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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
PREMIUMS EARNED AND OTHER REVENUES        
Direct premiums written $ 342,872 $ 309,176 $ 990,066 $ 921,941
Change in unearned premium (29,807) (20,772) (78,516) (97,249)
Direct premium earned 313,065 288,404 911,550 824,692
Ceded premium earned (106,466) (99,466) (284,867) (260,905)
Premiums earned, net 206,599 188,938 626,683 563,787
Net investment income 7,613 6,642 23,165 17,213
Net realized gains (losses) on investments (22) 403 (13,152) (2,093)
Net change in unrealized gains (losses) of equity securities 573 (2,473) 22,364 (9,103)
Commission revenue 7,380 5,658 18,933 16,638
Policy fees 5,569 5,204 16,587 15,743
Other revenue 1,929 1,783 5,369 5,258
Total premiums earned and other revenues 229,641 206,155 699,949 607,443
OPERATING COSTS AND EXPENSES        
Losses and loss adjustment expenses 132,571 85,947 358,961 251,715
General and administrative expenses 69,174 69,041 208,418 191,614
Total operating costs and expenses 201,745 154,988 567,379 443,329
INCOME BEFORE INCOME TAXES 27,896 51,167 132,570 164,114
Income tax expense 7,750 13,787 34,983 40,595
NET INCOME $ 20,146 $ 37,380 $ 97,587 $ 123,519
Basic earnings per common share (in dollars per share) $ 0.60 $ 1.07 $ 2.85 $ 3.54
Weighted average common shares outstanding - Basic (in shares) 33,649 34,861 34,230 34,870
Diluted earnings per common share (in dollars per share) $ 0.59 $ 1.04 $ 2.82 $ 3.45
Weighted average common shares outstanding - Diluted (in shares) 33,930 35,919 34,565 35,754
Cash dividend declared per common share (in dollars per share) $ 0.16 $ 0.16 $ 0.48 $ 0.44