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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Net premiums written $ 241,828 $ 242,965 $ 721,587 $ 727,071
Decrease in unearned premiums 4,504 5,971 19,402 19,346
Net premiums earned 246,332 248,936 740,989 746,417
Net investment income 59,795 57,340 177,294 165,511
Realized investment gains (losses), net (425) 68 (735) (2,236)
Income from other invested assets 1,770 2,820 13,644 486
Other income 4,358 7,414 17,339 17,699
Total revenues 311,830 316,578 948,531 927,877
Losses and expenses:        
Provision for losses and LAE 44,922 30,666 93,264 40,245
Other underwriting and operating expenses 59,498 66,881 193,387 199,923
Interest expense 8,251 11,457 24,547 27,168
Total losses and expenses 112,671 109,004 311,198 267,336
Income before income taxes 199,159 207,574 637,333 660,541
Income tax expense 34,944 31,399 102,346 99,038
Net income $ 164,215 $ 176,175 $ 534,987 $ 561,503
Earnings per share:        
Basic (in dollars per share) $ 1.69 $ 1.67 $ 5.35 $ 5.32
Diluted (in dollars per share) $ 1.67 $ 1.65 $ 5.29 $ 5.26
Weighted average shares outstanding:        
Basic (in shares) 97,400 105,266 100,086 105,539
Diluted (in shares) 98,519 106,554 101,155 106,700
Other comprehensive income:        
Change in unrealized appreciation of investments, net of tax expense of $9,000 and $20,049 in the three months ended September 30, 2025 and 2024, and $22,365 and $15,335 in the nine months ended September 30, 2025 and 2024, respectively. $ 50,241 $ 117,358 $ 138,559 $ 90,217
Total other comprehensive income 50,241 117,358 138,559 90,217
Comprehensive income $ 214,456 $ 293,533 $ 673,546 $ 651,720