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Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Data [Abstract]  
Summary Of Quarterly Financial Data
Summarized quarterly financial data for 2014 and 2013 are as follows:
 
 
Quarter Ended
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(Amounts in thousands, except per share data)
 
2014
 
 
 
 
 
 
 
 
Net premiums earned
$
683,701

 
$
697,889

 
$
705,237

  
$
709,368

 
Change in fair value of investments pursuant to the fair value option
$
45,699

 
$
41,412

 
$
(20,528
)
 
$
(22,824
)
 
Income (loss) before income taxes
$
102,030

 
$
136,436

 
$
37,120

 
$
(28,161
)
 
Net income (loss)
$
72,649

 
$
94,960

 
$
31,296

 
$
(20,956
)
 
Basic earnings per share (2)
$
1.32

 
$
1.73

 
$
0.57

 
$
(0.38
)
 
Diluted earnings per share (2)
$
1.32

 
$
1.73

 
$
0.57

 
$
(0.38
)
(1) 
Dividends paid per share
$
0.6150

 
$
0.6150

 
$
0.6175

  
$
0.6175

 
2013
 
 
 
 
 
 
 
 
Net premiums earned
$
662,595

 
$
675,787

 
$
678,913

  
$
680,892

 
Change in fair value of investments pursuant to the fair value option
$
43,467

 
$
(78,726
)
 
$
21,815

 
$
(30,593
)
 
Income (loss) before income taxes
$
90,994

 
$
(24,959
)
 
$
54,793

 
$
11,268

 
Net income (loss)
$
66,461

 
$
(9,264
)
 
$
39,570

 
$
15,376

 
Basic earnings per share
$
1.21

 
$
(0.17
)
 
$
0.72

 
$
0.28

 
Diluted earnings per share
$
1.21

 
$
(0.17
)
(1) 
$
0.72

 
$
0.28

 
Dividends paid per share
$
0.6125

 
$
0.6125

 
$
0.6125

  
$
0.6150

 
 __________
(1)
The dilutive impact of incremental shares is excluded from net loss position in accordance with GAAP.
(2)
The basic and diluted earnings per share do not sum due to rounding.