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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Net premiums earned $ 259,225 $ 268,849
Investment income, net of investment expenses 17,081 2,363
Net realized investment gains (losses) (includes reclassifications for net unrealized investment gains/(losses) on available-for-sale securities of $(807) in 2021 and $(121) in 2020; previously included in accumulated other comprehensive income) 24,508 (93,407)
Other income (loss) (79) 0
Total revenues 300,735 177,805
Benefits, Losses and Expenses    
Losses and loss settlement expenses 206,398 186,503
Amortization of deferred policy acquisition costs 53,265 54,452
Other underwriting expenses (includes reclassifications for employee benefit costs of $1,667 in 2021 and $1,072 in 2020; previously included in accumulated other comprehensive income) 18,368 41,849
Total benefits, losses and expenses 278,031 282,804
Income (loss) before income taxes 22,704 (104,999)
Federal income tax expense (benefit) (includes reclassifications of $520 in 2021 and $250 in 2020; previously included in accumulated other comprehensive income) 4,002 (32,465)
Net Income (loss) 18,702 (72,534)
Other comprehensive income (loss)    
Change in net unrealized appreciation on investments (30,497) 7,168
Change in liability for underfunded employee benefit plans 6,505 (1,593)
Other comprehensive income, before tax and reclassification adjustments (23,992) 5,575
Income tax effect 5,038 (1,171)
Change in accumulated other comprehensive income before reclassifications (18,954) 4,404
Reclassification adjustment for net realized investment losses included in income 807 121
Reclassification adjustment for employee benefit costs included in expense (1,667) (1,072)
Total reclassification adjustments, before tax 2,474 1,193
Income tax effect (520) (250)
Total reclassification adjustments, after tax 1,954 943
Comprehensive income (loss) $ 1,702 $ (67,187)
Diluted weighted average common shares outstanding (in shares) 25,379,812 25,014,027
Earnings (loss) per common share:    
Basic (in dollars per share) $ 0.75 $ (2.90)
Diluted (in dollars per share) $ 0.74 $ (2.90)