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Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Data [Abstract]  
Summary Of Quarterly Financial Data
Summarized quarterly financial data for 2013 and 2012 are as follows:
 
 
Quarter Ended
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(Amounts in thousands, except per share data)
 
2013
 
 
 
 
 
 
 
 
Net premiums earned
$
662,595

 
$
675,787

 
$
678,913

  
$
680,892

 
Change in fair value of investments pursuant to the fair value option
$
43,467

 
$
(78,726
)
 
$
21,815

 
$
(30,593
)
 
Income (loss) before income taxes
$
90,994

 
$
(24,959
)
 
$
54,793

 
$
11,268

 
Net income (loss)
$
66,461

 
$
(9,264
)
 
$
39,570

 
$
15,376

 
Basic earnings per share
$
1.21

 
$
(0.17
)
 
$
0.72

 
$
0.28

 
Diluted earnings per share
$
1.21

 
$
(0.17
)
(1) 
$
0.72

 
$
0.28

 
Dividends paid per share
$
0.6125

 
$
0.6125

 
$
0.6125

  
$
0.6150

 
2012
 
 
 
 
 
 
 
 
Net premiums earned
$
635,812

 
$
637,247

 
$
646,084

  
$
655,777

 
Change in fair value of investments pursuant to the fair value option
$
49,343

 
$
(24,788
)
 
$
44,783

 
$
(28,944
)
 
Income (loss) before income taxes
$
101,994

 
$
(18,853
)
 
$
91,330

 
$
(39,161
)
 
Net income (loss)
$
73,356

 
$
(5,264
)
 
$
66,201

 
$
(17,382
)
 
Basic earnings per share
$
1.34

 
$
(0.10
)
 
$
1.21

 
$
(0.32
)
 
Diluted earnings per share
$
1.34

 
$
(0.10
)
(1) 
$
1.21

 
$
(0.32
)
(1) 
Dividends paid per share
$
0.61

 
$
0.61

 
$
0.61

  
$
0.6125

 
 __________
(1)
The dilutive impact of incremental shares is excluded from net loss position in accordance with GAAP.