v2.3.0.15
Consolidated Statements Of Operations (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Gross premiums written$ 73,092$ 86,235$ 255,720$ 271,138
Net premiums written64,93473,206234,449234,210
Net premiums earned77,09070,089231,114215,579
Net investment income12,88014,08941,22442,609
Net realized investment gains:    
Other-than-temporary impairment losses on investments(1,824)(15)(3,730)(467)
Other-than-temporary impairment losses on investments recognized in other comprehensive income   43
Other net realized investment gains3,1121,83325,40122,043
Total net realized investment gains1,2881,81821,67121,619
Other income16717311,999515
Total revenues91,42586,169306,008280,322
Losses and Expenses:    
Net losses and loss adjustment expenses86,23429,789206,329104,253
Acquisition costs and other underwriting expenses34,59728,54194,64687,697
Corporate and other operating expenses2,8625,10610,32915,065
Interest expense1,5251,8255,0205,397
Income (loss) before income taxes(33,793)20,908(10,316)67,910
Income tax expense4541,1465,7584,706
Income (loss) before equity in net income (loss) of partnerships(34,247)19,762(16,074)63,204
Equity in net income (loss) of partnerships, net of taxes  53(29)
Net income (loss)$ (34,247)$ 19,762$ (16,021)$ 63,175
Net Income (loss) Per Share    
Basic$ (1.13)$ 0.65[1]$ (0.53)$ 2.09[1]
Diluted$ (1.13)$ 0.65[1]$ (0.53)$ 2.09[1]
Weighted-average number of shares outstanding    
Basic30,338,01030,273,75730,320,53830,222,074
Diluted30,352,85030,308,48930,341,71330,245,890
[1] Shares outstanding and per share amounts for 2010 have been retrospectively restated to reflect the 1-for-2 stock exchange effective July 2, 2010 when the Company completed its re-domestication to Ireland.