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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Net premiums earned $ 1,158,757 $ 1,050,944
Net investment income earned 120,691 107,849
Net realized and unrealized investment gains (losses) 229 (1,635)
Other income 5,509 7,801
Total revenues 1,285,186 1,164,959
Expenses:    
Loss and loss expense incurred 746,325 704,292
Amortization of deferred policy acquisition costs 247,434 219,435
Other insurance expenses 124,870 115,987
Interest expense 9,573 7,181
Corporate expenses 18,098 15,498
Total expenses 1,146,300 1,062,393
Income (loss) before federal income tax 138,886 102,566
Federal income tax expense (benefit):    
Current 33,593 21,413
Deferred (4,603) (1,365)
Total federal income tax expense (benefit) 28,990 20,048
Net income (loss) 109,896 82,518
Preferred stock dividends 2,300 2,300
Net income (loss) available to common stockholders, basic 107,596 80,218
Net income (loss) available to common stockholders, diluted $ 107,596 $ 80,218
Earnings per common share:    
Net income (loss) available to common stockholders - Basic (in dollars per share) $ 1.77 $ 1.32
Net income (loss) available to common stockholders - Diluted (in dollars per share) $ 1.76 $ 1.31