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Consolidated Statement of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUE        
Net earned premium $ 563,650 $ 544,256 $ 1,676,122 $ 1,576,987
Other revenue 68,023 66,268 197,362 182,097
Net investment income 56,342 54,765 166,642 158,782
Other operating income 10,840 8,829 23,229 23,625
Net realized investment gain 1,472 2,674 8,519 3,169
Other-than-temporary impairment credit losses (631) 0 (1,028) (3,479)
Total revenue 631,673 610,524 1,873,484 1,759,084
EXPENSE        
Loss and loss adjustment expense, net 304,014 380,372 969,767 1,062,240
Policy acquisition costs, net 67,620 57,496 211,554 193,180
Other expense 174,040 147,360 498,819 454,268
Other operating expense 100,458 84,254 268,164 244,491
Interest expense 5,962 5,610 19,101 16,597
Total expense 478,054 527,732 1,468,586 1,516,508
Earnings before income taxes 153,619 82,792 404,898 242,576
Income tax expense 46,557 22,355 121,759 65,671
Net earnings $ 107,062 $ 60,437 $ 283,139 $ 176,905
Earnings per common share        
Basic $ 1.06 $ 0.56 $ 2.77 $ 1.58
Diluted $ 1.05 $ 0.56 $ 2.76 $ 1.57