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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
PREMIUMS EARNED AND OTHER REVENUES      
Direct premiums written $ 1,671,252 $ 1,517,479 $ 1,292,721
Change in unearned premium (74,634) (121,856) (59,600)
Direct premium earned 1,596,618 1,395,623 1,233,121
Ceded premium earned (561,155) (472,060) (390,619)
Premiums earned, net 1,035,463 923,563 842,502
Net investment income 12,535 20,393 30,743
Net realized gains (losses) on investments 5,892 63,352 (12,715)
Net change in unrealized gains (losses) of equity securities (4,032) 25 23,188
Commission revenue 41,649 33,163 26,101
Policy fees 22,713 23,773 21,560
Other revenue 7,631 8,501 7,972
Total premiums earned and other revenues 1,121,851 1,072,770 939,351
OPERATING COSTS AND EXPENSES      
Losses and loss adjustment expenses 779,205 758,810 603,406
General and administrative expenses 314,233 289,729 272,428
Total operating costs and expenses 1,093,438 1,048,539 875,834
INCOME BEFORE INCOME TAXES 28,413 24,231 63,517
Income tax expense 8,006 5,126 17,003
Net Income (Loss) Attributable to Parent, Total $ 20,407 $ 19,105 $ 46,514
Basic earnings per common share (in dollars per share) $ 0.65 $ 0.60 $ 1.37
Weighted average common shares outstanding - Basic (in shares) 31,218 31,884 33,893
Diluted earnings per common share (in dollars per share) $ 0.65 $ 0.60 $ 1.36
Weighted average common shares outstanding - Diluted (in shares) 31,307 31,972 34,233
Cash dividend declared per common share (in dollars per share) $ 0.77 $ 0.77 $ 0.77