Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
Mar. 31, 2018 |
Mar. 31, 2017 |
| Revenues: |
|
|
| Earned premium |
$ 353,987
|
$ 341,368
|
| Percent change, Earned premium |
3.70%
|
|
| Installment and other fee income |
$ 27,395
|
26,739
|
| Percent change, Installment and other fee income |
2.50%
|
|
| Net investment income |
$ 9,786
|
8,695
|
| Percent change, Net investment Income |
12.50%
|
|
| Total net realized (losses) gains on investments |
$ (2,832)
|
509
|
| Percent change, Net realized gains on investments |
(656.20%)
|
|
| Other income |
$ 430
|
275
|
| Percent change, Other income |
56.30%
|
|
| Total revenues |
$ 388,766
|
377,587
|
| Percent change, Total revenues |
3.00%
|
|
| Costs and Expenses: |
|
|
| Losses and loss adjustment expenses |
$ 264,552
|
270,676
|
| Percent change, Losses and loss adjustment expenses |
(2.30%)
|
|
| Commissions and other underwriting expenses |
$ 90,521
|
85,939
|
| Percent change, Commissions and other underwriting expenses |
5.30%
|
|
| Interest expense |
$ 3,509
|
3,512
|
| Percent change, Interest expense |
(0.10%)
|
|
| Corporate general and administrative expenses |
$ 4,743
|
2,271
|
| Percent change, Corporate general and administrative expenses |
108.90%
|
|
| Other expenses |
$ 505
|
322
|
| Percent change, Other expenses |
56.90%
|
|
| Total costs and expenses |
$ 363,829
|
362,719
|
| Percent change, Total costs and expenses |
0.30%
|
|
| Earnings before income taxes |
$ 24,937
|
14,868
|
| Percent change, Earnings before income taxes |
67.70%
|
|
| Provision for income taxes |
$ 4,853
|
4,358
|
| Percent change, Provision for income taxes |
11.40%
|
|
| Net Earnings |
$ 20,083
|
$ 10,510
|
| Percent change, Net Earnings |
91.10%
|
|
| Net Earnings per Common Share: |
|
|
| Basic (usd per share) |
$ 1.84
|
$ 0.96
|
| Percent change, Basic |
91.70%
|
|
| Diluted (usd per share) |
$ 1.82
|
$ 0.94
|
| Percent change, Diluted |
93.60%
|
|
| Average Number of Common Shares: |
|
|
| Basic (shares) |
10,915
|
10,998
|
| Percent change, Basic |
(0.80%)
|
|
| Diluted (shares) |
11,009
|
11,127
|
| Percent change, Diluted |
(1.10%)
|
|
| Cash Dividends per Common Share (usd per share) |
$ 0.58
|
$ 0.58
|
| Percent change, Cash Dividends per Common Share |
0.00%
|
|
| Net realized gains on sales |
$ 1,363
|
$ 519
|
| Trading Securities, Change in Unrealized Holding Gain (Loss) |
(2,607)
|
0
|
| Total other-than-temporary impairment (OTTI) losses |
(1,468)
|
(46)
|
| Non-credit portion in other comprehensive income |
$ 158
|
36
|
| Non-credit portion in other comprehensive income, percent |
341.90%
|
|
| OTTI losses reclassified from other comprehensive income |
$ (278)
|
0
|
| Net impairment losses recognized in earnings |
1,588
|
10
|
| Total net realized (losses) gains on investments |
$ (2,832)
|
$ 509
|
| Percent change, Total net realized gains on investments |
(656.20%)
|
|