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Unaudited Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Net premiums earned $ 63,842 $ 61,098
Net investment income 2,294 2,410
Commissions and other income 1,355 1,383
Net realized gains on investments, excluding impairment losses 4,175 14,353
Total other-than-temporary impairment losses on investments (105) (6)
Totals 4,070 14,347
Total revenue 71,561 79,238
Expenses    
Losses and loss expenses incurred 39,289 34,533
Other operating expenses 22,833 22,026
Total expenses 62,122 56,559
Income before federal income taxes 9,439 22,679
Federal income taxes 3,078 7,736
Net income $ 6,361 $ 14,943
Per share data:    
Basic and diluted earnings (in dollars per share) $ 0.42 $ 1.00
Dividends paid to shareholders (in dollars per share) $ 0.25 $ 0.25
Reconciliation of shares outstanding:    
Average shares outstanding - basic (in shares) 14,947 14,878
Dilutive effect of share equivalents (in shares) 28 33
Average shares outstanding - diluted (in shares) 14,975 14,911