Quarterly Financial Information

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]



(unaudited, $ in thousands,	First Quarter				Second Quarter			Third Quarter			Fourth Quarter
except per share data)	2016			2015	2016	2015		2016		2015	2016		2015
Net premiums earned	$	522,458		476,123	531,932	490,309		542,429		507,390	552,753		516,087
Net investment income earned	30,769			26,917	31,182	32,230		33,375		32,061	35,428		30,108
Net realized (losses) gains	(2,704		)	18,883	1,765	(3,420	)	3,688		308	(7,686	)	(2,600	)
Underwriting income	40,955			26,021	43,777	29,124		32,033		44,831	35,168		49,053
Net income	37,032			39,708	43,601	33,768		38,502		46,996	39,360		45,389
Other comprehensive income (loss)	45,422			3,827	36,010	(35,944	)	(9,798	)	6,290	(78,159	)	(3,386	)
Comprehensive income (loss)	82,454			43,535	79,611	(2,176	)	28,704		53,286	(38,799	)	42,003
Net income per share:
Basic	0.64			0.70	0.75	0.59		0.66		0.82	0.68		0.79
Diluted	0.63			0.69	0.74	0.58		0.66		0.81	0.67		0.78
Dividends to stockholders¹	0.15			0.14	0.15	0.14		0.15		0.14	0.16		0.15
Price range of common stock:²
High	36.92			30.10	38.67	29.60		41.30		32.50	44.00		37.91
Low	29.27			25.49	33.60	26.28		35.90		28.10	34.95		30.36

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 3, 2017 and ending February 14, 2017 was $38.50 to $44.35.