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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues      
Net premiums earned $ 586,783 $ 469,473 $ 478,498
Investment income, net of investment expenses 109,494 111,685 106,075
Realized investment gains (losses)      
Other-than-temporary impairment charges (395) (459) (18,307)
Other realized gains, net 6,835 8,948 5,128
Total realized investment gains (losses) 6,440 8,489 (13,179)
Other income 2,291 1,425 799
Total Revenue 705,008 591,072 572,193
Benefits, Losses and Expenses      
Losses and loss settlement expenses 430,389 309,796 382,494
Increase in liability for future policy benefits 32,567 27,229 23,897
Amortization of deferred policy acquisition costs 153,176 113,371 114,893
Other underwriting expenses 58,757 39,321 39,298
Disaster charges and other related expenses, net of recoveries 0 (16) (1,335)
Interest on policyholders' accounts 42,834 42,988 41,652
Total Benefits, Losses and Expenses 717,723 532,689 600,899
Income (loss) before income taxes (12,715) 58,383 (28,706)
Federal income tax expense (benefit) (12,726) 10,870 (18,265)
Net income (loss) $ 11 $ 47,513 $ (10,441)
Weighted average common shares outstanding 25,878,535 26,318,214 26,590,458
Basic earnings (loss) per share $ 0.00 $ 1.81 $ (0.39)
Diluted earnings (loss) per share $ 0.00 $ 1.80 $ (0.39)
Cash dividends declared per share $ 0.60 $ 0.60 $ 0.60