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Unaudited Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Net premiums earned $ 62,905 $ 61,775 $ 126,747 $ 122,873
Net investment income 2,090 1,985 4,383 4,395
Commissions and other income 1,732 1,539 3,087 2,922
Net realized gains on investments, excluding impairment losses 8,089 787 12,264 15,140
Total other-than-temporary impairment losses on investments 0 (68) (105) (74)
Net realized gains on investments 8,089 719 12,159 15,066
Total revenue 74,816 66,018 146,376 145,256
Expenses        
Losses and loss expenses incurred 40,282 38,343 79,571 72,876
Other operating expenses 20,497 20,413 43,329 42,439
Total expenses 60,779 58,756 122,900 115,315
Income before federal income taxes 14,037 7,262 23,476 29,941
Federal income taxes 4,697 2,355 7,775 10,091
Net income $ 9,340 $ 4,907 $ 15,701 $ 19,850
Per share data:        
Basic and diluted earnings (in dollars per share) $ 0.62 $ 0.33 $ 1.05 $ 1.33
Dividends paid to shareholders (in dollars per share) $ 0.25 $ 0.25 $ 0.50 $ 0.50
Reconciliation of shares outstanding:        
Average shares outstanding - basic (in shares) 14,967 14,910 14,957 14,894
Dilutive effect of share equivalents (in shares) 4 8 14 24
Average shares outstanding - diluted (in shares) 14,971 14,918 14,971 14,918