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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Gross premiums written $ 82,905 $ 84,245 $ 160,102 $ 159,184
Net premiums written 76,372 78,346 149,233 149,824
Net premiums earned 66,017 58,671 133,561 114,667
Net investment income 7,677 9,765 15,961 19,799
Net realized investment gains:        
Other than temporary impairment losses on investments (37) (1,010) (62) (1,053)
Other net realized investment gains 39,918 3,816 39,130 9,616
Total net realized investment gains 39,881 2,806 39,068 8,563
Other income 155 247 323 301
Total revenues 113,730 71,489 188,913 143,330
Losses and Expenses:        
Net losses and loss adjustment expenses 38,270 34,924 76,842 66,712
Acquisition costs and other underwriting expenses 27,171 24,472 53,656 48,949
Corporate and other operating expenses 3,172 2,472 6,133 4,817
Interest expense 319 1,181 510 2,354
Income before income taxes 44,798 8,440 51,772 20,498
Income tax expense (benefit) 11,590 (224) 9,741 (531)
Net income $ 33,208 $ 8,664 $ 42,031 $ 21,029
Net income        
Basic $ 1.32 $ 0.35 $ 1.67 $ 0.84
Diluted $ 1.31 $ 0.34 $ 1.66 $ 0.84
Weighted-average number of shares outstanding        
Basic 25,128,280 25,049,888 25,121,171 25,052,488
Diluted 25,312,938 25,119,035 25,301,783 25,120,897