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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

19.

Quarterly Financial Data (Unaudited)

The following table represents unaudited quarterly financial data for the years ended December 31, 2016 and 2015.

 

 

 

Three Months Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

 

(in thousands, except per share amounts)

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net premiums earned

 

$

95,961

 

 

$

90,728

 

 

$

89,918

 

 

$

92,097

 

Net investment income

 

 

6,044

 

 

 

6,201

 

 

 

8,006

 

 

 

7,855

 

Net realized gains (losses) on investments

 

 

248

 

 

 

545

 

 

 

181

 

 

 

(1,468

)

Total revenues

 

 

102,335

 

 

 

97,563

 

 

 

98,206

 

 

 

98,558

 

Income before income taxes

 

 

34,395

 

 

 

24,615

 

 

 

26,027

 

 

 

27,784

 

Net income

 

 

24,257

 

 

 

16,639

 

 

 

17,896

 

 

 

19,073

 

Net income available to common shareholders

 

 

24,257

 

 

 

16,639

 

 

 

17,896

 

 

 

19,073

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.27

 

 

$

0.87

 

 

$

0.94

 

 

$

1.00

 

Diluted

 

$

1.27

 

 

$

0.87

 

 

$

0.93

 

 

$

0.99

 

Comprehensive income

 

 

27,051

 

 

 

19,568

 

 

 

16,183

 

 

 

11,985

 

Extraordinary cash dividends declared per common share

 

$

 

 

$

 

 

$

 

 

$

3.25

 

Cash dividends declared per common share

 

$

0.18

 

 

$

0.18

 

 

$

0.18

 

 

$

0.18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net premiums earned

 

$

94,787

 

 

$

95,569

 

 

$

90,504

 

 

$

95,034

 

Net investment income

 

 

6,833

 

 

 

6,890

 

 

 

6,923

 

 

 

7,256

 

Net realized gains (losses) on investments

 

 

59

 

 

 

(2,617

)

 

 

40

 

 

 

24

 

Total revenues

 

 

101,788

 

 

 

99,936

 

 

 

97,470

 

 

 

101,760

 

Income before income taxes

 

 

21,197

 

 

 

20,112

 

 

 

25,890

 

 

 

33,768

 

Net income

 

 

15,130

 

 

 

14,319

 

 

 

17,940

 

 

 

23,073

 

Net income available to common shareholders

 

 

15,130

 

 

 

14,319

 

 

 

17,940

 

 

 

23,073

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.80

 

 

$

0.76

 

 

$

0.95

 

 

$

1.21

 

Diluted

 

$

0.79

 

 

$

0.75

 

 

$

0.94

 

 

$

1.21

 

Comprehensive income

 

 

15,948

 

 

 

12,744

 

 

 

19,248

 

 

 

22,299

 

Extraordinary cash dividends declared per common share

 

$

 

 

$

 

 

$

 

 

$

3.00

 

Cash dividends declared per common share

 

$

0.15

 

 

$

0.15

 

 

$

0.15

 

 

$

0.15