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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Net premiums written $ 238,540 $ 205,900
Decrease in unearned premiums 7,050 5,358
Net premiums earned 245,590 211,258
Net investment income 52,085 43,236
Realized investment losses, net (1,140) (488)
(Loss) income from other invested assets (1,915) (2,702)
Other income 3,737 4,942
Total revenues 298,357 256,246
Losses and expenses:    
Provision (benefit) for losses and LAE 9,913 (180)
Other underwriting and operating expenses 57,349 48,195
Premiums retained by agents 9,491 0
Interest expense 7,862 6,936
Total losses and expenses 84,615 54,951
Income before income taxes 213,742 201,295
Income tax expense 32,023 30,468
Net income $ 181,719 $ 170,827
Earnings per share:    
Basic (in dollars per share) $ 1.72 $ 1.60
Diluted (in dollars per share) $ 1.70 $ 1.59
Weighted average shares outstanding:    
Basic (in shares) 105,697 106,943
Diluted (in shares) 106,770 107,585
Net income $ 181,719 $ 170,827
Other comprehensive income loss:    
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of ($3,122) and $9,428 in the three months ended March 31, 2024 and 2023. (21,766) 58,753
Total other comprehensive income loss (21,766) 58,753
Comprehensive income $ 159,953 $ 229,580