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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Gross written premiums $ 1,108,216 $ 987,201 $ 1,044,918
Revenues:      
Net written premiums 753,798 653,938 701,255
Change in unearned premiums (62,153) 5,993 (17,892)
Net earned premiums 691,645 659,931 683,363
Net investment income 63,500 71,662 75,512
Total other-than-temporary impairment losses (3,617) (2,222) (29,265)
Portion of loss recognized in other comprehensive income (before tax) 1,632 1,142 17,388
Net other-than-temporary impairment losses recognized in earnings (1,985) (1,080) (11,877)
Net realized gains (losses) 11,996 41,319 9,217
Other income (expense) 1,229 5,143 6,665
Total revenues 766,385 776,975 762,880
Expenses:      
Net losses and loss adjustment expenses 476,997 421,155 435,998
Commission expenses 110,437 109,113 98,908
Other operating expenses 138,029 139,700 132,671
Interest expense 8,188 8,178 8,455
Total expenses 733,651 678,146 676,032
Income (loss) before income taxes 32,734 98,829 86,848
Income tax expense (benefit) 7,137 29,251 23,690
Net income (loss) $ 25,597 $ 69,578 $ 63,158
Net income per common share:      
Basic $ 1.71 $ 4.33 $ 3.73
Diluted $ 1.69 $ 4.24 $ 3.65
Average common shares outstanding:      
Basic 14,980,429 16,064,770 16,935,488
Diluted 15,183,285 16,415,266 17,322,020