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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Net premiums earned $ 1,112,228 $ 981,917 $ 3,243,403 $ 2,826,403
Net investment income earned 117,759 100,863 334,250 290,065
Net realized and unrealized investment gains (losses) 5,389 (6,880) 5,051 (8,962)
Other income 8,930 5,181 22,566 13,919
Total revenues 1,244,306 1,081,081 3,605,270 3,121,425
Expenses:        
Loss and loss expense incurred 765,658 645,897 2,395,498 1,859,465
Amortization of deferred policy acquisition costs 235,560 201,106 681,421 585,660
Other insurance expenses 114,689 108,504 338,449 325,949
Interest expense 7,250 7,186 21,633 21,610
Corporate expenses 4,662 5,871 29,314 27,308
Total expenses 1,127,819 968,564 3,466,315 2,819,992
Income (loss) before federal income tax 116,487 112,517 138,955 301,433
Federal income tax expense (benefit):        
Current 27,142 24,133 30,933 67,004
Deferred (2,933) (824) (3,455) (5,961)
Total federal income tax expense (benefit) 24,209 23,309 27,478 61,043
Net income (loss) 92,278 89,208 111,477 240,390
Preferred stock dividends 2,300 2,300 6,900 6,900
Net income (loss) available to common stockholders $ 89,978 $ 86,908 $ 104,577 $ 233,490
Earnings per common share:        
Net income (loss) available to common stockholders - Basic (in dollars per share) $ 1.48 $ 1.43 $ 1.72 $ 3.85
Net income (loss) available to common stockholders - Diluted (in dollars per share) $ 1.47 $ 1.42 $ 1.71 $ 3.83