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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Net earned premiums $ 187,088 $ 192,850
Net investment income 10,590 11,532
Earnings from partnership investments 2,832 4,291
Net realized gains on investments 4,210 2,875
Change in net unrealized gains on equity securities (13,034) 6,207
Credit loss (expense) benefit   181
Finance and other service income 3,317 3,972
Total revenue 195,003 221,908
Expenses    
Losses and loss adjustment expenses 123,166 111,495
Underwriting, operating and related expenses 61,594 65,024
Interest expense 129 129
Total expenses 184,889 176,648
Income before income taxes 10,114 45,260
Income tax expense 2,276 9,086
Net income $ 7,838 $ 36,174
Earnings per weighted average common share:    
Basic (in dollars per share) $ 0.53 $ 2.44
Diluted (in dollars per share) 0.53 2.42
Cash dividends paid per common share (in dollars per share) $ 0.90 $ 0.90
Number of shares used in computing earnings per share:    
Basic (in shares) 14,627,898 14,790,125
Diluted (in shares) 14,727,707 14,886,494