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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Net premiums earned $ 71,235 $ 65,445 $ 206,870 $ 197,340
Net investment income 3,513 3,014 10,501 8,727
Commissions and other income 1,207 1,173 4,035 3,970
Net realized gains (losses) on investments, excluding impairment losses 9,576 2,310 22,023 5,994
Total other-than-temporary impairment losses on investments (1,844) (4,396) (4,999) (5,503)
Net realized gains (losses) on investments 7,732 (2,086) 17,024 491
Total revenue 83,687 67,546 238,430 210,528
Expenses        
Losses and loss expenses incurred 56,827 35,212 138,116 113,890
Other operating expenses 21,225 20,724 64,326 67,307
Total expenses 78,052 55,936 202,442 181,197
Income before federal income taxes 5,635 11,610 35,988 29,331
Federal income taxes 1,634 3,830 11,906 9,590
Net income $ 4,001 $ 7,780 $ 24,082 $ 19,741
Per share data:        
Basic and diluted earnings (in dollars per share) $ 0.27 $ 0.52 $ 1.60 $ 1.31
Dividends paid to shareholders (in dollars per share) $ 0.26 $ 0.25 $ 0.78 $ 0.75
Reconciliation of shares outstanding:        
Average shares outstanding - basic (in shares) 15,084 15,015 15,068 15,009
Dilutive effect of share equivalents (in shares) 0 3 16 10
Average shares outstanding - diluted (in shares) 15,084 15,018 15,084 15,019