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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
PREMIUMS EARNED AND OTHER REVENUES        
Direct premiums written $ 404,685 $ 357,960 $ 739,238 $ 647,194
Change in unearned premium (67,046) (54,852) (75,648) (48,709)
Direct premium earned 337,639 303,108 663,590 598,485
Ceded premium earned (111,269) (92,751) (216,391) (178,401)
Premiums earned, net 226,370 210,357 447,199 420,084
Net investment income 6,179 7,410 13,013 15,552
Net realized gains (losses) on investments 168 (1,605) 467 (13,130)
Net change in unrealized gains (losses) of equity securities 3,871 3,759 (4,153) 21,791
Commission revenue 7,758 6,048 14,773 11,553
Policy fees 6,546 5,997 12,086 11,018
Other revenue 1,812 1,756 4,594 3,440
Total premiums earned and other revenues 252,704 233,722 487,979 470,308
OPERATING COSTS AND EXPENSES        
Losses and loss adjustment expenses 151,345 113,296 286,393 226,390
General and administrative expenses 73,921 69,496 146,564 139,244
Total operating costs and expenses 225,266 182,792 432,957 365,634
INCOME BEFORE INCOME TAXES 27,438 50,930 55,022 104,674
Income tax expense 7,556 13,637 15,073 27,233
NET INCOME $ 19,882 $ 37,293 $ 39,949 $ 77,441
Basic earnings per common share (in dollars per share) $ 0.62 $ 1.09 $ 1.23 $ 2.24
Weighted average common shares outstanding - Basic (in shares) 32,102 34,311 32,347 34,525
Diluted earnings per common share (in dollars per share) $ 0.62 $ 1.08 $ 1.23 $ 2.22
Weighted average common shares outstanding - Diluted (in shares) 32,170 34,612 32,440 34,903
Cash dividend declared per common share (in dollars per share) $ 0.16 $ 0.16 $ 0.32 $ 0.32