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Condensed Consolidated Statements of Earnings and Comprehensive Earnings (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net premiums earned $ 130,826 $ 121,758 $ 246,877 $ 238,022
Net investment income 15,180 16,765 31,483 33,365
Net realized investment gains 10,050 4,291 14,522 10,754
Other-than-temporary impairment (OTTI) losses on investments 0   0  
Consolidated revenue 156,056 142,814 292,882 282,141
Losses and settlement expenses 30,363 45,072 77,234 99,329
Policy acquisition costs 42,568 37,715 83,101 78,180
Insurance operating expenses 12,130 8,170 21,745 16,997
Interest expense on debt 1,512 1,513 3,024 3,025
General corporate expenses 1,964 1,541 3,969 3,258
Total expenses 88,537 94,011 189,073 200,789
Equity in earnings of unconsolidated investee 3,886 3,426 6,502 5,679
Earnings before income taxes 71,405 52,229 110,311 87,031
Income tax expense 24,024 17,235 36,469 27,816
Net earnings 47,381 34,994 73,842 59,215
Other comprehensive earnings (loss), net of tax 2,760 (11,765) 8,008 (2,490)
Comprehensive earnings $ 50,141 $ 23,229 $ 81,850 $ 56,725
Basic:        
Basic net earnings per share (in dollars per share) $ 2.25 $ 1.66 $ 3.51 $ 2.81
Basic comprehensive earnings per share (in dollars per share) $ 2.38 $ 1.10 $ 3.89 $ 2.69
Diluted:        
Diluted net earnings per share (in dollars per share) $ 2.22 $ 1.65 $ 3.46 $ 2.78
Diluted comprehensive earnings per share (in dollars per share) $ 2.35 $ 1.09 $ 3.84 $ 2.66
Weighted average number of common shares outstanding        
Basic (in shares) 21,075 21,026 21,050 21,100
Diluted (in shares) 21,332 21,223 21,315 21,298
Cash dividends declared per common share (in dollars per share) $ 0.30 $ 0.29 $ 0.59 $ 0.57