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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Net premiums earned $ 437,568 $ 406,225 $ 1,284,760 $ 1,177,266
Net investment income earned 32,457 30,650 99,330 97,284
Net realized gains (losses):        
Net realized investment gains (losses) 14,111 1,856 25,124 6,907
Other-than-temporary impairments (680) (921) (3,107) (1,218)
Other-than-temporary impairments on fixed maturity securities recognized in other comprehensive income 0 (2,023) (77) (2,241)
Total net realized gains (losses) 13,431 (1,088) 21,940 3,448
Other income 3,357 1,085 9,677 7,129
Total revenues 486,813 436,872 1,415,707 1,285,127
Expenses:        
Loss and loss expense incurred 283,317 272,251 832,760 813,060
Policy acquisition costs 145,314 131,849 428,570 391,026
Interest expense 5,570 4,725 16,971 14,148
Other expenses 8,127 7,733 27,852 24,080
Total expenses 442,328 416,558 1,306,153 1,242,314
Income from continuing operations before federal income tax 44,485 20,314 109,554 42,813
Federal income tax expense (benefit):        
Current 6,367 (5,088) 20,041 1,590
Deferred 5,465 7,128 7,433 4,568
Total federal income tax expense 11,832 2,040 27,474 6,158
Net income from continuing operations 32,653 18,274 82,080 36,655
Loss on disposal of discontinued operations, net of tax $(538) 0 0 (997) 0
Net income $ 32,653 $ 18,274 $ 81,083 $ 36,655
Earnings per share:        
Basic net income from continuing operations $ 0.59 $ 0.33 $ 1.48 $ 0.67
Basic net loss from discontinued operations $ 0.00 $ 0.00 $ (0.02) $ 0.00
Basic net income $ 0.59 $ 0.33 $ 1.46 $ 0.67
Diluted net income from continuing operations $ 0.57 $ 0.33 $ 1.45 $ 0.66
Diluted net loss from discontinued operations $ 0.00 $ 0.00 $ (0.02) $ 0.00
Diluted net income $ 0.57 $ 0.33 $ 1.43 $ 0.66
Dividends to stockholders $ 0.13 $ 0.13 $ 0.39 $ 0.39