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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Net premiums earned $ 64,448 $ 54,853 $ 187,321 $ 176,059
Net investment income 2,192 2,343 6,587 7,196
Commissions and other income 1,519 1,263 4,441 4,390
Net realized gains on investments, excluding impairment losses 1,434 9,192 16,574 9,465
Total other-than-temporary impairment losses on investments (4) (411) (78) (756)
Totals 1,430 8,781 16,496 8,709
Total revenue 69,589 67,240 214,845 196,354
Expenses        
Losses and loss expenses incurred 36,967 30,477 109,843 99,119
Other operating expenses 20,930 19,209 63,369 57,423
Total expenses 57,897 49,686 173,212 156,542
Income before federal income taxes 11,692 17,554 41,633 39,812
Federal income taxes 3,921 5,867 14,012 12,569
Net income $ 7,771 $ 11,687 $ 27,621 $ 27,243
Per share data:        
Basic and diluted earnings (in dollars per share) $ 0.52 $ 0.78 $ 1.85 $ 1.83
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) 14,918 14,846 14,902 14,836
Dilutive effect of share equivalents (in shares) 3 21 19 20
Average shares outstanding - diluted (in shares) 14,921 14,867 14,921 14,856