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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
PREMIUMS EARNED AND OTHER REVENUES      
Direct premiums written $ 783,894 $ 780,128 $ 721,462
Ceded premiums written (522,116) (517,604) (512,979)
Net premiums written 261,778 262,524 208,483
Change in net unearned premium 5,877 (31,404) (9,498)
Premiums earned, net 267,655 231,120 198,985
Net investment income (expense) 1,928 441 788
Net realized gains (losses) on investments (14,740) (11,943) 2,350
Net change in unrealized gains (losses) on investments 7,850 9,443 (18,410)
Net foreign currency gains (losses) on investments    22 1,532
Commission revenue 18,615 20,383 19,507
Policy fees 13,661 14,475 15,298
Other revenue 6,190 5,998 5,811
Total premiums earned and other revenues 301,159 269,939 225,861
OPERATING COSTS AND EXPENSES      
Losses and loss adjustment expenses 108,615 126,187 124,309
General and administrative expenses 91,988 91,193 67,834
Total operating costs and expenses 200,603 217,380 192,143
INCOME BEFORE INCOME TAXES 100,556 52,559 33,718
Income taxes, current 34,216 18,434 23,152
Income taxes, deferred 7,363 3,813 (9,543)
Income taxes, net 41,579 22,247 13,609
Net Income 58,977 30,312 20,109
Basic earnings per common share $ 1.64 $ 0.76 $ 0.51
Weighted average common shares outstanding - Basic 35,866 39,614 39,184
Fully diluted earnings per common share $ 1.56 $ 0.75 $ 0.50
Weighted average common shares outstanding - Diluted 37,776 40,616 40,442
Cash dividend declared per common share $ 0.49 $ 0.46 $ 0.32
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME      
Net income 58,977 30,312 20,109
Other comprehensive income (loss) (376)    
Comprehensive income (loss) $ 58,601 $ 30,312 $ 20,109