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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Gross premiums written $ 87,035 $ 88,837 $ 269,152 $ 292,443
Ceded premiums written (1,992) (2,945) (6,581) (8,046)
Net premiums written 85,043 85,892 262,571 284,397
Net premiums earned 85,118 89,918 258,779 276,607
Net investment income 7,788 8,006 21,969 20,251
Net realized gains (losses) on investments (192) 181 (761) 974
Fee and other income 90 101 284 272
Total revenues 92,804 98,206 280,271 298,104
Expenses        
Loss and loss adjustment expenses incurred 48,394 50,526 151,038 146,413
Underwriting and certain other operating costs 7,218 8,104 23,363 25,325
Commissions 6,030 6,362 18,424 19,731
Salaries and benefits 6,033 6,298 18,899 18,403
Policyholder dividends 1,573 889 4,107 3,195
Total expenses 69,248 72,179 215,831 213,067
Income before income taxes 23,556 26,027 64,440 85,037
Income tax expense 6,979 8,131 18,858 26,245
Net income 16,577 17,896 45,582 58,792
Net income available to common shareholders $ 16,577 $ 17,896 $ 45,582 $ 58,792
Earnings per share        
Basic $ 0.86 $ 0.94 $ 2.38 $ 3.08
Diluted $ 0.86 $ 0.93 $ 2.37 $ 3.06
Shares used in computing earnings per share        
Basic 19,171,912 19,121,947 19,161,529 19,092,298
Diluted 19,236,114 19,190,191 19,235,955 19,186,398
Cash dividends declared per common share $ 0.20 $ 0.18 $ 0.60 $ 0.54