Quarterly Financial Information

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]



(unaudited, $ in thousands,	First Quarter				Second Quarter			Third Quarter			Fourth Quarter
except per share data)	2015		2014		2015		2014	2015	2014		2015		2014
Net premiums earned	$	476,123	456,495		490,309		463,625	507,390	462,639		516,087		469,850
Net investment income earned	26,917		35,534		32,230		36,774	32,061	34,292		30,108		32,108
Net realized gains (losses)	18,883		7,218		(3,420	)	4,539	308	15,231		(2,600	)	(389	)
Underwriting income (loss)	26,021		(5,015	)	29,124		10,084	44,831	34,437		49,053		38,637
Net income	39,708		17,974		33,768		29,341	46,996	53,162		45,389		41,350
Other comprehensive income (loss)	3,827		16,678		(35,944	)	26,483	6,290	(18,887	)	(3,386	)	(29,337	)
Comprehensive income (loss)	43,535		34,652		(2,176	)	55,824	53,286	34,275		42,003		12,013
Net income per share:
Basic	0.70		0.32		0.59		0.52	0.82	0.94		0.79		0.73
Diluted	0.69		0.31		0.58		0.51	0.81	0.93		0.78		0.72
Dividends to stockholders¹	0.14		0.13		0.14		0.13	0.14	0.13		0.15		0.14
Price range of common stock:²
High	30.10		26.99		29.60		25.42	32.50	25.46		37.91		27.65
Low	25.49		21.38		26.28		22.14	28.10	21.97		30.36		22.01

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

¹See Note 19. “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 4, 2016 and ending February 12, 2016 was $29.27 to $34.00.