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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES      
Premiums earned (affiliated $586,609, $566,103 and $534,105) $ 592,408 $ 570,266 $ 540,722
Net investment income 47,490 45,582 46,465
Net realized investment gains, excluding impairment losses on securities available-for-sale 5,338 7,634 5,227
Total other-than-temporary impairment losses on securities available-for-sale (1,264) (1,481) (878)
Portion of other-than-temporary impairment losses on fixed maturity securities available-for-sale reclassified from other comprehensive income (before taxes) 0 0 0
Net impairment losses on securities available-for-sale (1,264) (1,481) (878)
Net realized investment gains 4,074 6,153 4,349
Other income (affiliated $1,021, $1,214 and $1,784) 1,011 1,725 2,931
Total revenues 644,983 623,726 594,467
LOSSES AND EXPENSES      
Losses and settlement expenses (affiliated $385,708, $368,722 and $378,263) 386,897 370,736 385,474
Dividends to policyholders (all affiliated) 13,800 7,705 9,504
Amortization of deferred policy acquisition costs (affiliated $106,931, $101,090 and $97,551) 108,403 102,184 99,042
Other underwriting expenses (affiliated $69,560, $68,305 and $57,148) 69,612 68,418 56,826
Interest expense (all affiliated) 337 337 337
Other expenses (affiliated $1,860, $1,822 and $1,570) 2,727 2,690 2,377
Total losses and expenses 581,776 552,070 553,560
Income before income tax expense 63,207 71,656 40,907
INCOME TAX EXPENSE (BENEFIT)      
Current 18,061 18,611 7,280
Deferred (1,057) 2,883 3,635
Total income tax expense 17,004 21,494 10,915
Net income $ 46,203 $ 50,162 $ 29,992
Net income per common share - basic and diluted $ 2.20 $ 2.43 $ 1.48
Average number of common shares outstanding - basic and diluted (in shares) 21,006,302 20,621,919 20,205,935