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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Net premiums earned $ 462,639 $ 437,568 $ 1,382,759 $ 1,284,760
Net investment income earned 34,292 32,457 106,600 99,330
Net realized gains:        
Net realized investment gains 15,231 14,111 28,370 25,124
Other-than-temporary impairments 0 (680) (1,382) (3,107)
Other-than-temporary impairments on fixed income securities recognized in other comprehensive income 0 0 0 (77)
Total net realized gains 15,231 13,431 26,988 21,940
Other income 3,196 3,357 14,931 9,677
Total revenues 515,358 486,813 1,531,278 1,415,707
Expenses:        
Loss and loss expense incurred 270,932 283,317 889,273 832,760
Policy acquisition costs 158,101 145,314 462,540 428,570
Interest expense 5,558 5,570 16,544 16,971
Other expenses 5,441 8,127 22,990 27,852
Total expenses 440,032 442,328 1,391,347 1,306,153
Income from continuing operations, before federal income tax 75,326 44,485 139,931 109,554
Federal income tax expense:        
Current 7,373 6,367 22,692 20,041
Deferred 14,791 5,465 16,762 7,433
Total federal income tax expense 22,164 11,832 39,454 27,474
Net income from continuing operations 53,162 32,653 100,477 82,080
Loss on disposal of discontinued operations, net of tax of $(538) - 2013 0 0 0 (997)
Net income $ 53,162 $ 32,653 $ 100,477 $ 81,083
Earnings per share:        
Basic net income from continuing operations $ 0.94 $ 0.59 $ 1.79 $ 1.48
Basic net loss from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ (0.02)
Basic net income $ 0.94 $ 0.59 $ 1.79 $ 1.46
Diluted net income from continuing operations $ 0.93 $ 0.57 $ 1.75 $ 1.45
Diluted net loss from discontinued operations $ 0.00 $ 0.00 $ 0.00 $ (0.02)
Diluted net income $ 0.93 $ 0.57 $ 1.75 $ 1.43
Dividends to stockholders $ 0.13 $ 0.13 $ 0.39 $ 0.39