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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Direct earned premiums $ 63,547 $ 62,498 $ 184,670 $ 180,955
Assumed earned premiums 15,088 12,287 44,212 37,422
Ceded earned premiums (15,540) (15,793) (42,358) (45,866)
Net earned premiums 63,095 58,992 186,524 172,511
Net investment income 7,364 8,196 22,577 23,682
Realized gains 5,693 10 5,732 11,311
Fee income 1,251 843 2,636 2,494
Other income 12 12 37 35
Total revenues 77,415 68,053 217,506 210,033
Expenses:        
Losses and loss adjustment expenses 40,289 35,867 118,389 117,997
Acquisition expenses 15,971 13,689 45,052 38,683
Other underwriting expenses 12,396 10,941 35,159 31,309
Interest expense 415 375 1,200 1,116
Corporate and other expenses 916 284 3,020 2,136
Total expenses 69,987 61,156 202,820 191,241
Earnings before income taxes 7,428 6,897 14,686 18,792
Income tax expense 1,350 1,169 2,222 588
Net earnings 6,078 5,728 12,464 18,204
Less: Net earnings (loss) attributable to the non-controlling interest (128) (69) 35 454
Net earnings attributable to ASIH, Ltd. $ 6,206 $ 5,797 $ 12,429 $ 17,750
Net earnings per share:        
Basic $ 0.61 $ 0.56 $ 1.22 $ 1.70
Diluted $ 0.60 $ 0.54 $ 1.18 $ 1.65
Weighted average number of shares outstanding:        
Basic 10,113,871 10,377,890 10,196,538 10,416,979
Diluted 10,420,777 10,701,959 10,502,816 10,751,312