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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Data

The following table represents unaudited quarterly financial data for the years ended December 31, 2014 and 2013.

 

  Three Months Ended  
    March 31           June 30           September 30           December 31      
  (in thousands, except per share amounts)  

2014

Premiums earned

 $     89,233     $ 93,516     $ 95,928     $ 97,070   

Net investment income

  6,708      6,845      6,495      7,166   

Net realized gains (losses) on investments

  101      232      (152   516   

Total revenues

  96,173          100,624          102,336          104,886   

Income before income taxes

  13,404      17,061      19,348      23,936   

Net income

  10,549      12,773      13,479      16,865   

Net income available to common shareholders

  10,549      12,773      13,479      16,865   

Earnings per share:

Basic

  0.57      0.69      0.72      0.90   

Diluted

  0.56      0.68      0.71      0.89   

Comprehensive income

  13,789      15,789      13,596      17,597   

Extraordinary cash dividends declared per common share

$ 0.50    $ —     $ —     $ 1.00   

Cash dividends declared per common share

$ 0.12    $ 0.12    $ 0.12    $ 0.12   

2013

Premiums earned

$ 79,709    $ 81,983    $ 81,596    $ 86,695   

Net investment income

  6,670      6,649      6,947      6,763   

Net realized gains (losses) on investments

  24      (1,291   (654   710   

Total revenues

  86,512      87,511      88,003      94,309   

Income before income taxes

  11,080      10,647      12,447      25,030   

Net income

  8,851      7,644      9,699      17,443   

Net income available to common shareholders

  8,836      7,618      9,673      17,364   

Earnings per share:

Basic

  0.48      0.42      0.53      0.94   

Diluted

  0.47      0.41      0.52      0.92   

Comprehensive income

  8,306      3,584      8,654      15,819   

Cash dividends declared per common share

$ 0.08    $ 0.08    $ 0.08    $ 0.08