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Unaudited Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Unaudited Quarterly Financial Data | (19) Unaudited Quarterly Financial Data In management’s opinion, the following quarterly consolidated financial information fairly presents the results of operations for such periods and is prepared on a basis consistent with our annual audited consolidated financial statements. Financial information for the quarters presented was prepared on a consolidated basis.
|  | Quarter ended |  |  | Quarter ended |  |  | Quarter ended |  |  | Quarter ended |
|  | March 31, 2018 |  |  | June 30, 2018 |  |  | September 30, 2018 |  |  | December 31, 2018 |
|  | (In thousands, except per-share amounts) |
Direct premiums |  | $ | 656,087 |  |  | $ | 667,191 |  |  | $ | 670,222 |  |  | $ | 673,605 |
Ceded premiums |  |  | (394,249 | ) |  |  | (403,449 | ) |  |  | (391,175 | ) |  |  | (392,290 | )
Net premiums |  |  | 261,838 |  |  |  | 263,742 |  |  |  | 279,047 |  |  |  | 281,315 |
Commissions and fees |  |  | 166,827 |  |  |  | 167,940 |  |  |  | 170,879 |  |  |  | 171,960 |
Net investment income |  |  | 19,017 |  |  |  | 20,030 |  |  |  | 20,622 |  |  |  | 21,760 |
Realized investment gains (losses), including OTTI |  |  | (1,656 | ) |  |  | 1,313 |  |  |  | (126 | ) |  |  | (1,651 | )
Other, net |  |  | 13,897 |  |  |  | 14,790 |  |  |  | 14,359 |  |  |  | 13,941 |
Total revenues |  |  | 459,923 |  |  |  | 467,815 |  |  |  | 484,781 |  |  |  | 487,325 |
Total benefits and expenses |  |  | 376,960 |  |  |  | 354,050 |  |  |  | 373,346 |  |  |  | 379,403 |
Income before income taxes |  |  | 82,963 |  |  |  | 113,765 |  |  |  | 111,435 |  |  |  | 107,922 |
Income taxes |  |  | 17,248 |  |  |  | 27,065 |  |  |  | 26,296 |  |  |  | 21,381 |
Net income |  | $ | 65,715 |  |  | $ | 86,700 |  |  | $ | 85,139 |  |  | $ | 86,541 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 1.46 |  |  | $ | 1.96 |  |  | $ | 1.95 |  |  | $ | 1.99 |
Diluted earnings per share |  | $ | 1.46 |  |  | $ | 1.95 |  |  | $ | 1.94 |  |  | $ | 1.99 |
|  | Quarter ended |  |  | Quarter ended |  |  | Quarter ended |  |  | Quarter ended |
|  | March 31, 2017 |  |  | June 30, 2017 |  |  | September 30, 2017 |  |  | December 31, 2017 |
|  | (In thousands, except per-share amounts) |
Direct premiums |  | $ | 627,698 |  |  | $ | 637,426 |  |  | $ | 646,079 |  |  | $ | 650,906 |
Ceded premiums |  |  | (399,769 | ) |  |  | (406,043 | ) |  |  | (397,641 | ) |  |  | (397,318 | )
Net premiums |  |  | 227,929 |  |  |  | 231,383 |  |  |  | 248,438 |  |  |  | 253,588 |
Commissions and fees |  |  | 144,268 |  |  |  | 148,317 |  |  |  | 144,627 |  |  |  | 154,105 |
Net investment income |  |  | 19,894 |  |  |  | 19,742 |  |  |  | 19,922 |  |  |  | 19,459 |
Realized investment gains (losses), including OTTI |  |  | 134 |  |  |  | 104 |  |  |  | 22 |  |  |  | 1,079 |
Other, net |  |  | 12,939 |  |  |  | 14,150 |  |  |  | 14,291 |  |  |  | 14,711 |
Total revenues |  |  | 405,164 |  |  |  | 413,696 |  |  |  | 427,300 |  |  |  | 442,942 |
Total benefits and expenses |  |  | 330,322 |  |  |  | 317,307 |  |  |  | 327,100 |  |  |  | 334,853 |
Income before income taxes |  |  | 74,842 |  |  |  | 96,389 |  |  |  | 100,200 |  |  |  | 108,089 |
Income taxes |  |  | 22,772 |  |  |  | 33,282 |  |  |  | 33,565 |  |  |  | (60,354 | )
Net income |  | $ | 52,070 |  |  | $ | 63,107 |  |  | $ | 66,635 |  |  | $ | 168,443 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 1.12 |  |  | $ | 1.36 |  |  | $ | 1.46 |  |  | $ | 3.73 |
Diluted earnings per share |  | $ | 1.11 |  |  | $ | 1.36 |  |  | $ | 1.46 |  |  | $ | 3.72 |
Quarterly amounts may not agree in total to the corresponding annual amounts due to rounding.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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