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Condensed Consolidated Statements of Operations (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 earned (Note 8) $ 237,103 $ 235,144 $ 704,673 $ 703,961
Net investment income (Note 7) 63,399 69,349 186,081 202,603
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $808, $2,401, $(2,686) and $(4,299)) (Note 7) 1,285 6,721 1,135 2,403
Other income 1,399 2,166 4,683 4,663
Total revenues 303,186 313,380 896,572 913,630
Expenses        
Provision for losses 17,886 6,346 45,180 (2,309)
Policy acquisition costs 7,166 6,724 20,759 20,040
Other operating expenses 62,256 64,112 189,342 189,220
Interest expense (Note 12) 17,184 21,892 51,101 71,456
Total expenses 104,492 99,074 306,382 278,407
Pretax income from continuing operations 198,694 214,306 590,190 635,223
Income tax provision 45,892 47,751 130,813 138,663
Net income from continuing operations 152,802 166,555 459,377 496,560
Income (loss) from discontinued operations, net of tax (11,359) (14,663) (31,580) (40,411)
Net income $ 141,443 $ 151,892 $ 427,797 $ 456,149
Net income per share        
Net income from continuing operations, Basic $ 1.12 $ 1.1 $ 3.28 $ 3.24
Income (loss) from discontinued operations, net of tax, Basic (0.08) (0.1) (0.23) (0.26)
Basic net income per share 1.04 1 3.05 2.98
Net income from continuing operations, Diluted 1.11 1.09 3.25 3.21
Income (loss) from discontinued operations, net of tax, Diluted (0.08) (0.1) (0.22) (0.26)
Diluted net income per share $ 1.03 $ 0.99 $ 3.03 $ 2.95
Weighted average number of common shares outstanding—basic (in shares) 137,003 151,846 140,265 153,199
Weighted average number of common and common equivalent shares outstanding—diluted (in shares) 137,926 153,073 141,410 154,607