| Dec'11 | Dec'10 | Dec'09 | Dec'08 | ||
|---|---|---|---|---|---|
Premium and fee income | |||||
1,564 | 1,419 | 1,401 | 1,384 | ||
Net investment income | |||||
351 | 351 | 318 | 134 | ||
Total other than temporary impairment losses | |||||
33 | 77 | 180 | - | ||
Total other than temporary impairment losses | |||||
- | - | - | 78 | ||
Portion of other than temporary impairment losses recognized in (reclassified from) other comprehensive income | |||||
4 | 16 | 35 | - | ||
Net impairment losses recognized in earnings | |||||
29 | 61 | 144 | 78 | ||
Other net realized investment gains | |||||
15 | 35 | -2 | -9 | ||
Net realized investment gains (losses) | |||||
-14 | -25 | -147 | - | ||
Loss on early retirement of senior notes | |||||
- | -7 | - | -0 | ||
Net realized investment losses | |||||
- | - | - | -88 | ||
Total revenues | |||||
1,900 | 1,737 | 1,571 | 1,430 | ||
Benefits, claims and interest credited to policyholders | |||||
1,135 | 1,005 | 990 | 989 | ||
Commissions | |||||
96 | 93 | 92 | 87 | ||
Amortization of cost of business acquired | |||||
78 | 72 | 66 | 80 | ||
Other operating expenses | |||||
319 | 303 | 286 | 207 | ||
Total benefits and expenses | |||||
1,630 | 1,474 | 1,436 | 1,364 | ||
Operating income | |||||
269 | 262 | 134 | 66 | ||
Corporate debt | |||||
24 | 30 | 15 | 17 | ||
Junior subordinated debentures | |||||
12 | 12 | 12 | 12 | ||
Junior subordinated deferrable interest debentures underlying company-obligated redeemable capital securities issued by unconsolidated subsidiaries | |||||
- | - | - | 0 | ||
Total interest expense | |||||
37 | 43 | 28 | 31 | ||
Income before income tax expense | |||||
232 | 219 | 106 | 34 | ||
Income tax expense | |||||
52 | 49 | 14 | -4 | ||
Net income | |||||
179 | 170 | 91 | 39 | ||
Less: Net (loss) income attributable to noncontrolling interest | |||||
1 | 1 | 0 | 2 | ||
Net income attributable to shareholders | |||||
178 | 168 | 91 | 36 | ||
Net income attributable to shareholders | |||||
3.19 | 3.05 | 1.77 | 0.76 | ||
Net income attributable to shareholders | |||||
3.16 | 3.03 | 1.76 | 0.75 | ||
Dividends paid per share of common stock | |||||
0.47 | 0.42 | 0.40 | 0.39 | ||