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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Net premiums written $ 238,271 $ 238,540
Decrease in unearned premiums 7,577 7,050
Net premiums earned 245,848 245,590
Net investment income 58,210 52,085
Realized investment losses, net (181) (1,140)
Income (loss) from other invested assets 7,408 (1,915)
Other income 6,273 3,737
Total revenues 317,558 298,357
Losses and expenses:    
Provision for losses and LAE 31,287 9,913
Other underwriting and operating expenses 71,124 66,840
Interest expense 8,148 7,862
Total losses and expenses 110,559 84,615
Income before income taxes 206,999 213,742
Income tax expense 31,566 32,023
Net income $ 175,433 $ 181,719
Earnings per share:    
Basic (in dollars per share) $ 1.71 $ 1.72
Diluted (in dollars per share) $ 1.69 $ 1.70
Weighted average shares outstanding:    
Basic (in shares) 102,881 105,697
Diluted (in shares) 103,946 106,770
Other comprehensive income (loss):    
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $11,295 and ($3,122) in the three months ended March 31, 2025 and 2024, respectively. $ 71,738 $ (21,766)
Total other comprehensive income (loss) 71,738 (21,766)
Comprehensive income $ 247,171 $ 159,953