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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Net premiums earned $ 151,323 $ 143,343 $ 449,755 $ 421,168
Net investment income 26,773 22,474 75,408 62,598
Net realized investment gains (losses) 321 (10) (55) (10)
Other revenues 262 285 596 711
Total revenues 178,679 166,092 525,704 484,467
Expenses        
Insurance claims and claim expenses 18,554 10,321 36,477 14,291
Underwriting and operating expenses 29,156 29,160 88,839 87,305
Service expenses 162 208 388 539
Interest expense 7,124 7,076 21,345 29,794
Total expenses 54,996 46,765 147,049 131,929
Income before income taxes 123,683 119,327 378,655 352,538
Income tax expense 27,684 26,517 83,946 78,599
Net income $ 95,999 $ 92,810 $ 294,709 $ 273,939
Earnings per share        
Basic (in dollars per share) $ 1.24 $ 1.17 $ 3.78 $ 3.42
Diluted (in dollars per share) $ 1.22 $ 1.15 $ 3.72 $ 3.36
Weighted average common shares outstanding        
Basic (in shares) 77,410 79,549 77,935 80,129
Diluted (in shares) 78,830 81,045 79,315 81,484
Comprehensive income:        
Net income $ 95,999 $ 92,810 $ 294,709 $ 273,939
Other comprehensive income, net of tax:        
Unrealized gains in accumulated other comprehensive loss, net of tax expense of $5,145 and $18,441 for the three months ended September 30, 2025 and 2024, and $18,901 and $15,300 for the nine months ended September 30, 2025 and 2024, respectively 19,356 69,372 71,106 57,918
Reclassification adjustment for realized (gains) losses included in net income, net of tax expense (benefit) of $67 and $(2) for the three months ended September 30, 2025 and 2024, and $(12) and $(2) for the nine months ended September 30, 2025 and 2024, respectively (253) 8 44 8
Other comprehensive income, net of tax 19,103 69,380 71,150 57,926
Comprehensive income $ 115,102 $ 162,190 $ 365,859 $ 331,865