ODYSSEY RE HOLDINGS CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, Continued 19. QUARTERLY FINANCIAL INFORMATION (UNAUDITED) summary of selected quarterly financial information follows (in thousands, except per share amounts): 89 Quarters Ended March 31, June 30, September 30, December 31, 2004 2004 2004 2004 Year Gross premiums written $629,483 $611,976 $754,232 $660,818 $2,656,509 Net premiums written 553,239 550,011 671,283 588,044 2,362,577 Net premiums earned 546,261 580,114 590,007 614,685 2,331,067 Net investment income 35,462 35,105 46,192 47,944 164,703 Net realized investment gains 34,839 32,417 33,625 12,583 113,464 Other expense, net (2,360) (2,596) (4,728) (11,523) (21,207) Income before income taxes 88,861 88,895 27,852 73,142 278,750 Net income 58,955 59,051 18,021 50,872 186,899 Net income per common share: Basic $ 0.92 $ 0.92 $ 0.28 $ 0.79 $ 2.90 Diluted $ 0.85 $ 0.85 $ 0.27 $ 0.74 $ 2.71