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Consolidated Statement of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUE                      
Net earned premium $ 566,503 $ 563,650 $ 565,331 $ 547,141 $ 550,183 $ 544,256 $ 524,251 $ 508,480 $ 2,242,625 $ 2,127,170 $ 2,041,924
Other revenue 85,840 68,023 66,957 62,382 64,738 66,268 60,601 55,228 283,202 246,835 260,330
Net investment income                 222,634 212,271 203,819
Other operating income                 30,448 35,590 44,832
Net realized investment gain                 31,148 3,653 12,104
Other-than-temporary impairment credit losses                 (1,028) (4,679) (425)
Total revenue 652,343 631,673 632,288 609,523 614,921 610,524 584,852 563,708 2,525,827 2,374,005 2,302,254
EXPENSE                      
Loss and loss adjustment expense, net 335,744 304,014 336,825 328,928 337,007 380,372 334,282 347,586 1,305,511 1,399,247 1,213,029
Policy acquisition costs, net                 281,201 266,125 255,136
Other expense 167,070 174,040 161,144 163,635 165,484 147,360 153,665 153,243 665,889 619,752 599,398
Other operating expense                 359,060 330,557 322,914
Interest expense                 25,628 23,070 21,348
Total expense 502,814 478,054 497,969 492,563 502,491 527,732 487,947 500,829 1,971,400 2,018,999 1,812,427
Earnings before income taxes 149,529 153,619 134,319 116,960 112,430 82,792 96,905 62,879 554,427 355,006 489,827
Income tax expense 41,428 46,557 40,826 34,376 34,092 22,355 27,427 15,889 163,187 99,763 144,731
Net earnings $ 108,101 $ 107,062 $ 93,493 $ 82,584 $ 78,338 $ 60,437 $ 69,478 $ 46,990 $ 391,240 $ 255,243 $ 345,096
Earnings per common share                      
Basic $ 1.07 $ 1.06 $ 0.92 $ 0.80 $ 0.74 $ 0.56 $ 0.61 $ 0.41 $ 3.84 $ 2.31 $ 3.00
Diluted $ 1.06 $ 1.05 $ 0.92 $ 0.79 $ 0.74 $ 0.56 $ 0.61 $ 0.41 $ 3.83 $ 2.30 $ 2.99