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Consolidated Statement of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUE        
Net earned premium $ 556,668 $ 563,650 $ 1,679,210 $ 1,676,122
Other revenue 79,809 68,023 221,064 197,362
Net investment income 54,208 56,342 165,641 166,642
Other operating income 7,679 10,840 24,308 23,229
Net realized investment gain 17,922 1,472 31,115 8,519
Other-than-temporary impairment credit losses 0 (631) 0 (1,028)
Total revenue 636,477 631,673 1,900,274 1,873,484
EXPENSE        
Net loss and loss adjustment expense 320,376 304,014 992,547 969,767
Policy acquisition costs, net 65,642 67,620 203,387 211,554
Other expense 176,001 174,040 491,400 498,819
Other operating expense 103,785 100,458 268,357 268,164
Interest expense 6,574 5,962 19,656 19,101
Total expense 496,377 478,054 1,483,947 1,468,586
Earnings before income taxes 140,100 153,619 416,327 404,898
Income tax expense 41,925 46,557 124,140 121,759
Net earnings $ 98,175 $ 107,062 $ 292,187 $ 283,139
Earnings per common share        
Basic $ 0.98 $ 1.06 $ 2.91 $ 2.77
Diluted $ 0.98 $ 1.05 $ 2.90 $ 2.76