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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Net premiums written $ 760,845 $ 685,287 $ 570,186
Decrease (increase) in unearned premiums 16,580 (35,795) (40,056)
Net premiums earned 777,425 649,492 530,130
Net investment income 83,542 64,091 40,226
Realized investment gains, net 3,229 1,318 2,015
Other income 3,371 4,452 4,140
Total revenues 867,567 719,353 576,511
Losses and expenses:      
Provision for losses and LAE 32,986 11,575 27,232
Other underwriting and operating expenses 165,369 150,900 145,533
Interest expense 10,151 10,179 5,178
Total losses and expenses 208,506 172,654 177,943
Income before income taxes 659,061 546,699 398,568
Income tax expense 103,348 79,336 18,821
Net income $ 555,713 $ 467,363 $ 379,747
Earnings per share:      
Basic (in dollars per share) $ 5.68 $ 4.80 $ 4.07
Diluted (in dollars per share) $ 5.66 $ 4.77 $ 3.99
Weighted average shares outstanding:      
Basic (in shares) 97,762 97,403 93,330
Diluted (in shares) 98,227 97,974 95,211
Net income $ 555,713 $ 467,363 $ 379,747
Other comprehensive income (loss):      
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $17,497 in 2019, ($5,686) in 2018 and $4,519 in 2017 85,180 (25,741) 8,068
Total other comprehensive income (loss) 85,180 (25,741) 8,068
Comprehensive income $ 640,893 $ 441,622 $ 387,815