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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
PREMIUMS EARNED AND OTHER REVENUES    
Direct premiums written $ 396,481 $ 365,314
Change in unearned premium 18,122 10,292
Direct premium earned 414,603 375,606
Ceded premium earned (145,539) (132,301)
Premiums earned, net 269,064 243,305
Net investment income 4,042 2,986
Net realized gains (losses) on investments 58 542
Net change in unrealized gains (losses) of equity securities (3,396) (494)
Commission revenue 11,161 9,126
Policy fees 4,779 5,387
Other revenue 1,774 1,905
Total premiums earned and other revenues 287,482 262,757
OPERATING COSTS AND EXPENSES    
Losses and loss adjustment expenses 185,106 143,963
General and administrative expenses 78,297 82,423
Total operating costs and expenses 263,403 226,386
Interest and amortization of debt issuance costs 1,608 20
INCOME (LOSS) BEFORE INCOME TAXES 22,471 36,351
Income tax expense (benefit) 4,934 9,943
NET INCOME (LOSS) $ 17,537 $ 26,408
Basic earnings (loss) per common share (in USD per share) $ 0.56 $ 0.85
Weighted average common shares outstanding - Basic (in shares) 31,147 31,208
Diluted earnings (loss) per common share (in USD per share) $ 0.56 $ 0.84
Weighted average common shares outstanding - Diluted (in shares) 31,227 31,277
Cash dividend declared per common share (in USD per share) $ 0.16 $ 0.16