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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Gross premiums written $ 87,587 $ 96,020
Gross premiums ceded 0 (9,975)
Net premiums written 87,587 86,045
Change in net unearned premium reserves (14,325) (52,504)
Net premiums earned 73,262 33,541
Net investment income 50,035 81,361
Total revenues 123,297 114,902
Expenses    
Loss and loss adjustment expenses incurred, net 46,259 18,638
Acquisition costs, net 25,431 13,073
General and administrative expenses 10,025 7,008
Other expenses 787 670
Total expenses 82,502 39,389
Income including non-controlling interests 40,795 75,513
Income attributable to non-controlling interests (1,016) (1,083)
Net income $ 39,779 $ 74,430
Earnings per share    
Basic (in dollars per share) $ 0.38 $ 0.94
Diluted (in dollars per share) $ 0.37 $ 0.93
Weighted average number of common shares used in the determination of earnings per share    
Basic (in shares) 103,264,616 78,432,132
Diluted (in shares) 106,413,580 79,083,675