|
Total Revenue
|
|
$534.5m
|
$485.5m
|
$498.9m
|
$604.5m
|
$583.5m
|
$678.3m
|
$628.5m
|
$528.1m
|
$441.2m
|
$450.1m
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition costs and other operating expenses
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$182.6m
|
$147.3m
|
$156.8m
|
|
Additional Financial Items
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized Investment Gains (Losses)
|
|
—
|
—
|
—
|
$35.3m
|
($14.7m)
|
$15.9m
|
($32.9m)
|
($2.1m)
|
$455k
|
($3.7m)
|
|
Amortization of Intangible Assets
|
|
$500k
|
$500k
|
$500k
|
$500k
|
$500k
|
$500k
|
$400k
|
$400k
|
$400k
|
$300k
|
|
Capitalized Computer Software, Amortization
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$4.9m
|
$4.4m
|
$5.0m
|
|
Depreciation, Depletion and Amortization, Nonproduction
|
|
$6.3m
|
$6.5m
|
$7.0m
|
$7.1m
|
$7.0m
|
$10.4m
|
$8.4m
|
$6.2m
|
$5.8m
|
$5.7m
|
|
Equity Securities, FV-NI, Realized Gain (Loss)
|
|
—
|
—
|
$5.9m
|
$10.8m
|
($103k)
|
$4.1m
|
$10.6m
|
($36k)
|
($423k)
|
$0
|
|
Foreign Currency Transaction Gain (Loss), Realized
|
|
($700k)
|
$2.1m
|
($2.9m)
|
$300k
|
$100k
|
$500k
|
$300k
|
($500k)
|
$100k
|
($200k)
|
|
Goodwill, Impairment Loss
|
|
$0
|
$0
|
$0
|
$0
|
$0
|
$1.1m
|
$578k
|
$0
|
—
|
—
|
|
Income (Loss) from Continuing Operations before Income Taxes, Domestic
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$32.9m
|
|
Income (Loss) from Equity Method Investments
|
|
$5.2m
|
$4.7m
|
$0
|
$0
|
$152k
|
$440k
|
$440k
|
$440k
|
$440k
|
$440k
|
|
Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss
|
|
$28.5m
|
$4.2m
|
($16.5m)
|
$37.2m
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Preferred Stock Dividends, Income Statement Impact
|
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
|
Gross written premiums
|
|
$565.8m
|
$516.3m
|
$547.9m
|
$636.9m
|
$606.6m
|
$682.1m
|
$727.6m
|
$416.4m
|
$389.8m
|
$398.9m
|
|
Ceded written premiums
|
|
—
|
—
|
—
|
—
|
($58.4m)
|
($102.1m)
|
($136.3m)
|
($17.1m)
|
($10.6m)
|
($11.1m)
|
|
Net written premiums
|
|
$470.9m
|
$450.2m
|
$472.5m
|
$562.1m
|
$548.2m
|
$580.1m
|
$591.3m
|
$399.3m
|
$379.2m
|
$387.8m
|
|
Change in net unearned premiums
|
|
—
|
—
|
—
|
—
|
$19.5m
|
$15.5m
|
$11.1m
|
$74.0m
|
($2.2m)
|
$970k
|
|
Net earned premiums
|
|
$468.5m
|
$438.0m
|
$467.8m
|
$525.3m
|
$567.7m
|
$595.6m
|
$602.5m
|
$473.4m
|
$377.0m
|
$388.8m
|
|
Net realized investment gains (losses)
|
|
—
|
—
|
—
|
$35.3m
|
($14.7m)
|
$15.9m
|
($32.9m)
|
($2.1m)
|
$455k
|
($3.7m)
|
|
Other income
|
|
$10.3m
|
$6.6m
|
$1.7m
|
$1.8m
|
$2.1m
|
$29.8m
|
$31.4m
|
$1.4m
|
$1.4m
|
$2.3m
|
|
Less: preferred stock distributions
|
|
$5.2m
|
$4.7m
|
$0
|
$0
|
$152k
|
$440k
|
$440k
|
$440k
|
$440k
|
$440k
|
|
Cash distributions declared per common share
|
|
$0
|
$0
|
$1
|
$1
|
$1
|
$1
|
$1
|
$1
|
$1
|
$1
|
|
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
|
|
—
|
—
|
($75.9m)
|
$81.8m
|
—
|
—
|
—
|
—
|
—
|
$33.3m
