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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
Direct premiums written $ 1,845,786 $ 1,671,252 $ 1,517,479
Change in unearned premium (86,085) (74,634) (121,856)
Direct premium earned 1,759,701 1,596,618 1,395,623
Ceded premium earned (631,075) (561,155) (472,060)
Premiums earned, net 1,128,626 1,035,463 923,563
Net investment income 25,785 12,535 20,393
Net realized gains (losses) on investments 348 5,892 63,352
Net change in unrealized gains (losses) of equity securities (13,145) (4,032) 25
Commission revenue 53,168 41,649 33,163
Policy fees 20,182 22,713 23,773
Other revenue 7,694 7,631 8,501
Total revenues 1,222,658 1,121,851 1,072,770
OPERATING COSTS AND EXPENSES      
Losses and loss adjustment expenses 938,399 779,205 758,810
General and administrative expenses 304,897 313,595 289,634
Total operating costs and expenses 1,243,296 1,092,800 1,048,444
Interest and amortization of debt issuance costs 6,609 638 95
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) (27,247) 28,413 24,231
Income tax expense (benefit) (4,990) 8,006 5,126
NET INCOME (LOSS) $ (22,257) $ 20,407 $ 19,105
Basic earnings (loss) per common share (in USD per share) $ (0.72) $ 0.65 $ 0.60
Weighted average common shares outstanding - Basic (in shares) 30,751 31,218 31,884
Diluted earnings (loss) per common share (in USD per share) $ (0.72) $ 0.65 $ 0.60
Weighted average common shares outstanding - Diluted (in shares) 30,751 31,307 31,972
Cash dividend declared per common share (in USD per share) $ 0.77 $ 0.77 $ 0.77