UNAUDITED INTERIM FINANCIAL INFORMATION - 10K

12 Months Ended

Dec. 31, 2014

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
2014
Net premiums earned	$	161,132	$	168,604	$	177,747	$	179,892	$	687,375
Net investment income		13,582		13,982		14,200		13,844		55,608
Net realized investment gains		6,501		10,431		5,708		9,542		32,182
Earnings before income taxes		41,991		52,423		48,594		46,479		189,487
Net earnings		28,969		35,725		33,254		37,497		135,445
Basic earnings per share(1)	$	0.67	$	0.83	$	0.77	$	0.87	$	3.15
Diluted earnings per share(1)	$	0.66	$	0.82	$	0.76	$	0.85	$	3.09
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

(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.