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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
PREMIUMS EARNED AND OTHER REVENUES        
Direct premiums written $ 342,781 $ 296,191 $ 612,765 $ 541,606
Change in unearned premium (68,754) (51,568) (76,477) (60,608)
Direct premium earned 274,027 244,623 536,288 480,998
Ceded premium earned (81,755) (75,614) (161,439) (150,430)
Premiums earned, net 192,272 169,009 374,849 330,568
Net investment income (expense) 5,786 3,223 10,571 5,927
Net realized gains (losses) on sale of securities 145 1,710 (2,496) 1,647
Net change in unrealized gains (losses) of equity securities (1,521)   (6,630)  
Commission revenue 5,709 4,644 10,980 9,242
Policy fees 5,764 5,250 10,539 9,733
Other revenue 1,633 1,651 3,475 3,244
Total premiums earned and other revenues 209,788 185,487 401,288 360,361
OPERATING COSTS AND EXPENSES        
Losses and loss adjustment expenses 89,842 80,184 165,768 150,754
General and administrative expenses 58,698 57,380 122,573 114,313
Total operating costs and expenses 148,540 137,564 288,341 265,067
INCOME BEFORE INCOME TAXES 61,248 47,923 112,947 95,294
Income tax expense 15,164 18,547 26,808 34,719
NET INCOME $ 46,084 $ 29,376 $ 86,139 $ 60,575
Basic earnings per common share $ 1.32 $ 0.84 $ 2.47 $ 1.73
Weighted average common shares outstanding - Basic 34,909 34,959 34,874 35,049
Diluted earnings per common share $ 1.29 $ 0.82 $ 2.42 $ 1.68
Weighted average common shares outstanding - Diluted 35,589 35,958 35,636 36,061
Cash dividend declared per common share $ 0.14 $ 0.14 $ 0.28 $ 0.28