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Consolidated Statement of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUE        
Net earned premium $ 641,840 $ 572,248 $ 1,242,403 $ 1,134,860
Net investment income 54,738 56,438 108,220 113,244
Other operating income 9,700 9,983 18,919 19,249
Net realized investment gain 573 4,905 13,759 25,151
Total revenue 706,851 643,574 1,383,301 1,292,504
EXPENSE        
Loss and loss adjustment expense, net 395,305 335,897 760,467 666,643
Policy acquisition costs, net 78,459 72,970 153,670 142,011
Other operating expense 111,266 90,198 188,749 177,250
Interest expense 7,264 6,865 15,030 13,984
Total expense 592,294 505,930 1,117,916 999,888
Earnings before income taxes 114,557 137,644 265,385 292,616
Income tax expense 34,140 40,508 72,051 87,569
Net earnings $ 80,417 $ 97,136 $ 193,334 $ 205,047
Earnings per common share        
Basic $ 0.84 $ 0.97 $ 2.02 $ 2.05
Diluted $ 0.84 $ 0.97 $ 2.01 $ 2.04