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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Net premiums earned $ 646,084 $ 643,626 $ 1,919,143 $ 1,924,444
Net investment income 33,410 35,526 96,569 106,631
Net realized investment gains (losses) 49,752 (66,919) 78,656 (14,465)
Other 2,532 3,508 7,790 11,221
Total revenues 731,778 615,741 2,102,158 2,027,831
Expenses:        
Losses and loss adjustment expenses 467,929 458,530 1,415,096 1,356,329
Policy acquisition costs 121,906 121,016 357,062 365,649
Other operating expenses 50,225 53,027 154,353 166,797
Interest 388 1,286 1,176 4,650
Total expenses 640,448 633,859 1,927,687 1,893,425
Income (loss) before income taxes 91,330 (18,118) 174,471 134,406
Income tax expense (benefit) 25,129 (14,336) 40,178 22,711
Net income (loss) $ 66,201 $ (3,782) $ 134,293 $ 111,695
Net income (loss) per share:        
Basic (in dollars per share) $ 1.21 $ (0.07) $ 2.45 $ 2.04
Diluted (in dollars per share) $ 1.21 $ (0.07) [1] $ 2.45 $ 2.04
Weighted average shares outstanding:        
Basic (in shares) 54,911 54,826 54,895 54,818
Diluted (in shares) 54,925 54,826 [1] 54,918 54,835
Dividends paid per share (in dollars per share) $ 0.61 $ 0.6 $ 1.83 $ 1.80
[1] The dilutive impact of incremental shares for 2011 is excluded from loss position in accordance with U.S. generally accepted accounting principles (“GAAP”).