XML 15 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Condensed Consolidated Statements of Earnings and Comprehensive Earnings        
Net premiums earned $ 208,734 $ 207,541 $ 424,316 $ 412,230
Net investment income 16,917 16,998 34,695 33,563
Net realized gains (losses) (2,109) 4,764 13,043 13,832
Net unrealized gains (losses) on equity securities 74,705 8,810 (55,690) 42,308
Consolidated revenue 298,247 238,113 416,364 501,933
Losses and settlement expenses 101,202 103,919 212,223 198,216
Policy acquisition costs 69,463 71,742 142,404 143,034
Insurance operating expenses 13,906 16,948 28,287 33,615
Interest expense on debt 1,903 1,861 3,800 3,722
General corporate expenses 1,994 3,283 3,749 6,559
Total expenses 188,468 197,753 390,463 385,146
Equity in earnings of unconsolidated investees 5,100 8,468 9,614 13,782
Earnings before income taxes 114,879 48,828 35,515 130,569
Income tax expense:        
Income tax expense 22,713 8,361 4,616 24,629
Net earnings 92,166 40,467 30,899 105,940
Other comprehensive earnings, net of tax 53,571 27,864 40,540 57,165
Comprehensive earnings $ 145,737 $ 68,331 $ 71,439 $ 163,105
Basic:        
Net earnings per share (in dollars per share) $ 2.05 $ 0.91 $ 0.69 $ 2.37
Comprehensive earnings per share (in dollars per share) 3.24 1.53 1.59 3.66
Diluted:        
Net earnings per share (in dollars per share) 2.04 0.89 0.68 2.35
Comprehensive earnings per share (in dollars per share) $ 3.22 $ 1.51 $ 1.58 $ 3.62
Weighted average number of common shares outstanding        
Basic (in shares) 44,951 44,704 44,936 44,620
Diluted (in shares) 45,274 45,219 45,311 45,056