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Consolidated Statement of Earnings (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUE        
Net earned premium $ 524,251 $ 506,385 $ 1,032,731 $ 1,015,972
Net investment income 52,422 50,217 104,017 99,466
Other operating income 7,475 9,206 14,796 27,147
Net realized investment gain 1,054 2,315 495 6,840
Other-than-temporary impairment credit losses (350)   (3,479)  
Total revenue 584,852 568,123 1,148,560 1,149,425
EXPENSE        
Loss and loss adjustment expense, net 334,282 298,986 681,868 625,507
Policy acquisition costs, net 84,483 81,632 167,861 161,330
Other operating expense 63,748 62,515 128,060 129,183
Interest expense 5,434 5,237 10,987 10,627
Total expense 487,947 448,370 988,776 926,647
Earnings before income tax expense 96,905 119,753 159,784 222,778
Income tax expense 27,427 36,373 43,316 68,044
Net earnings $ 69,478 $ 83,380 $ 116,468 $ 154,734
Earnings per common share        
Basic $ 0.61 $ 0.72 $ 1.02 $ 1.34
Diluted $ 0.61 $ 0.72 $ 1.02 $ 1.34