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Unaudited Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Net premiums earned $ 68,726 $ 65,449 $ 135,635 $ 131,895
Net investment income 3,549 2,898 6,988 5,713
Commissions and other income 1,463 1,501 2,828 2,798
Net realized gains (losses) on investments, excluding impairment losses 1,375 (273) 12,447 3,684
Total other-than-temporary impairment losses on investments (1,095) (893) (3,155) (1,107)
Net realized gains (losses) on investments 280 (1,166) 9,292 2,577
Total revenue 74,018 68,682 154,743 142,983
Expenses        
Losses and loss expenses incurred 42,666 37,031 81,289 78,678
Other operating expenses 22,437 23,221 43,101 46,584
Total expenses 65,103 60,252 124,390 125,262
Income before federal income taxes 8,915 8,430 30,353 17,721
Federal income taxes 2,946 2,712 10,272 5,760
Net income $ 5,969 $ 5,718 $ 20,081 $ 11,961
Per share data:        
Basic and diluted earnings (in dollars per share) $ 0.40 $ 0.38 $ 1.33 $ 0.79
Dividends paid to shareholders (in dollars per share) $ 0.26 $ 0.25 $ 0.52 $ 0.50
Reconciliation of shares outstanding:        
Average shares outstanding - basic (in shares) 15,075 15,017 15,060 15,005
Dilutive effect of share equivalents (in shares) 9 8 24 20
Average shares outstanding - diluted (in shares) 15,084 15,025 15,084 15,025