v3.25.2
Business Segments - Schedule of Reconciliation of Segment Operating Information to Consolidated Statement of Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Premium $ 1,217,643 $ 1,167,125 $ 2,417,297 $ 2,312,409
Net investment income 282,169 285,636 562,783 568,214
Segment revenue 1,499,812 1,452,761 2,980,080 2,880,623
Realized gains (losses) (18,574) (12,589) (18,489) (24,388)
Other income 49 74 118 150
Total revenue 1,481,287 1,440,246 2,961,709 2,856,385
Expenses:        
Policy obligations 754,689 729,751 1,503,768 1,455,417
Required interest on reserves 2,380 8,084 4,908 16,529
Amortization of acquisition costs 111,042 101,526 216,194 200,605
Commissions 84,322 81,359 172,776 159,198
Premium taxes 24,331 22,474 49,835 46,376
Non-deferred acquisition costs 50,089 45,965 101,785 92,330
Segment profit or (loss) 472,959 463,602 930,814 910,168
Insurance administrative expenses:        
Salaries 34,677 30,855 68,365 62,029
Other employee costs 9,407 8,063 19,708 18,076
Information technology costs 19,555 20,561 40,491 38,868
Legal costs 5,827 6,889 12,076 12,162
Other administrative costs 16,581 15,828 32,956 31,472
Parent expense 3,555 3,130 6,605 5,956
Stock-based compensation expense 14,043 10,090 26,062 19,357
Interest expense 34,885 31,404 69,877 60,025
Legal proceedings 4,648 2,435 10,776 2,435
Non-operating expenses   1,257   1,967
Annuity (2,043) (1,748) (3,853) (3,663)
Total expenses 1,167,988 1,117,923 2,332,329 2,219,139
Income before income taxes 313,299 322,323 629,380 637,246
Life        
Revenue:        
Premium 839,544 815,482 1,669,407 1,619,747
Net investment income 0 0 0 0
Segment revenue 839,544 815,482 1,669,407 1,619,747
Expenses:        
Policy obligations 519,355 518,792 1,029,111 1,038,663
Required interest on reserves (211,160) (201,815) (419,696) (401,522)
Amortization of acquisition costs 96,201 87,915 186,834 173,683
Commissions 42,357 39,698 87,924 78,388
Premium taxes 16,682 17,200 34,693 34,286
Non-deferred acquisition costs 36,035 33,369 73,203 66,915
Segment profit or (loss) 340,074 320,323 677,338 629,334
Health        
Revenue:        
Premium 378,099 351,643 747,890 692,662
Net investment income 0 0 0 0
Segment revenue 378,099 351,643 747,890 692,662
Expenses:        
Policy obligations 229,924 205,423 463,853 407,750
Required interest on reserves (28,391) (27,410) (56,677) (54,583)
Amortization of acquisition costs 14,841 13,611 29,360 26,922
Commissions 41,965 41,661 84,852 80,810
Premium taxes 7,649 5,274 15,142 12,090
Non-deferred acquisition costs 14,054 12,596 28,582 25,415
Segment profit or (loss) 98,057 100,488 182,778 194,258
Investment        
Revenue:        
Premium 0 0 0 0
Net investment income 282,169 285,636 562,783 568,214
Segment revenue 282,169 285,636 562,783 568,214
Expenses:        
Policy obligations 5,410 5,536 10,804 9,004
Required interest on reserves 241,931 237,309 481,281 472,634
Amortization of acquisition costs 0 0 0 0
Commissions 0 0 0 0
Premium taxes 0 0 0 0
Non-deferred acquisition costs 0 0 0 0
Segment profit or (loss) $ 34,828 $ 42,791 $ 70,698 $ 86,576