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Income Statement Data

Consolidated GAAP Financial Data
 2016 Y 2015 Y 2014 Y 2013 Y
Period Ended12/31/201612/31/201512/31/201412/31/2013
Revenue ($000) 
P&C Net Premiums Earned656,205605,641556,498515,292
Total Policy Income656,205605,641556,498515,292
Investment Income from Securities22,63320,95018,34418,795
Partnership Income1,0861,2771,2432,908
Net Investment Income23,71922,22719,58721,703
Other Realized Security Gains2,5261,9343,1342,423
Realized Gain on Securities2,5261,9343,1342,423
Other Noninterest Income5,9746,5857,3297,692
Total Revenue688,424636,387586,548547,110
 
Expense ($000) 
P&C Losses & LAE423,316398,367388,401343,128
Total Policy Expense423,316398,367388,401343,128
DAC Amortization107,87699,51390,14681,753
Policy Acquisition Costs107,87699,51390,14681,753
Other Underwriting Expense114,245109,80490,20187,884
Underwriting & Other Expense222,121209,317180,347169,637
Interest Expense1,6581,1111,5171,635
Total Expense647,095608,795570,265514,400
 
Net Income ($000) 
Net Income before Taxes41,32827,59216,28332,710
Provision for Taxes10,5276,6021,7446,388
Effective Tax Rate (%) 25.4723.9310.7119.53
Net Income after Taxes30,80120,99014,53926,322
Net Income before Extra30,80120,99014,53926,322
Net Income30,80120,99014,53926,322
Net Income Attributable to Parent30,80120,99014,53926,322
Net Income Avail to Common30,80120,99014,53926,322
 
Operating Income ($000) 
Net Income before Extra30,80120,99014,53926,322
Realized Gains, after Tax1,6421,2572,0681,599
Operating Income after Taxes29,16019,73312,47124,723
 
Comprehensive Income ($000) 
Net Income30,80120,99014,53926,322
Change in Unrealized Gain ( 3,028 ) ( 4,580 ) 7,666 ( 28,707 )
Total Other Comprehensive Income ( 3,028 ) ( 4,580 ) 7,666 ( 28,707 )
Comprehensive Income27,77316,41122,205(2,385)
Comprehensive Income: Parent Company27,77316,41122,205(2,385)
 
Share and Per Share Info ($) 
Basic EPS before Extra1.160.760.551.01
Basic EPS after Extra1.160.760.551.01
Avg Basic Shares Out26,494,20427,622,77426,676,63625,940,452
Diluted EPS before Extra1.140.750.541.00
Diluted EPS after Extraordinary1.140.750.541.00
Operating EPS1.080.930.470.96
Avg Diluted Shares Out (actual) 27,106,91727,970,89627,141,23126,339,160
Common Dividends Declared per Share0.550.540.530.51
 
P&C GAAP Underwriting Ratios (%) 
Loss Ratio64.5065.8069.8066.60
Expense Ratio33.6033.2031.9032.20
Combined Ratio98.1099.00101.7098.80
 
Managed Care Ratios (%) 
 

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