Quarterly Financial Information

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]



(unaudited, $ in thousands,	First Quarter				Second Quarter				Third Quarter				Fourth Quarter
except per share data)	2012		2011		2012		2011		2012		2011		2012		2011
Net premiums earned	378,829		351,343		392,212		355,580		406,225		358,963		406,853		373,427
Net investment income earned	32,628		43,473		34,006		39,345		30,650		35,786		34,593		28,839
Net realized gains (losses)	4,358		5,760		178		2,146		(1,088	)	(2,045	)	5,540		(3,621	)
Underwriting (loss) profit	(1,363	)	(12,698	)	(26,962	)	(34,002	)	861		(64,779	)	(36,543	)	7,895
Net income (loss) from continuing operations	18,093		20,500		288		1,467		18,274		(17,318	)	1,308		18,034
Loss from discontinued operations, net of tax	—		—		—		—		—		(650	)	—		—
Net income (loss)	18,093		20,500		288		1,467		18,274		(17,968	)	1,308		18,034
Other comprehensive income (loss)	10,690		(4,248	)	5,520		18,368		26,507		11,020		(30,971	)	10,130
Comprehensive income (loss)	28,783		16,252		5,808		19,835		44,781		(6,948	)	(29,663	)	28,164
Net income (loss) per share:
Basic	0.33		0.38		0.01		0.03		0.33		(0.33	)	0.02		0.33
Diluted	0.33		0.37		0.01		0.03		0.33		(0.33	)	0.02		0.33
Dividends to stockholders¹	0.13		0.13		0.13		0.13		0.13		0.13		0.13		0.13
Price range of common stock:²
High	19.00		18.97		17.99		18.06		19.37		16.96		20.31		18.35
Low	16.64		16.30		16.22		15.32		16.64		12.60		17.17		12.10

The addition of all quarters may not agree to annual amounts on the Financial Statements due to rounding.

¹See Note 20. “Statutory Financial Information, Capital Requirements, and Restrictions on Dividends and Transfers of Funds” for a discussion of dividend restrictions.

² 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 2, 2013 and ending February 15, 2013 was $19.53 to $22.08.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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