Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
|
| Revenues | ||||
| Direct premiums and escrow fees | $ 623,975 | $ 609,606 | $ 1,125,889 | $ 1,111,018 |
| Agent premiums | 515,792 | 501,613 | 1,028,037 | 934,533 |
| Information and other | 182,771 | 180,838 | 337,848 | 337,985 |
| Net investment income | 30,925 | 27,864 | 58,295 | 48,422 |
| Net realized investment gains | 8,070 | 3,868 | 13,176 | 2,915 |
| Total revenues | 1,361,533 | 1,323,789 | 2,563,245 | 2,434,873 |
| Expenses | ||||
| Personnel costs | 417,725 | 407,452 | 800,437 | 773,575 |
| Premiums retained by agents | 403,669 | 395,278 | 808,708 | 738,014 |
| Other operating expenses | 216,361 | 211,824 | 403,036 | 411,982 |
| Provision for policy losses and other claims | 122,360 | 122,870 | 229,458 | 224,424 |
| Depreciation and amortization | 23,994 | 21,463 | 46,414 | 42,317 |
| Premium taxes | 16,027 | 16,012 | 30,404 | 29,481 |
| Interest | 7,790 | 7,268 | 15,589 | 14,510 |
| Total expenses | 1,207,926 | 1,182,167 | 2,334,046 | 2,234,303 |
| Income before income taxes | 153,607 | 141,622 | 229,199 | 200,570 |
| Income taxes | 51,156 | 48,043 | 74,076 | 69,195 |
| Net income | 102,451 | 93,579 | 155,123 | 131,375 |
| Less: Net income attributable to noncontrolling interests | 302 | 232 | 473 | 396 |
| Net income attributable to the Company | $ 102,149 | $ 93,347 | $ 154,650 | $ 130,979 |
| Net income per share attributable to the Company's stockholders (Note 8): | ||||
| Basic | $ 0.92 | $ 0.86 | $ 1.40 | $ 1.21 |
| Diluted | 0.92 | 0.85 | 1.40 | 1.19 |
| Cash dividends declared per share | $ 0.26 | $ 0.25 | $ 0.52 | $ 0.50 |
| Weighted-average common shares outstanding (Note 8): | ||||
| Basic | 110,480 | 108,459 | 110,327 | 108,102 |
| Diluted | 110,978 | 109,796 | 110,842 | 109,586 |