UNAUDITED INTERIM FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2013

UNAUDITED INTERIM FINANCIAL INFORMATION

UNAUDITED INTERIM FINANCIAL INFORMATION

12. UNAUDITED INTERIM FINANCIAL INFORMATION

As discussed in note 1.B., all share and per share data reflect the two-for-one stock split executed on January 15, 2014. Selected quarterly information is as follows:

(in thousands, except per share data)	First		Second			Third		Fourth		Year
2013
Net premiums earned	$	144,151	$	154,553		$	163,702	$	168,396	$	630,802
Net investment income	12,886		12,847			13,598		13,432		52,763
Net realized investment gains	3,684		3,742			10,999		3,611		22,036
Earnings before income taxes	35,969		43,576			55,309		40,812		175,666
Net earnings	24,847		29,902			37,647		33,859		126,255
Basic earnings per share(1)	$	0.58	$	0.70		$	0.88	$	0.79	$	2.95
Diluted earnings per share(1)	$	0.57	$	0.69		$	0.86	$	0.77	$	2.90
2012
Net premiums earned	$	137,280	$	141,584		$	149,943	$	147,764	$	576,571
Net investment income	15,293		14,826			14,221		14,491		58,831
Net realized investment gains (losses)	11,416		(664		)	5,481		9,139		25,372
Earnings before income taxes	41,109		36,568			36,480		28,575		142,732
Net earnings	28,038		24,748			25,463		25,097		103,346
Basic earnings per share(1)	$	0.66	$	0.58		$	0.60	$	0.59	$	2.44
Diluted earnings per share(1)	$	0.65	$	0.58		$	0.59	$	0.58	$	2.39

(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.