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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues    
Net premiums earned$ 158,704$ 119,158$ 425,118$ 350,548
Investment income, net of investment expenses26,92627,08481,73083,343
Realized investment gains (losses)    
Other-than-temporary impairment charges000(459)
All other realized gains1,2191,3224,9966,853
Total realized investment gains (losses)1,2191,3224,9966,394
Other income7253401,610758
Total Revenue187,574147,904513,454441,043
Benefits, Losses and Expenses    
Losses and loss settlement expenses120,86189,312332,854230,432
Future policy benefits9,1677,21825,22920,983
Amortization of deferred policy acquisition costs43,02228,491112,80082,929
Other underwriting expenses14,10110,46844,87830,654
Interest on policyholders' accounts10,89710,92332,22432,371
Total Benefits, Losses and Expenses198,048146,412547,985397,369
Income (loss) before income taxes(10,474)1,492(34,531)43,674
Federal income tax expense (benefit)(5,698)(1,431)(17,651)7,707
Net Income (Loss)$ (4,776)$ 2,923$ (16,880)$ 35,967
Weighted average common shares outstanding25,722,57226,279,38226,004,92326,356,431
Basic earnings (loss) per common share$ (0.19)$ 0.11$ (0.65)$ 1.36
Diluted earnings (loss) per common share$ (0.19)$ 0.11$ (0.65)$ 1.36
Cash dividends declared per common share$ 0.15$ 0.15$ 0.45$ 0.45