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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Net premiums written $ 205,900 $ 199,731
Decrease in unearned premiums 5,358 15,599
Net premiums earned 211,258 215,330
Net investment income 43,236 24,680
Realized investment losses, net (488) (7,352)
(Loss) income from other invested assets (2,702) 24,705
Other income 4,942 7,248
Total revenues 256,246 264,611
Losses and expenses:    
(Benefit) provision for losses and LAE (180) (106,858)
Other underwriting and operating expenses 48,195 40,796
Interest expense 6,936 2,226
Total losses and expenses 54,951 (63,836)
Income before income taxes 201,295 328,447
Income tax expense 30,468 54,280
Net income $ 170,827 $ 274,167
Earnings per share:    
Basic (in dollars per share) $ 1.60 $ 2.53
Diluted (in dollars per share) $ 1.59 $ 2.52
Weighted average shares outstanding:    
Basic (in shares) 106,943 108,166
Diluted (in shares) 107,585 108,590
Net income $ 170,827 $ 274,167
Other comprehensive income (loss):    
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $9,428 and ($35,897) in the three months ended March 31, 2023 and 2022 58,753 (203,006)
Total other comprehensive income (loss) 58,753 (203,006)
Comprehensive income $ 229,580 $ 71,161