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UNAUDITED INTERIM FINANCIAL INFORMATION
12 Months Ended
Dec. 31, 2015
UNAUDITED INTERIM FINANCIAL INFORMATION  
UNAUDITED INTERIM FINANCIAL INFORMATION

12. UNAUDITED INTERIM FINANCIAL INFORMATION

 

Select unaudited quarterly information is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands, except per share data)

    

First

    

Second

    

Third

    

Fourth

    

Year

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net premiums earned

 

$

169,003

 

$

172,339

 

$

179,448

 

$

179,371

 

$

700,161

 

Net investment income

 

 

13,495

 

 

13,431

 

 

13,964

 

 

13,754

 

 

54,644

 

Net realized gains

 

 

13,286

 

 

4,802

 

 

7,534

 

 

14,207

 

 

39,829

 

Earnings before income taxes

 

 

44,513

 

 

54,650

 

 

51,937

 

 

45,582

 

 

196,682

 

Net earnings

 

 

30,598

 

 

37,185

 

 

35,908

 

 

33,853

 

 

137,544

 

Basic earnings per share(1)

 

$

0.71

 

$

0.86

 

$

0.83

 

$

0.78

 

$

3.18

 

Diluted earnings per share(1)

 

$

0.70

 

$

0.84

 

$

0.81

 

$

0.76

 

$

3.12

 

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 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

 


(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.