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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Net premiums earned $ 463,625 $ 426,252 $ 920,120 $ 847,192
Net investment income earned 36,774 34,003 72,308 66,873
Net realized gains:        
Net realized investment gains 4,958 5,709 13,139 11,013
Other-than-temporary impairments (419) (508) (1,382) (2,427)
Other-than-temporary impairments on fixed maturity securities recognized in other comprehensive income 0 (47) 0 (77)
Total net realized gains 4,539 5,154 11,757 8,509
Other income 1,911 3,536 11,735 6,320
Total revenues 506,849 468,945 1,015,920 928,894
Expenses:        
Loss and loss expense incurred 297,795 279,594 618,341 549,443
Policy acquisition costs 155,173 143,728 304,439 283,256
Interest expense 5,425 5,570 10,986 11,401
Other expenses 8,935 3,852 17,549 19,725
Total expenses 467,328 432,744 951,315 863,825
Income from continuing operations, before federal income tax 39,521 36,201 64,605 65,069
Federal income tax expense:        
Current 8,781 6,221 15,319 13,674
Deferred 1,399 2,858 1,971 1,968
Total federal income tax expense 10,180 9,079 17,290 15,642
Net income from continuing operations 29,341 27,122 47,315 49,427
Loss on disposal of discontinued operations, net of tax of $(538) - 2013 0 0 0 (997)
Net income $ 29,341 $ 27,122 $ 47,315 $ 48,430
Earnings per share:        
Basic net income from continuing operations $ 0.52 $ 0.49 $ 0.84 $ 0.89
Basic net loss from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ (0.02)
Basic net income $ 0.52 $ 0.49 $ 0.84 $ 0.87
Diluted net income from continuing operations $ 0.51 $ 0.48 $ 0.83 $ 0.88
Diluted net loss from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ (0.02)
Diluted net income $ 0.51 $ 0.48 $ 0.83 $ 0.86
Dividends to stockholders $ 0.13 $ 0.13 $ 0.26 $ 0.26