v3.3.1.900
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Gross premiums written $ 2,662,825 $ 2,507,352 $ 2,204,159
Net premiums written 2,514,116 2,458,136 2,096,301
Change in unearned premiums (85,047) (206,393) (95,414)
Net premiums earned 2,429,069 2,251,743 2,000,887
Other insurance revenue 11,512 13,410 14,232
Net investment income 131,092 117,215 91,352
Net realized gains on investment 2,498 1,163 3,585
Total other-than-temporary impairment losses (1,060) (2,364) 0
Portion of loss recognized in other comprehensive income (loss) 0 0 0
Net impairment losses recognized in earnings (1,060) (2,364) 0
Total revenues 2,573,111 2,381,167 2,110,056
Expenses      
Net loss and loss adjustment expenses 1,633,570 1,498,271 1,349,630
Commission and other acquisition expenses 724,197 659,315 556,578
General and administrative expenses 64,872 62,558 58,353
Interest and amortization expenses 29,063 29,959 39,805
Accelerated amortization of junior subordinated debt discount and issuance cost 0 28,240 0
Amortization of intangible assets 2,840 3,277 3,780
Foreign exchange and other gains (7,753) (4,150) (2,809)
Total expenses 2,446,789 2,277,470 2,005,337
Income before income taxes 126,322 103,697 104,719
Income tax expense 2,038 2,164 1,863
Net income 124,284 101,533 102,856
Loss (income) attributable to noncontrolling interests 192 (142) (121)
Net income attributable to Maiden 124,476 101,391 102,735
Dividends on preference shares (24,337) (24,337) (14,834)
Net income attributable to Maiden common shareholders $ 100,139 $ 77,054 $ 87,901
Basic earnings per share attributable to Maiden shareholders (in dollars per share) $ 1.36 $ 1.06 $ 1.21
Diluted earnings per share attributable to Maiden shareholders (in dollars per share) 1.31 1.04 1.18
Dividends declared per common share (in dollars per share) $ 0.53 $ 0.46 $ 0.38
Weighted average number of common shares - basic (in shares) 73,478,544 72,843,782 72,510,361
Adjusted weighted average number of common shares and assumed conversions - diluted (in shares) 85,638,235 74,117,568 76,417,839