Quarterly Operating Results (Notes)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

Quarterly Operating Results (Unaudited)

Quarterly operating results for 2016 and 2015 were as follows:

(in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2016
Total revenues	$	424,173	$	446,518	$	462,274	$	433,664
Total expenses	$	321,624	$	337,441	$	345,302	$	338,763
Income before income taxes	$	102,549	$	109,077	$	116,972	$	94,901
Net income	$	62,070	$	66,250	$	71,545	$	57,626
Net income per share:
Basic	$	0.45	$	0.47	$	0.51	$	0.41
Diluted	$	0.44	$	0.47	$	0.50	$	0.41
2015
Total revenues	$	404,298	$	419,447	$	432,167	$	404,597
Total expenses	$	310,520	$	318,533	$	319,337	$	309,560
Income before income taxes	$	93,778	$	100,914	$	112,830	$	95,037
Net income	$	56,951	$	61,005	$	67,427	$	57,935
Net income per share:
Basic	$	0.40	$	0.43	$	0.48	$	0.41
Diluted	$	0.39	$	0.43	$	0.47	$	0.41

Quarterly financial results are affected by seasonal variations. The timing of the Company’s receipt of profit-sharing contingent commissions, policy renewals and acquisitions may cause revenues, expenses and net income to vary significantly between quarters.