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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Net premiums earned $ 182,903 $ 177,579
Net investment income 23,186 25,440
Equity in earnings (loss) of unconsolidated subsidiaries 1,808 (3,634)
Net realized investment gains (losses):    
OTTI losses (419) (10,734)
Portion of OTTI losses recognized in other comprehensive income before taxes 248 1,068
Net impairment losses recognized in earnings (171) (9,666)
Other net realized investment gains (losses) 13,451 1,314
Total net realized investment gains (losses) 13,280 (8,352)
Other income 1,821 2,354
Total revenues 222,998 193,387
Expenses    
Net losses and loss adjustment expenses 119,151 110,955
Underwriting, policy acquisition and operating expenses 57,108 56,889
Segregated portfolio cells dividend expense (income) 2,375 1,176
Interest expense 4,133 3,686
Total expenses 182,767 172,706
Income before income taxes 40,231 20,681
Provision for income taxes    
Current expense (benefit) (8,278) (651)
Deferred expense (benefit) 7,054 2,015
Total income tax expense (benefit) (1,224) 1,364
Net income 41,455 19,317
Other comprehensive income (loss), after tax, net of reclassification adjustments 2,924 23,260
Comprehensive income $ 44,379 $ 42,577
Earnings per share:    
Basic (USD per share) $ 0.78 $ 0.36
Diluted (USD per share) $ 0.77 $ 0.36
Weighted average number of common shares outstanding:    
Basic (in shares) 53,315 53,157
Diluted (in shares) 53,535 53,346
Cash dividends declared per common share (USD per share) $ 0.31 $ 0.31