UNAUDITED INTERIM FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2019

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
2019
Net premiums earned	$	204,689	$	207,541	$	211,255	$	215,626	$	839,111
Net investment income		16,565		16,998		17,532		17,775		68,870
Net realized gains		9,068		4,764		3,211		477		17,520
Net unrealized gains (losses) on equity securities		33,498		8,810		4,906		30,876		78,090
Earnings (losses) before income taxes		81,741		48,828		38,947		63,218		232,734
Net earnings (loss)		65,473		40,467		32,324		53,378		191,642
Basic earnings per share(1)	$	1.47	$	0.91	$	0.72	$	1.19	$	4.28
Diluted earnings per share(1)	$	1.46	$	0.89	$	0.71	$	1.18	$	4.23
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		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

(1) 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.