Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data [Abstract]

Quarterly Financial Data

21. Quarterly Financial Data (Unaudited)

The following table represents unaudited quarterly financial data for the years ended December 31, 2011 and 2010. Financial data for the three months ended September 30, 2011 and for the three months ended December 31, 2010 have been adjusted to correct the accounting of our estimate of liability for state guaranty fund assessments. See Note 1.

	Three Months Ended
	March 31		June 30		September 30			December 31
	(In thousands, except per share amounts)
2011
Premiums earned	$	60,089	$	60,261	$	64,454		$	66,211
Net investment income		6,546		6,597		6,495			6,702
Net realized gains on investments		103		145		512			1,468
Total revenues		66,959		67,051		71,743			74,910
Income before income taxes		7,486		4,793		5,498			9,494
Net income		6,627		4,569		4,871			8,058
Earnings per share:
Basic		0.36		0.25		0.27			0.45
Diluted		0.35		0.24		0.26			0.44
Comprehensive income		6,535		5,360		6,149			8,031
2010
Premiums earned	$	55,058	$	52,982	$	54,412		$	56,429
Net investment income		6,540		6,675		6,569			6,458
Net realized gains on investments		2,552		293		(561	)		165
Total revenues		64,382		60,095		60,538			63,141
Income before income taxes		13,619		13,442		4,869			12,424
Net income		11,277		10,424		4,358			8,547
Earnings per share:
Basic		0.60		0.56		0.24			0.46
Diluted		0.58		0.54		0.23			0.45
Comprehensive income		8,934		10,170		4,637			8,402

Previously reported amounts for the three months ended September 30, 2011 for income before income taxes, net income, basic earnings per share, diluted earnings per share and comprehensive income were $8,300, $6,692, $0.37, $0.36 and $7,970, respectively. Adjustment amounts for income before income taxes, net income, basic earnings per share, diluted earnings per share and comprehensive income were decreases of $2,802, $1,821, $0.10, $0.10 and $1,821, respectively.

Previously reported amounts for the three months ended December 31, 2010 for income before income taxes, net income, basic earnings per share, diluted earnings per share and comprehensive income were $10,497, $7,294, $0.40, $0.39 and $7,149, respectively. Adjustment amounts for income before income taxes, net income, basic earnings per share, diluted earnings per share and comprehensive income were increases of $1,927, $1,253, $0.06, $0.06 and $1,253, respectively.