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Unaudited Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Unaudited Quarterly Financial Data 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.