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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Net premiums earned $ 531,932 $ 490,309 $ 1,054,390 $ 966,432
Net investment income earned 31,182 32,230 61,951 59,147
Net realized gains (losses):        
Net realized investment gains 2,314 1,031 3,203 22,008
Other-than-temporary impairments (559) (4,451) (4,152) (6,545)
Other-than-temporary impairments on fixed maturity securities recognized in other comprehensive income 10 0 10 0
Total net realized gains (losses) 1,765 (3,420) (939) 15,463
Other income 3,868 2,854 4,819 4,823
Total revenues 568,747 521,973 1,120,221 1,045,865
Expenses:        
Loss and loss expense incurred 298,479 291,561 595,623 576,560
Policy acquisition costs 190,731 169,770 373,958 334,493
Interest expense 5,620 5,612 11,226 11,216
Other expenses 11,606 8,265 25,228 20,541
Total expenses 506,436 475,208 1,006,035 942,810
Income before federal income tax 62,311 46,765 114,186 103,055
Federal income tax expense:        
Current 18,318 7,733 32,402 19,987
Deferred 392 5,264 1,151 9,592
Total federal income tax expense 18,710 12,997 33,553 29,579
Net income $ 43,601 $ 33,768 $ 80,633 $ 73,476
Earnings per share:        
Basic net income $ 0.75 $ 0.59 $ 1.40 $ 1.29
Diluted net income 0.74 0.58 1.38 1.27
Dividends to stockholders $ 0.15 $ 0.14 $ 0.30 $ 0.28