|
|
Policyholder Benefits and Claims Incurred, Net
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$213.2m
|
$228.3m
|
|
Premiums Earned, Net
|
|
$468.5m
|
$438.0m
|
$467.8m
|
$525.3m
|
$567.7m
|
$595.6m
|
$602.5m
|
$473.4m
|
$377.0m
|
$388.8m
|
|
Net Investment Income
|
|
$34.0m
|
$39.3m
|
$46.3m
|
$42.1m
|
$28.4m
|
$37.0m
|
$27.6m
|
$55.4m
|
$62.4m
|
$62.7m
|
|
Income before income taxes
|
|
$47.6m
|
($10.1m)
|
($75.9m)
|
$81.8m
|
($29.1m)
|
$32.8m
|
$2.0m
|
$33.0m
|
$55.0m
|
$33.3m
|
|
Net Income (Loss) Attributable to Parent
|
|
$49.9m
|
($9.6m)
|
($56.7m)
|
$70.0m
|
($21.0m)
|
$29.4m
|
($850k)
|
$25.4m
|
$43.2m
|
$25.3m
|
|
Net Income (Loss) Available to Common Stockholders, Basic
|
|
$49.9m
|
($9.6m)
|
($56.7m)
|
$70.0m
|
($21.2m)
|
$28.9m
|
($1.3m)
|
$25.0m
|
$42.8m
|
$24.9m
|
|
Earnings Per Share, Basic
|
|
$2.89
|
($0.55)
|
($4.02)
|
$4.93
|
($1.48)
|
$2.00
|
($0.09)
|
$1.84
|
$3.14
|
$1.75
|
|
Earnings Per Share, Diluted
|
|
$2.84
|
($0.55)
|
($4.02)
|
$4.88
|
($1.48)
|
$1.97
|
($0.09)
|
$1.83
|
$3.12
|
$1.75
|
|
Common Stock, Dividends, Per Share, Declared
|
|
$2.89
|
($0.55)
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.00
|
$1.40
|
$1.40
|
|
Weighted Average Number of Shares Outstanding, Basic
|
|
17.2m
|
17.3m
|
14.1m
|
14.2m
|
14.3m
|
14.4m
|
14.5m
|
13.6m
|
13.6m
|
14.2m
|
|
Weighted Average Number of Shares Outstanding, Diluted
|
|
17.5m
|
17.3m
|
14.1m
|
14.3m
|
14.3m
|
14.7m
|
14.5m
|
13.7m
|
13.7m
|
14.3m
|
|
Expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Policy Acquisition Costs, Amortization Expense
|
|
$114.3m
|
$109.0m
|
$118.0m
|
$132.3m
|
$140.9m
|
$144.9m
|
$150.9m
|
$120.9m
|
$87.6m
|
$89.7m
|
|
Other Cost and Expense, Operating
|
|
$17.3m
|
$25.7m
|
$29.8m
|
$18.9m
|
$42.0m
|
$27.2m
|
$24.4m
|
$23.4m
|
$25.7m
|
$31.7m
|
|
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims
|
|
$264.0m
|
$269.2m
|
$334.6m
|
$275.4m
|
$336.2m
|
$385.0m
|
$359.2m
|
$289.2m
|
$213.2m
|
$228.3m
|
|
Restructuring Costs
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$3.4m
|
$2.0m
|
$0
|
$0
|
|
Net losses and loss adjustment expenses
|
|
$264.0m
|
$269.2m
|
$334.6m
|
$275.4m
|
$336.2m
|
$385.0m
|
$359.2m
|
$289.2m
|
$213.2m
|
$228.3m
|
|
Corporate expenses
|
|
$17.3m
|
$25.7m
|
$29.8m
|
$18.9m
|
$42.0m
|
$27.2m
|
$24.4m
|
$23.4m
|
$25.7m
|
$31.7m
|
|
Interest Expense
|
|
$8.9m
|
$16.9m
|
$19.7m
|
$20.0m
|
$15.8m
|
$10.5m
|
$3.0m
|
$0
|
$0
|
—
|
|
Current Income Tax Expense (Benefit)
|
|
$477k
|
$519k
|
$325k
|
($41k)
|
$163k
|
$54k
|
$426k
|
$2.2m
|
$415k
|
$7.2m
|
|
Income tax expense
|
|
($2.2m)
|
($499k)
|
($19.2m)
|
$11.7m
|
($8.1m)
|
$3.4m
|
$2.8m
|
$7.5m
|
$11.7m
|
$8.0m
|
|
Other Operating Income (Expense), Net
|
|
$10.3m
|
$6.6m
|
$1.7m
|
$1.8m
|
$2.1m
|
$29.8m
|
$31.4m
|
$1.4m
|
$1.4m
|
$2.3m
|
|
Income Tax Expense (Benefit)
|
|
($2.2m)
|
($499k)
|
($19.2m)
|
$11.7m
|
($8.1m)
|
$3.4m
|
$2.8m
|
$7.5m
|
$11.7m
|
$8.0m
|