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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
PREMIUMS EARNED AND OTHER REVENUES        
Direct Premiums Written $ 222,568 $ 213,479 $ 412,571 $ 386,654
Ceded Premiums Written (102,433) (145,798) (265,867) (269,689)
Net premiums written 120,135 67,681 146,704 116,965
Change in net unearned premium (64,441) (18,157) (42,370) (19,437)
Premiums earned, net 55,694 49,524 104,334 97,528
Net investment (expense) income (16) (21) (52) 236
Net realized gains (losses) on investments (1,705) 2,960 (9,154) 6,612
Net unrealized gains (losses) on investments (5,788) (9,640) 3,399 (7,052)
Net foreign currency gains (losses) on investments       23 71
Commission revenue 6,131 4,941 10,672 9,121
Policy fees 4,072 4,402 7,973 8,575
Other revenue 1,540 1,506 2,980 2,914
Total premiums earned and other revenues 59,928 53,672 120,175 118,005
OPERATING COSTS AND EXPENSES        
Losses and loss adjustment expenses 29,437 25,852 55,611 52,037
General and administrative expenses 17,499 14,699 35,343 29,771
Total operating costs and expenses 46,936 40,551 90,954 81,808
INCOME BEFORE INCOME TAXES 12,992 13,121 29,221 36,197
Income taxes, current 9,086 9,622 9,860 18,359
Income taxes, deferred (3,871) (4,050) 1,711 (3,609)
Income taxes, net 5,215 5,572 11,571 14,750
NET INCOME AND COMPREHENSIVE INCOME $ 7,777 $ 7,549 $ 17,650 $ 21,447
Basic earnings per common share $ 0.20 $ 0.19 $ 0.44 $ 0.55
Weighted average of common shares outstanding-Basic 39,668 39,187 39,528 39,187
Fully diluted earnings per common share $ 0.19 $ 0.19 $ 0.44 $ 0.53
Weighted average of common shares outstanding-Diluted 40,377 40,645 40,460 40,657
Cash dividend declared per common share $ 0.08   $ 0.18 $ 0.10