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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
PREMIUMS EARNED AND OTHER REVENUES    
Direct premiums written $ 365,314 $ 334,553
Change in unearned premium 10,292 (8,602)
Direct premium earned 375,606 325,951
Ceded premium earned (132,301) (105,122)
Premiums earned, net 243,305 220,829
Net investment income 2,986 6,834
Net realized gains (losses) on investments 542 299
Net change in unrealized gains (losses) of equity securities (494) (8,024)
Commission revenue 9,126 7,015
Policy fees 5,387 5,540
Other revenue 1,905 2,782
Total premiums earned and other revenues 262,757 235,275
OPERATING COSTS AND EXPENSES    
Losses and loss adjustment expenses 143,963 135,048
General and administrative expenses 82,443 72,643
Total operating costs and expenses 226,406 207,691
INCOME BEFORE INCOME TAXES 36,351 27,584
Income tax expense (benefit) 9,943 7,517
NET INCOME $ 26,408 $ 20,067
Basic earnings per common share (in USD per share) $ 0.85 $ 0.62
Weighted average common shares outstanding - Basic (in shares) 31,208 32,591
Diluted earnings per common share (in USD per share) $ 0.84 $ 0.61
Weighted average common shares outstanding - Diluted (in shares) 31,277 32,731
Cash dividend declared per common share (in USD per share) $ 0.16 $ 0.16