XML 14 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Condensed Consolidated Statements of Earnings and Comprehensive Earnings        
Net premiums earned $ 200,815 $ 182,025 $ 587,364 $ 549,641
Net investment income 16,314 14,187 45,123 40,430
Net realized gains 18,808 35 48,117 1,390
Other-than-temporary-impairment (OTTI) losses on investments (161)   (217) (2,090)
Net unrealized gains (losses) on equity securities 4,848   (34,535)  
Consolidated revenue 240,624 196,247 645,852 589,371
Losses and settlement expenses 110,231 123,190 304,305 306,927
Policy acquisition costs 68,414 62,066 201,473 186,264
Insurance operating expenses 14,408 11,701 42,191 38,582
Interest expense on debt 1,862 1,856 5,576 5,569
General corporate expenses 2,947 1,956 7,871 7,816
Total expenses 197,862 200,769 561,416 545,158
Equity in earnings of unconsolidated investees 3,587 3,660 15,853 15,404
Earnings (loss) before income taxes 46,349 (862) 100,289 59,617
Income tax expense:        
Income tax expense (benefit) 6,977 (2,596) 15,450 11,847
Net earnings 39,372 1,734 84,839 47,770
Other comprehensive earnings (loss), net of tax (7,696) 8,444 (41,769) 30,812
Comprehensive earnings $ 31,676 $ 10,178 $ 43,070 $ 78,582
Basic:        
Net earnings per share (in dollars per share) $ 0.89 $ 0.04 $ 1.91 $ 1.09
Comprehensive earnings per share (in dollars per share) 0.71 0.23 0.97 1.79
Diluted:        
Net earnings per share (in dollars per share) 0.88 0.04 1.90 1.07
Comprehensive earnings per share (in dollars per share) $ 0.70 $ 0.23 $ 0.96 $ 1.77
Weighted average number of common shares outstanding        
Basic (in shares) 44,400 44,058 44,311 44,008
Diluted (in shares) 44,940 44,515 44,760 44,517
Cash dividends paid per common share $ 0.22 $ 0.21 $ 0.65 $ 0.62