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Unaudited Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Net premiums earned $ 66,909 $ 66,446
Net investment income 3,440 2,815
Commissions and other income 1,364 1,297
Net realized gains on investments, excluding impairment losses 11,072 3,957
Total other-than-temporary impairment losses on investments (2,060) (214)
Net realized gains on investments 9,012 3,743
Total revenue 80,725 74,301
Expenses    
Losses and loss expenses incurred 38,623 41,646
Other operating expenses 20,664 23,364
Total expenses 59,287 65,010
Income before federal income taxes 21,438 9,291
Federal income taxes 7,326 3,048
Net income $ 14,112 $ 6,243
Per share data:    
Basic and diluted earnings (in dollars per share) $ 0.94 $ 0.42
Dividends paid to shareholders (in dollars per share) $ 0.26 $ 0.25
Reconciliation of shares outstanding:    
Average shares outstanding - basic (in shares) 15,044 14,994
Dilutive effect of share equivalents (in shares) 32 24
Average shares outstanding - diluted (in shares) 15,076 15,018