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Unaudited Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Net premiums earned $ 89,100 $ 71,235 $ 231,070 $ 206,870
Net investment income 4,027 3,513 12,434 10,501
Commissions and other income 1,407 1,207 3,789 4,035
Net realized gains on investments, excluding impairment losses 5,982 9,576 15,603 22,023
Total other-than-temporary impairment losses on investments (38) (1,844) (69) (4,999)
Net realized gains on investments 5,944 7,732 15,534 17,024
Total revenues 100,478 83,687 262,827 238,430
Expenses        
Losses and loss expenses incurred 60,673 56,827 181,026 138,116
Other operating expenses 29,187 21,225 82,185 64,326
Total expenses 89,860 78,052 263,211 202,442
Income (loss) before federal income taxes (benefits) 10,618 5,635 (384) 35,988
Federal income taxes (benefits) 3,184 1,634 (2,231) 11,906
Net income $ 7,434 $ 4,001 $ 1,847 $ 24,082
Per share data:        
Basic and diluted earnings (in dollars per share) $ 0.49 $ 0.27 $ 0.12 $ 1.60
Dividends paid to shareholders (in dollars per share) $ 0.27 $ 0.26 $ 0.81 $ 0.78
Reconciliation of shares outstanding:        
Average shares outstanding - basic (in shares) 15,089 15,084 15,084 15,068
Dilutive effect of share equivalents (in shares) 29 0 40 16
Average shares outstanding - diluted (in shares) 15,118 15,084 15,124 15,084