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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Gross written premiums $ 327,469 $ 312,076 $ 1,099,054 $ 1,037,426
Revenues:        
Net written premiums 228,417 196,556 772,131 664,477
Change in unearned premiums 16,950 17,339 (70,408) (42,440)
Net earned premiums 245,367 213,895 701,723 622,037
Net investment income 15,839 14,094 48,097 41,997
Total other-than-temporary impairment losses (41) (1,821) 158 (1,863)
Portion of loss recognized in other comprehensive income (before tax) 41   (158)  
Net other-than-temporary impairment losses recognized in earnings   (1,821)   (1,863)
Net realized gains (losses) 6,718 (988) 12,024 7,171
Other income (expense) 1,336 (210) 10,070 (507)
Total revenues 269,260 224,970 771,914 668,835
Expenses:        
Net losses and loss adjustment expenses 135,284 125,086 410,571 387,576
Commission expenses 33,943 27,685 91,820 82,631
Other operating expenses 50,388 39,056 145,526 120,608
Interest expense 3,388 2,053 11,559 6,156
Total expenses 223,003 193,880 659,476 596,971
Income (loss) before income taxes 46,257 31,090 112,438 71,864
Income tax expense 15,032 9,804 36,384 22,731
Net income $ 31,225 $ 21,286 $ 76,054 $ 49,133
Net income per common share:        
Basic $ 2.19 $ 1.50 $ 5.34 $ 3.48
Diluted $ 2.14 $ 1.48 $ 5.22 $ 3.42
Average common shares outstanding:        
Basic 14,265,260 14,144,478 14,252,910 14,120,788
Diluted 14,613,744 14,408,413 14,577,297 14,379,943