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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
PREMIUMS EARNED AND OTHER REVENUES    
Direct premiums written $ 191,917 $ 204,139
Ceded premiums written (121,649) (141,317)
Net premiums written 70,268 62,822
Change in net unearned premium (6,461) 2,587
Premiums earned, net 63,807 65,409
Net investment income (expense) 518 12
Net realized gains (losses) on investments 902 (16,037)
Net change in unrealized gains (losses) on investments   7,874
Commission revenue 4,089 4,986
Policy fees 3,512 3,687
Other revenue 1,477 1,524
Total premiums earned and other revenues 74,305 67,455
OPERATING COSTS AND EXPENSES    
Losses and loss adjustment expenses 26,825 26,483
General and administrative expenses 24,363 21,210
Total operating costs and expenses 51,188 47,693
INCOME BEFORE INCOME TAXES 23,117 19,762
Income taxes, current 9,059 3,947
Income taxes, deferred 509 3,856
Income taxes, net 9,568 7,803
NET INCOME $ 13,549 $ 11,959
Basic earnings per common share $ 0.41 $ 0.30
Weighted average common shares outstanding-Basic 33,422 39,917
Fully diluted earnings per common share $ 0.38 $ 0.29
Weighted average common shares outstanding-Diluted 35,641 41,199
Cash dividend declared per common share $ 0.10 $ 0.08