Quarterly Financial Information

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]



(unaudited, $ in thousands,	First Quarter				Second Quarter			Third Quarter				Fourth Quarter
except per share data)	2014		2013		2014	2013		2014		2013		2014		2013
Net premiums earned	456,495		420,940		463,625	426,252		462,639		437,568		469,850		451,312
Net investment income earned	35,534		32,870		36,774	34,003		34,292		32,457		32,108		35,313
Net realized gains (losses)	7,218		3,355		4,539	5,154		15,231		13,431		(389	)	(1,208	)
Underwriting (loss) income	(5,015	)	12,161		10,084	4,483		34,437		10,151		38,637		11,971
Net income from continuing operations	17,974		22,305		29,341	27,122		53,162		32,653		41,350		25,335
Loss on disposal of discontinued operations, net of tax	—		(997	)	—	—		—		—		—		—
Net income	17,974		21,308		29,341	27,122		53,162		32,653		41,350		25,335
Other comprehensive income (loss)	16,678		27,881		26,483	(62,643	)	(18,887	)	(2,195	)	(29,337	)	7,768
Comprehensive income (loss)	34,652		49,189		55,824	(35,521	)	34,275		30,458		12,013		33,103
Net income per share:
Basic	0.32		0.38		0.52	0.49		0.94		0.59		0.73		0.45
Diluted	0.31		0.38		0.51	0.48		0.93		0.57		0.72		0.44
Dividends to stockholders¹	0.13		0.13		0.13	0.13		0.13		0.13		0.14		0.13
Price range of common stock:²
High	26.99		24.13		25.42	24.75		25.46		25.95		27.65		28.31
Low	21.38		19.53		22.14	19.58		21.97		22.61		22.01		23.55

The addition of all quarters may not agree to annual amounts on the Financial Statements due to rounding.

¹See Note 20. “Statutory Financial Information, Capital Requirements, and Restrictions on Dividends and Transfers of Funds” for a discussion of dividend restrictions.

² These ranges of high and low prices of the Parent’s common stock, as reported by the NASDAQ Global Select Market, represent actual transactions. Price quotations do not include retail markups, markdowns, and commissions. The range of high and low prices for common stock for the period beginning January 2, 2015 and ending February 13, 2015 was $25.49 to $28.08.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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