Net Income

Stock Price Range

(in thousands,
except per share
data)

Revenues

Amount

Per Share

Cash
Dividend
Per Share

High

Low

2001

First Quarter

$

89,410

$

12,876

$

0.20

$

0.0375

$

19.96

$

14.38

Second Quarter

89,933

12,420

0.20

0.0375

23.05

16.95

Third Quarter

89,809

13,402

0.21

0.0375

26.30

20.50

Fourth Quarter

95,877

15,215

0.24

0.0475

31.50

23.70

$

365,029

$

53,913

$

0.85

$

0.1600

2000

First Quarter

$

67,951

$

9,910

$

0.16

$

0.0325

$

10.06

$

7.81

Second Quarter

65,002

8,299

0.14

0.0325

13.11

9.50

Third Quarter

65,069

8,819

0.14

0.0325

16.00

11.86

Fourth Quarter

67,383

5,765

0.09

0.0375

17.94

14.88

$

265,405

$

32,793

$

0.53

$

0.1350

1999

First Quarter

$

61,745

8,920

$

0.14

$

0.0275

$

9.61

$

7.33

Second Quarter

59,103

7,243

0.12

0.0275

9.50

7.60

Third Quarter

58,939

7,570

0.12

0.0275

9.86

8.30

Fourth Quarter

57,736

4,538

0.08

0.0325

10.16

7.69

$

237,523

28,271

$

0.46

$

0.1150

⁽¹⁾

Quarterly financial information is affected by seasonal variations. The timing of contingent commissions, policy renewals and acquisitions may cause revenues, expenses and net income to vary significantly between quarters.