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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Net premiums earned $ 368,704 $ 375,894 $ 375,747
Net investment income 28,106 27,902 27,214
Net realized gains (losses) on investments (494) (2,494) 697
Loss on disposal of assets (1) (664)  
Fee and other income 347 316 361
Total revenues 396,662 400,954 404,019
Expenses      
Loss and loss adjustment expenses incurred 199,031 214,573 244,916
Underwriting and certain other operating costs 29,470 32,162 32,573
Commissions 26,243 27,509 27,872
Salaries and benefits 24,881 24,442 24,518
Policyholder dividends 4,216 1,301 391
Total expenses 283,841 299,987 330,270
Income before income taxes 112,821 100,967 73,749
Income tax expense 34,956 30,505 20,083
Net income 77,865 70,462 53,666
Net income available to common shareholders $ 77,865 $ 70,462 $ 53,666
Earnings per share      
Basic $ 4.08 $ 3.72 $ 2.88
Diluted $ 4.05 $ 3.69 $ 2.84
Shares used in computing earnings per share      
Basic 19,105,806 18,941,077 18,646,128
Diluted 19,203,650 19,119,186 18,928,504
Extraordinary cash dividends declared per common share $ 3.25 $ 3.00 $ 1.50
Cash dividends declared per common share $ 0.72 $ 0.60 $ 0.48