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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES    
Direct premiums written $ 410,102 $ 396,481
Change in unearned premium 45,266 18,122
Direct premium earned 455,368 414,603
Ceded premium earned (173,144) (145,539)
Premiums earned, net 282,224 269,064
Net investment income 10,698 4,042
Net realized gains (losses) on investments (788) 58
Net change in unrealized gains (losses) of equity securities 957 (3,396)
Commission revenue 17,282 11,161
Policy fees 4,167 4,779
Other revenue 1,968 1,774
Total revenues 316,508 287,482
OPERATING COSTS AND EXPENSES    
Losses and loss adjustment expenses 206,154 185,106
General and administrative expenses 75,927 78,297
Total operating costs and expenses 282,081 263,403
Interest and amortization of debt issuance costs 1,636 1,608
INCOME (LOSS) BEFORE INCOME TAXES 32,791 22,471
Income tax expense (benefit) 8,618 4,934
NET INCOME (LOSS) $ 24,173 $ 17,537
Basic earnings (loss) per common share (in USD per share) $ 0.80 $ 0.56
Weighted average common shares outstanding - Basic (in shares) 30,382 31,147
Diluted earnings (loss) per common share (in USD per share) $ 0.79 $ 0.56
Weighted average common shares outstanding - Diluted (in shares) 30,626 31,227
Cash dividend declared per common share (in USD per share) $ 0.16 $ 0.16