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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Net premiums earned $ 1,736,072 $ 1,584,119 $ 1,439,313
Net investment income earned 134,643 131,877 147,443
Net realized gains:      
Net realized investment gains 26,375 13,252 15,426
Other-than-temporary impairments (5,566) (1,711) (11,998)
Other-than-temporary impairments on fixed maturity securities recognized in other comprehensive income (77) (2,553) (1,188)
Total net realized gains 20,732 8,988 2,240
Other income 12,294 9,118 8,479
Total revenues 1,903,741 1,734,102 1,597,475
Expenses:      
Losses and loss expenses incurred 1,121,738 1,120,990 1,074,987
Policy acquisition costs 579,977 526,143 466,404
Interest expense 22,538 18,872 18,259
Other expenses 35,686 30,462 26,425
Total expenses 1,759,939 1,696,467 1,586,075
Income from continuing operations, before federal income tax 143,802 37,635 11,400
Federal income tax expense (benefit):      
Current 24,147 5,647 (228)
Deferred 12,240 (5,975) (11,055)
Total federal income tax expense (benefit) 36,387 (328) (11,283)
Net income from continuing operations 107,415 37,963 22,683
Loss on disposal of discontinued operations, net of tax of $(538) – 2013; and $(350) – 2011 (997) 0 (650)
Net income $ 106,418 $ 37,963 $ 22,033
Earnings per share:      
Basic net income from continuing operations $ 1.93 $ 0.69 $ 0.42
Basic net loss from discontinued operations $ (0.02) $ 0.00 $ (0.01)
Basic net income $ 1.91 $ 0.69 $ 0.41
Diluted net income from continuing operations $ 1.89 $ 0.68 $ 0.41
Diluted net loss from discontinued operations $ (0.02) $ 0.00 $ (0.01)
Diluted net income $ 1.87 $ 0.68 $ 0.40
Dividends to stockholders $ 0.52 $ 0.52 $ 0.52