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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
PREMIUMS EARNED AND OTHER REVENUES    
Direct premiums written $ 289,234 $ 269,984
Change in unearned premium 6,143 (7,723)
Direct premium earned 295,377 262,261
Ceded premium earned (85,650) (79,684)
Premiums earned, net 209,727 182,577
Net investment income 8,142 4,785
Net realized gains (losses) on sale of securities (11,525) (2,641)
Net change in unrealized gains (losses) of equity securities 18,032 (5,109)
Commission revenue 5,505 5,271
Policy fees 5,021 4,775
Other revenue 1,684 1,842
Total premiums earned and other revenues 236,586 191,500
OPERATING COSTS AND EXPENSES    
Losses and loss adjustment expenses 113,094 75,926
General and administrative expenses 69,748 63,875
Total operating costs and expenses 182,842 139,801
INCOME BEFORE INCOME TAXES 53,744 51,699
Income tax expense 13,596 11,644
NET INCOME $ 40,148 $ 40,055
Basic earnings per common share (in dollars per share) $ 1.16 $ 1.15
Weighted average common shares outstanding - Basic (in shares) 34,741 34,839
Diluted earnings per common share (in dollars per share) $ 1.14 $ 1.12
Weighted average common shares outstanding - Diluted (in shares) 35,206 35,660
Cash dividend declared per common share (in dollars per share) $ 0.16 $ 0.14