UNAUDITED INTERIM FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2018

UNAUDITED INTERIM FINANCIAL INFORMATION

Schedule of selected quarterly information

Select unaudited quarterly information is as follows:

(in thousands, except per share data)	First		Second		Third		Fourth		Year
2018
Net premiums earned	$	190,027	$	196,522	$	200,815	$	204,002	$	791,366
Net investment income		14,232		14,577		16,314		16,962		62,085
Net realized gains (losses)		8,404		20,849		18,647		15,507		63,407
Net unrealized gains (losses) on equity securities		(26,772)		(12,611)		4,848		(64,200)		(98,735)
Earnings (losses) before income taxes		14,378		39,562		46,349		(32,708)		67,581
Net earnings (loss)		12,216		33,251		39,372		(20,660)		64,179
Basic earnings per share(1)	$	0.28	$	0.75	$	0.89	$	(0.46)	$	1.45
Diluted earnings per share(1)	$	0.27	$	0.74	$	0.88	$	(0.46)	$	1.43
2017
Net premiums earned	$	183,285	$	184,331	$	182,025	$	188,296	$	737,937
Net investment income		13,005		13,238		14,187		14,446		54,876
Net realized gains (losses)		624		(1,359)		35		5,111		4,411
Net unrealized gains (losses) on equity securities		—		—		—		—		—
Earnings (losses) before income taxes		26,443		34,036		(862)		24,972		84,589
Net earnings (loss)		19,828		26,208		1,734		57,258		105,028
Basic earnings per share(1)	$	0.45	$	0.60	$	0.04	$	1.30	$	2.39
Diluted earnings per share(1)	$	0.45	$	0.59	$	0.04	$	1.29	$	2.36

Since the weighted-average shares for the quarters are calculated independently of the weighted-average shares for the year, quarterly earnings per share may not total to annual earnings per share.