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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Gross written premiums $ 333,299us-gaap_PremiumsWrittenGross $ 327,469us-gaap_PremiumsWrittenGross $ 348,795us-gaap_PremiumsWrittenGross $ 422,790us-gaap_PremiumsWrittenGross $ 333,091us-gaap_PremiumsWrittenGross $ 312,076us-gaap_PremiumsWrittenGross $ 332,128us-gaap_PremiumsWrittenGross $ 393,222us-gaap_PremiumsWrittenGross $ 1,432,353us-gaap_PremiumsWrittenGross $ 1,370,517us-gaap_PremiumsWrittenGross $ 1,286,465us-gaap_PremiumsWrittenGross
Revenues:                      
Net written premiums 228,007us-gaap_PremiumsWrittenNet 228,417us-gaap_PremiumsWrittenNet 231,864us-gaap_PremiumsWrittenNet 311,850us-gaap_PremiumsWrittenNet 223,445us-gaap_PremiumsWrittenNet 196,556us-gaap_PremiumsWrittenNet 198,469us-gaap_PremiumsWrittenNet 269,452us-gaap_PremiumsWrittenNet 1,000,138us-gaap_PremiumsWrittenNet 887,922us-gaap_PremiumsWrittenNet 833,655us-gaap_PremiumsWrittenNet
Change in unearned premiums 6,165us-gaap_IncreaseDecreaseInUnearnedPremiumsNet 16,950us-gaap_IncreaseDecreaseInUnearnedPremiumsNet (780)us-gaap_IncreaseDecreaseInUnearnedPremiumsNet (86,578)us-gaap_IncreaseDecreaseInUnearnedPremiumsNet (3,543)us-gaap_IncreaseDecreaseInUnearnedPremiumsNet 17,339us-gaap_IncreaseDecreaseInUnearnedPremiumsNet 7,345us-gaap_IncreaseDecreaseInUnearnedPremiumsNet (67,124)us-gaap_IncreaseDecreaseInUnearnedPremiumsNet (64,243)us-gaap_IncreaseDecreaseInUnearnedPremiumsNet (45,983)us-gaap_IncreaseDecreaseInUnearnedPremiumsNet (51,691)us-gaap_IncreaseDecreaseInUnearnedPremiumsNet
Net earned premiums 234,172us-gaap_PremiumsEarnedNet 245,367us-gaap_PremiumsEarnedNet 231,084us-gaap_PremiumsEarnedNet 225,272us-gaap_PremiumsEarnedNet 219,902us-gaap_PremiumsEarnedNet 213,895us-gaap_PremiumsEarnedNet 205,814us-gaap_PremiumsEarnedNet 202,328us-gaap_PremiumsEarnedNet 935,895us-gaap_PremiumsEarnedNet 841,939us-gaap_PremiumsEarnedNet 781,964us-gaap_PremiumsEarnedNet
Net investment income 16,071us-gaap_NetInvestmentIncome 15,839us-gaap_NetInvestmentIncome 15,648us-gaap_NetInvestmentIncome 16,610us-gaap_NetInvestmentIncome 14,254us-gaap_NetInvestmentIncome 14,094us-gaap_NetInvestmentIncome 14,246us-gaap_NetInvestmentIncome 13,657us-gaap_NetInvestmentIncome 64,168us-gaap_NetInvestmentIncome 56,251us-gaap_NetInvestmentIncome 54,248us-gaap_NetInvestmentIncome
Total other-than-temporary impairment losses (21)us-gaap_ImpairmentOfInvestments 158us-gaap_ImpairmentOfInvestments     (530)us-gaap_ImpairmentOfInvestments (1,821)us-gaap_ImpairmentOfInvestments   (42)us-gaap_ImpairmentOfInvestments 137us-gaap_ImpairmentOfInvestments (2,393)us-gaap_ImpairmentOfInvestments (902)us-gaap_ImpairmentOfInvestments
Portion of loss recognized in other comprehensive income (before tax) 21us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent (158)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent             (137)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent   44us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
Net other-than-temporary impairment losses recognized in earnings         (530)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet (1,821)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet   (42)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet   (2,393)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet (858)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
