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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Net premiums earned $ 350,326 $ 346,156 $ 368,704
Net investment income 30,452 29,281 28,106
Net realized losses on investments (1,536) (647) (494)
Net unrealized losses on equity securities (2,088)    
Fee and other income 599 418 346
Total revenues 377,753 375,208 396,662
Expenses      
Loss and loss adjustment expenses incurred 204,891 209,324 199,031
Underwriting and certain other operating costs 28,981 28,333 29,470
Commissions 26,160 24,812 26,243
Salaries and benefits 25,992 25,631 24,881
Policyholder dividends 4,148 4,868 4,216
Total expenses 290,172 292,968 283,841
Income before income taxes 87,581 82,240 112,821
Income tax expense 15,949 36,009 34,956
Net income $ 71,632 $ 46,231 $ 77,865
Earnings per share      
Basic $ 3.73 $ 2.41 $ 4.08
Diluted $ 3.71 $ 2.40 $ 4.05
Shares used in computing earnings per share      
Basic 19,208,978 19,165,489 19,105,806
Diluted 19,293,082 19,245,866 19,203,650
Extraordinary cash dividends declared per common share $ 3.50 $ 3.50 $ 3.25
Cash dividends declared per common share $ 0.88 $ 0.80 $ 0.72