UNAUDITED INTERIM FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2011

UNAUDITED INTERIM FINANCIAL INFORMATION

UNAUDITED INTERIM FINANCIAL INFORMATION

12. UNAUDITED INTERIM FINANCIAL INFORMATION

Selected quarterly information is as follows:

(in thousands, except per share data)	First		Second		Third			Fourth		Year
2011
Net premiums earned	$	116,051	$	130,826	$	146,552		$	145,023	$	538,452
Net investment income	16,303		15,180		15,954			16,244		63,681
Net realized investment gains (losses)	4,472		10,050		(177		)	2,691		17,036
Earnings before income taxes	38,906		71,405		38,119			41,299		189,729
Net earnings	26,461		47,381		26,057			30,692		130,591
Basic earnings per share(1)	$	1.26	$	2.25	$	1.24		$	1.45	$	6.20
Diluted earnings per share(1)	$	1.24	$	2.22	$	1.22		$	1.43	$	6.09
2010
Net premiums earned	$	116,264	$	121,758	$	128,334		$	127,026	$	493,382
Net investment income	16,600		16,765		16,762			16,672		66,799
Net realized investment gains	6,463		4,291		4,527			7,962		23,243
Earnings before income taxes	34,802		52,229		41,003			50,456		178,490
Net earnings	24,221		34,994		27,965			40,252		127,432
Basic earnings per share(1)	$	1.14	$	1.66	$	1.34		$	1.92	$	6.06
Diluted earnings per share(1)	$	1.13	$	1.65	$	1.33		$	1.90	$	6.00

(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.