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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenue:      
Net premiums earned $ 244,570 $ 214,738 $ 181,300
Net investment income 10,729 11,335 13,971
Commissions and other income 6,098 6,911 6,562
Net realized gains (losses) on investments, excluding impairment losses (15,897) 16,527 33,662
Total other-than-temporary impairment losses on investments (1,987) (42) (2,846)
Portion of other-than-temporary impairment losses recognized in other comprehensive income 81 0 0
Net realized gains (losses) on investments (17,803) 16,485 30,816
Total revenue 243,594 249,469 232,649
Expenses:      
Losses and loss expenses incurred 215,555 145,952 99,351
Other operating expenses 73,328 68,704 69,032
Total expenses 288,883 214,656 168,383
Income (loss) before federal income taxes (45,289) 34,813 64,266
Federal income taxes (benefits) (17,114) 9,798 19,464
Net income (loss) $ (28,175) $ 25,015 $ 44,802
Per share data:      
Diluted earnings (losses) (in dollars per share) $ (1.90) $ 1.69 $ 3.04
Basic earnings (losses) (in dollars per share) $ (1.90) $ 1.69 $ 3.04
Cash dividends paid (in dollars per share) $ 1.00 $ 2.25 $ 1.00