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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Net premiums earned $ 346,156 $ 368,704 $ 375,894
Net investment income 29,281 28,106 27,902
Net realized losses on investments (647) (494) (2,494)
Loss on disposal of assets (2) (1) (664)
Fee and other income 420 347 316
Total revenues 375,208 396,662 400,954
Expenses      
Loss and loss adjustment expenses incurred 209,324 199,031 214,573
Underwriting and certain other operating costs 28,333 29,470 32,162
Commissions 24,812 26,243 27,509
Salaries and benefits 25,631 24,881 24,442
Policyholder dividends 4,868 4,216 1,301
Total expenses 292,968 283,841 299,987
Income before income taxes 82,240 112,821 100,967
Income tax expense 36,009 34,956 30,505
Net income 46,231 77,865 70,462
Net income available to common shareholders $ 46,231 $ 77,865 $ 70,462
Earnings per share      
Basic $ 2.41 $ 4.08 $ 3.72
Diluted $ 2.40 $ 4.05 $ 3.69
Shares used in computing earnings per share      
Basic 19,165,489 19,105,806 18,941,077
Diluted 19,245,866 19,203,650 19,119,186
Extraordinary cash dividends declared per common share $ 3.50 $ 3.25 $ 3.00
Cash dividends declared per common share $ 0.80 $ 0.72 $ 0.60