XML 35 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Gross written premiums $ 354,062 $ 327,469 $ 1,129,993 $ 1,099,054
Revenues:        
Net written premiums 251,939 228,417 799,141 772,131
Change in unearned premiums 2,143 16,950 (66,599) (70,408)
Net earned premiums 254,082 245,367 732,542 701,723
Net investment income 17,371 15,839 50,219 48,097
Net realized gains (losses):        
Total other-than-temporary impairment losses (1,298) (41) (1,747) 158
Portion of loss recognized in other comprehensive income (before tax) 23 41 49 (158)
Net other-than-temporary impairment losses recognized in earnings (1,275) 0 (1,698) 0
Other realized gains (losses) 518 6,718 10,453 12,024
Net realized gains (losses) (757) 6,718 8,755 12,024
Other income (loss) (2,518) 1,336 (4,638) 10,070
Total revenues 268,178 269,260 786,878 771,914
Expenses:        
Net losses and loss adjustment expenses 146,546 135,284 418,717 410,571
Commission expenses 34,253 33,943 98,638 91,820
Other operating expenses 56,599 50,388 164,297 145,526
Interest expense 3,856 3,388 11,567 11,559
Total expenses 241,254 223,003 693,219 659,476
Income before income taxes 26,924 46,257 93,659 112,438
Income tax expense 8,723 15,032 30,345 36,384
Net income $ 18,201 $ 31,225 $ 63,314 $ 76,054
Net income per common share:        
Basic $ 1.26 $ 2.19 $ 4.40 $ 5.34
Diluted $ 1.23 $ 2.14 $ 4.29 $ 5.22
Average common shares outstanding:        
Basic 14,411,927 14,265,260 14,384,291 14,252,910
Diluted 14,811,095 14,613,744 14,767,949 14,577,297