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Unaudited Condensed Consolidated Statements Of Operations And Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES:        
Gross premiums written $ 754,062 $ 707,884 $ 2,460,646 $ 2,369,682
Premiums ceded (147,070) (139,142) (477,457) (475,402)
Net premiums written 606,992 568,742 1,983,189 1,894,280
Change in unearned premiums 43,661 (27,005) (117,612) (285,011)
Net premiums earned 650,653 541,737 1,865,577 1,609,269
Net investment income 45,667 43,412 132,978 127,824
Net realized investment (losses) gains (113,626) (35,136) (88,783) 104,286
Other income 735 1,032 2,513 1,032
Total revenues 583,429 551,045 1,912,285 1,842,411
EXPENSES:        
Net losses and loss expenses 416,881 336,090 1,173,578 926,231
Acquisition costs 100,101 72,403 279,418 214,404
General and administrative expenses 105,798 88,294 311,299 264,822
Other expense 1,245 6,575 4,303 6,575
Amortization of intangible assets 2,639 633 6,091 1,900
Interest expense 14,469 14,325 43,272 43,451
Foreign exchange (gain) loss (793) 278 10,369 978
Total expenses 640,340 518,598 1,828,330 1,458,361
(Loss) income before income taxes (56,911) 32,447 83,955 384,050
Income tax (benefit) expense (5,281) 1,532 1,771 24,300
NET (LOSS) INCOME (51,630) 30,915 82,184 359,750
Other comprehensive loss: foreign currency translation adjustment, net of tax (993) 0 (4,265) 0
COMPREHENSIVE (LOSS) INCOME $ (52,623) $ 30,915 $ 77,919 $ 359,750
PER SHARE DATA        
Basic (loss) earnings per share $ (0.57) $ 0.32 $ 0.88 $ 3.67
Diluted (loss) earnings per share $ (0.57) $ 0.31 $ 0.87 $ 3.60
Weighted average common shares outstanding 90,882,511 96,458,231 93,068,088 97,926,378
Weighted average common shares and common share equivalents outstanding 90,882,511 98,444,238 94,724,980 99,965,296
Dividends paid per share $ 0.260 $ 0.225 $ 0.710 $ 0.559