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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
PREMIUMS EARNED AND OTHER REVENUES      
Direct premiums written $ 1,292,721 $ 1,190,875 $ 1,055,886
Change in unearned premium (59,600) (69,235) (56,688)
Direct premium earned 1,233,121 1,121,640 999,198
Ceded premium earned (390,619) (353,258) (310,405)
Premiums earned, net 842,502 768,382 688,793
Net investment income 30,743 24,816 13,460
Net realized gains (losses) on investments (12,715) (2,089) 2,570
Net change in unrealized gains (losses) of equity securities 23,188 (17,169) 0
Commission revenue 26,101 22,438 21,253
Policy fees 21,560 20,275 18,838
Other revenue 7,972 7,163 7,002
Total premiums earned and other revenues 939,351 823,816 751,916
OPERATING COSTS AND EXPENSES      
Losses and loss adjustment expenses 603,406 414,455 350,428
General and administrative expenses 272,428 256,488 231,004
Total operating costs and expenses 875,834 670,943 581,432
INCOME BEFORE INCOME TAXES 63,517 152,873 170,484
Income tax expense 17,003 35,822 63,549
NET INCOME $ 46,514 $ 117,051 $ 106,935
Basic earnings per common share (in dollars per share) $ 1.37 $ 3.36 $ 3.07
Weighted average common shares outstanding - Basic (in shares) 33,893 34,856 34,841
Diluted earnings per common share (in dollars per share) $ 1.36 $ 3.27 $ 2.99
Weighted average common shares outstanding - Diluted (in shares) 34,233 35,786 35,809
Cash dividend declared per common share (in dollars per share) $ 0.77 $ 0.73 $ 0.69