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Unaudited Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues    
Net premiums earned $ 61,551 $ 57,601
Net investment income 2,422 2,653
Commissions and other income 1,506 1,607
Net realized gains (losses) on investments 5,381 (1,469)
Total revenues 70,860 60,392
Expenses    
Losses and loss expenses incurred 34,904 65,673
Other operating expenses 18,957 18,436
Total expenses 53,861 84,109
Income (loss) before federal income taxes 16,999 (23,717)
Federal income taxes (benefits) 5,493 (8,519)
Net income (loss) $ 11,506 $ (15,198)
Per share data:    
Basic and diluted earnings (losses) (in dollars per share) $ 0.78 $ (1.02)
Dividends paid to shareholders (in dollars per share) $ 0.25 $ 0.25
Reconciliation of shares outstanding:    
Average shares outstanding - basic (in shares) 14,826 14,802
Dilutive effect of share equivalents (in shares) 16 20
Average shares outstanding - diluted (in shares) 14,842 14,822