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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Net premiums written $ 108,513 $ 92,399 $ 208,979 $ 174,656
Increase in unearned premiums (7,802) (14,038) (13,865) (21,257)
Net premiums earned 100,711 78,361 195,114 153,399
Net investment income 6,701 4,720 12,884 9,000
Realized investment gains, net 583 568 1,054 1,217
Other income 170 418 1,579 462
Total revenues 108,165 84,067 210,631 164,078
Losses and expenses:        
Provision for losses and LAE 2,964 2,314 6,695 4,313
Other underwriting and operating expenses 31,409 27,148 62,797 54,646
Total losses and expenses 34,373 29,462 69,492 58,959
Income before income taxes 73,792 54,605 141,139 105,119
Income tax expense 21,534 17,412 40,930 33,088
Net income $ 52,258 $ 37,193 $ 100,209 $ 72,031
Earnings per share:        
Basic (in dollars per share) $ 0.57 $ 0.41 $ 1.10 $ 0.80
Diluted (in dollars per share) $ 0.57 $ 0.41 $ 1.09 $ 0.79
Weighted average shares outstanding:        
Basic (in shares) 90,912 90,344 90,848 90,265
Diluted (in shares) 92,138 91,674 91,999 91,594
Net income $ 52,258 $ 37,193 $ 100,209 $ 72,031
Other comprehensive income (loss):        
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $5,049 and ($4,002) in the three months ended June 30, 2016 and 2015 and $10,763 and ($1,892) in the six months ended June 30, 2016 and 2015 10,702 (8,769) 24,061 (3,880)
Total other comprehensive income (loss) 10,702 (8,769) 24,061 (3,880)
Comprehensive income $ 62,960 $ 28,424 $ 124,270 $ 68,151