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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Net premiums earned $ 987,512 $ 926,820 $ 1,950,062 $ 1,842,741
Net investment income 38,555 30,953 73,906 63,232
Net realized investment (losses) gains (241,938) 58,805 (437,024) 100,496
Other 1,496 2,197 4,142 5,402
Total revenues 785,625 1,018,775 1,591,086 2,011,871
Expenses:        
Losses and loss adjustment expenses 826,779 657,228 1,648,713 1,283,572
Policy acquisition costs 156,482 150,984 318,574 315,414
Other operating expenses 69,430 70,927 139,720 136,485
Interest 4,274 4,235 8,548 8,577
Total expenses 1,056,965 883,374 2,115,555 1,744,048
(Loss) income before income taxes (271,340) 135,401 (524,469) 267,823
Income tax (benefit) expense (60,659) 26,220 (116,870) 51,647
Net (loss) income $ (210,681) $ 109,181 $ (407,599) $ 216,176
Net (loss) income per share:        
Basic (in dollars per share) $ (3.80) $ 1.97 $ (7.36) $ 3.90
Diluted (in dollars per share) $ (3.80) $ 1.97 $ (7.36) $ 3.90
Weighted average shares outstanding:        
Basic (in shares) 55,371 55,371 55,371 55,366
Diluted (in shares) 55,371 55,376 55,371 55,375