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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
PREMIUMS EARNED AND OTHER REVENUES        
Direct premiums written $ 473,627 $ 404,685 $ 838,941 $ 739,238
Change in unearned premium (81,053) (67,046) (70,761) (75,648)
Direct premium earned 392,574 337,639 768,180 663,590
Ceded premium earned (136,402) (111,269) (268,703) (216,391)
Premiums earned, net 256,172 226,370 499,477 447,199
Net investment income 2,858 6,179 5,844 13,013
Net realized gains (losses) on investments 496 168 1,038 467
Net change in unrealized gains (losses) of equity securities 1,229 3,871 735 (4,153)
Commission revenue 9,860 7,758 18,986 14,773
Policy fees 6,575 6,546 11,962 12,086
Other revenue 1,991 1,812 3,896 4,594
Total premiums earned and other revenues 279,181 252,704 541,938 487,979
OPERATING COSTS AND EXPENSES        
Losses and loss adjustment expenses 167,221 151,345 311,184 286,393
General and administrative expenses 81,901 73,921 164,344 146,564
Total operating costs and expenses 249,122 225,266 475,528 432,957
INCOME BEFORE INCOME TAXES 30,059 27,438 66,410 55,022
Income tax expense 8,118 7,556 18,061 15,073
NET INCOME $ 21,941 $ 19,882 $ 48,349 $ 39,949
Basic earnings per common share (in USD per share) $ 0.70 $ 0.62 $ 1.55 $ 1.23
Weighted average common shares outstanding - Basic (in shares) 31,240 32,102 31,224 32,347
Diluted earnings per common share (in USD per share) $ 0.70 $ 0.62 $ 1.54 $ 1.23
Weighted average common shares outstanding - Diluted (in shares) 31,310 32,170 31,292 32,440
Cash dividend declared per common share (in USD per share) $ 0.16 $ 0.16 $ 0.32 $ 0.32