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v3.7.0.1

Consolidated Statements Of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Revenues: |  |  |  |
Net premiums earned | $ 797,666 | $ 779,321 | $ 1,587,436 | $ 1,546,406
Net investment income | 31,901 | 31,414 | 63,070 | 61,069
Net realized investment gains | 21,156 | 45,381 | 45,616 | 70,438
Other | 2,124 | 1,887 | 4,229 | 4,010
Total revenues | 852,847 | 858,003 | 1,700,351 | 1,681,923
Expenses: |  |  |  |
Losses and loss adjustment expenses | 588,595 | 595,086 | 1,195,260 | 1,189,168
Policy acquisition costs | 137,839 | 139,922 | 280,438 | 281,482
Other operating expenses | 53,432 | 57,700 | 118,620 | 118,994
Interest | 4,229 | 960 | 6,682 | 1,910
Total expenses | 784,095 | 793,668 | 1,601,000 | 1,591,554
Income before income taxes | 68,752 | 64,335 | 99,351 | 90,369
Income tax expense | 17,119 | 15,462 | 20,738 | 18,173
Net income | $ 51,633 | $ 48,873 | $ 78,613 | $ 72,196
Net income per share: |  |  |  |
Basic (in dollars per share) | $ 0.93 | $ 0.88 | $ 1.42 | $ 1.31
Diluted (in dollars per share) | $ 0.93 | $ 0.88 | $ 1.42 | $ 1.31
Weighted average shares outstanding: |  |  |  |
Basic (in shares) | 55,311 | 55,254 | 55,304 | 55,227
Diluted (in shares) | 55,323 | 55,322 | 55,318 | 55,294
Dividends paid per share (in dollars per share) | $ 0.6225 | $ 0.62000 | $ 1.245 | $ 1.24

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