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Consolidated Statements of Income and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Net premiums earned $ 1,023,401,000 $ 930,890,000 $ 828,330,000
Investment income, net of investment expenses 106,822,000 100,781,000 104,609,000
Net realized investment gains (losses)      
Other-than-temporary impairment charges 0 (1,300,000) 0
All other net realized gains (includes reclassifications for net unrealized gains on available-for-sale securities of $4,520 in 2016; $4,513 in 2015; and $5,085 in 2014 previously included in accumulated other comprehensive income) 6,103,000 4,146,000 7,270,000
Total net realized investment gains 6,103,000 2,846,000 7,270,000
Other income 621,000 401,000 1,685,000
Total revenues 1,136,947,000 1,034,918,000 941,894,000
Benefits, losses and expenses      
Losses and loss settlement expenses 683,798,000 549,088,000 536,243,000
Increase in liability for future policy benefits 59,969,000 50,945,000 36,623,000
Amortization of deferred policy acquisition costs 211,013,000 186,817,000 167,449,000
Other underwriting expenses (includes reclassifications for employee benefit costs of $5,486 in 2016; $7,468 in 2015; and $3,072 in 2014 previously included in accumulated other comprehensive income) 103,421,000 102,937,000 94,871,000
Interest on policyholders' accounts 20,079,000 23,680,000 30,245,000
Total benefits, losses and expenses 1,078,280,000 913,467,000 865,431,000
Income before income taxes 58,667,000 121,451,000 76,463,000
Federal income tax expense (includes reclassifications of $338 in 2016; $1,034 in 2015; and ($704) in 2014 previously included in accumulated other comprehensive income) 8,763,000 32,325,000 17,326,000
Net income 49,904,000 89,126,000 59,137,000
Other comprehensive income (loss)      
Change in net unrealized appreciation on investments 13,017,000 (28,185,000) 55,888,000
Change in liability for underfunded employee benefit plans 30,045,000 8,714,000 (47,685,000)
Other comprehensive income (loss), before tax and reclassification adjustments 43,062,000 (19,471,000) 8,203,000
Income tax effect (15,072,000) 6,814,000 (2,871,000)
Other comprehensive income (loss), after tax, before reclassification adjustments 27,990,000 (12,657,000) 5,332,000
Reclassification adjustment for net realized gains included in income (4,520,000) (4,513,000) (5,085,000)
Reclassification adjustment for employee benefit costs included in expense 5,486,000 7,468,000 3,072,000
Total reclassification adjustments, before tax 966,000 2,955,000 (2,013,000)
Income tax effect (338,000) (1,034,000) 704,000
Total reclassification adjustments, after tax 628,000 1,921,000 (1,309,000)
Comprehensive income $ 78,522,000 $ 78,390,000 $ 63,160,000
Weighted average common shares outstanding (in shares) 25,335,706 25,047,405 25,230,854
Basic earnings per common share (in usd per share) $ 1.97 $ 3.56 $ 2.34
Diluted earnings per common share (in usd per share) $ 1.93 $ 3.53 $ 2.32