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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
PREMIUMS EARNED AND OTHER REVENUES        
Direct premiums written $ 296,191 $ 271,921 $ 541,606 $ 499,894
Change in unearned premium (51,568) (45,102) (60,608) (51,823)
Direct premium earned 244,623 226,819 480,998 448,071
Ceded premium earned (75,614) (70,358) (150,430) (139,162)
Premiums earned, net 169,009 156,461 330,568 308,909
Net investment income (expense) 3,223 2,142 5,927 3,747
Net realized gains (losses) on investments 1,710 576 1,647 1,243
Commission revenue 4,644 4,210 9,242 8,323
Policy fees 5,250 4,753 9,733 8,867
Other revenue 1,651 1,660 3,244 3,159
Total premiums earned and other revenues 185,487 169,802 360,361 334,248
OPERATING COSTS AND EXPENSES        
Losses and loss adjustment expenses 80,184 60,083 150,754 126,200
General and administrative expenses 57,380 54,825 114,313 112,055
Total operating costs and expenses 137,564 114,908 265,067 238,255
INCOME BEFORE INCOME TAXES 47,923 54,894 95,294 95,993
Income tax expense 18,547 21,247 34,719 37,120
NET INCOME $ 29,376 $ 33,647 $ 60,575 $ 58,873
Basic earnings per common share $ 0.84 $ 0.96 $ 1.73 $ 1.69
Weighted average common shares outstanding - Basic 34,959 35,062 35,049 34,795
Diluted earnings per common share $ 0.82 $ 0.94 $ 1.68 $ 1.65
Weighted average common shares outstanding - Diluted 35,958 35,649 36,061 35,575
Cash dividend declared per common share $ 0.14 $ 0.14 $ 0.28 $ 0.28