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Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net premiums earned $ 207,541 $ 196,522 $ 412,230 $ 386,549
Net investment income 16,998 14,577 33,563 28,809
Net realized gains 4,764 20,849 13,832 29,309
Other-than-temporary-impairment (OTTI) losses on investments       (56)
Net unrealized gains (losses) on equity securities 8,810 (12,611) 42,308 (39,383)
Consolidated revenue 238,113 219,337 501,933 405,228
Losses and settlement expenses 103,919 101,653 198,216 194,074
Policy acquisition costs 71,742 66,325 143,034 133,059
Insurance operating expenses 16,948 14,398 33,615 27,783
Interest expense on debt 1,861 1,858 3,722 3,714
General corporate expenses 3,283 2,641 6,559 4,924
Total expenses 197,753 186,875 385,146 363,554
Equity in earnings of unconsolidated investees 8,468 7,100 13,782 12,266
Earnings before income taxes 48,828 39,562 130,569 53,940
Income tax expense:        
Income tax expense 8,361 6,311 24,629 8,473
Net earnings 40,467 33,251 105,940 45,467
Other comprehensive earnings (loss), net of tax 27,864 (7,675) 57,165 (34,073)
Comprehensive earnings $ 68,331 $ 25,576 $ 163,105 $ 11,394
Basic:        
Net earnings per share (in dollars per share) $ 0.91 $ 0.75 $ 2.37 $ 1.03
Comprehensive earnings per share (in dollars per share) 1.53 0.58 3.66 0.26
Diluted:        
Net earnings per share (in dollars per share) 0.89 0.74 2.35 1.01
Comprehensive earnings per share (in dollars per share) $ 1.51 $ 0.57 $ 3.62 $ 0.25
Weighted average number of common shares outstanding        
Basic (in shares) 44,704 44,310 44,620 44,266
Diluted (in shares) 45,219 44,742 45,056 44,853
Cash dividends paid per common share $ 0.23 $ 0.22 $ 0.45 $ 0.43