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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Net premiums earned $ 740,518 $ 630,671 $ 1,465,478 $ 1,282,374
Net investment income earned 83,731 34,444 153,447 90,411
Net realized and unrealized investment gains (losses) 10,057 12,649 15,176 (32,017)
Other income 6,212 4,683 10,324 6,508
Total revenues 840,518 682,447 1,644,425 1,347,276
Expenses:        
Loss and loss expense incurred 421,623 403,949 835,024 804,273
Amortization of deferred policy acquisition costs 154,357 136,931 303,408 273,432
Other insurance expenses 94,862 84,601 183,772 179,947
Interest expense 7,366 7,928 14,725 15,529
Corporate expenses 9,112 6,345 18,666 15,405
Total expenses 687,320 639,754 1,355,595 1,288,586
Income before federal income tax 153,198 42,693 288,830 58,690
Federal income tax expense:        
Current 32,017 (1,350) 60,441 8,536
Deferred (702) 9,860 (2,764) 735
Total federal income tax expense 31,315 8,510 57,677 9,271
Net income 121,883 34,183 231,153 49,419
Preferred stock dividends 2,300 0 4,753 0
Net Income available to common stockholders $ 119,583 $ 34,183 $ 226,400 $ 49,419
Earnings per common share:        
Net income available to common stockholders - Basic $ 1.99 $ 0.57 $ 3.77 $ 0.83
Net income available to common stockholders - Diluted $ 1.98 $ 0.57 $ 3.74 $ 0.82