XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Condensed Consolidated Statements of Earnings and Comprehensive Earnings        
Net premiums earned $ 182,025 $ 183,595 $ 549,641 $ 540,739
Net investment income 14,187 13,504 40,430 39,922
Net realized gains 35 9,347 1,390 23,457
Other-than-temporary-impairment (OTTI) losses on investments   (95) (2,090) (95)
Consolidated revenue 196,247 206,351 589,371 604,023
Losses and settlement expenses 123,190 97,892 306,927 259,340
Policy acquisition costs 62,066 61,761 186,264 184,525
Insurance operating expenses 11,701 13,338 38,582 38,950
Interest expense on debt 1,856 1,857 5,569 5,570
General corporate expenses 1,956 2,242 7,816 7,385
Total expenses 200,769 177,090 545,158 495,770
Equity in earnings of unconsolidated investees 3,660 1,881 15,404 10,823
Earnings (loss) before income taxes (862) 31,142 59,617 119,076
Income tax expense:        
Total tax expense (benefit) (2,596) 8,879 11,847 36,343
Net earnings 1,734 22,263 47,770 82,733
Other comprehensive earnings (loss), net of tax 8,444 (6,931) 30,812 33,898
Comprehensive earnings $ 10,178 $ 15,332 $ 78,582 $ 116,631
Basic:        
Net earnings per share (in dollars per share) $ 0.04 $ 0.51 $ 1.09 $ 1.89
Comprehensive earnings per share (in dollars per share) 0.23 0.35 1.79 2.67
Diluted:        
Net earnings per share (in dollars per share) 0.04 0.50 1.07 1.86
Comprehensive earnings per share (in dollars per share) $ 0.23 $ 0.34 $ 1.77 $ 2.63
Weighted average number of common shares outstanding        
Basic (in shares) 44,058 43,843 44,008 43,721
Diluted (in shares) 44,515 44,492 44,517 44,416
Cash dividends paid per common share $ 0.21 $ 0.20 $ 0.62 $ 0.59