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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
PREMIUMS EARNED AND OTHER REVENUES        
Direct premiums written $ 249,971 $ 220,009 $ 461,576 $ 411,926
Ceded premiums written (7,933) (76,483) (114,430) (198,132)
Net premiums written 242,038 143,526 347,146 213,794
Change in net unearned premiums (129,150) (70,164) (139,898) (76,625)
Premiums earned, net 112,888 73,362 207,248 137,169
Net investment income (expense) 1,207 412 2,069 930
Net realized gains (losses) on investments 110 3,950 281 4,852
Commission revenue 3,474 3,670 6,642 7,759
Policy fees 4,352 3,899 8,184 7,411
Other revenue 1,560 1,696 2,977 3,173
Total premiums earned and other revenues 123,591 86,989 227,401 161,294
OPERATING COSTS AND EXPENSES        
Losses and loss adjustment expenses 39,704 27,679 73,294 54,504
General and administrative expenses 42,667 28,901 74,864 53,264
Total operating costs and expenses 82,371 56,580 148,158 107,768
INCOME BEFORE INCOME TAXES 41,220 30,409 79,243 53,526
Income tax expense 16,516 13,283 32,209 22,851
NET INCOME $ 24,704 $ 17,126 $ 47,034 $ 30,675
Basic earnings per common share $ 0.71 $ 0.50 $ 1.35 $ 0.91
Weighted average common shares outstanding - Basic 35,019 33,968 34,800 33,696
Fully diluted earnings per common share $ 0.69 $ 0.49 $ 1.31 $ 0.87
Weighted average common shares outstanding - Diluted 36,002 35,174 35,987 35,450
Cash dividend declared per common share $ 0.12 $ 0.10 $ 0.24 $ 0.20