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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Gross premiums written $ 103,820 $ 95,815 $ 209,523 $ 194,938
Ceded premiums written (3,493) (4,576) (6,832) (9,057)
Net premiums written 100,327 91,239 202,691 185,881
Net premiums earned 93,516 81,983 182,749 161,692
Net investment income 6,845 6,649 13,553 13,319
Net realized gains/(losses) on investments 232 (1,291) 333 (1,267)
Fee and other income 31 170 162 279
Total revenues 100,624 87,511 196,797 174,023
Expenses        
Loss and loss adjustment expenses incurred 62,463 56,813 123,748 112,814
Underwriting and certain other operating costs 8,839 7,770 16,802 14,838
Commissions 6,987 6,229 13,674 12,393
Salaries and benefits 5,186 5,664 11,907 11,309
Policyholder dividends 88 388 201 942
Total expenses 83,563 76,864 166,332 152,296
Income before income taxes 17,061 10,647 30,465 21,727
Income tax expense 4,288 3,003 7,143 5,232
Net income 12,773 7,644 23,322 16,495
Net income available to common shareholders $ 12,773 $ 7,618 $ 23,322 $ 16,454
Earnings per share        
Basic $ 0.69 $ 0.42 $ 1.26 $ 0.90
Diluted $ 0.68 $ 0.41 $ 1.23 $ 0.88
Shares used in computing earnings per share        
Basic 18,600,186 18,353,174 18,566,235 18,317,452
Diluted 18,894,885 18,712,299 18,885,384 18,713,776
Extraordinary cash dividends declared per common share     $ 0.50  
Cash dividends declared per common share $ 0.12 $ 0.08 $ 0.24 $ 0.16