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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Net premiums earned $ 642,619 $ 604,836 $ 1,275,192 $ 1,196,664
Net investment income earned 58,505 45,553 109,123 88,784
Net realized and unrealized gains (losses):        
Net realized investment gains on disposals 2,883 54 6,327 4,785
Other-than-temporary impairments (971) (2,821) (1,075) (4,033)
Unrealized gains (losses) on equity securities 2,115 1,115 12,226 (12,953)
Total net realized and unrealized gains (losses) 4,027 (1,652) 17,478 (12,201)
Other income 3,053 3,179 5,373 5,358
Total revenues 708,204 651,916 1,407,166 1,278,605
Expenses:        
Loss and loss expense incurred 380,984 366,328 767,563 751,269
Amortization of deferred policy acquisition costs 133,401 122,661 263,075 243,754
Other insurance expenses 86,662 80,994 171,741 164,234
Interest expense 7,366 6,125 18,892 12,277
Corporate expenses 9,566 3,283 21,976 14,615
Total expenses 617,979 579,391 1,243,247 1,186,149
Income before federal income tax 90,225 72,525 163,919 92,456
Federal income tax expense:        
Current 17,958 12,782 30,539 13,215
Deferred 1 924 (234) 1,497
Total federal income tax expense 17,959 13,706 30,305 14,712
Net income $ 72,266 $ 58,819 $ 133,614 $ 77,744
Earnings per share:        
Basic net income $ 1.22 $ 1.00 $ 2.25 $ 1.32
Diluted net income $ 1.21 $ 0.99 $ 2.23 $ 1.30