XML 60 R44.htm IDEA: XBRL DOCUMENT v3.22.4
Summary of Significant Accounting Policies (Details)
$ / shares in Units, $ in Thousands
12 Months Ended
Dec. 31, 2022
USD ($)
segment
$ / shares
shares
Dec. 31, 2021
USD ($)
$ / shares
shares
Dec. 31, 2020
USD ($)
$ / shares
shares
Jan. 01, 2020
USD ($)
Investments        
Maximum period considered for applying equity method accounting based on financial information provided by the investee 3 months      
Accounts Receivable        
Premiums receivable, allowance for doubtful accounts $ 1,446 $ 1,808    
Deferred Policy Acquisition Costs        
Amortization expense $ 146,013 146,573 $ 146,955  
Intangible Assets        
Amortization period 10 years      
Intangible assets amortization expense $ 44      
Expected annual amortization expense $ 786      
Revenue Recognition        
Term over which premiums are earned 1 year      
Deferred revenue $ 12,858 10,630    
Advertising Costs        
Advertising costs 2,399 2,232 2,311  
Earnings per Weighted Average Common Share        
Net income from continuing operations 46,561 130,710 138,211  
Allocation for participating shares (205) 575 636  
Net income from continuing operations attributed to common shareholders $ 46,356 $ 131,285 $ 138,847  
Total weighted average common shares outstanding, including participating shares | shares 14,672,234 14,894,532 15,071,955  
Less: weighted average participating shares | shares (64,751) (65,796) (69,200)  
Basic earnings per share denominator | shares 14,607,483 14,828,736 15,002,755  
Common equivalent shares- non-vested performance stock grants | shares 103,128 96,990 116,272  
Diluted earnings per share denominator | shares 14,710,611 14,925,726 15,119,027  
Basic earnings per share (in dollars per share) | $ / shares $ 3.17 $ 8.85 $ 9.25  
Diluted earnings per share (in dollars per share) | $ / shares $ 3.15 $ 8.80 $ 9.18  
Antidilutive common shares | shares 0 0 0  
Undistributed earnings attributable to common shareholders - basic        
Net income from continuing operations attributable to common shareholders -Basic | $ / shares $ 3.17 $ 8.85 $ 9.25  
Dividends declared | $ / shares (3.60) (3.60) (3.60)  
Undistributed earnings | $ / shares (0.43) 5.25 5.65  
Undistributed earnings attributable to common shareholders - diluted        
Net income from continuing operations attributable to common shareholders -Diluted | $ / shares 3.15 8.80 9.18  
Dividends declared | $ / shares (3.60) (3.60) (3.60)  
Undistributed earnings | $ / shares $ (0.45) $ 5.20 $ 5.58  
Recent Accounting Pronouncements        
Retained earnings $ 815,309 $ 821,743    
Fixed maturity securities, allowance for expected credit losses 678 691   $ 2,510
Operating lease liabilities $ 23,336 $ 27,115    
Segments        
Number of business segments | segment 1      
Minimum        
Equipment and Leasehold Improvements        
Estimated useful lives 3 years      
Maximum        
Equipment and Leasehold Improvements        
Estimated useful lives 10 years