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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Net premiums earned $ 834,439 $ 740,518 $ 1,646,722 $ 1,465,478
Net investment income earned 70,222 83,731 142,824 153,447
Net realized and unrealized investment (losses) gains (42,880) 10,057 (83,232) 15,176
Other income 3,037 6,212 4,566 10,324
Total revenues 864,818 840,518 1,710,880 1,644,425
Expenses:        
Loss and loss expense incurred 524,868 421,623 1,019,104 835,024
Amortization of deferred policy acquisition costs 173,381 154,357 343,138 303,408
Other insurance expenses 101,514 94,862 195,504 183,772
Interest expense 7,252 7,366 14,420 14,725
Corporate expenses 7,899 9,112 18,920 18,666
Total expenses 814,914 687,320 1,591,086 1,355,595
Income before federal income tax 49,904 153,198 119,794 288,830
Federal income tax expense:        
Current 9,692 32,017 26,870 60,441
Deferred 692 (702) (2,926) (2,764)
Total federal income tax expense 10,384 31,315 23,944 57,677
Net income 39,520 121,883 95,850 231,153
Preferred stock dividends 2,300 2,300 4,600 4,753
Net Income available to common stockholders $ 37,220 $ 119,583 $ 91,250 $ 226,400
Earnings per common share:        
Earnings per common share - net income available to common stockholders - Basic $ 0.62 $ 1.99 $ 1.51 $ 3.77
Earnings per common share - net income available to common stockholders - Diluted $ 0.61 $ 1.98 $ 1.50 $ 3.74