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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Premiums written:      
Direct $ 1,107,923,000 $ 1,074,490,000 $ 999,943,000
Assumed 1,053,000 1,178,000 1,653,000
Ceded (133,885,000) (55,391,000) (119,634,000)
Net premiums written 975,091,000 1,020,277,000 881,962,000
Increase in unearned premiums (49,865,000) (124,055,000) (37,591,000)
Net premiums earned 925,226,000 896,222,000 844,371,000
Investment income, net of expenses 110,666,000 103,741,000 87,647,000
Net realized investment gains (losses):      
Total other-than-temporary impairment losses 0 0 (144,000)
Portion of losses recognized in other comprehensive income (loss), before taxes 0 0 0
Net impairment losses recognized in earnings 0 0 (144,000)
Other realized investment gains 8,932,000 28,361,000 1,501,000
Net realized investment gains 8,932,000 28,361,000 1,357,000
Other revenue 17,659,000 12,964,000 9,259,000
Total revenues 1,062,483,000 1,041,288,000 942,634,000
Losses and expenses:      
Losses incurred, net 240,157,000 343,547,000 496,077,000
Change in premium deficiency reserve 0 (23,751,000) (24,710,000)
Amortization of deferred policy acquisition costs 9,646,000 8,789,000 7,618,000
Other underwriting and operating expenses, net 150,763,000 155,577,000 138,441,000
Interest expense 56,672,000 68,932,000 69,648,000
Loss on debt extinguishment 90,531,000 507,000 837,000
Total losses and expenses 547,769,000 553,601,000 687,911,000
Income before tax 514,714,000 487,687,000 254,723,000
Provision for (benefit from) income taxes 172,197,000 (684,313,000) 2,774,000
Net income $ 342,517,000 $ 1,172,000,000 $ 251,949,000
Earnings per share:      
Basic (in dollars per share) $ 1.00 $ 3.45 $ 0.74
Diluted (in dollars per share) $ 0.86 $ 2.60 $ 0.64
Weighted average common shares outstanding - basic (in shares) 342,890 339,552 338,523
Weighted average common shares outstanding - diluted (in shares) 431,992 468,039 413,522
Dividends per share (in dollars per share) $ 0 $ 0 $ 0