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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES    
Direct premiums written $ 446,179 $ 410,102
Change in unearned premium 35,893 45,266
Direct premium earned 482,072 455,368
Ceded premium earned (148,047) (173,144)
Premiums earned, net 334,025 282,224
Net investment income 13,523 10,698
Net realized gains (losses) on investments (77) (788)
Net change in unrealized gains (losses) on investments 3,106 957
Commission revenue 11,033 17,282
Policy fees 4,405 4,167
Other revenue 1,944 1,968
Total revenues 367,959 316,508
OPERATING COSTS AND EXPENSES    
Losses and loss adjustment expenses 240,187 206,154
General and administrative expenses 78,666 75,927
Total operating costs and expenses 318,853 282,081
Interest and amortization of debt issuance costs 1,622 1,636
INCOME (LOSS) BEFORE INCOME TAXES 47,484 32,791
Income tax expense (benefit) 13,827 8,618
NET INCOME (LOSS) $ 33,657 $ 24,173
Basic earnings (loss) per common share (in USD per share) $ 1.17 $ 0.80
Weighted average common shares outstanding - Basic (in shares) 28,869 30,382
Diluted earnings (loss) per common share (in USD per share) $ 1.14 $ 0.79
Weighted average common shares outstanding - Diluted (in shares) 29,404 30,626
Cash dividend declared per common share (in USD per share) $ 0.16 $ 0.16