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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Net earned premiums $ 192,824 $ 187,393 $ 382,535 $ 373,047
Net investment income 9,715 9,641 18,810 19,268
Earnings from partnership investments 769 1,409 882 2,287
Net realized gains on investments 567 360 2,109 37
Net impairment losses on investments (a)   (137)   (429)
Finance and other service income 4,374 4,284 8,683 8,569
Total revenue 208,249 202,950 413,019 402,779
Expenses        
Losses and loss adjustment expenses 117,049 115,144 245,479 241,123
Underwriting, operating and related expenses 60,979 57,513 120,649 113,470
Interest expense 23 23 45 45
Total expenses 178,051 172,680 366,173 354,638
Income before income taxes 30,198 30,270 46,846 48,141
Income tax expense 9,093 8,905 13,722 14,106
Net income $ 21,105 $ 21,365 $ 33,124 $ 34,035
Earnings per weighted average common share:        
Basic (in dollars per share) $ 1.40 $ 1.42 $ 2.19 $ 2.26
Diluted (in dollars per share) 1.39 1.41 2.18 2.25
Cash dividends paid per common share (in dollars per share) $ 0.70 $ 0.70 $ 1.40 $ 1.40
Number of shares used in computing earnings per share:        
Basic (in shares) 15,020,028 14,960,516 15,000,127 14,932,237
Diluted (in shares) 15,114,284 15,041,077 15,105,554 14,988,546