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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Net premiums earned $ 247,271 $ 238,993 $ 512,982 $ 426,351
Net investment income 21,944 17,417 42,387 32,434
Equity in earnings (loss) of unconsolidated subsidiaries 5,180 11,927 12,799 18,715
Net investment gains (losses):        
Impairment losses 972 0 972 0
Portion of impairment losses recognized in other comprehensive income (loss) before taxes 419 0 419 0
Net impairment losses recognized in earnings 553 0 553 0
Other net investment gains (losses) (23,331) 10,833 (36,837) 19,682
Total net investment gains (losses) (23,884) 10,833 (37,390) 19,682
Other income 5,314 2,458 8,119 4,462
Total revenues 255,825 281,628 538,897 501,644
Expenses        
Net losses and loss adjustment expenses 177,670 181,852 387,093 331,636
Underwriting, policy acquisition and operating expenses:        
Operating expense 42,938 50,542 81,748 82,062
DPAC amortization 34,395 26,646 67,361 51,576
SPC U.S. federal income tax expense 349 504 991 860
SPC dividend expense (income) (854) 2,864 1,513 4,606
Interest expense 4,919 5,176 9,360 8,389
Total expenses 259,417 267,584 548,066 479,129
Gain on bargain purchase 0 74,408 0 74,408
Income (loss) before income taxes (3,592) 88,452 (9,169) 96,923
Provision for income taxes:        
Current expense (benefit) 65 (4,057) (542) (1,049)
Deferred expense (benefit) (1,998) 459 (3,408) (1,813)
Total income tax expense (benefit) (1,933) (3,598) (3,950) (2,862)
Net income (loss) (1,659) 92,050 (5,219) 99,785
Other comprehensive income (loss), after tax, net of reclassification adjustments (109,622) 11,550 (250,472) (22,155)
Comprehensive income (loss) $ (111,281) $ 103,600 $ (255,691) $ 77,630
Earnings (loss) per share:        
Basic (in usd per share) $ (0.03) $ 1.71 $ (0.10) $ 1.85
Diluted (in usd per share) $ (0.03) $ 1.70 $ (0.10) $ 1.85
Weighted average number of common shares outstanding:        
Basic (in shares) 54,068 53,965 54,040 53,942
Diluted (in shares) 54,186 54,048 54,165 54,023
Cash dividends declared per common share (in usd per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10