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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Net premiums earned $ 637,247 $ 642,331 $ 1,273,059 $ 1,280,818
Net investment income 31,673 36,009 63,159 71,105
Net realized investment (losses) gains (23,759) 23,764 28,904 52,454
Other 2,544 4,443 5,258 7,713
Total revenues 647,705 706,547 1,370,380 1,412,090
Expenses:        
Losses and loss adjustment expenses 497,251 451,338 947,167 897,799
Policy acquisition costs 117,726 122,829 235,156 244,633
Other operating expenses 51,203 55,098 104,128 113,770
Interest 378 1,669 788 3,364
Total expenses 666,558 630,934 1,287,239 1,259,566
(Loss) income before income taxes (18,853) 75,613 83,141 152,524
Income tax (benefit) expense (13,589) 18,362 15,049 37,047
Net (loss) income $ (5,264) $ 57,251 $ 68,092 $ 115,477
Net (loss) income per share:        
Basic (in dollars per share) $ (0.10) $ 1.04 $ 1.24 $ 2.11
Diluted (in dollars per share) $ (0.10) [1] $ 1.04 $ 1.24 $ 2.11
Weighted average shares outstanding:        
Basic (in shares) 54,895 54,820 54,886 54,814
Diluted (in shares) 54,895 [1] 54,837 54,915 54,834
Dividends paid per share (in dollars per share) $ 0.61 $ 0.60 $ 1.22 $ 1.20
[1] The dilutive impact of incremental shares for 2012 is excluded from loss position in accordance with U.S. generally accepted accounting principles (“GAAP”).