Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Revenues: |
|
|
|
|
| Earned premium |
$ 342,171
|
$ 338,586
|
$ 1,019,070
|
$ 1,011,197
|
| Percent change, Earned premium |
1.10%
|
|
0.80%
|
|
| Installment and other fee income |
$ 26,297
|
24,005
|
$ 77,200
|
73,122
|
| Percent change, Installment and other fee income |
9.60%
|
|
5.60%
|
|
| Net investment income |
$ 8,125
|
9,970
|
$ 25,115
|
27,908
|
| Percent change, Net investment Income |
(18.50%)
|
|
(10.00%)
|
|
| Net realized gains (losses) on investments |
$ 1,282
|
(410)
|
$ 1,257
|
974
|
| Percent change, Net realized gains (losses) on investments |
(412.80%)
|
|
29.10%
|
|
| Other income |
$ 249
|
232
|
$ 727
|
913
|
| Percent change, Other income |
7.60%
|
|
(20.30%)
|
|
| Total revenues |
$ 378,124
|
372,383
|
$ 1,123,370
|
1,114,113
|
| Percent change, Total revenues |
1.50%
|
|
0.80%
|
|
| Costs and Expenses: |
|
|
|
|
| Losses and loss adjustment expenses |
$ 280,866
|
256,063
|
$ 809,664
|
774,489
|
| Percent change, Losses and loss adjustment expenses |
9.70%
|
|
4.50%
|
|
| Commissions and other underwriting expenses |
$ 88,412
|
86,779
|
$ 266,183
|
261,880
|
| Percent change, Commissions and other underwriting expenses |
1.90%
|
|
1.60%
|
|
| Interest expense |
$ 3,507
|
3,506
|
$ 10,524
|
10,522
|
| Percent change, Interest expense |
0.00%
|
|
0.00%
|
|
| Corporate general and administrative expenses |
$ 1,768
|
1,677
|
$ 5,532
|
5,605
|
| Percent change, Corporate general and administrative expenses |
5.50%
|
|
(1.30%)
|
|
| Other expenses |
$ 375
|
1,545
|
$ 1,455
|
2,900
|
| Percent change, Other expenses |
(75.70%)
|
|
(49.80%)
|
|
| Total costs and expenses |
$ 374,929
|
349,569
|
$ 1,093,358
|
1,055,396
|
| Percent change, Total costs and expenses |
7.30%
|
|
3.60%
|
|
| Earnings before income taxes |
$ 3,196
|
22,814
|
$ 30,012
|
58,717
|
| Percent change, Earnings before income taxes |
(86.00%)
|
|
(48.90%)
|
|
| Provision for income taxes |
$ 442
|
7,077
|
$ 8,536
|
18,333
|
| Percent change, Provision for income taxes |
(93.70%)
|
|
(53.40%)
|
|
| Net Earnings |
$ 2,753
|
$ 15,737
|
$ 21,476
|
$ 40,384
|
| Percent change, Net Earnings |
(82.50%)
|
|
(46.80%)
|
|
| Net Earnings per Common Share: |
|
|
|
|
| Basic (usd per share) |
$ 0.25
|
$ 1.39
|
$ 1.95
|
$ 3.55
|
| Percent change, Basic |
(82.00%)
|
|
(45.10%)
|
|
| Diluted (usd per share) |
$ 0.25
|
$ 1.38
|
$ 1.93
|
$ 3.52
|
| Percent change, Diluted |
(81.90%)
|
|
(45.20%)
|
|
| Average Number of Common Shares: |
|
|
|
|
| Basic (shares) |
11,018
|
11,321
|
11,022
|
11,385
|
| Percent change, Basic |
(2.70%)
|
|
(3.20%)
|
|
| Diluted (shares) |
11,084
|
11,383
|
11,105
|
11,474
|
| Percent change, Diluted |
(2.60%)
|
|
(3.20%)
|
|
| Cash Dividends per Common Share (usd per share) |
$ 0.52
|
$ 0.43
|
$ 1.56
|
$ 1.29
|
| Percent change, Cash Dividends per Common Share |
20.90%
|
|
20.90%
|
|
| Net realized gains (losses) on sales |
$ 1,282
|
$ (287)
|
$ 1,573
|
$ 1,686
|
| Percent change, Net realized gains (losses) on sales |
(546.60%)
|
|
(6.70%)
|
|
| Total other-than-temporary impairment (OTTI) losses |
$ 0
|
(123)
|
$ (316)
|
(713)
|
| Percent change, Total other-than-temporary impairment (OTTI) losses |
(100.00%)
|
|
(55.70%)
|
|
| Total net realized gains (losses) on investments |
$ 1,282
|
$ (410)
|
$ 1,257
|
$ 974
|
| Percent change, Total net realized gains (losses) on investments |
(412.80%)
|
|
29.10%
|
|