The following is a summary of quarterly financial data for the periods indicated:

	March 31,			June 30,			September 30,			December 31,
amounts in thousands, except per share amounts	2015			2015			2015			2015
Gross written premiums	$	396,460		$	379,471		$	354,062		$	323,509
Revenues:
Net written premiums	$	288,958		$	258,244		$	251,939		$	244,719
Change in unearned premiums		(52,826	)		(15,916	)		2,143			6,826
Net earned premiums	$	236,132		$	242,328		$	254,082		$	251,545
Net investment income		16,253			16,595			17,371			18,499
Total other-than-temporary impairment losses		—			(423	)		(1,298	)		(123	)
Portion of loss recognized in other comprehensive income (before tax)		—			—			23			123
Net other-than-temporary impairment losses recognized in earnings		—			(423	)		(1,275	)		—
Net realized gains (losses)		5,596			4,339			518			(2,080	)
Other income (expense)		2,242			(4,362	)		(2,518	)		4,147
Total revenues	$	260,223		$	258,477		$	268,178		$	272,111

Expenses:
Net losses and LAE	$	130,198		$	141,973		$	146,546		$	153,881
Commission expenses		32,905			31,480			34,253			31,339
Other operating expenses		54,909			52,789			56,599			59,219
Interest expense		3,855			3,856			3,856			3,857
Total expenses	$	221,867		$	230,098		$	241,254		$	248,296
Income before income taxes		38,356			28,379			26,924			23,815
Income tax expense	$	12,427		$	9,195		$	8,723		$	6,072
Net income	$	25,929		$	19,184		$	18,201		$	17,743

Comprehensive income (loss)	$	27,052		$	(3,789	)	$	18,849		$	15,990

Combined ratio		92.3	%		93.4	%		93.4	%		97.2	%
Net income per share:
Basic	$	1.81		$	1.33		$	1.26		$	1.23
Diluted	$	1.77		$	1.30		$	1.23		$	1.19

	March 31,			June 30,			September 30,			December 31,
amounts in thousands, except per share amounts	2014			2014			2014			2014
Gross written premiums	$	422,790		$	348,795		$	327,469		$	333,299
Revenues:
Net written premiums	$	311,850		$	231,864		$	228,417		$	228,007
Change in unearned premiums		(86,578	)		(780	)		16,950			6,165
Net earned premiums	$	225,272		$	231,084		$	245,367		$	234,172
Net investment income		16,610			15,648			15,839			16,071
Total other-than-temporary impairment losses		—			—			158			(21	)
Portion of loss recognized in other comprehensive income (before tax)		—			—			(158	)		21
Net other-than-temporary impairment losses recognized in earnings		—			—			—			—
Net realized gains		833			4,473			6,718			788
Other income (expense)		10,399			(1,665	)		1,336			586
Total revenues	$	253,114		$	249,540		$	269,260		$	251,617

Expenses:
Net losses and LAE	$	135,067		$	140,220		$	135,284		$	134,658
Commission expenses		25,727			32,150			33,943			33,708
Other operating expenses		47,146			47,992			50,388			51,299
Interest expense		3,852			4,319			3,388			3,854
Total expenses	$	211,792		$	224,681		$	223,003		$	223,519
Income before income taxes		41,322			24,859			46,257			28,098
Income tax expense	$	13,354		$	7,998		$	15,032		$	8,823
Net income	$	27,968		$	16,861		$	31,225		$	19,275

Comprehensive income	$	32,920		$	32,965		$	20,628		$	27,015

Combined ratio		92.2	%		95.3	%		89.5	%		93.8	%
Net income per share:
Basic	$	1.96		$	1.18		$	2.19		$	1.35
Diluted	$	1.94		$	1.17		$	2.14		$	1.31