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Consolidated Statements of Operations (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Net earned premiums $ 2,444.6 $ 2,343.0 $ 4,821.1 $ 4,608.5
Fees and other income 375.2 295.7 760.9 578.4
Net investment income 124.7 112.9 251.4 218.1
Net realized losses on investments (including $3.8, $3.1, $11.8 and $5.6 of impairment-related losses for the three and six months ended June 30, 2024 and 2023, respectively) and fair value changes to equity securities (19.6) (20.0) (28.4) (30.6)
Total revenues 2,924.9 2,731.6 5,805.0 5,374.4
Benefits, losses and expenses        
Policyholder benefits 696.1 632.5 1,319.2 1,278.1
Underwriting, selling, general and administrative expenses 1,969.2 1,867.6 3,906.5 3,690.8
Interest expense 26.7 27.2 53.5 54.2
Gain on extinguishment of debt 0.0 0.0 0.0 (0.1)
Total benefits, losses and expenses 2,692.0 2,527.3 5,279.2 5,023.0
Income before income tax expense 232.9 204.3 525.8 351.4
Income tax expense 44.2 48.0 100.7 81.5
Net income $ 188.7 $ 156.3 $ 425.1 $ 269.9
Earnings Per Common Share        
Basic (in dollars per share) $ 3.59 $ 2.91 $ 8.09 $ 5.03
Diluted (in dollars per share) $ 3.58 $ 2.90 $ 8.05 $ 5.01
Share Data        
Weighted average common shares outstanding used in basic per common share calculations (in shares) 52,500,727 53,745,611 52,516,296 53,619,711
Plus: Dilutive securities (in shares) 217,009 144,071 298,660 223,324
Weighted average common shares outstanding used in diluted per common share calculations (in shares) 52,717,736 53,889,682 52,814,956 53,843,035