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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
PREMIUMS EARNED AND OTHER REVENUES    
Direct premiums written $ 245,415 $ 227,973
Change in unearned premium (9,040) (6,721)
Direct premium earned 236,375 221,252
Ceded premium earned (74,816) (68,804)
Premiums earned, net 161,559 152,448
Net investment income (expense) 2,704 1,605
Net realized gains (losses) on investments (63) 667
Commission revenue 4,598 4,113
Policy fees 4,483 4,114
Other revenue 1,593 1,499
Total premiums earned and other revenues 174,874 164,446
OPERATING COSTS AND EXPENSES    
Losses and loss adjustment expenses 70,570 66,117
General and administrative expenses 56,933 57,230
Total operating costs and expenses 127,503 123,347
INCOME BEFORE INCOME TAXES 47,371 41,099
Income tax expense 16,172 15,873
NET INCOME $ 31,199 $ 25,226
Basic earnings per common share $ 0.89 $ 0.73
Weighted average common shares outstanding - Basic 35,140 34,527
Diluted earnings per common share $ 0.86 $ 0.71
Weighted average common shares outstanding - Diluted 36,180 35,594
Cash dividend declared per common share $ 0.14 $ 0.14