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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Net premiums earned $ 187,159,000 $ 182,903,000
Net investment income 22,027,000 23,186,000
Equity in earnings (loss) of unconsolidated subsidiaries 1,640,000 1,808,000
Net realized investment gains (losses):    
OTTI losses 0 (419,000)
Portion of OTTI losses recognized in other comprehensive income before taxes 0 248,000
Net impairment losses recognized in earnings 0 (171,000)
Other net realized investment gains (losses) (12,517,000) 13,451,000
Total net realized investment gains (losses) (12,517,000) 13,280,000
Other income 2,723,000 1,821,000
Total revenues 201,032,000 222,998,000
Expenses    
Net losses and loss adjustment expenses 129,786,000 119,151,000
Underwriting, policy acquisition and operating expenses    
Operating expense 32,467,000 34,482,000
DPAC amortization 24,893,000 22,626,000
Segregated portfolio cells dividend expense (income) 1,747,000 2,375,000
Interest expense 3,705,000 4,133,000
Total expenses 192,598,000 182,767,000
Income before income taxes 8,434,000 40,231,000
Provision for income taxes    
Current expense (benefit) (1,328,000) (8,278,000)
Deferred expense (benefit) (2,094,000) 7,054,000
Total income tax expense (benefit) (3,422,000) (1,224,000)
Net income 11,856,000 41,455,000
Other comprehensive income (loss), after tax, net of reclassification adjustments (26,373,000) 2,924,000
Comprehensive income (loss) $ (14,517,000) $ 44,379,000
Earnings per share    
Basic (USD per share) $ 0.22 $ 0.78
Diluted (USD per share) $ 0.22 $ 0.77
Weighted average number of common shares outstanding:    
Basic (in shares) 53,515 53,315
Diluted (in shares) 53,682 53,535
Cash dividends declared per common share (USD per share) $ 0.310 $ 0.31