| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||||
Net premiums earned | |||||||||||
695,800 | 731,100 | 716,500 | 694,800 | 690,400 | 684,500 | 642,300 | 501,464 | 363,424 | 321,786 | 404,247 | 328,947 |
Net investment income | |||||||||||
88,100 | 81,200 | 74,600 | 73,200 | 72,200 | 72,400 | 70,800 | 72,363 | 80,117 | 83,032 | 90,484 | 78,062 |
Realized Investment Gains (Losses) | |||||||||||
- | - | - | - | -10,700 | 16,300 | 9,500 | 5,048 | 20,161 | 10,137 | 791 | -11,524 |
Net realized and unrealized (losses) gains on investments | |||||||||||
51,100 | -13,100 | 7,400 | 11,200 | - | - | - | - | - | - | - | - |
Gain on redemption of notes payable | |||||||||||
0 | 0 | 2,100 | 0 | 0 | - | - | - | - | - | - | - |
Other income | |||||||||||
900 | 1,200 | 800 | 600 | 200 | 300 | 900 | 307 | 452 | 649 | 413 | 1,293 |
Revenues | |||||||||||
835,900 | 800,400 | 801,400 | 779,800 | 752,100 | 773,500 | 723,500 | 579,182 | 464,154 | 415,604 | 495,935 | 396,778 |
Expenses | |||||||||||
Losses and loss adjustment expenses | |||||||||||
365,900 | 376,700 | 417,200 | 417,900 | 429,400 | 453,400 | 463,600 | 287,910 | 262,511 | 194,779 | 214,461 | 136,515 |
Commission expense | |||||||||||
88,100 | 94,200 | 91,400 | 83,500 | 85,400 | 81,400 | 78,300 | 65,580 | 47,344 | 38,468 | 36,150 | 43,618 |
Policyholder dividends | |||||||||||
- | - | - | - | - | - | - | - | - | 4,316 | 6,930 | 1,295 |
Underwriting and general and administrative expenses | |||||||||||
187,500 | 158,500 | 139,900 | 136,100 | 135,200 | 129,100 | 125,300 | 124,644 | 104,140 | 106,026 | 138,687 | 101,164 |
Interest and financing expenses | |||||||||||
600 | 1,500 | 1,400 | 1,600 | 2,700 | 3,000 | 3,200 | 3,504 | 3,642 | 5,693 | 7,409 | 2,135 |
Other Expenses | |||||||||||
0 | 0 | 7,500 | 0 | 0 | - | - | - | - | - | - | - |
Operating Expenses | |||||||||||
642,100 | 630,900 | 657,400 | 639,100 | 652,700 | 666,900 | 670,400 | 481,638 | 417,637 | 349,282 | 403,637 | 284,727 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | |||||||||||
193,800 | 169,500 | 144,000 | 140,700 | 99,400 | 106,600 | 53,100 | 97,544 | 46,517 | 66,322 | 92,298 | 112,051 |
Income tax (benefit) expense | |||||||||||
36,700 | 28,200 | 42,800 | 34,000 | 5,000 | 5,900 | -10,700 | -9,347 | -2,106 | 3,523 | 9,277 | 10,266 |
Net Income (Loss) Attributable to Parent | |||||||||||
157,100 | 141,300 | 101,200 | 106,700 | 94,400 | 100,700 | 63,800 | 106,891 | 48,623 | 62,799 | 83,021 | 101,785 |
Comprehensive income | |||||||||||
Unrealized AFS investment gains (losses) during the period (net of tax (expense) benefit of $(21.8), $12.9, and $(8.9) for the years ended December 31, 2019, 2018, and 2017, respectively) | |||||||||||
82,100 | -48,500 | 19,900 | -1,800 | -30,300 | 27,100 | -32,900 | 16,111 | 45,691 | 6,910 | 51,522 | - |
Reclassification adjustment for realized AFS investment (gains) losses in net income (net of tax expense (benefit) of $0.8, $(0.4), and $2.6 for the years ended December 31, 2019, 2018, and 2017, respectively) | |||||||||||
-3,100 | 1,400 | -4,800 | -7,300 | 7,000 | -10,600 | -6,200 | -3,281 | -13,105 | - | - | - |
Comprehensive (loss) income | |||||||||||
Less: reclassification adjustment for realized gains in net income (net of taxes of $1,767, $7,056 and $3,548 for the years ended December 31, 2011, 2010, and 2009, respectively) | |||||||||||
- | - | - | - | - | - | - | - | - | 6,589 | 514 | - |
Other Comprehensive Income (Loss), Net of Tax | |||||||||||
79,000 | -47,100 | 15,100 | -9,100 | -23,300 | 16,500 | -39,100 | 12,830 | 32,586 | - | - | - |
Other comprehensive income, net of tax | |||||||||||
- | - | - | - | - | - | - | - | - | 321 | 51,008 | - |
Total comprehensive (loss) income | |||||||||||
236,100 | 94,200 | 116,300 | 97,600 | 71,100 | 117,200 | 24,700 | 119,721 | 81,209 | 63,120 | 134,029 | - |
Net realized and unrealized (losses) gains on investments | |||||||||||
Net realized and unrealized (losses) gains on investments before impairments | |||||||||||
51,100 | -9,800 | 8,800 | 17,000 | 6,500 | 16,800 | 9,600 | 5,700 | 20,255 | 10,182 | 2,712 | - |
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities | |||||||||||
0 | 3,300 | 1,400 | 5,800 | 17,200 | 500 | 100 | 652 | 94 | 45 | 1,921 | - |
Portion of impairment recognized in other comprehensive income | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | - |
Net realized and unrealized gains (losses) on investments | |||||||||||
51,100 | -13,100 | 7,400 | 11,200 | -10,700 | 16,300 | 9,500 | 5,048 | 20,161 | 10,137 | 791 | - |
Net realized and unrealized (losses) gains on investments | |||||||||||
51,100 | -13,100 | 7,400 | 11,200 | - | - | - | - | - | - | - | - |
Net realized (losses) gains on investments | |||||||||||
- | - | - | - | -10,700 | - | 9,500 | 5,048 | 20,161 | 10,137 | 791 | -11,524 |
Earnings Per Share [Abstract] | |||||||||||
Basic | |||||||||||
4.89 | 4.30 | 3.11 | 3.29 | 2.94 | 3.19 | 2.05 | 3.40 | 1.30 | 1.52 | 1.81 | 2.07 |
Diluted | |||||||||||
4.83 | 4.24 | 3.06 | 3.24 | 2.90 | 3.14 | 2.00 | 3.37 | 1.30 | 1.51 | 1.80 | 2.07 |
Cash dividends declared per common share and eligible RSUs and PSUs | |||||||||||
0.88 | 0.80 | 0.60 | 0.36 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |