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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Gross premiums written $ 95,078 $ 100,382
Ceded premiums written (2,391) (2,551)
Net premiums written 92,687 97,831
Net premiums earned 90,912 95,961
Net investment income 6,710 6,044
Net realized gains (losses) on investments (181) 248
Fee and other income 101 82
Total revenues 97,542 102,335
Expenses    
Loss and loss adjustment expenses incurred 56,216 46,716
Underwriting and certain other operating costs 8,500 7,472
Commissions 6,410 6,878
Salaries and benefits 6,312 5,784
Policyholder dividends 1,371 1,090
Total expenses 78,809 67,940
Income before income taxes 18,733 34,395
Income tax expense 5,209 10,138
Net income $ 13,524 $ 24,257
Earnings per share    
Basic $ 0.71 $ 1.27
Diluted $ 0.70 $ 1.27
Shares used in computing earnings per share    
Basic 19,150,400 19,057,941
Diluted 19,230,125 19,163,789
Cash dividends declared per common share $ 0.20 $ 0.18