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Condensed Consolidated Statements of Earnings and Comprehensive Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Net premiums earned $ 137,280 $ 116,051
Net investment income 15,293 16,303
Net realized investment gains 11,416 4,472
Other-than-temporary impairment (OTTI) losses on investments 0 0
Consolidated revenue 163,989 136,826
Losses and settlement expenses 61,883 46,871
Policy acquisition costs 48,197 38,618
Insurance operating expenses 12,259 9,615
Interest expense on debt 1,500 1,512
General corporate expenses 1,987 2,005
Total expenses 125,826 98,621
Equity in earnings of unconsolidated investee 2,946 2,616
Earnings before income taxes 41,109 40,821
Income tax expense 13,071 13,115
Net earnings 28,038 27,706
Unrealized gains (losses) on securities:    
Unrealized holding gains arising during the period 19,509 8,154
Less: Reclassification adjustment for (gains) included in net earnings (8,733) (2,906)
Other comprehensive earnings 10,776 5,248
Comprehensive earnings $ 38,814 $ 32,954
Basic:    
Basic net earnings per share (in dollars per share) $ 1.32 $ 1.32
Basic comprehensive earnings per share (in dollars per share) $ 1.83 $ 1.57
Diluted:    
Diluted net earnings per share (in dollars per share) $ 1.30 $ 1.30
Diluted comprehensive earnings per share (in dollars per share) $ 1.80 $ 1.55
Weighted average number of common shares outstanding    
Basic (in shares) 21,188 21,025
Diluted (in shares) 21,528 21,285
Cash dividends declared per common share (in dollars per share) $ 0.30 $ 0.29