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Consolidated Statements of Earnings and Comprehensive Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net premiums earned $ 538,452 $ 493,382 $ 491,961
Net investment income 63,681 66,799 67,346
Net realized investment gains 17,293 23,243 32,538
Other-than-temporary-impairment losses on investments (257)   (45,293)
Consolidated revenue 619,169 583,424 546,552
Losses and settlement expenses 200,084 201,332 203,388
Policy acquisition costs 177,725 158,071 162,020
Insurance operating expenses 44,312 38,584 39,768
Interest expense on debt 6,050 6,050 6,050
General corporate expenses 7,766 7,998 7,941
Total expenses 435,937 412,035 419,167
Equity in earnings of unconsolidated investee 6,497 7,101 5,052
Earnings before income taxes 189,729 178,490 132,437
Income tax expense (benefit):      
Current 49,524 51,433 23,687
Deferred 9,614 (375) 14,905
Income tax expense 59,138 51,058 38,592
Net earnings 130,591 127,432 93,845
Unrealized gains (losses) on securities:      
Unrealized holding gains arising during the period 32,230 33,552 53,995
Less: Reclassification adjustment for losses (gains) included in net earnings (10,897) (14,971) 8,286
Other comprehensive earnings (OCI) 21,333 18,581 62,281
Comprehensive earnings $ 151,924 $ 146,013 $ 156,126
Earnings per share:      
Basic - Net earnings per share (in dollars per share) $ 6.20 $ 6.06 $ 4.35
Comprehensive earnings per share (in dollars per share) $ 7.21 $ 6.95 $ 7.24
Earnings per share:      
Diluted - Net earnings per share (in dollars per share) $ 6.09 $ 6.00 $ 4.32
Comprehensive earnings per share (in dollars per share) $ 7.09 $ 6.87 $ 7.18
Weighted average number of common shares outstanding:      
Basic (in shares) 21,078 21,020 21,562
Diluted (in shares) 21,434 21,241 21,731