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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Net premiums earned $ 73,974 $ 66,909
Net investment income 3,692 3,440
Commissions and other income 981 1,364
Net realized gains on investments 6,294 11,072
Total other-than-temporary impairment losses on investments 0 (2,060)
Net realized gains on investments 6,294 9,012
Total revenues 84,941 80,725
Expenses    
Losses and loss expenses incurred 48,599 38,623
Other operating expenses 26,164 20,664
Total expenses 74,763 59,287
Income before federal income taxes 10,178 21,438
Federal income taxes 3,422 7,326
Net income $ 6,756 $ 14,112
Per share data:    
Basic and diluted earnings (in dollars per share) $ 0.45 $ 0.94
Dividends paid to shareholders (in dollars per share) $ 0.27 $ 0.26
Reconciliation of shares outstanding:    
Average shares outstanding - basic (in shares) 15,096 15,044
Dilutive effect of share equivalents (in shares) 8 32
Average shares outstanding - diluted (in shares) 15,104 15,076