XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Net premiums earned $ 105,462 $ 73,974
Net investment income 4,636 3,692
Commissions and other income 1,814 981
Net realized gains on investments, excluding impairment losses 376 1,008
Other-than-temporary impairment losses on investments 0 0
Net unrealized gains (losses) on equity securities and limited partnership investments (4,909) 5,286
Net realized and unrealized gains (losses) on investments (4,533) 6,294
Total revenues 107,379 84,941
Expenses    
Losses and loss expenses incurred 72,298 48,599
Other operating expenses 34,767 26,164
Total expenses 107,065 74,763
Income before federal income taxes (benefits) 314 10,178
Federal income taxes (benefits) (16) 3,422
Net income $ 330 $ 6,756
Per share data:    
Basic and diluted earnings (in dollars per share) $ 0.02 $ 0.45
Dividends paid to shareholders (in dollars per share) $ 0.28 $ 0.27
Reconciliation of shares outstanding:    
Average shares outstanding - basic (in shares) 15,010 15,096
Dilutive effect of share equivalents (in shares) 24 8
Average shares outstanding - diluted (in shares) 15,034 15,104