Net realized gains (losses) 788us-gaap_RealizedInvestmentGainsLosses 6,718us-gaap_RealizedInvestmentGainsLosses 4,473us-gaap_RealizedInvestmentGainsLosses 833us-gaap_RealizedInvestmentGainsLosses 15,768us-gaap_RealizedInvestmentGainsLosses (988)us-gaap_RealizedInvestmentGainsLosses 3,345us-gaap_RealizedInvestmentGainsLosses 4,814us-gaap_RealizedInvestmentGainsLosses 12,812us-gaap_RealizedInvestmentGainsLosses 22,939us-gaap_RealizedInvestmentGainsLosses 41,074us-gaap_RealizedInvestmentGainsLosses
Other income (expense) 586us-gaap_OtherOperatingIncomeExpenseNet 1,336us-gaap_OtherOperatingIncomeExpenseNet (1,665)us-gaap_OtherOperatingIncomeExpenseNet 10,399us-gaap_OtherOperatingIncomeExpenseNet (665)us-gaap_OtherOperatingIncomeExpenseNet (210)us-gaap_OtherOperatingIncomeExpenseNet (915)us-gaap_OtherOperatingIncomeExpenseNet 618us-gaap_OtherOperatingIncomeExpenseNet 10,656us-gaap_OtherOperatingIncomeExpenseNet (1,172)us-gaap_OtherOperatingIncomeExpenseNet 1,488us-gaap_OtherOperatingIncomeExpenseNet
Total revenues 251,617us-gaap_Revenues 269,260us-gaap_Revenues 249,540us-gaap_Revenues 253,114us-gaap_Revenues 248,729us-gaap_Revenues 224,970us-gaap_Revenues 222,490us-gaap_Revenues 221,375us-gaap_Revenues 1,023,531us-gaap_Revenues 917,564us-gaap_Revenues 877,916us-gaap_Revenues
Expenses:                      
Net losses and loss adjustment expenses 134,658us-gaap_IncurredClaimsPropertyCasualtyAndLiability 135,284us-gaap_IncurredClaimsPropertyCasualtyAndLiability 140,220us-gaap_IncurredClaimsPropertyCasualtyAndLiability 135,067us-gaap_IncurredClaimsPropertyCasualtyAndLiability 131,385us-gaap_IncurredClaimsPropertyCasualtyAndLiability 125,086us-gaap_IncurredClaimsPropertyCasualtyAndLiability 131,148us-gaap_IncurredClaimsPropertyCasualtyAndLiability 131,342us-gaap_IncurredClaimsPropertyCasualtyAndLiability 545,229us-gaap_IncurredClaimsPropertyCasualtyAndLiability 518,961us-gaap_IncurredClaimsPropertyCasualtyAndLiability 497,433us-gaap_IncurredClaimsPropertyCasualtyAndLiability
Commission expenses 33,708us-gaap_InsuranceCommissions 33,943us-gaap_InsuranceCommissions 32,150us-gaap_InsuranceCommissions 25,727us-gaap_InsuranceCommissions 30,863us-gaap_InsuranceCommissions 27,685us-gaap_InsuranceCommissions 28,391us-gaap_InsuranceCommissions 26,555us-gaap_InsuranceCommissions 125,528us-gaap_InsuranceCommissions 113,494us-gaap_InsuranceCommissions 121,470us-gaap_InsuranceCommissions
Other operating expenses 51,299us-gaap_OperatingExpenses 50,388us-gaap_OperatingExpenses 47,992us-gaap_OperatingExpenses 47,146us-gaap_OperatingExpenses 43,826us-gaap_OperatingExpenses 39,056us-gaap_OperatingExpenses 40,678us-gaap_OperatingExpenses 40,874us-gaap_OperatingExpenses 196,825us-gaap_OperatingExpenses 164,434us-gaap_OperatingExpenses 159,079us-gaap_OperatingExpenses
Call premium on Senior Notes         17,895us-gaap_GainsLossesOnExtinguishmentOfDebt         17,895us-gaap_GainsLossesOnExtinguishmentOfDebt  
Interest expense 3,854us-gaap_InterestExpense 3,388us-gaap_InterestExpense 4,319us-gaap_InterestExpense 3,852us-gaap_InterestExpense 4,351us-gaap_InterestExpense 2,053us-gaap_InterestExpense 2,052us-gaap_InterestExpense 2,051us-gaap_InterestExpense 15,413us-gaap_InterestExpense 10,507us-gaap_InterestExpense 8,198us-gaap_InterestExpense
