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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUE        
Net earned premium $ 561,356 $ 565,331 $ 1,122,542 $ 1,112,472
Other revenue 68,075 66,957 141,255 129,339
Net investment income 55,668 53,290 111,433 110,300
Other operating income 7,784 7,188 16,629 12,389
Net realized investment gain 4,623 6,876 13,193 7,047
Other-than-temporary impairment credit losses 0 (397) 0 (397)
Total revenue 629,431 632,288 1,263,797 1,241,811
EXPENSE        
Loss and loss adjustment expense, net 339,474 336,825 672,171 665,753
Policy acquisition costs, net 70,796 74,490 137,745 143,934
Other expense 165,126 161,144 315,399 324,779
Other operating expense 87,719 80,424 164,572 167,706
Interest expense 6,611 6,230 13,082 13,139
Total expense 504,600 497,969 987,570 990,532
Earnings before income taxes 124,831 134,319 276,227 251,279
Income tax expense 36,669 40,826 82,215 75,202
Net earnings $ 88,162 $ 93,493 $ 194,012 $ 176,077
Earnings per common share        
Basic $ 0.88 $ 0.92 $ 1.93 $ 1.71
Diluted $ 0.87 $ 0.92 $ 1.92 $ 1.71