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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2011
Quarterly Financial Data (Unaudited) | ## 26. Quarterly Financial Data (Unaudited) The following is a summary of the unaudited quarterly results of operations:
|  | 2011
(Amounts in Thousands) |  | March 31, |  | June 30, |  | September 30, |  | December 31,
Earned premium |  | $ | 200,338 |  |  | $ | 248,282 |  |  | $ | 288,848 |  |  | $ | 299,393 |
Investment income |  |  | 14,192 |  |  |  | 13,167 |  |  |  | 14,456 |  |  |  | 13,700 |
Net income |  |  | 51,321 |  |  |  | 56,644 |  |  |  | 40,653 |  |  |  | 37,393 |
Income attributable to Common Shareholders |  |  | 45,183 |  |  |  | 50,162 |  |  |  | 37,166 |  |  |  | 37,923 |
Basic EPS |  |  | 0.76 |  |  |  | 0.84 |  |  |  | 0.62 |  |  |  | 0.63 |
Diluted EPS |  |  | 0.74 |  |  |  | 0.81 |  |  |  | 0.60 |  |  |  | 0.61 |
|  | 2010
|  | March 31, |  | June 30, |  | September 30, |  | December 31,
Earned premium |  | $ | 148,100 |  |  | $ | 196,261 |  |  | $ | 190,885 |  |  | $ | 210,413 |
Investment income |  |  | 13,599 |  |  |  | 14,686 |  |  |  | 10,952 |  |  |  | 11,280 |
Net income |  |  | 38,700 |  |  |  | 30,823 |  |  |  | 43,149 |  |  |  | 33,688 |
Income attributable to Common Shareholders |  |  | 38,700 |  |  |  | 30,823 |  |  |  | 39,296 |  |  |  | 33,646 |
Basic EPS |  |  | 0.65 |  |  |  | 0.52 |  |  |  | 0.65 |  |  |  | 0.57 |
Diluted EPS |  |  | 0.64 |  |  |  | 0.51 |  |  |  | 0.65 |  |  |  | 0.56 |
|  | 2009
|  | March 31, |  | June 30, |  | September 30, |  | December 31,
Earned premium |  | $ | 132,423 |  |  | $ | 136,803 |  |  | $ | 145,292 |  |  | $ | 159,364 |
Investment income |  |  | 13,589 |  |  |  | 13,582 |  |  |  | 14,079 |  |  |  | 13,215 |
Net income |  |  | 24,162 |  |  |  | 26,771 |  |  |  | 24,221 |  |  |  | 28,069 |
Basic EPS |  |  | 0.40 |  |  |  | 0.45 |  |  |  | 0.41 |  |  |  | 0.47 |
Diluted EPS |  |  | 0.40 |  |  |  | 0.45 |  |  |  | 0.40 |  |  |  | 0.47 |
During the three months ended March 31, 2010 and December 31, 2010, the Company recorded a retrospective gain of $10,450 and $1,263, respectively, related to an acquisition gain on ACAC for the three months ended March 31, 2010 and related to a gain on the purchase of life settlement contracts in the three months ended September 30, 2010. The impact of the retrospective gain on net income and earnings per share was $6,792 and $0.11 for the three months ended March 31, 2010. The impact of the retrospective gain on net income and income attributable to common shareholders was $821 and $410, respectively. During the three months ended September 30, 2011, the Company in conjunction with the completion of its purchase price accounting related to the Majestic transaction recorded a retrospective gain of $3,185. The impact of the retrospective gain on net income and earnings per share was $2,070 and $0.03 for the three months ended September 30, 2011.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=6952194&loc=d3e1280-108306 + Details
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