XML 18 R3.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Net premiums earned $ 767,247 $ 694,541 $ 2,232,725 $ 1,976,915
Net investment income earned 93,032 68,185 246,479 158,596
Net realized and unrealized investment gains (losses) 177 7,721 15,353 (24,296)
Other income 4,588 6,119 14,912 12,627
Total revenues 865,044 776,566 2,509,469 2,123,842
Expenses:        
Loss and loss expense incurred 505,269 447,802 1,340,293 1,252,075
Amortization of deferred policy acquisition costs 160,868 142,291 464,276 415,723
Other insurance expenses 94,759 89,530 278,531 269,477
Interest expense 7,242 7,781 21,967 23,310
Corporate expenses 4,270 3,905 22,936 19,310
Total expenses 772,408 691,309 2,128,003 1,979,895
Income before federal income tax 92,636 85,257 381,466 143,947
Federal income tax expense:        
Current 18,878 17,412 79,319 25,948
Deferred 53 (2,030) (2,711) (1,295)
Total federal income tax expense 18,931 15,382 76,608 24,653
Net income 73,705 69,875 304,858 119,294
Preferred stock dividends 2,300 0 7,053 0
Net Income available to common stockholders $ 71,405 $ 69,875 $ 297,805 $ 119,294
Earnings per common share:        
Net income available to common stockholders - Basic $ 1.19 $ 1.17 $ 4.95 $ 1.99
Net income available to common stockholders - Diluted $ 1.18 $ 1.16 $ 4.92 $ 1.98