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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Net premiums earned $ 853,879 $ 767,247 $ 2,500,601 $ 2,232,725
Net investment income earned 63,889 93,032 206,713 246,479
Net realized and unrealized investment (losses) gains (25,681) 177 (108,913) 15,353
Other income 2,933 4,588 7,499 14,912
Total revenues 895,020 865,044 2,605,900 2,509,469
Expenses:        
Loss and loss expense incurred 547,826 505,269 1,566,930 1,340,293
Amortization of deferred policy acquisition costs 179,048 160,868 522,186 464,276
Other insurance expenses 102,806 94,759 298,310 278,531
Interest expense 7,179 7,242 21,599 21,967
Corporate expenses 5,522 4,270 24,442 22,936
Total expenses 842,381 772,408 2,433,467 2,128,003
Income before federal income tax 52,639 92,636 172,433 381,466
Federal income tax expense:        
Current 14,813 18,878 41,682 79,319
Deferred (4,699) 53 (7,624) (2,711)
Total federal income tax expense 10,114 18,931 34,058 76,608
Net income 42,525 73,705 138,375 304,858
Preferred stock dividends 2,300 2,300 6,900 7,053
Net Income available to common stockholders $ 40,225 $ 71,405 $ 131,475 $ 297,805
Earnings per common share:        
Earnings per common share - net income available to common stockholders - Basic $ 0.67 $ 1.19 $ 2.18 $ 4.95
Earnings per common share - net income available to common stockholders - Diluted $ 0.66 $ 1.18 $ 2.16 $ 4.92