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Unaudited Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Unaudited Quarterly Financial Data Financial information for the quarters presented was prepared on a consolidated basis.

 

 

Quarter ended

 

 

Quarter ended

 

 

Quarter ended

 

 

Quarter ended

 

 

 

March 31, 2019

 

 

June 30, 2019

 

 

September 30, 2019

 

 

December 31, 2019

 

 

 

(In thousands, except per-share amounts)

 

Direct premiums

 

$

677,286

 

 

$

687,262

 

 

$

692,258

 

 

$

697,060

 

Ceded premiums

 

 

(389,795

)

 

 

(400,588

)

 

 

(388,982

)

 

 

(390,364

)

Net premiums

 

 

287,491

 

 

 

286,674

 

 

 

303,276

 

 

 

306,696

 

Commissions and fees

 

 

167,315

 

 

 

178,468

 

 

 

179,719

 

 

 

188,302

 

Net investment income

 

 

24,111

 

 

 

24,868

 

 

 

22,675

 

 

 

22,418

 

Realized investment gains (losses), including

   OTTI

 

 

2,847

 

 

 

1,067

 

 

 

285

 

 

 

766

 

Other, net

 

 

13,223

 

 

 

13,825

 

 

 

14,698

 

 

 

13,778

 

Total revenues

 

 

494,987

 

 

 

504,902

 

 

 

520,653

 

 

 

531,960

 

Total benefits and expenses

 

 

392,619

 

 

 

377,442

 

 

 

395,514

 

 

 

409,815

 

Income before income taxes

 

 

102,368

 

 

 

127,460

 

 

 

125,139

 

 

 

122,145

 

Income taxes

 

 

23,203

 

 

 

30,014

 

 

 

28,916

 

 

 

28,588

 

Net income

 

$

79,165

 

 

$

97,446

 

 

$

96,223

 

 

$

93,557

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

1.84

 

 

$

2.28

 

 

$

2.28

 

 

$

2.25

 

Diluted earnings per share

 

$

1.83

 

 

$

2.28

 

 

$

2.28

 

 

$

2.24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter ended

 

 

Quarter ended

 

 

Quarter ended

 

 

Quarter ended

 

 

 

March 31, 2018

 

 

June 30, 2018

 

 

September 30, 2018

 

 

December 31, 2018

 

 

 

(In thousands, except per-share amounts)

 

Direct premiums

 

$

656,087

 

 

$

667,191

 

 

$

670,222

 

 

$

673,605

 

Ceded premiums

 

 

(394,249

)

 

 

(403,449

)

 

 

(391,175

)

 

 

(392,290

)

Net premiums

 

 

261,838

 

 

 

263,742

 

 

 

279,047

 

 

 

281,315

 

Commissions and fees

 

 

166,827

 

 

 

167,940

 

 

 

170,879

 

 

 

171,960

 

Net investment income

 

 

19,017

 

 

 

20,030

 

 

 

20,622

 

 

 

21,760

 

Realized investment gains (losses), including

   OTTI

 

 

(1,656

)

 

 

1,313

 

 

 

(126

)

 

 

(1,651

)

Other, net

 

 

13,897

 

 

 

14,790

 

 

 

14,359

 

 

 

13,941

 

Total revenues

 

 

459,923

 

 

 

467,815

 

 

 

484,781

 

 

 

487,325

 

Total benefits and expenses

 

 

376,960

 

 

 

354,050

 

 

 

373,346

 

 

 

379,403

 

Income before income taxes

 

 

82,963

 

 

 

113,765

 

 

 

111,435

 

 

 

107,922

 

Income taxes

 

 

17,248

 

 

 

27,065

 

 

 

26,296

 

 

 

21,381

 

Net income

 

$

65,715

 

 

$

86,700

 

 

$

85,139

 

 

$

86,541

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

1.46

 

 

$

1.96

 

 

$

1.95

 

 

$

1.99

 

Diluted earnings per share

 

$

1.46

 

 

$

1.95

 

 

$

1.94

 

 

$

1.99

 

 

Quarterly amounts may not agree in total to the corresponding annual amounts due to rounding.