XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Net premiums written $ 119,297 $ 100,466
Increase in unearned premiums (1,646) (6,063)
Net premiums earned 117,651 94,403
Net investment income 8,435 6,183
Realized investment gains, net 655 471
Other income 851 1,409
Total revenues 127,592 102,466
Losses and expenses:    
Provision for losses and LAE 3,693 3,731
Other underwriting and operating expenses 36,332 31,388
Interest expense 716 0
Total losses and expenses 40,741 35,119
Income before income taxes 86,851 67,347
Income tax expense 20,253 19,396
Net income $ 66,598 $ 47,951
Earnings per share:    
Basic (in dollars per share) $ 0.73 $ 0.53
Diluted (in dollars per share) $ 0.72 $ 0.52
Weighted average shares outstanding:    
Basic (in shares) 91,258 90,785
Diluted (in shares) 93,023 91,859
Net income $ 66,598 $ 47,951
Other comprehensive income (loss):    
Change in unrealized appreciation of investments, net of tax expense of $2,061 in 2017 and $5,714 in 2016 4,850 13,359
Total other comprehensive income 4,850 13,359
Comprehensive income $ 71,448 $ 61,310