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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 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net premiums earned $ 149,943 $ 146,552 $ 428,807 $ 393,429
Net investment income 14,221 15,954 44,340 47,437
Net realized investment gains 5,481 80 17,389 14,602
Other-than-temporary impairment (OTTI) losses on investments   (257) (1,156) (257)
Consolidated revenue 169,645 162,329 489,380 455,211
Losses and settlement expenses 70,598 64,802 193,486 142,036
Policy acquisition costs 49,262 49,924 145,632 134,785
Insurance operating expenses 11,553 10,302 34,595 32,047
Interest expense on debt 1,512 1,513 4,537 4,537
General corporate expenses 2,099 1,594 5,901 5,563
Total expenses 135,024 128,135 384,151 318,968
Equity in earnings of unconsolidated investee 1,859 713 8,928 7,215
Earnings before income taxes 36,480 34,907 114,157 143,458
Income tax expense 11,017 10,938 35,908 46,791
Net earnings 25,463 23,969 78,249 96,667
Unrealized gains (losses) on securities:        
Unrealized holding gains (losses) arising during the period 25,127 (14,518) 50,066 2,860
Less: Reclassification adjustment for (gains) losses included in net earnings (4,080) 187 (12,353) (9,183)
Other comprehensive earnings (loss) 21,047 (14,331) 37,713 (6,323)
Comprehensive earnings $ 46,510 $ 9,638 $ 115,962 $ 90,344
Basic:        
Basic net earnings per share (in dollars per share) $ 1.20 $ 1.14 $ 3.69 $ 4.59
Basic comprehensive earnings per share (in dollars per share) $ 2.19 $ 0.46 $ 5.47 $ 4.29
Diluted:        
Diluted net earnings per share (in dollars per share) $ 1.19 $ 1.12 $ 3.64 $ 4.53
Diluted comprehensive earnings per share (in dollars per share) $ 2.16 $ 0.45 $ 5.39 $ 4.24
Weighted average number of common shares outstanding        
Basic (in shares) 21,218 21,089 21,207 21,063
Diluted (in shares) 21,486 21,335 21,519 21,324
Cash dividends declared per common share (in dollars per share) $ 0.32 $ 0.30 $ 0.94 $ 0.89