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Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Condensed Consolidated Statements of Earnings and Comprehensive Earnings        
Net premiums earned $ 211,255 $ 200,815 $ 623,485 $ 587,364
Net investment income 17,532 16,314 51,095 45,123
Net realized gains 3,211 18,808 17,043 48,117
Other-than-temporary-impairment (OTTI) losses on investments   (161)   (217)
Net unrealized gains (losses) on equity securities 4,906 4,848 47,214 (34,535)
Consolidated revenue 236,904 240,624 738,837 645,852
Losses and settlement expenses 108,990 110,231 307,206 304,305
Policy acquisition costs 71,552 68,414 214,586 201,473
Insurance operating expenses 16,982 14,408 50,597 42,191
Interest expense on debt 1,861 1,862 5,583 5,576
General corporate expenses 2,583 2,947 9,142 7,871
Total expenses 201,968 197,862 587,114 561,416
Equity in earnings of unconsolidated investees 4,011 3,587 17,793 15,853
Earnings before income taxes 38,947 46,349 169,516 100,289
Income tax expense:        
Income tax expense 6,623 6,977 31,252 15,450
Net earnings 32,324 39,372 138,264 84,839
Other comprehensive earnings (loss), net of tax 15,341 (7,696) 72,506 (41,769)
Comprehensive earnings $ 47,665 $ 31,676 $ 210,770 $ 43,070
Basic:        
Net earnings per share (in dollars per share) $ 0.72 $ 0.89 $ 3.09 $ 1.91
Comprehensive earnings per share (in dollars per share) 1.06 0.71 4.72 0.97
Diluted:        
Net earnings per share (in dollars per share) 0.71 0.88 3.06 1.90
Comprehensive earnings per share (in dollars per share) $ 1.05 $ 0.70 $ 4.66 $ 0.96
Weighted average number of common shares outstanding        
Basic (in shares) 44,823 44,400 44,689 44,311
Diluted (in shares) 45,349 44,940 45,192 44,760
Cash dividends paid per common share $ 0.23 $ 0.22 $ 0.68 $ 0.65