XML 21 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Net premiums earned $ 426,252 $ 392,212 $ 847,192 $ 771,041
Net investment income earned 34,003 34,006 66,873 66,634
Net realized gains:        
Net realized investment gains 5,709 272 11,013 5,051
Other-than-temporary impairments (508) (40) (2,427) (297)
Other-than-temporary impairments on fixed maturity securities recognized in other comprehensive income (47) (54) (77) (218)
Total net realized gains 5,154 178 8,509 4,536
Other income 3,536 2,511 6,320 6,044
Total revenues 468,945 428,907 928,894 848,255
Expenses:        
Loss and loss expense incurred 279,594 287,903 549,443 540,809
Policy acquisition costs 143,728 131,219 283,256 259,177
Interest expense 5,570 4,723 11,401 9,423
Other expenses 3,852 5,754 19,725 16,347
Total expenses 432,744 429,599 863,825 825,756
Income (loss) from continuing operations before federal income tax 36,201 (692) 65,069 22,499
Federal income tax expense (benefit):        
Current 6,221 (500) 13,674 6,678
Deferred 2,858 (480) 1,968 (2,560)
Total federal income tax expense (benefit) 9,079 (980) 15,642 4,118
Net income from continuing operations 27,122 288 49,427 18,381
Loss on disposal of discontinued operations, net of tax $(538) 0 0 (997) 0
Net income $ 27,122 $ 288 $ 48,430 $ 18,381
Earnings per share:        
Basic net income from continuing operations $ 0.49 $ 0.01 $ 0.89 $ 0.34
Basic net loss from discontinued operations $ 0.00 $ 0.00 $ (0.02) $ 0.00
Basic net income $ 0.49 $ 0.01 $ 0.87 $ 0.34
Diluted net income from continuing operations $ 0.48 $ 0.01 $ 0.88 $ 0.33
Diluted net loss from discontinued operations $ 0.00 $ 0.00 $ (0.02) $ 0.00
Diluted net income $ 0.48 $ 0.01 $ 0.86 $ 0.33
Dividends to stockholders $ 0.13 $ 0.13 $ 0.26 $ 0.26