XML 86 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Net premiums earned $ 2,796,195us-gaap_PremiumsEarnedNetPropertyAndCasualty $ 2,698,187us-gaap_PremiumsEarnedNetPropertyAndCasualty $ 2,574,920us-gaap_PremiumsEarnedNetPropertyAndCasualty
Net investment income 125,723us-gaap_InterestAndDividendIncomeOperating 124,538us-gaap_InterestAndDividendIncomeOperating 131,896us-gaap_InterestAndDividendIncomeOperating
Net realized investment gains (losses) 81,184us-gaap_RealizedInvestmentGainsLosses (11,422)us-gaap_RealizedInvestmentGainsLosses 66,380us-gaap_RealizedInvestmentGainsLosses
Other 8,671us-gaap_OtherIncome 9,738us-gaap_OtherIncome 10,174us-gaap_OtherIncome
Total revenues 3,011,773us-gaap_Revenues 2,821,041us-gaap_Revenues 2,783,370us-gaap_Revenues
Expenses:      
Losses and loss adjustment expenses 1,986,122us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 1,962,690us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 1,961,448us-gaap_PolicyholderBenefitsAndClaimsIncurredNet
Policy acquisition costs 526,208us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 505,517us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 477,788us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense
Other operating expenses 249,381us-gaap_OtherCostAndExpenseOperating 219,478us-gaap_OtherCostAndExpenseOperating 207,281us-gaap_OtherCostAndExpenseOperating
Other operating expenses 2,637us-gaap_InterestExpense 1,260us-gaap_InterestExpense 1,543us-gaap_InterestExpense
Total expenses 2,764,348us-gaap_BenefitsLossesAndExpenses 2,688,945us-gaap_BenefitsLossesAndExpenses 2,648,060us-gaap_BenefitsLossesAndExpenses
Income before income taxes 247,425us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 132,096us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 135,310us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 69,476us-gaap_IncomeTaxExpenseBenefit 19,953us-gaap_IncomeTaxExpenseBenefit 18,399us-gaap_IncomeTaxExpenseBenefit
Net income $ 177,949us-gaap_NetIncomeLoss $ 112,143us-gaap_NetIncomeLoss $ 116,911us-gaap_NetIncomeLoss
Net income per share:      
Basic (in dollars per share) $ 3.23us-gaap_EarningsPerShareBasic $ 2.04us-gaap_EarningsPerShareBasic $ 2.13us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 3.23us-gaap_EarningsPerShareDiluted $ 2.04us-gaap_EarningsPerShareDiluted $ 2.13us-gaap_EarningsPerShareDiluted