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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Net earned premiums $ 189,931 $ 194,395 $ 565,352 $ 581,542
Net investment income 11,112 11,112 33,337 32,418
Earnings from partnership investments 876 5,720 9,675 12,625
Net realized gains on investments 1,251 2,226 8,613 8,507
Change in net unrealized (losses) gains on equity securities (14,364) (3,447) (56,283) 11,414
Credit loss (expense) benefit (207) (49) (207) 325
Finance and other service income 3,749 3,751 10,469 11,660
Total revenue 192,348 213,708 570,956 658,491
Expenses        
Losses and loss adjustment expenses 124,069 119,129 359,950 340,785
Underwriting, operating and related expenses 60,373 63,291 182,839 193,404
Interest expense 132 131 392 390
Total expenses 184,574 182,551 543,181 534,579
Income before income taxes 7,774 31,157 27,775 123,912
Income tax expense 1,582 6,337 5,844 25,251
Net income $ 6,192 $ 24,820 $ 21,931 $ 98,661
Earnings per weighted average common share:        
Basic (in dollars per share) $ 0.42 $ 1.65 $ 1.49 $ 6.63
Diluted (in dollars per share) 0.42 1.64 1.48 6.58
Cash dividends paid per common share (in dollars per share) $ 0.90 $ 0.90 $ 2.70 $ 2.70
Number of shares used in computing earnings per share:        
Basic (in shares) 14,599,136 14,982,405 14,608,591 14,826,515
Diluted (in shares) 14,711,737 15,080,029 14,713,552 14,922,870