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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUES      
Premiums earned (affiliated $603,233, $586,609 and $566,103) $ 607,158 $ 592,408 $ 570,266
Net investment income 45,479 47,490 45,582
Net realized investment gains, excluding impairment losses on securities available-for-sale 7,644 5,338 7,634
Total other-than-temporary impairment losses on securities available-for-sale (1,088) (1,264) (1,481)
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 (1,088) (1,264) (1,481)
Net realized investment gains 6,556 4,074 6,153
Other income (loss) (affiliated $143, $1,021 and $1,214) (348) 1,011 1,725
Total revenues 658,845 644,983 623,726
LOSSES AND EXPENSES      
Losses and settlement expenses (affiliated $417,259, $385,708 and $368,722) 421,969 386,897 370,736
Dividends to policyholders (all affiliated) 7,610 13,800 7,705
Amortization of deferred policy acquisition costs (affiliated $107,854, $106,931 and $101,090) 108,910 108,403 102,184
Other underwriting expenses (affiliated $76,932, $69,560 and $68,305) 76,806 69,612 68,418
Interest expense (all affiliated) 337 337 337
Other expenses (affiliated $1,825, $1,860 and $1,822) 3,397 2,727 2,690
Total losses and expenses 619,029 581,776 552,070
Income before income tax expense 39,816 63,207 71,656
INCOME TAX EXPENSE (BENEFIT)      
Current 8,004 18,061 18,611
Deferred (7,426) (1,057) 2,883
Total income tax expense 578 17,004 21,494
Net income $ 39,238 $ 46,203 $ 50,162
Net income per common share - basic and diluted $ 1.84 $ 2.20 $ 2.43
Average number of common shares outstanding - basic and diluted (in shares) 21,326,358 21,006,302 20,621,919