XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Net premiums earned $ 899,304 $ 915,012 $ 2,633,775 $ 2,674,034
Net investment income 32,140 36,356 100,801 105,562
Net realized investment gains (losses) 64,436 33,324 (28,458) 197,726
Other 2,894 2,603 6,810 7,203
Total revenues 998,774 987,295 2,712,928 2,984,525
Expenses:        
Losses and loss adjustment expenses 618,657 680,928 1,765,627 1,967,921
Policy acquisition costs 157,365 150,929 463,604 447,971
Other operating expenses 71,859 70,341 219,519 206,250
Interest 4,262 4,257 12,786 12,779
Total expenses 852,143 906,455 2,461,536 2,634,921
Income before income taxes 146,631 80,840 251,392 349,604
Income tax expense 27,774 11,558 43,528 61,205
Net income $ 118,857 $ 69,282 $ 207,864 $ 288,399
Net income per share:        
Basic (in dollars per share) $ 2.15 $ 1.25 $ 3.75 $ 5.21
Diluted (in dollars per share) $ 2.15 $ 1.25 $ 3.75 $ 5.21
Weighted average shares outstanding:        
Basic (in shares) 55,358 55,355 55,358 55,349
Diluted (in shares) 55,358 55,366 55,358 55,360