Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues
Net premiums earned	$ 109,659	$ 110,013
Net investment income	7,236	6,232
Commissions and other income	1,663	2,064
Net realized losses on investments, excluding impairment losses	(4,787)	(39)
Impairment losses on investments	(40)	(260)
Net unrealized gains (losses) on equity securities and limited partnership investments	(22,929)	6,327
Net realized and unrealized gains (losses) on investments	(27,756)	6,028
Total revenues	90,802	124,337
Expenses
Losses and loss expenses incurred	81,831	87,122
Other operating expenses	34,110	33,701
Total expenses	115,941	120,823
Income (loss) before federal income tax expense (benefit)	(25,139)	3,514
Federal income tax expense (benefit)	(2,983)	766
Net income (loss)	$ (22,156)	$ 2,748
Per share data:
Basic and diluted earnings (loss) (in dollars per share)	$ (1.56)	$ 0.18
Reconciliation of shares outstanding:
Average shares outstanding - basic (in shares)	14,169	14,848
Dilutive effect of share equivalents (in shares)	0	30
Average shares outstanding - diluted (in shares)	14,169	14,878