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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES    
Premiums earned (affiliated $143,611 and $141,715) $ 144,487 $ 142,737
Net investment income 11,007 12,230
Net realized investment losses, excluding impairment losses on securities available-for-sale (627) (654)
Total other-than-temporary impairment losses on securities available-for-sale 0 (431)
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 0 (431)
Net realized investment losses (627) (1,085)
Other losses (affiliated $(271) and $123) (410) (11)
Total revenues 154,457 153,871
LOSSES AND EXPENSES    
Losses and settlement expenses (affiliated $94,771 and $85,258) 96,285 85,109
Dividends to policyholders (all affiliated) 2,722 3,853
Amortization of deferred policy acquisition costs (affiliated $26,595 and $26,118) 26,811 26,328
Other underwriting expenses (affiliated $19,413 and $16,971) 19,354 16,971
Interest expense (all affiliated) 84 84
Other expenses (affiliated $467 and $437) 761 649
Total losses and expenses 146,017 132,994
Income before income tax expense 8,440 20,877
INCOME TAX EXPENSE (BENEFIT)    
Current 2,046 7,618
Deferred (410) (1,395)
Total income tax expense 1,636 6,223
Net income $ 6,804 $ 14,654
Net income per common share - basic and diluted $ 0.32 $ 0.70
Dividend per common share $ 0.21 $ 0.19
Average number of common shares outstanding - basic and diluted (in shares) 21,254,430 20,842,199