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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Net premiums earned $ 1,034,469 $ 987,512 $ 2,039,173 $ 1,950,062
Net investment income 58,350 38,555 110,323 73,906
Net realized investment (losses) gains (19,778) (241,938) 29,229 (437,024)
Other 10,186 1,496 11,081 4,142
Total revenues 1,083,227 785,625 2,189,806 1,591,086
Expenses:        
Losses and loss adjustment expenses 897,810 826,779 1,827,339 1,648,713
Policy acquisition costs 172,737 156,482 337,245 318,574
Other operating expenses 68,341 69,430 138,031 139,720
Interest 5,549 4,274 10,479 8,548
Total expenses 1,144,437 1,056,965 2,313,094 2,115,555
Loss before income taxes (61,210) (271,340) (123,288) (524,469)
Income tax benefit (19,667) (60,659) (36,457) (116,870)
Net loss $ (41,543) $ (210,681) $ (86,831) $ (407,599)
Net loss per share:        
Basic (in dollars per share) $ (0.75) $ (3.80) $ (1.57) $ (7.36)
Diluted (in dollars per share) $ (0.75) $ (3.80) $ (1.57) $ (7.36)
Weighted average shares outstanding:        
Basic (in shares) 55,371 55,371 55,371 55,371
Diluted (in shares) 55,371 55,371 55,371 55,371