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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Net premiums earned $ 902,336 $ 812,283
Net investment income earned 91,506 72,602
Net realized and unrealized investment gains (losses) 3,344 (40,352)
Other income 2,634 1,529
Total revenues 999,820 846,062
Expenses:    
Loss and loss expense incurred 567,438 494,236
Amortization of deferred policy acquisition costs 189,761 169,757
Other insurance expenses 108,588 93,990
Interest expense 7,166 7,168
Corporate expenses 12,108 11,021
Total expenses 885,061 776,172
Income before federal income tax 114,759 69,890
Federal income tax expense:    
Current 25,505 17,178
Deferred (3,320) (3,618)
Total federal income tax expense 22,185 13,560
Net income 92,574 56,330
Preferred stock dividends 2,300 2,300
Net Income available to common stockholders $ 90,274 $ 54,030
Earnings per common share (not in thousands):    
Earnings per common share - net income available to common stockholders - Basic $ 1.49 $ 0.89
Earnings per common share - net income available to common stockholders - Diluted $ 1.48 $ 0.89