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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUES        
Direct premiums written $ 531,988 $ 500,677 $ 1,489,216 $ 1,429,685
Change in unearned premium (57,677) (48,227) (96,213) (133,827)
Direct premium earned 474,311 452,450 1,393,003 1,295,858
Ceded premium earned (143,271) (161,819) (476,465) (459,102)
Premiums earned, net 331,040 290,631 916,538 836,756
Net investment income 12,755 6,074 34,735 15,337
Net realized gains (losses) on investments (431) 292 (337) (375)
Net change in unrealized gains (losses) of equity securities (1,285) (4,150) 1,403 (16,430)
Commission revenue 10,830 12,592 43,098 35,157
Policy fees 5,111 5,272 14,662 15,991
Other revenue 2,028 2,099 6,027 5,862
Total revenues 360,048 312,810 1,016,126 892,298
OPERATING COSTS AND EXPENSES        
Losses and loss adjustment expenses 287,972 330,444 717,853 715,854
General and administrative expenses 78,322 73,973 230,924 231,561
Total operating costs and expenses 366,294 404,417 948,777 947,415
Interest and amortization of debt issuance costs 1,631 1,630 4,896 4,969
INCOME (LOSS) BEFORE INCOME TAXES (7,877) (93,237) 62,453 (60,086)
Income tax expense (benefit) (1,962) (20,962) 15,629 (12,718)
NET INCOME (LOSS) $ (5,915) $ (72,275) $ 46,824 $ (47,368)
Basic earnings (loss) per common share (in USD per share) $ (0.20) $ (2.36) $ 1.56 $ (1.54)
Weighted average common shares outstanding - Basic (in shares) 29,617 30,604 30,087 30,858
Diluted earnings (loss) per common share (in USD per share) $ (0.20) $ (2.36) $ 1.54 $ (1.54)
Weighted average common shares outstanding - Diluted (in shares) 29,617 30,604 30,378 30,858
Cash dividend declared per common share (in USD per share) $ 0.16 $ 0.16 $ 0.48 $ 0.48