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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Net premiums earned $ 1,080,231 $ 942,150 $ 2,131,175 $ 1,844,486
Net investment income earned 108,642 97,696 216,491 189,202
Net realized and unrealized investment gains (losses) 1,297 (5,426) (338) (2,082)
Other income 5,835 6,104 13,636 8,738
Total revenues 1,196,005 1,040,524 2,360,964 2,040,344
Expenses:        
Loss and loss expense incurred 925,548 646,130 1,629,840 1,213,568
Amortization of deferred policy acquisition costs 226,426 194,793 445,861 384,554
Other insurance expenses 107,773 108,857 223,760 217,445
Interest expense 7,202 7,258 14,383 14,424
Corporate expenses 9,154 9,329 24,652 21,437
Total expenses 1,276,103 966,367 2,338,496 1,851,428
Income (loss) before federal income tax (80,098) 74,157 22,468 188,916
Federal income tax expense (benefit):        
Current (17,622) 17,366 3,791 42,871
Deferred 843 (1,817) (522) (5,137)
Total federal income tax expense (benefit) (16,779) 15,549 3,269 37,734
Net income (loss) (63,319) 58,608 19,199 151,182
Preferred stock dividends 2,300 2,300 4,600 4,600
Net income (loss) available to common stockholders $ (65,619) $ 56,308 $ 14,599 $ 146,582
Earnings per common share:        
Net income (loss) available to common stockholders - Basic (in dollars per share) $ (1.08) $ 0.93 $ 0.24 $ 2.42
Net income (loss) available to common stockholders - Diluted (in dollars per share) $ (1.08) $ 0.92 $ 0.24 $ 2.41