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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES        
Direct premiums written $ 547,126 $ 532,527 $ 957,228 $ 929,008
Change in unearned premium (83,802) (103,722) (38,536) (85,600)
Direct premium earned 463,324 428,805 918,692 843,408
Ceded premium earned (160,050) (151,744) (333,194) (297,283)
Premiums earned, net 303,274 277,061 585,498 546,125
Net investment income 11,282 5,221 21,980 9,263
Net realized gains (losses) on investments 882 (725) 94 (667)
Net change in unrealized gains (losses) of equity securities 1,731 (8,884) 2,688 (12,280)
Commission revenue 14,986 11,404 32,268 22,565
Policy fees 5,384 5,940 9,551 10,719
Other revenue 2,031 1,989 3,999 3,763
Total revenues 339,570 292,006 656,078 579,488
OPERATING COSTS AND EXPENSES        
Reinsurance recoveries 223,727 200,304 429,881 385,410
General and administrative expenses 76,675 79,291 152,602 157,588
Total operating costs and expenses 300,402 279,595 582,483 542,998
Interest and amortization of debt issuance costs 1,629 1,731 3,265 3,339
INCOME (LOSS) BEFORE INCOME TAXES 37,539 10,680 70,330 33,151
Income tax expense (benefit) 8,973 3,310 17,591 8,244
NET INCOME (LOSS) $ 28,566 $ 7,370 $ 52,739 $ 24,907
Basic earnings (loss) per common share (in USD per share) $ 0.94 $ 0.24 $ 1.74 $ 0.80
Weighted average common shares outstanding - Basic (in shares) 30,265 30,829 30,323 30,987
Diluted earnings (loss) per common share (in USD per share) $ 0.93 $ 0.24 $ 1.72 $ 0.80
Weighted average common shares outstanding - Diluted (in shares) 30,659 30,883 30,633 31,060
Cash dividend declared per common share (in USD per share) $ 0.16 $ 0.16 $ 0.32 $ 0.32