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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Net premiums earned $ 1,989,909 $ 1,852,609 $ 1,736,072
Net investment income 121,316 138,708 134,643
Net realized gains:      
Net realized investment gains 31,537 37,703 26,375
Other-than-temporary impairments (18,366) (11,104) (5,566)
Other-than-temporary impairments on fixed income securities recognized in other comprehensive income 0 0 (77)
Total net realized gains 13,171 26,599 20,732
Other income 7,456 16,945 12,294
Total revenues 2,131,852 2,034,861 1,903,741
Expenses:      
Losses and loss expenses incurred 1,148,541 1,157,501 1,121,738
Policy acquisition costs 689,820 624,470 579,977
Interest expense 22,428 23,063 26,361
Other expenses 38,371 32,696 31,863
Total expenses 1,899,160 1,837,730 1,759,939
Income from continuing operations, before federal income tax 232,692 197,131 143,802
Federal income tax expense:      
Current 45,347 28,415 24,147
Deferred 21,484 26,889 12,240
Total federal income tax expense 66,831 55,304 36,387
Net income from continuing operations 165,861 141,827 107,415
Loss on disposal of discontinued operations, net of tax of $(538) – 2013 0 0 (997)
Net income $ 165,861 $ 141,827 $ 106,418
Earnings per share:      
Basic net income from continuing operations $ 2.90 $ 2.52 $ 1.93
Basic net loss from discontinued operations 0.00 0.00 (0.02)
Basic net income 2.90 2.52 1.91
Diluted net income from continuing operations 2.85 2.47 1.89
Diluted net loss from discontinued operations 0.00 0.00 (0.02)
Diluted net income 2.85 2.47 1.87
Dividends to stockholders $ 0.57 $ 0.53 $ 0.52