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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Gross written premiums $ 332,128 $ 322,987 $ 725,350 $ 666,136
Revenues:        
Net written premiums 198,469 190,252 467,921 433,297
Change in unearned premiums 7,345 5,765 (59,779) (54,161)
Net earned premiums 205,814 196,017 408,142 379,136
Net investment income 14,246 15,777 27,903 27,035
Total other-than-temporary impairment losses   (496) (42) (693)
Portion of loss recognized in other comprehensive income (before tax)       43
Net other-than-temporary impairment losses recognized in earnings   (496) (42) (650)
Net realized gains (losses) 3,345 4,217 8,159 6,059
Other income (expense) (915) 387 (297) 1,298
Total revenues 222,490 215,902 443,865 412,878
Expenses:        
Net losses and loss adjustment expenses 131,148 123,407 262,490 241,392
Commission expenses 28,391 29,503 54,946 58,953
Other operating expenses 40,678 39,819 81,552 76,126
Interest expense 2,052 2,049 4,103 4,098
Total expenses 202,269 194,778 403,091 380,569
Income (loss) before income taxes 20,221 21,124 40,774 32,309
Income tax expense (benefit) 6,284 6,225 12,927 9,506
Net income (loss) $ 13,937 $ 14,899 $ 27,847 $ 22,803
Net income per common share:        
Basic $ 0.99 $ 1.06 $ 1.97 $ 1.63
Diluted $ 0.97 $ 1.05 $ 1.93 $ 1.60
Average common shares outstanding:        
Basic 14,131,422 14,006,361 14,108,747 13,992,901
Diluted 14,428,117 14,208,759 14,434,232 14,245,947