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Unaudited Consolidated Statements of Operations (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
Revenues        
Net premiums earned $ 54,853 $ 60,429 $ 176,059 $ 180,374
Net investment income 2,343 2,779 7,196 8,076
Commissions and other income 1,263 1,421 4,390 4,594
Net realized gains (losses) on investments, excluding impairment losses 9,192 (16,084) 9,465 (19,398)
Total other-than-temporary impairment losses on investments (411) (1,376) (756) (1,494)
Net realized gains (losses) on investments 8,781 (17,460) 8,709 (20,892)
Total revenue 67,240 47,169 196,354 172,152
Expenses        
Losses and loss expenses incurred 30,477 48,637 99,119 169,476
Other operating expenses 19,209 18,713 57,423 55,266
Total expenses 49,686 67,350 156,542 224,742
Income (loss) before federal income taxes 17,554 (20,181) 39,812 (52,590)
Federal income taxes (benefits) 5,867 (7,210) 12,569 (18,917)
Net income (loss) $ 11,687 $ (12,971) $ 27,243 $ (33,673)
Per share data:        
Basic and diluted earnings (losses) (in dollars per share) $ 0.78 $ (0.87) $ 1.83 $ (2.27)
Dividends paid to shareholders (in dollars per share) $ 0.25 $ 0.25 $ 0.75 $ 0.75
Reconciliation of shares outstanding:        
Average shares outstanding - basic (in shares) 14,846 14,826 14,836 14,816
Dilutive effect of share equivalents (in shares) 21 11 20 19
Average shares outstanding - diluted (in shares) 14,867 14,837 14,856 14,835