XML 32 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Net premiums earned $ 2,149,572 $ 1,989,909 $ 1,852,609
Net investment income earned 130,754 121,316 138,708
Net realized (losses) gains:      
Net realized investment gains 3,562 31,537 37,703
Other-than-temporary impairments (8,509) (18,366) (11,104)
Other-than-temporary impairments on fixed income securities recognized in other comprehensive income (10) 0 0
Total net realized (losses) gains (4,937) 13,171 26,599
Other income 8,881 7,456 16,945
Total revenues 2,284,270 2,131,852 2,034,861
Expenses:      
Losses and loss expenses incurred 1,234,797 1,148,541 1,157,501
Policy acquisition costs 763,758 689,820 624,470
Interest expense 22,771 22,428 23,063
Other expenses 42,989 38,371 32,696
Total expenses 2,064,315 1,899,160 1,837,730
Income before federal income tax 219,955 232,692 197,131
Federal income tax expense:      
Current 48,581 45,347 28,415
Deferred 12,879 21,484 26,889
Total federal income tax expense 61,460 66,831 55,304
Net income $ 158,495 $ 165,861 $ 141,827
Earnings per share:      
Basic net income $ 2.74 $ 2.90 $ 2.52
Diluted net income 2.70 2.85 2.47
Dividends to stockholders $ 0.61 $ 0.57 $ 0.53