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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Data [Abstract]  
Summary Of Quarterly Financial Data
The following table presents summarized quarterly financial data for 2019 and 2018:
 
 
 
Quarter Ended
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(Amounts in thousands, except per share data)
2019
 
 
 
 
 
 
 
 
Net premiums earned
 
$
870,245

 
$
888,776

 
$
915,012

  
$
925,384

Change in fair value of financial instruments pursuant to the fair value option
 
104,227

 
50,281

 
24,021

 
18,173

Income before income taxes
 
167,169

 
101,595

 
80,840

 
28,465

Net income
 
135,867

 
83,250

 
69,282

 
31,688

Basic earnings per share
 
2.46

 
1.50

 
1.25

 
0.57

Diluted earnings per share 
 
2.45

 
1.50

 
1.25

 
0.57

Dividends paid per share
 
0.6275

 
0.6275

 
0.6275

  
0.6300

 
 
 
 
 
 
 
 
 
2018
 
 
 
 
 

 
 
Net premiums earned
 
$
808,084

 
$
833,959

 
$
858,135

  
$
868,233

Change in fair value of financial instruments pursuant to the fair value option
 
(58,532
)
 
8,793

 
(12,907
)
 
(70,020
)
(Loss) income before income taxes
 
(59,699
)
 
73,246

 
70,286

 
(114,448
)
Net (loss) income
 
(42,607
)
 
60,180

 
58,578

 
(81,879
)
Basic (loss) earnings per share
 
(0.77
)
 
1.09

 
1.06

 
(1.48
)
Diluted (loss) earnings per share 
 
(0.77
)
 
1.09

 
1.06

 
(1.48
)
Dividends paid per share
 
0.6250

 
0.6250

 
0.6250

  
0.6275