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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Net premiums earned $ 1,037,451 $ 997,492 $ 936,131
Investment income, net of investment expenses 52,894 51,190 55,284
Net realized investment gains (losses) (includes reclassifications for net unrealized gains on available-for-sale securities of ($784) in 2018; $6,390 in 2017; and $4,520 in 2016 previously included in accumulated other comprehensive income) (20,179) 4,055 4,947
Total revenues 1,070,166 1,052,737 996,362
Benefits, losses and expenses      
Losses and loss settlement expenses 731,611 725,713 652,433
Amortization of deferred policy acquisition costs 206,232 207,746 202,892
Other underwriting expenses (includes reclassifications for employee benefit costs of $6,642 in 2018; $5,408 in 2017; and $5,486 in 2016 previously included in accumulated other comprehensive income) 141,473 103,628 83,540
Total benefits, losses and expenses 1,079,316 1,037,087 938,865
Income (loss) from continuing operations before income taxes (9,150) 15,650 57,497
Federal income tax expense (benefit) (includes reclassifications of $1,559 in 2018; $(344) in 2017; and $338 in 2016 previously included in accumulated other comprehensive income) (11,405) (29,220) 8,379
Net income from continuing operations 2,255 44,870 49,118
Income (loss) from discontinued operations, net of taxes (1,912) 6,153 786
Gain on sale of discontinued operations, net of taxes 27,307 0 0
Net income 27,650 51,023 49,904
Other comprehensive income (loss)      
Change in net unrealized appreciation on investments (50,985) 72,251 13,017
Change in liability for underfunded employee benefit plans 25,513 (26,122) 30,045
Other comprehensive income (loss), before tax and reclassification adjustments (25,472) 46,129 43,062
Income tax effect 5,349 (17,540) (15,072)
Other comprehensive income (loss), after tax, before reclassification adjustments (20,123) 28,589 27,990
Reclassification adjustment for net realized (gains) losses included in income 784 (6,390) (4,520)
Reclassification adjustment for employee benefit costs included in expense 6,642 5,408 5,486
Total reclassification adjustments, before tax 7,426 (982) 966
Income tax effect (1,559) 344 (338)
Total reclassification adjustments, after tax 5,867 (638) 628
Comprehensive income $ 13,394 $ 78,974 $ 78,522
Weighted average common shares outstanding (in shares) 25,006,211 25,103,720 25,335,706
Earnings per common share from continuing operations:      
Basic (in dollars per share) $ 0.09 $ 1.79 $ 1.94
Diluted (in dollars per share) 0.09 1.75 1.90
Earnings per common share:      
Basic (in dollars per share) 1.11 2.03 1.97
Diluted (in dollars per share) $ 1.08 $ 1.99 $ 1.93