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v3.8.0.1

Consolidated Statements Of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016
Revenues: |  |  |  |
Net premiums earned | $ 801,205 | $ 790,850 | $ 2,388,641 | $ 2,337,256
Net investment income | 30,988 | 30,371 | 94,058 | 91,440
Net realized investment gains (losses) | 20,718 | (15,465) | 66,334 | 54,973
Other | 5,446 | 2,406 | 9,675 | 6,416
Total revenues | 858,357 | 808,162 | 2,558,708 | 2,490,085
Expenses: |  |  |  |
Losses and loss adjustment expenses | 595,290 | 576,316 | 1,790,550 | 1,765,484
Policy acquisition costs | 136,290 | 140,203 | 416,728 | 421,685
Other operating expenses | 64,339 | 59,006 | 182,959 | 178,000
Interest | 4,191 | 1,012 | 10,873 | 2,922
Total expenses | 800,110 | 776,537 | 2,401,110 | 2,368,091
Income before income taxes | 58,247 | 31,625 | 157,598 | 121,994
Income tax expense | 11,762 | 4,695 | 32,500 | 22,868
Net income | $ 46,485 | $ 26,930 | $ 125,098 | $ 99,126
Net income per share: |  |  |  |
Basic (in dollars per share) | $ 0.84 | $ 0.49 | $ 2.26 | $ 1.79
Diluted (in dollars per share) | $ 0.84 | $ 0.49 | $ 2.26 | $ 1.79
Weighted average shares outstanding: |  |  |  |
Basic (in shares) | 55,324 | 55,259 | 55,311 | 55,238
Diluted (in shares) | 55,334 | 55,328 | 55,323 | 55,304
Dividends paid per share (in dollars per share) | $ 0.6225 | $ 0.6200 | $ 1.8675 | $ 1.8600

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