XML 20 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Premiums earned $ 375,894 $ 375,747 $ 329,983
Net investment income 27,902 27,214 27,029
Net realized gains (losses) on investments (2,494) 697 (1,211)
Loss on disposal of assets (664)   (2)
Fee and other income 316 361 536
Total revenues 400,954 404,019 356,335
Expenses      
Loss and loss adjustment expenses incurred 214,573 244,916 228,973
Underwriting and certain other operating costs 32,162 32,573 18,951
Commissions 27,509 27,872 25,303
Salaries and benefits 24,442 24,518 22,862
Policyholder dividends 1,301 391 1,042
Total expenses 299,987 330,270 297,131
Income before income taxes 100,967 73,749 59,204
Income tax expense 30,505 20,083 15,567
Net income 70,462 53,666 43,637
Net income available to common shareholders $ 70,462 $ 53,666 $ 43,495
Earnings per share      
Basic $ 3.72 $ 2.88 $ 2.37
Diluted $ 3.69 $ 2.84 $ 2.32
Shares used in computing earnings per share      
Basic 18,941,077 18,646,128 18,373,033
Diluted 19,119,186 18,928,504 18,748,809
Extraordinary cash dividends declared per common share $ 3.00 $ 1.50 $ 0.00
Cash dividends declared per common share $ 0.60 $ 0.48 $ 0.32