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Unaudited Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Net premiums earned $ 59,655 $ 62,344 $ 121,206 $ 119,945
Net investment income 2,431 2,644 4,853 5,297
Commissions and other income 1,623 1,566 3,128 3,173
Net realized gains (losses) on investments, excluding impairment losses (5,108) (1,845) 272 (3,314)
Total other-than-temporary impairment losses on investments (345) (118) (345) (118)
Net realized losses on investments (5,453) (1,963) (73) (3,432)
Total revenue 58,256 64,591 129,114 124,983
Expenses        
Losses and loss expenses incurred 33,739 55,166 68,643 120,839
Other operating expenses 19,257 18,117 38,213 36,553
Total expenses 52,996 73,283 106,856 157,392
Income (loss) before federal income taxes 5,260 (8,692) 22,258 (32,409)
Federal income taxes (benefits) 1,210 (3,188) 6,702 (11,707)
Net income (loss) $ 4,050 $ (5,504) $ 15,556 $ (20,702)
Per share data:        
Basic and diluted earnings (losses) (in dollars per share) $ 0.27 $ (0.38) $ 1.05 $ (1.4)
Dividends paid to shareholders (in dollars per share) $ 0.25 $ 0.25 $ 0.50 $ 0.50
Reconciliation of shares outstanding:        
Average shares outstanding - basic (in shares) 14,837 14,819 14,832 14,810
Dilutive effect of share equivalents (in shares) 23 15 24 21
Average shares outstanding - diluted (in shares) 14,860 14,834 14,856 14,831