For the Nine Months Ended | |||
September 30, 2012 | |||
Revenues: | |||
Net earned premium | $ | 1,845 | |
Ceding commissions | 2,135 | ||
Net increase to total revenues from the change in accounting estimate | 3,980 | ||
Expenses: | |||
Commissions | 2,739 | ||
Other operating expenses | (268 | ) | |
Net increase to total expenses from the change in accounting estimate | 2,471 | ||
Net increase to income before income taxes from the change in accounting estimate | 1,509 | ||
Income taxes | 533 | ||
Net increase to net income from the change in accounting estimate | $ | 976 | |
Increase to earnings per share from the change in accounting estimate: | |||
Basic | $ | 0.05 | |
Diluted | $ | 0.05 | |