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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Gross written premiums $ 312,076 $ 298,742 $ 1,037,426 $ 964,878
Revenues:        
Net written premiums 196,556 188,046 664,477 621,343
Change in unearned premiums 17,339 13,216 (42,440) (40,945)
Net earned premiums 213,895 201,262 622,037 580,398
Net investment income 14,094 13,597 41,997 40,632
Total other-than-temporary impairment losses (1,821)   (1,863) (693)
Portion of loss recognized in other comprehensive income (before tax)       43
Net other-than-temporary impairment losses recognized in earnings (1,821)   (1,863) (650)
Net realized gains (losses) (988) 4,761 7,171 10,820
Other income (expense) (210) 789 (507) 2,087
Total revenues 224,970 220,409 668,835 633,287
Expenses:        
Net losses and loss adjustment expenses 125,086 128,850 387,576 370,242
Commission expenses 27,685 31,258 82,631 90,211
Other operating expenses 39,056 40,112 120,608 116,238
Interest expense 2,053 2,049 6,156 6,147
Total expenses 193,880 202,269 596,971 582,838
Income (loss) before income taxes 31,090 18,140 71,864 50,449
Income tax expense (benefit) 9,804 5,225 22,731 14,731
Net income (loss) $ 21,286 $ 12,915 $ 49,133 $ 35,718
Net income per common share:        
Basic $ 1.50 $ 0.92 $ 3.48 $ 2.55
Diluted $ 1.48 $ 0.90 $ 3.42 $ 2.51
Average common shares outstanding:        
Basic 14,144,478 14,026,855 14,120,788 14,004,302
Diluted 14,408,413 14,272,477 14,379,943 14,255,301