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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Net premiums earned $ 3,373,380 $ 3,017,253 $ 2,681,814
Net investment income earned 288,155 326,589 227,107
Net realized and unrealized investment (losses) gains (114,808) 17,599 (4,217)
Other income 11,335 17,723 17,570
Total revenues 3,558,062 3,379,164 2,922,274
Expenses:      
Loss and loss expense incurred 2,111,778 1,813,984 1,635,823
Amortization of deferred policy acquisition costs 705,822 626,469 560,271
Other insurance expenses 400,313 375,931 366,941
Interest expense 28,847 29,165 30,839
Corporate expenses 31,116 28,305 25,412
Total expenses 3,277,876 2,873,854 2,619,286
Income before federal income tax 280,186 505,310 302,988
Federal income tax expense:      
Current 78,308 87,335 60,059
Deferred (23,008) 14,138 (3,426)
Total federal income tax expense 55,300 101,473 56,633
Net income 224,886 403,837 246,355
Preferred stock dividends 9,200 9,353 0
Net Income available to common stockholders $ 215,686 $ 394,484 $ 246,355
Earnings per common share:      
Earnings per common share - net income available to common stockholders - Basic $ 3.57 $ 6.55 $ 4.12
Earnings per common share - net income available to common stockholders - Diluted $ 3.54 $ 6.50 $ 4.09