| For the Year Ended December 31 ($ in thousands) | 2001 | 2000 |
|
Gross premiums written Ceded premiums written Net premiums written Increase in net unearned premiums Net premiums earned Net investment income Net realized gains |
$ |
154,627 (18,765) 135,862 (33,380) 102,482 124,992 77,043 |
$ |
102,323 (18,182) 84,141 (4,058) 80,083 135,624 21,929 |
| Total revenues | $ | 304,517 | $ | 237,636 |
|
Loss and loss adjustment expenses Policy acquisition costs (Increase)/Decrease in deferred policy acquisition costs Other underwriting expenses |
$ |
1,752 11,742 (3,270) 13,459 |
$ |
3,550 8,096 3,300 15,978 |
| Total expenses | $ | 23,683 | $ | 30,924 |
| Income before provision for federal income taxes | $ | 280,834 | $ | 206,712 |
|
Current Deferred |
$ |
63,011 2,555 |
$ |
34,687 1,285 |
| Total federal income tax expense | $ | 65,566 | $ | 35,972 |
| Net income | $ | 215,268 | $ | 170,740 |
