Note 22. Quarterly Financial Information

(unaudited, $ in thousands,	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
except per share data)	2011	2010	2011	2010	2011	2010	2011	2010
Net premiums earned	351,343	356,202	355,580	352,190	358,963	354,709	373,427	353,497
Net investment income earned	43,473	34,706	39,345	36,545	35,786	32,986	28,839	41,471
Net realized (losses) gains	5,760	(64)	2,146	(3,264)	(2,045)	57	(3,621)	(3,812)
Underwriting (loss) profit	(11,084)	(14,605)	(32,682)	(3,161)	(68,124)	(3,933)	4,971	(468)
Net income (loss) from continuing operations¹	21,549	6,593	2,325	20,091	(19,492)	18,831	16,133	23,806
Loss from discontinued
operations, net of tax¹	-	(790)	-	(1,325)	(650)	(1,634)	-	(31)
Net income (loss)	21,549	5,803	2,325	18,766	(20,142)	17,197	16,133	23,775
Other comprehensive (loss) income	(4,248)	6,687	18,368	23,599	11,020	30,394	10,130	(41,196)
Comprehensive income (loss)	17,301	12,490	20,693	42,365	(9,122)	47,591	26,263	(17,421)

Net income (loss) per share:
Basic	0.40	0.11	0.04	0.35	(0.37)	0.32	0.30	0.44
Diluted	0.39	0.11	0.04	0.35	(0.37)	0.32	0.29	0.43

Dividends to stockholders²	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13

Price range of common stock:³
High	18.97	17.04	18.06	17.28	16.96	16.63	18.35	18.94
Low	16.30	15.01	15.32	14.17	12.60	14.13	12.10	15.97

The addition of all quarters may not agree to annual amounts on the consolidated financial statements due to rounding.

¹ See Note 12. "Discontinued Operations" for a discussion of discontinued operations.

² See Note 10. "Indebtedness" for a discussion of dividend restrictions.

³ These ranges of high and low prices of the Parent's common stock, as reported by the NASDAQ Global Select Market, represent actual transactions. Price

quotations do not include retail markups, markdowns, and commissions. The range of high and low prices for common stock for the period beginning January 3,

2012 and ending February 17, 2012 was $19.00 to $17.25.