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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
PREMIUMS EARNED AND OTHER REVENUES        
Direct premiums written $ 309,176 $ 274,744 $ 921,941 $ 816,350
Change in unearned premium (20,772) (19,935) (97,249) (80,543)
Direct premium earned 288,404 254,809 824,692 735,807
Ceded premium earned (99,466) (80,292) (260,905) (230,722)
Premiums earned, net 188,938 174,517 563,787 505,085
Net investment income (expense) 6,642 3,085 17,213 9,012
Net realized gains (losses) on sale of securities 403 803 (2,093) 2,450
Net change in unrealized gains (losses) of equity securities (2,473)   (9,103)  
Commission revenue 5,658 5,304 16,638 14,546
Policy fees 5,204 4,861 15,743 14,594
Other revenue 1,783 1,673 5,258 4,917
Total premiums earned and other revenues 206,155 190,243 607,443 550,604
OPERATING COSTS AND EXPENSES        
Losses and loss adjustment expenses 85,947 116,375 251,715 267,129
General and administrative expenses 69,041 57,269 191,614 171,582
Total operating costs and expenses 154,988 173,644 443,329 438,711
INCOME BEFORE INCOME TAXES 51,167 16,599 164,114 111,893
Income tax expense 13,787 6,635 40,595 41,354
NET INCOME $ 37,380 $ 9,964 $ 123,519 $ 70,539
Basic earnings per common share $ 1.07 $ 0.29 $ 3.54 $ 2.02
Weighted average common shares outstanding - Basic 34,861 34,686 34,870 34,927
Diluted earnings per common share $ 1.04 $ 0.28 $ 3.45 $ 1.96
Weighted average common shares outstanding - Diluted 35,919 35,615 35,754 35,917
Cash dividend declared per common share $ 0.16 $ 0.14 $ 0.44 $ 0.42