v3.26.1
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, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Premium $ 1,297,622 $ 1,217,643 $ 2,567,735 $ 2,417,297
Net investment income 293,820 282,169 583,644 562,783
Segment revenue 1,591,442 1,499,812 3,151,379 2,980,080
Realized gains (losses) 7,138 (18,574) 5,660 (18,489)
Other income 1,150 49 2,310 118
Total revenue 1,599,730 1,481,287 3,159,349 2,961,709
Expenses:        
Policy obligations 796,753 754,689 1,584,883 1,503,768
Required interest on reserves 2,232 2,380 4,436 4,908
Amortization of acquisition costs 120,537 111,042 238,819 216,194
Commissions 91,650 84,322 182,642 172,776
Premium taxes 26,588 24,331 52,584 49,835
Non-deferred acquisition costs 56,732 50,089 110,849 101,785
Segment profit or (loss) 496,950 472,959 977,166 930,814
Insurance administrative expenses:        
Salaries 34,340 34,677 69,719 68,365
Other employee costs 8,508 9,407 22,279 19,708
Information technology costs 24,607 19,555 46,479 40,491
Legal costs 3,917 5,827 7,109 12,076
Other administrative costs 20,074 16,581 40,146 32,956
Parent expense 4,569 3,555 8,102 6,605
Stock-based compensation expense 16,974 14,043 30,577 26,062
Interest expense 36,050 34,885 70,050 69,877
Legal proceedings 3,262 4,648 5,484 10,776
Other expenses 0   91  
Annuity (1,950) (2,043) (3,919) (3,853)
Total expenses 1,244,843 1,167,988 2,470,330 2,332,329
Income before income taxes 354,887 313,299 689,019 629,380
Life        
Revenue:        
Premium 860,767 839,544 1,713,972 1,669,407
Net investment income 0 0 0 0
Segment revenue 860,767 839,544 1,713,972 1,669,407
Expenses:        
Policy obligations 513,959 519,355 1,032,809 1,029,111
Required interest on reserves (218,540) (211,160) (435,078) (419,696)
Amortization of acquisition costs 104,651 96,201 207,345 186,834
Commissions 44,160 42,357 87,707 87,924
Premium taxes 18,260 16,682 36,033 34,693
Non-deferred acquisition costs 38,927 36,035 76,748 73,203
Segment profit or (loss) 359,350 340,074 708,408 677,338
Health        
Revenue:        
Premium 436,855 378,099 853,763 747,890
Net investment income 0 0 0 0
Segment revenue 436,855 378,099 853,763 747,890
Expenses:        
Policy obligations 277,012 229,924 540,746 463,853
Required interest on reserves (28,951) (28,391) (57,833) (56,677)
Amortization of acquisition costs 15,886 14,841 31,474 29,360
Commissions 47,490 41,965 94,935 84,852
Premium taxes 8,328 7,649 16,551 15,142
Non-deferred acquisition costs 17,805 14,054 34,101 28,582
Segment profit or (loss) 99,285 98,057 193,789 182,778
Investment        
Revenue:        
Premium 0 0 0 0
Net investment income 293,820 282,169 583,644 562,783
Segment revenue 293,820 282,169 583,644 562,783
Expenses:        
Policy obligations 5,782 5,410 11,328 10,804
Required interest on reserves 249,723 241,931 497,347 481,281
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) $ 38,315 $ 34,828 $ 74,969 $ 70,698