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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income $ 427,797 $ 456,149
Less: Income (loss) from discontinued operations, net of tax (31,580) (40,411)
Net income from continuing operations 459,377 496,560
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Net (gains) losses on investments and other financial instruments (1,135) (2,403)
Loss on extinguishment of debt 0 4,275
Depreciation, other amortization, and other impairments, net 43,678 46,595
Deferred income tax provision 126,861 134,704
Change in:    
Accrued investment income 1,277 (91)
Accounts and notes receivable (7,775) (12,756)
Reinsurance recoverable (10,278) (6,957)
Deferred policy acquisition costs 1,035 288
Prepaid federal income tax (91,549) (120,016)
Other assets 16,195 20,684
Unearned premiums (22,172) (27,389)
Reserve for losses and LAE 33,219 (7,969)
Reinsurance funds withheld 9,396 8,246
Other liabilities (11,918) (25,244)
Cash Provided by (Used in) Operating Activity, Continuing Operation, Total 546,211 508,527
Net cash provided by (used in) operating activities, discontinued operations (833,343) (902,684)
Net cash provided by (used in) operating activities (287,132) (394,157)
Proceeds from sales of:    
Available for sale securities 274,713 391,612
Equity securities 39,394 28,503
Proceeds from redemptions of:    
Available for sale securities 611,833 640,196
Trading securities 10,998 16,929
Purchases of:    
Available for sale securities (716,299) (1,016,926)
Equity securities (15,345) (21,976)
Sales, redemptions and (purchases) of:    
Short-term investments, net (203,637) 275,139
Other assets and other invested assets, net (111) 1,274
Additions to property and equipment (3,336) (1,391)
Cash Provided by (Used in) Investing Activity, Continuing Operation, Total (1,790) 313,360
Net cash provided by (used in) investing activities, discontinued operations 206,395 (20,931)
Net cash provided by (used in) investing activities 204,605 292,429
Cash flows from financing activities    
Dividends and dividend equivalents paid (110,742) (115,227)
Issuance of common stock 1,027 928
Repurchases of common stock, including excise taxes paid (431,909) (149,043)
Issuance of senior notes 0 616,745
Redemption of senior notes 0 (977,079)
Proceeds (repayments) of FHLB advances, net (with terms three months or less) 2,041 (11,500)
Proceeds from FHLB advances (with terms greater than three months) 34,179 0
Repayments of FHLB advances (with terms greater than three months) (21,684) (29,413)
Proceeds from credit facility borrowings 50,000 0
Repayments of credit facility borrowings (50,000) 0
Credit facility commitment fees paid (409) (573)
Proceeds (repayments) related to cash collateral for loaned securities, net (7,074) (32,459)
Cash Provided by (Used in) Financing Activity, Continuing Operation, Total (534,571) (697,621)
Net cash provided by (used in) financing activities, discontinued operations 591,672 809,359
Net cash provided by (used in) financing activities 57,101 111,738
Increase (decrease) in cash and restricted cash (25,426) 10,010
Cash and restricted cash, beginning of period [1] 41,472 20,065
Cash and restricted cash, end of period [1] 16,046 30,075
Supplemental noncash information, discontinued operations    
Transfer from residential mortgage loans held for sale to securitized residential mortgage loans held for investment 767,948 350,875
Retention of mortgage servicing and other related rights from residential mortgage loan sales 4,835 2,189
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 1,186 $ 1,242
[1] For the nine months ended September 30, 2025, includes $22 million and $1 million as of the beginning and end of period, respectively, of cash and restricted cash related to discontinued operations that are included in assets held for sale on our condensed consolidated balance sheets. For the nine months ended September 30, 2024, includes $9 million and $5 million as of the beginning and end of period, respectively, of cash and restricted cash related to discontinued operations that are included in assets held for sale on our condensed consolidated balance sheets. See Note 3 for additional details.