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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Direct premiums written $ 1,921,833 $ 1,845,786 $ 1,671,252
Change in unearned premium (46,704) (86,085) (74,634)
Direct premium earned 1,875,129 1,759,701 1,596,618
Ceded premium earned (623,193) (631,075) (561,155)
Premiums earned, net 1,251,936 1,128,626 1,035,463
Net investment income 48,449 25,785 12,535
Net realized gains (losses) on investments (1,229) 348 5,892
Net change in unrealized gains (losses) on investments 12,046 (13,145) (4,032)
Commission revenue 54,058 53,168 41,649
Policy fees 18,881 20,182 22,713
Other revenue 7,441 7,694 7,631
Total revenues 1,391,582 1,222,658 1,121,851
OPERATING COSTS AND EXPENSES      
Losses and loss adjustment expenses 992,636 938,399 779,205
General and administrative expenses 304,066 304,897 313,595
Total operating costs and expenses 1,296,702 1,243,296 1,092,800
Interest and amortization of debt issuance costs 6,531 6,609 638
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 88,349 (27,247) 28,413
Income tax expense (benefit) 21,526 (4,990) 8,006
NET INCOME (LOSS) $ 66,823 $ (22,257) $ 20,407
Basic earnings (loss) per common share (in USD per share) $ 2.24 $ (0.72) $ 0.65
Weighted average common shares outstanding - Basic (in shares) 29,829 30,751 31,218
Diluted earnings (loss) per common share (in USD per share) $ 2.22 $ (0.72) $ 0.65
Weighted average common shares outstanding - Diluted (in shares) 30,147 30,751 31,307
Cash dividend declared per common share (in USD per share) $ 0.77 $ 0.77 $ 0.77