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Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue        
Gross premiums earned $ 107,765,000 $ 91,221,000 $ 217,332,000 $ 185,109,000
Premiums ceded (31,378,000) (28,572,000) (59,217,000) (56,080,000)
Net premiums earned 76,387,000 62,649,000 158,115,000 129,029,000
Net investment income 1,795,000 1,481,000 3,204,000 2,540,000
Policy fee income 942,000 638,000 1,483,000 895,000
Net realized investment (losses) gains (74,000) 1,167,000 (267,000) 1,171,000
Other-than-temporary impairment losses (293,000) 0 (1,983,000) 0
Other 311,000 349,000 726,000 766,000
Total revenue 79,068,000 66,284,000 161,278,000 134,401,000
Expenses        
Losses and loss adjustment expenses 20,565,000 18,383,000 39,604,000 36,948,000
Policy acquisition and other underwriting expenses 10,443,000 9,559,000 20,242,000 18,688,000
Salaries and wages 5,236,000 4,072,000 10,134,000 8,257,000
Interest expense 2,679,000 2,609,000 5,340,000 5,183,000
Other operating expenses 4,562,000 5,278,000 9,329,000 10,632,000
Total expenses 43,485,000 39,901,000 84,649,000 79,708,000
Income before income taxes 35,583,000 26,383,000 76,629,000 54,693,000
Income tax expense 13,561,000 9,953,000 29,229,000 20,643,000
Net income 22,022,000 16,430,000 47,400,000 34,050,000
Preferred stock dividends   1,000   4,000
Income available to common stockholders $ 22,022,000 $ 16,431,000 $ 47,400,000 $ 34,054,000
Basic earnings per common share $ 2.17 $ 1.53 $ 4.67 $ 3.14
Diluted earnings per common share 1.93 1.39 4.14 2.84
Dividends per common share $ 0.30 $ 0.27 $ 0.60 $ 0.55