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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Net premiums earned $ 811,898 $ 888,776 $ 1,734,471 $ 1,759,021
Net investment income 34,166 35,032 68,661 69,206
Net realized investment gains (losses) 158,426 53,329 (92,894) 164,403
Other 1,353 2,350 3,915 4,600
Total revenues 1,005,843 979,487 1,714,153 1,997,230
Expenses:        
Losses and loss adjustment expenses 495,300 656,577 1,146,970 1,286,993
Policy acquisition costs 149,706 148,629 306,240 297,042
Other operating expenses 71,103 68,420 147,660 135,909
Interest 4,268 4,266 8,523 8,522
Total expenses 720,377 877,892 1,609,393 1,728,466
Income before income taxes 285,466 101,595 104,760 268,764
Income tax expense 57,255 18,345 15,753 49,647
Net income $ 228,211 $ 83,250 $ 89,007 $ 219,117
Net income per share:        
Basic (in dollars per share) $ 4.12 $ 1.50 $ 1.61 $ 3.96
Diluted (in dollars per share) $ 4.12 $ 1.50 $ 1.61 $ 3.96
Weighted average shares outstanding:        
Basic (in shares) 55,358 55,353 55,358 55,347
Diluted (in shares) 55,358 55,363 55,358 55,356