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v3.5.0.2

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
Revenues: |  |  |  |
Net premiums earned | $ 790,850 | $ 745,520 | $ 2,337,256 | $ 2,197,803
Net investment income | 30,371 | 30,898 | 91,440 | 94,101
Net realized investment losses | (15,465) | (26,286) | 54,973 | (75,595)
Other | 2,406 | 2,281 | 6,416 | 6,823
Total revenues | 808,162 | 752,413 | 2,490,085 | 2,223,132
Expenses: |  |  |  |
Losses and loss adjustment expenses | 576,316 | 545,692 | 1,765,484 | 1,581,306
Policy acquisition costs | 140,203 | 132,881 | 421,685 | 401,868
Other operating expenses | 59,006 | 60,788 | 178,000 | 191,017
Interest | 1,012 | 785 | 2,922 | 2,304
Total expenses | 776,537 | 740,146 | 2,368,091 | 2,176,495
Income before income taxes | 31,625 | 12,267 | 121,994 | 46,637
Income tax expense (benefit) | 4,695 | (3,003) | 22,868 | (4,437)
Net income | $ 26,930 | $ 15,270 | $ 99,126 | $ 51,074
Net income per share: |  |  |  |
Basic (in dollars per share) | $ 0.49 | $ 0.28 | $ 1.79 | $ 0.93
Diluted (in dollars per share) | $ 0.49 | $ 0.28 | $ 1.79 | $ 0.93
Weighted average shares outstanding: |  |  |  |
Basic (in shares) | 55,259 | 55,164 | 55,238 | 55,154
Diluted (in shares) | 55,328 | 55,178 | 55,304 | 55,172
Dividends paid per share (in dollars per share) | $ 620.0000 | $ 0.6175 | $ 1.86 | $ 1.8525

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