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Consolidated Statement of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUE        
Net earned premium $ 565,331 $ 524,251 $ 1,112,472 $ 1,032,731
Other revenue 66,957 60,601 129,339 115,829
Net investment income 53,290 52,422 110,300 104,017
Other operating income 7,188 7,475 12,389 14,796
Net realized investment gain 6,876 1,054 7,047 495
Other-than-temporary impairment credit losses (397) (350) (397) (3,479)
Total revenue 632,288 584,852 1,241,811 1,148,560
EXPENSE        
Loss and loss adjustment expense, net 336,825 334,282 665,753 681,868
Policy acquisition costs, net 74,490 65,841 143,934 135,684
Other expense 161,144 153,665 324,779 306,908
Other operating expense 80,424 82,390 167,706 160,237
Interest expense 6,230 5,434 13,139 10,987
Total expense 497,969 487,947 990,532 988,776
Earnings before income taxes 134,319 96,905 251,279 159,784
Income tax expense 40,826 27,427 75,202 43,316
Net earnings $ 93,493 $ 69,478 $ 176,077 $ 116,468
Earnings per common share        
Basic $ 0.92 $ 0.61 $ 1.71 $ 1.02
Diluted $ 0.92 $ 0.61 $ 1.71 $ 1.02