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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Net earned premiums $ 774,328 $ 771,078 $ 788,777
Net investment income 44,135 41,045 46,665
Earnings from partnership investments 19,829 6,901 1,937
Net realized gains on investments 14,885 957 2,976
Change in unrealized gains on equity securities 16,130 10,449 21,454
Net impairment losses on investments (a)     (889)
Credit loss benefit (expense) 363 (1,054)  
Finance and other service income 15,241 16,872 16,833
Total revenue 884,911 846,248 877,753
Expenses      
Losses and loss adjustment expenses 461,727 404,556 509,846
Underwriting, operating and related expenses 258,392 266,482 244,136
Interest expense 522 440 90
Total expenses 720,641 671,478 754,072
Income before income taxes 164,270 174,770 123,681
Income tax expense 33,560 36,559 24,080
Net income $ 130,710 $ 138,211 $ 99,601
Earnings per weighted average common share:      
Basic (in dollars per share) $ 8.85 $ 9.25 $ 6.52
Diluted (in dollars per share) 8.80 9.18 6.46
Cash dividends paid per common share (in dollars per share) $ 3.60 $ 3.60 $ 3.40
Number of shares used in computing earnings per share:      
Basic (in shares) 14,828,736 15,002,755 15,201,132
Diluted (in shares) 14,925,726 15,119,027 15,337,807