Total expenses 223,519us-gaap_CostsAndExpenses 223,003us-gaap_CostsAndExpenses 224,681us-gaap_CostsAndExpenses 211,792us-gaap_CostsAndExpenses 228,320us-gaap_CostsAndExpenses 193,880us-gaap_CostsAndExpenses 202,269us-gaap_CostsAndExpenses 200,822us-gaap_CostsAndExpenses 882,995us-gaap_CostsAndExpenses 825,291us-gaap_CostsAndExpenses 786,180us-gaap_CostsAndExpenses
Income (loss) before income taxes 28,098us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 46,257us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 24,859us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 41,322us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 20,409us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 31,090us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 20,221us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 20,553us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 140,536us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 92,273us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 91,736us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (benefit) 8,823us-gaap_IncomeTaxExpenseBenefit 15,032us-gaap_IncomeTaxExpenseBenefit 7,998us-gaap_IncomeTaxExpenseBenefit 13,354us-gaap_IncomeTaxExpenseBenefit 6,076us-gaap_IncomeTaxExpenseBenefit 9,804us-gaap_IncomeTaxExpenseBenefit 6,284us-gaap_IncomeTaxExpenseBenefit 6,643us-gaap_IncomeTaxExpenseBenefit 45,207us-gaap_IncomeTaxExpenseBenefit 28,807us-gaap_IncomeTaxExpenseBenefit 27,974us-gaap_IncomeTaxExpenseBenefit
Net income $ 19,275us-gaap_NetIncomeLoss $ 31,225us-gaap_NetIncomeLoss $ 16,861us-gaap_NetIncomeLoss $ 27,968us-gaap_NetIncomeLoss $ 14,333us-gaap_NetIncomeLoss $ 21,286us-gaap_NetIncomeLoss $ 13,937us-gaap_NetIncomeLoss $ 13,910us-gaap_NetIncomeLoss $ 95,329us-gaap_NetIncomeLoss $ 63,466us-gaap_NetIncomeLoss $ 63,762us-gaap_NetIncomeLoss
Net income per common share:                      
Basic $ 1.35us-gaap_EarningsPerShareBasic $ 2.19us-gaap_EarningsPerShareBasic $ 1.18us-gaap_EarningsPerShareBasic $ 1.96us-gaap_EarningsPerShareBasic $ 1.01us-gaap_EarningsPerShareBasic $ 1.50us-gaap_EarningsPerShareBasic $ 0.99us-gaap_EarningsPerShareBasic $ 0.99us-gaap_EarningsPerShareBasic $ 6.69us-gaap_EarningsPerShareBasic $ 4.49us-gaap_EarningsPerShareBasic $ 4.54us-gaap_EarningsPerShareBasic
Diluted $ 1.31us-gaap_EarningsPerShareDiluted $ 2.14us-gaap_EarningsPerShareDiluted $ 1.17us-gaap_EarningsPerShareDiluted $ 1.94us-gaap_EarningsPerShareDiluted $ 1.00us-gaap_EarningsPerShareDiluted $ 1.48us-gaap_EarningsPerShareDiluted $ 0.97us-gaap_EarningsPerShareDiluted $ 0.97us-gaap_EarningsPerShareDiluted $ 6.51us-gaap_EarningsPerShareDiluted $ 4.42us-gaap_EarningsPerShareDiluted $ 4.45us-gaap_EarningsPerShareDiluted
Average common shares outstanding:                      
Basic                 14,259,768us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 14,133,925us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 14,052,311us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted                 14,646,369us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 14,345,553us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 14,327,820us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding