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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Net premiums earned $ 1,188,057 $ 1,080,231 $ 2,346,814 $ 2,131,175
Net investment income earned 127,968 108,642 248,659 216,491
Net realized and unrealized investment gains (losses) 4,172 1,297 4,401 (338)
Other income 6,548 5,835 12,057 13,636
Total revenues 1,326,745 1,196,005 2,611,931 2,360,964
Expenses:        
Loss and loss expense incurred 823,898 925,548 1,570,223 1,629,840
Amortization of deferred policy acquisition costs 250,307 226,426 497,741 445,861
Other insurance expenses 122,823 107,773 247,693 223,760
Interest expense 13,256 7,202 22,829 14,383
Corporate expenses 7,556 9,154 25,654 24,652
Total expenses 1,217,840 1,276,103 2,364,140 2,338,496
Income (loss) before federal income tax 108,905 (80,098) 247,791 22,468
Federal income tax expense (benefit):        
Current 20,501 (17,622) 54,094 3,791
Deferred 2,461 843 (2,142) (522)
Total federal income tax expense (benefit) 22,962 (16,779) 51,952 3,269
Net income (loss) 85,943 (63,319) 195,839 19,199
Preferred stock dividends 2,300 2,300 4,600 4,600
Net income (loss) available to common stockholders, basic 83,643 (65,619) 191,239 14,599
Net income (loss) available to common stockholders, diluted $ 83,643 $ (65,619) $ 191,239 $ 14,599
Earnings per common share:        
Net income (loss) available to common stockholders - Basic (in dollars per share) $ 1.37 $ (1.08) $ 3.14 $ 0.24
Net income (loss) available to common stockholders - Diluted (in dollars per share) $ 1.36 $ (1.08) $ 3.12 $ 0.24