XML 116 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:                      
Net premiums earned $ 406,853 $ 406,225 $ 392,212 $ 378,829 $ 373,427 $ 358,963 $ 355,580 $ 351,343 $ 1,584,119 $ 1,439,313 $ 1,416,598
Net investment income earned 34,593 30,650 34,006 32,628 28,839 35,786 39,345 43,473 131,877 147,443 145,708
Net realized gains (losses):                      
Net realized investment gains 5,540 (1,088) 178 4,358 (3,621) (2,045) 2,146 5,760 13,252 15,426 10,575
Other-than-temporary impairments                 (1,711) (11,998) (16,225)
Other-than-temporary impairments on fixed maturity securities recognized in other comprehensive income                 (2,553) (1,188) (1,433)
Total net realized gains (losses)                 8,988 2,240 (7,083)
Other income                 9,118 8,479 9,398
Total revenues                 1,734,102 1,597,475 1,564,621
Expenses:                      
Losses and loss expenses incurred                 1,120,990 1,074,987 982,118
Policy acquisition costs                 526,143 466,404 455,852
Interest expense                 18,872 18,259 18,616
Other expenses                 30,462 26,425 23,886
Total expenses                 1,696,467 1,586,075 1,480,472
Income from continuing operations, before federal income tax                 37,635 11,400 84,149
Federal income tax (benefit) expense:                      
Current                 5,647 (228) 5,323
Deferred                 (5,975) (11,055) 8,080
Total federal income tax (benefit) expense                 (328) (11,283) 13,403
Net income from continuing operations 1,308 18,274 288 18,093 18,034 (17,318) 1,467 20,500 37,963 22,683 70,746
Loss on disposal of discontinued operations, net of tax of $(350) - 2011; and $(2,035) - 2010                 0 (650) (3,780)
Net income $ 1,308 $ 18,274 $ 288 $ 18,093 $ 18,034 $ (17,968) $ 1,467 $ 20,500 $ 37,963 $ 22,033 $ 66,966
Earnings per share:                      
Basic net income from continuing operations                 $ 0.69 $ 0.42 $ 1.33
Basic net loss from discontinued operations                 $ 0.00 $ (0.01) $ (0.07)
Basic net income $ 0.02 $ 0.33 $ 0.01 $ 0.33 $ 0.33 $ (0.33) $ 0.03 $ 0.38 $ 0.69 $ 0.41 $ 1.26
Diluted net income from continuing operations                 $ 0.68 $ 0.41 $ 1.30
Diluted net loss from discontinued operations                 $ 0.00 $ (0.01) $ (0.07)
Diluted net income $ 0.02 $ 0.33 $ 0.01 $ 0.33 $ 0.33 $ (0.33) $ 0.03 $ 0.37 $ 0.68 $ 0.40 $ 1.23
Dividends to stockholders $ 0.13 [1] $ 0.13 [1] $ 0.13 [1] $ 0.13 [1] $ 0.13 [1] $ 0.13 [1] $ 0.13 [1] $ 0.13 [1] $ 0.52 $ 0.52 $ 0.52
[1] 1 See Note 20. “Statutory Financial Information, Capital Requirements, and Restrictions on Dividends and Transfers of Funds” for a discussion of dividend restrictions.