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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Net premiums earned $ 406,225 $ 358,963 $ 1,177,266 $ 1,065,886
Net investment income earned 30,650 35,786 97,284 118,604
Net realized gains (losses):        
Net realized investment gains 1,856 498 6,907 9,203
Other-than-temporary impairments (921) (2,693) (1,218) (3,062)
Other-than-temporary impairments on fixed maturity securities recognized in other comprehensive income (2,023) 150 (2,241) (280)
Total net realized gains (losses) (1,088) (2,045) 3,448 5,861
Other income 1,085 1,365 7,129 6,744
Total revenues 436,872 394,069 1,285,127 1,197,095
Expenses:        
Losses and loss expenses incurred 272,251 305,958 813,060 829,719
Policy acquisition costs 131,849 116,111 391,026 346,318
Interest expense 4,725 4,559 14,148 13,675
Other expenses 7,733 4,924 24,080 18,807
Total expenses 416,558 431,552 1,242,314 1,208,519
Income (loss) from continuing operations before federal income tax 20,314 (37,483) 42,813 (11,424)
Federal income tax expense (benefit):        
Current (5,088) (20,001) 1,590 (12,614)
Deferred 7,128 (164) 4,568 (3,459)
Total federal income tax expense (benefit) 2,040 (20,165) 6,158 (16,073)
Net income (loss) from continuing operations 18,274 (17,318) 36,655 4,649
Loss on disposal of discontinued operations, net of tax $(350) in Third Quarter and Nine Months 2011 0 (650) 0 (650)
Net income (loss) $ 18,274 $ (17,968) $ 36,655 $ 3,999
Earnings per share:        
Basic net income (loss) from continuing operations $ 0.33 $ (0.32) $ 0.67 $ 0.08
Basic net loss from disposal of discontinued operations $ 0.00 $ (0.01) $ 0.00 $ (0.01)
Basic net income (loss) $ 0.33 $ (0.33) $ 0.67 $ 0.07
Diluted net income (loss) from continuing operations $ 0.33 $ (0.32) $ 0.66 $ 0.08
Diluted net loss from disposal of discontinued operations $ 0.00 $ (0.01) $ 0.00 $ (0.01)
Diluted net income (loss) $ 0.33 $ (0.33) $ 0.66 $ 0.07
Dividends to stockholders $ 0.13 $ 0.13 $ 0.39 $ 0.39