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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenue    
Gross premiums earned $ 93,888 $ 82,547
Premiums ceded (27,508) (21,996)
Net premiums earned 66,380 60,551
Net investment income 1,059 139
Policy fee income 257 772
Net realized investment gains 4 20
Other 417 329
Total revenue 68,117 61,811
Expenses    
Losses and loss adjustment expenses 18,565 15,872
Policy acquisition and other underwriting expenses 9,129 5,968
Interest expense 2,574 686
Other operating expenses 9,539 6,115
Total expenses 39,807 28,641
Income before income taxes 28,310 33,170
Income tax expense 10,690 12,783
Net income 17,620 20,387
Preferred stock dividends 3 (34)
Income available to common stockholders $ 17,623 $ 20,353
Basic earnings per common share $ 1.60 $ 1.87
Diluted earnings per common share $ 1.44 $ 1.81
Dividends per common share $ 0.28 $ 0.23