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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
PREMIUMS EARNED AND OTHER REVENUES        
Direct premiums written $ 432,984 $ 409,418 $ 1,271,925 $ 1,148,656
Change in unearned premium (22,363) (52,210) (93,124) (127,858)
Direct premium earned 410,621 357,208 1,178,801 1,020,798
Ceded premium earned (145,967) (123,017) (414,670) (339,408)
Premiums earned, net 264,654 234,191 764,131 681,390
Net investment income 2,797 4,557 8,641 17,570
Net realized gains (losses) on investments 4,319 53,827 5,357 54,294
Net change in unrealized gains (losses) of equity securities (3,759) 1,991 (3,024) (2,162)
Commission revenue 11,418 8,997 30,404 23,770
Policy fees 5,859 6,167 17,821 18,253
Other revenue 1,966 1,935 5,862 6,529
Total premiums earned and other revenues 287,254 311,665 829,192 799,644
OPERATING COSTS AND EXPENSES        
Losses and loss adjustment expenses 187,581 238,477 498,765 524,870
General and administrative expenses 73,209 76,980 237,553 223,544
Total operating costs and expenses 260,790 315,457 736,318 748,414
INCOME BEFORE INCOME (LOSS) TAXES 26,464 (3,792) 92,874 51,230
Income tax expense (benefit) 6,281 (623) 24,342 14,450
NET INCOME (LOSS) $ 20,183 $ (3,169) $ 68,532 $ 36,780
Basic earnings (loss) per common share (in USD per share) $ 0.65 $ (0.10) $ 2.19 $ 1.14
Weighted average common shares outstanding - Basic (in shares) 31,247 31,659 31,232 32,116
Diluted earnings (loss) per common share (in USD per share) $ 0.64 $ (0.10) $ 2.19 $ 1.14
Weighted average common shares outstanding - Diluted (in shares) 31,337 31,659 31,302 32,202
Cash dividend declared per common share (in USD per share) $ 0.16 $ 0.16 $ 0.48 $ 0.48