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Condensed Consolidated Statements of Operations (Unaudited) - 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 (Note 8) $ 240,262 $ 240,222 $ 686,929 $ 748,304
Services revenue (Note 4) 10,892 20,146 33,673 76,775
Net investment income 68,825 51,414 192,228 136,567
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(2,874), $(4,139), $(11,730) and $(8,454)) (Note 6) (8,555) (16,252) (3,206) (87,578)
Other income 2,109 659 4,942 1,934
Total revenues 313,533 296,189 914,566 876,002
Expenses        
Provision for losses (8,135) (96,964) (46,696) (294,640)
Policy acquisition costs 6,920 5,442 18,431 17,987
Cost of services 8,886 18,717 29,541 66,230
Other operating expenses 79,206 91,327 252,360 271,363
Interest expense 24,302 21,183 69,148 62,860
Amortization of other acquired intangible assets 1,371 1,023 4,112 2,721
Total expenses 112,550 40,728 326,896 126,521
Pretax income 200,983 255,461 587,670 749,481
Income tax provision 44,401 57,181 127,244 168,877
Net income $ 156,582 $ 198,280 $ 460,426 $ 580,604
Net income per share        
Basic net income per share (in usd per share) $ 0.99 $ 1.22 $ 2.90 $ 3.39
Diluted net income per share (in usd per share) $ 0.98 $ 1.20 $ 2.86 $ 3.34
Weighted average number of common shares outstanding—basic (in shares) 158,461 162,506 158,992 171,116
Weighted average number of common and common equivalent shares outstanding—diluted (in shares) 160,147 164,738 160,869 173,618