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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Net premiums earned $ 392,212 $ 355,580 $ 771,041 $ 706,923
Net investment income earned 34,006 39,345 66,634 82,818
Net realized gains (losses):        
Net realized investment gains 272 2,315 5,051 8,705
Other-than-temporary impairments (40) 163 (297) (369)
Other-than-temporary impairments on fixed maturity securities recognized in other comprehensive income (54) (332) (218) (430)
Total net realized gains (losses) 178 2,146 4,536 7,906
Other income 2,511 2,499 6,044 5,379
Total revenues 428,907 399,570 848,255 803,026
Expenses:        
Losses and loss expenses incurred 287,903 274,555 540,809 523,761
Policy acquisition costs 131,219 115,163 259,177 230,207
Interest expense 4,723 4,559 9,423 9,116
Other expenses 5,754 5,392 16,347 13,883
Total expenses 429,599 399,669 825,756 776,967
(Loss) income before federal income tax (692) (99) 22,499 26,059
Federal income tax expense (benefit):        
Current (500) 3,111 6,678 7,387
Deferred (480) (4,677) (2,560) (3,295)
Total federal income tax expense (benefit) (980) (1,566) 4,118 4,092
Net income $ 288 $ 1,467 $ 18,381 $ 21,967
Earnings per share:        
Basic net income $ 0.01 $ 0.03 $ 0.34 $ 0.41
Diluted net income $ 0.01 $ 0.03 $ 0.33 $ 0.40
Dividends to stockholders $ 0.13 $ 0.13 $ 0.26 $ 0.26