XML 35 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Net premiums earned $ 4,376,447 $ 3,827,606 $ 3,373,380
Net investment income earned 457,051 388,650 288,155
Net realized and unrealized investment gains (losses) (2,949) (3,552) (114,808)
Other income 31,115 19,402 11,335
Total revenues 4,861,664 4,232,106 3,558,062
Expenses:      
Loss and loss expense incurred 3,164,484 2,484,285 2,111,778
Amortization of deferred policy acquisition costs 922,431 796,182 705,822
Other insurance expenses 453,235 433,742 400,313
Interest expense 28,878 28,799 28,847
Corporate expenses 34,602 30,686 31,116
Total expenses 4,603,630 3,773,694 3,277,876
Income before federal income tax 258,034 458,412 280,186
Federal income tax expense:      
Current 67,369 94,022 78,308
Deferred (16,347) (848) (23,008)
Total federal income tax expense 51,022 93,174 55,300
Net income 207,012 365,238 224,886
Preferred stock dividends 9,200 9,200 9,200
Net income available to common stockholders: 197,812 356,038 215,686
Net income available to common stockholders $ 197,812 $ 356,038 $ 215,686
Earnings per common share:      
Net income available to common stockholders - Basic (in dollars per share) $ 3.25 $ 5.87 $ 3.57
Net income available to common stockholders - Diluted (in dollars per share) $ 3.23 $ 5.84 $ 3.54