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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Net premiums earned $ 1,090,311 $ 996,939 $ 3,129,483 $ 2,947,000
Net investment income 60,965 44,563 171,287 118,469
Net realized investment losses (90,001) (144,213) (60,772) (581,237)
Other 3,917 2,998 15,000 7,141
Total revenues 1,065,192 900,287 3,254,998 2,491,373
Expenses:        
Losses and loss adjustment expenses 823,742 787,462 2,651,081 2,436,175
Policy acquisition costs 181,569 168,870 518,813 487,444
Other operating expenses 69,192 68,585 207,223 208,305
Interest 5,918 4,273 16,398 12,822
Total expenses 1,080,421 1,029,190 3,393,515 3,144,746
Loss before income taxes (15,229) (128,903) (138,517) (653,373)
Income tax benefit (7,002) (30,600) (43,459) (147,471)
Net loss $ (8,227) $ (98,303) $ (95,058) $ (505,902)
Net loss per share:        
Basic (in dollars per share) $ (0.15) $ (1.78) $ (1.72) $ (9.14)
Diluted (in dollars per share) $ (0.15) $ (1.78) $ (1.72) $ (9.14)
Weighted average shares outstanding:        
Basic (in shares) 55,371 55,371 55,371 55,371
Diluted (in shares) 55,371 55,371 55,371 55,371