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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Gross premiums written $ 148,765 $ 67,644 $ 410,927 $ 303,850
Gross premiums ceded (2,389) 30,637 (925) 24,244
Net premiums written 146,376 98,281 410,002 328,094
Change in net unearned premium reserves 17,515 18,276 (3,640) 20,065
Net premiums earned 163,891 116,557 406,362 348,159
Net investment income 49,448 96,450 134,834 131,161
Other income (expense), net (1) 191 (100) (256)
Total revenues 213,338 213,198 541,096 479,064
Expenses        
Loss and loss adjustment expenses incurred, net 94,366 126,624 238,989 277,268
Acquisition costs, net 53,521 33,820 137,753 107,751
General and administrative expenses 7,085 4,637 16,788 13,619
Total expenses 154,972 165,081 393,530 398,638
Income before income tax expense 58,366 48,117 147,566 80,426
Income tax expense (90) (645) (540) (707)
Net income including non-controlling interest 58,276 47,472 147,026 79,719
Income attributable to non-controlling interest in joint venture (1,740) (1,335) (5,257) (4,518)
Net income $ 56,536 $ 46,137 $ 141,769 $ 75,201
Earnings per share        
Basic $ 1.53 $ 1.26 $ 3.85 $ 2.05
Diluted $ 1.50 $ 1.23 $ 3.78 $ 2.01
Weighted average number of ordinary shares used in the determination of earnings per share        
Basic 36,875,716 36,678,653 36,820,199 36,630,136
Diluted 37,645,053 37,402,725 37,541,623 37,360,049