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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Net premiums earned $ 203,855 $ 208,149
Net investment income 20,830 22,818
Equity in earnings (loss) of unconsolidated subsidiaries (1,562) (810)
Net realized investment gains (losses):    
Impairment losses (1,817) (136)
Portion of impairment losses recognized in other comprehensive income (loss) before taxes 654 87
Net impairment losses recognized in earnings (1,163) (49)
Other net realized investment gains (losses) (27,510) 36,672
Total net realized investment gains (losses) (28,673) 36,623
Other income 2,251 2,095
Total revenues 196,701 268,875
Expenses    
Net losses and loss adjustment expenses 164,832 159,755
Underwriting, policy acquisition and operating expenses:    
Operating expense 34,773 33,290
DPAC amortization 27,283 28,102
SPC U.S. federal income tax expense 222 0
SPC dividend expense (income) (508) 4,787
Interest expense 4,129 4,330
Total expenses 230,731 230,264
Income (loss) before income taxes (34,030) 38,611
Provision for income taxes:    
Current expense (benefit) (1,852) 343
Deferred expense (benefit) (10,224) 6,618
Total income tax expense (benefit) (12,076) 6,961
Net income (loss) (21,954) 31,650
Other comprehensive income (loss), after tax, net of reclassification adjustments (41,865) 25,566
Comprehensive income (loss) $ (63,819) $ 57,216
Earnings (loss) per share    
Basic (in usd per share) $ (0.41) $ 0.59
Diluted (in usd per share) $ (0.41) $ 0.59
Weighted average number of common shares outstanding:    
Basic (in shares) 53,808 53,683
Diluted (in shares) 53,885 53,808
Cash dividends declared per common share (in usd per share) $ 0.31 $ 0.31