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UNAUDITED INTERIM FINANCIAL INFORMATION
 12 Months Ended
Dec. 31, 2016
UNAUDITED INTERIM FINANCIAL INFORMATION  
UNAUDITED INTERIM FINANCIAL INFORMATION

12. UNAUDITED INTERIM FINANCIAL INFORMATION

 

Select unaudited quarterly information is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands, except per share data)

    

First

    

Second

    

Third

    

Fourth

    

Year

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net premiums earned

 

$
176,918

 

$
180,226

 

$
183,595

 

$
187,869

 

$
728,608

 

Net investment income

 

 
13,370

 

 
13,048

 

 
13,504

 

 
13,153

 

 
53,075

 

Net realized gains

 

 
11,400

 

 
2,710

 

 
9,252

 

 
11,283

 

 
34,645

 

Earnings before income taxes

 

 
45,593

 

 
42,341

 

 
31,142

 

 
38,006

 

 
157,082

 

Net earnings

 

 
31,393

 

 
29,077

 

 
22,263

 

 
32,187

 

 
114,920

 

Basic earnings per share(1)

 

$
0.72

 

$
0.67

 

$
0.51

 

$
0.73

 

$
2.63

 

Diluted earnings per share(1)

 

$
0.71

 

$
0.65

 

$
0.50

 

$
0.72

 

$
2.59

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net premiums earned

 

$
169,003

 

$
172,339

 

$
179,448

 

$
179,371

 

$
700,161

 

Net investment income

 

 
13,495

 

 
13,431

 

 
13,964

 

 
13,754

 

 
54,644

 

Net realized gains

 

 
13,286

 

 
4,802

 

 
7,534

 

 
14,207

 

 
39,829

 

Earnings before income taxes

 

 
44,513

 

 
54,650

 

 
51,937

 

 
45,582

 

 
196,682

 

Net earnings

 

 
30,598

 

 
37,185

 

 
35,908

 

 
33,853

 

 
137,544

 

Basic earnings per share(1)

 

$
0.71

 

$
0.86

 

$
0.83

 

$
0.78

 

$
3.18

 

Diluted earnings per share(1)

 

$
0.70

 

$
0.84

 

$
0.81

 

$
0.76

 

$
3.12

 

(1)

Since the weighted-average shares for the quarters are calculated independently of the weighted-average shares for the year, quarterly earnings per share may not total to annual earnings per share.