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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Premiums earned (affiliated $141,715 and $137,419) $ 142,737 $ 138,731
Net investment income 12,230 11,206
Net realized investment gains (losses), excluding impairment losses on securities available-for-sale (654) 1,401
Total other-than-temporary impairment losses on securities available-for-sale (431) (618)
Portion of other-than-temporary impairment losses on fixed maturity securities available-for-sale reclassified from other comprehensive income (before taxes) 0 0
Net impairment losses on securities available-for-sale (431) (618)
Net realized investment gains (losses) (1,085) 783
Other income (loss) (affiliated $123 and $657) (11) 1,615
Total revenues 153,871 152,335
LOSSES AND EXPENSES    
Losses and settlement expenses (affiliated $85,258 and $75,272) 85,109 75,785
Dividends to policyholders (all affiliated) 3,853 2,900
Amortization of deferred policy acquisition costs (affiliated $26,118 and $25,212) 26,328 25,441
Other underwriting expenses (all affiliated) 16,971 17,521
Interest expense (all affiliated) 84 84
Other expenses (affiliated $437 and $441) 649 667
Total losses and expenses 132,994 122,398
Income before income tax expense 20,877 29,937
INCOME TAX EXPENSE (BENEFIT)    
Current 7,618 9,205
Deferred (1,395) 402
Total income tax expense 6,223 9,607
Net income $ 14,654 $ 20,330
Net income per common share - basic and diluted $ 0.70 $ 1.00
Dividend per common share $ 0.190 $ 0.167
Average number of common shares outstanding - basic and diluted (in shares) 20,842,199 20,436,302