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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Gross written premiums $ 348,795 $ 332,128 $ 771,585 $ 725,350
Revenues:        
Net written premiums 231,864 198,469 543,714 467,921
Change in unearned premiums (780) 7,345 (87,358) (59,779)
Net earned premiums 231,084 205,814 456,356 408,142
Net investment income 15,648 14,246 32,258 27,903
Total other-than-temporary impairment losses       (42)
Portion of loss recognized in other comprehensive income (before tax)            
Net other-than-temporary impairment losses recognized in earnings       (42)
Net realized gains (losses) 4,473 3,345 5,306 8,159
Other income (expense) (1,665) (915) 8,734 (297)
Total revenues 249,540 222,490 502,654 443,865
Expenses:        
Net losses and loss adjustment expenses 140,220 131,148 275,287 262,490
Commission expenses 32,150 28,391 57,877 54,946
Other operating expenses 47,992 40,678 95,138 81,552
Interest expense 4,319 2,052 8,171 4,103
Total expenses 224,681 202,269 436,473 403,091
Income (loss) before income taxes 24,859 20,221 66,181 40,774
Income tax expense (benefit) 7,998 6,284 21,352 12,927
Net income $ 16,861 $ 13,937 $ 44,829 $ 27,847
Net income per common share:        
Basic $ 1.18 $ 0.99 $ 3.15 $ 1.97
Diluted $ 1.17 $ 0.97 $ 3.11 $ 1.93
Average common shares outstanding:        
Basic 14,259,753 14,131,422 14,246,701 14,108,747
Diluted 14,377,476 14,428,117 14,401,740 14,434,232