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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Net premiums earned $ 738,531 $ 733,281 $ 694,149
Net investment income 95,662 100,012 108,660
Equity in earnings (loss) of unconsolidated subsidiaries 8,033 (5,762) 3,682
Net realized investment gains (losses):      
OTTI losses (13,200) (10,834) (19,917)
Portion of OTTI losses recognized in other comprehensive income before taxes 248 1,068 4,572
Net impairment losses recognized in earnings (12,952) (9,766) (15,345)
Other net realized investment gains (losses) 29,361 44,641 (26,294)
Total net realized investment gains (losses) 16,409 34,875 (41,639)
Other income 7,514 7,808 7,227
Total revenues 866,149 870,214 772,079
Expenses      
Net losses and loss adjustment expenses 469,158 443,229 410,711
Underwriting, policy acquisition and operating expenses      
Operating expense 140,002 139,232 137,508
DPAC Amortization 95,751 88,378 79,556
Segregated portfolio cells dividend expense (income) 15,771 8,142 853
Interest expense 16,844 15,032 14,596
Total expenses 737,526 694,013 643,224
Income before income taxes 128,623 176,201 128,855
Provision for income taxes      
Current expense (benefit) 19,666 16,586 28,652
Deferred expense (benefit) 1,693 8,534 (15,994)
Total income tax expense (benefit) 21,359 25,120 12,658
Net income 107,264 151,081 116,197
Other comprehensive income (loss), after tax, net of reclassification adjustments (2,488) (6,456) (34,349)
Comprehensive income $ 104,776 $ 144,625 $ 81,848
Earnings per share:      
Basic (USD per share) $ 2.01 $ 2.84 $ 2.12
Diluted (USD per share) $ 2.00 $ 2.83 $ 2.11
Weighted average number of common shares outstanding:      
Basic (shares) 53,393 53,216 54,795
Diluted (shares) 53,611 53,448 55,017
Cash dividends declared per common share (USD per share) $ 5.93 $ 5.93 $ 2.24