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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Net premiums earned $ 244,150,000 $ 239,787,000
Net investment income 33,897,000 30,310,000
Equity in earnings (loss) of unconsolidated subsidiaries 2,963,000 (1,121,000)
Net investment gains (losses):    
Impairment losses (1,510,000) (2,933,000)
Portion of impairment losses recognized in other comprehensive income (loss) before taxes 576,000 0
Net impairment losses recognized in earnings (934,000) (2,933,000)
Other net investment gains (losses) 666,000 5,845,000
Total net investment gains (losses) (268,000) 2,912,000
Other income 3,955,000 787,000
Total revenues 284,697,000 272,675,000
Expenses    
Net losses and loss adjustment expenses 194,694,000 205,296,000
Underwriting, policy acquisition and operating expenses:    
Operating expense 44,311,000 35,084,000
DPAC amortization 33,694,000 32,704,000
SPC U.S. federal income tax expense (benefit) 416,000 532,000
SPC dividend expense (income) 607,000 1,942,000
Interest expense 5,657,000 5,463,000
Total expenses 279,379,000 281,021,000
Income (loss) before income taxes 5,318,000 (8,346,000)
Provision for income taxes:    
Current expense (benefit) (561,000) 458,000
Deferred expense (benefit) 1,253,000 (2,630,000)
Total income tax expense (benefit) 692,000 (2,172,000)
Net income (loss) 4,626,000 (6,174,000)
Other comprehensive income (loss), after tax, net of reclassification adjustments (2,472,000) 42,629,000
Comprehensive income (loss) $ 2,154,000 $ 36,455,000
Earnings (loss) per share:    
Basic (in usd per share) $ 0.09 $ (0.11)
Diluted (in usd per share) $ 0.09 $ (0.11)
Weighted average number of common shares outstanding:    
Basic (in shares) 51,013 53,987
Diluted (in shares) 51,149 54,117
Cash dividends declared per common share (in usd per share) $ 0 $ 0.05