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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Premiums written:    
Direct $ 283,005 $ 274,724
Assumed 2,131 2,859
Ceded (43,637) (31,576)
Net premiums written 241,499 246,007
Decrease in unearned premiums, net 13,546 14,894
Net premiums earned 255,045 260,901
Investment income, net of expenses 37,893 41,347
Net realized investment gains 2,215 1,891
Other revenue 2,804 2,754
Total revenues 297,957 306,893
Losses and expenses:    
Losses incurred, net 39,636 60,956
Amortization of deferred policy acquisition costs 2,696 2,510
Other underwriting and operating expenses, net 48,023 42,262
Interest expense 17,985 12,926
Total losses and expenses 108,340 118,654
Income before tax 189,617 188,239
Provision for income taxes 39,596 38,434
Net income $ 150,021 $ 149,805
Earnings per share:    
Basic (in dollars per share) $ 0.44 $ 0.44
Diluted (in dollars per share) $ 0.43 $ 0.42
Weighted average common shares outstanding - basic (in shares) 338,904 344,053
Weighted average common shares outstanding - diluted (in shares) 356,383 365,216