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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Gross written premiums $ 412,565 $ 379,471 $ 826,442 $ 775,931
Revenues:        
Net written premiums 306,535 258,244 626,355 547,202
Change in unearned premiums (38,543) (15,916) (94,005) (68,742)
Net earned premiums 267,992 242,328 532,350 478,460
Net investment income 19,875 16,595 39,469 32,848
Total other-than-temporary impairment losses (162) (472) (271) (450)
Portion of loss recognized in other comprehensive income (before tax) 12 49 121 27
Net other-than-temporary impairment losses recognized in earnings (150) (423) (150) (423)
Net realized gains (losses) 1,960 4,339 3,557 9,935
Other income (expenses) 4,430 (4,362) 6,979 (2,120)
Total revenues 294,107 258,477 582,205 518,700
Expenses:        
Net losses and loss adjustment expenses 167,206 141,973 320,162 272,171
Commission expenses 40,726 31,480 78,280 64,385
Other operating expenses 59,074 52,789 119,883 107,698
Interest expense 3,858 3,856 7,716 7,711
Total expenses 270,864 230,098 526,041 451,965
Income before income taxes 23,243 28,379 56,164 66,735
Income tax expense (benefit) 7,053 9,195 17,042 21,622
Net income $ 16,190 $ 19,184 $ 39,122 $ 45,113
Net income per common share:        
Basic $ 1.11 $ 1.33 $ 2.70 $ 3.14
Diluted $ 1.08 $ 1.30 $ 2.62 $ 3.06
Average common shares outstanding:        
Basic 14,536,849 14,396,048 14,514,532 14,370,123
Diluted 14,976,593 14,763,002 14,942,193 14,726,282