XML 18 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Net premiums earned$ 358,963$ 354,709$ 1,065,886$ 1,063,101
Net investment income earned35,78632,986118,604104,237
Net realized gains (losses):    
Net realized investment gains4982,8649,20313,960
Other-than-temporary impairments(2,693)(4,091)(3,062)(16,326)
Other-than-temporary impairments on fixed maturity securities recognized in other comprehensive income1501,284(280)(905)
Total net realized (losses) gains(2,045)575,861(3,271)
Other income1,3651,9506,7446,465
Total revenues394,069389,7021,197,0951,170,532
Expenses:    
Losses and loss expenses incurred305,958245,019829,719739,142
Policy acquisition costs119,456114,042346,729346,143
Interest expense4,5594,55913,67514,056
Other expenses4,9244,02218,80718,636
Total expenses434,897367,6421,208,9301,117,977
(Loss) income from continuing operations, before federal income tax(40,828)22,060(11,835)52,555
Federal income tax (benefit) expense:    
Current(20,001)(1,691)(12,614)8,475
Deferred(1,335)4,920(3,603)(1,435)
Total federal income tax (benefit) expense(21,336)3,229(16,217)7,040
Net (loss) income from continuing operations(19,492)18,8314,38245,515
Loss on disposal of discontinued operations, net of tax of $(350) and $(880) for Third Quarter 2011 and 2010 and $(350) and $(2,019) for Nine Months 2011 and 2010(650)(1,634)(650)(3,749)
Net (loss) income$ (20,142)$ 17,197$ 3,732$ 41,766
Earnings per share:    
Basic net (loss) income from continuing operations$ (0.36)$ 0.35$ 0.08$ 0.85
Basic net loss from disposal of discontinued operations$ (0.01)$ (0.03)$ (0.01)$ (0.07)
Basic net (loss) income$ (0.37)$ 0.32$ 0.07$ 0.78
Diluted net (loss) income from continuing operations$ (0.36)$ 0.35$ 0.08$ 0.84
Diluted net loss from disposal of discontinued operations$ (0.01)$ (0.03)$ (0.01)$ (0.07)
Diluted net (loss) income$ (0.37)$ 0.32$ 0.07$ 0.77
Dividends to stockholders$ 0.13$ 0.13$ 0.39$ 0.39