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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Net premiums written $ 834,113 $ 760,845 $ 685,287
Decrease (increase) in unearned premiums 28,451 16,580 (35,795)
Net premiums earned 862,564 777,425 649,492
Net investment income 80,087 83,542 64,091
Realized investment gains, net 2,697 3,229 1,318
Other income 9,806 3,371 4,452
Total revenues 955,154 867,567 719,353
Losses and expenses:      
Provision for losses and LAE 301,293 32,986 11,575
Other underwriting and operating expenses 154,691 165,369 150,900
Interest expense 9,074 10,151 10,179
Total losses and expenses 465,058 208,506 172,654
Income before income taxes 490,096 659,061 546,699
Income tax expense 77,055 103,348 79,336
Net income $ 413,041 $ 555,713 $ 467,363
Earnings per share:      
Basic (in dollars per share) $ 3.89 $ 5.68 $ 4.80
Diluted (in dollars per share) $ 3.88 $ 5.66 $ 4.77
Weighted average shares outstanding:      
Basic (in shares) 106,098 97,762 97,403
Diluted (in shares) 106,376 98,227 97,974
Net income $ 413,041 $ 555,713 $ 467,363
Other comprehensive income (loss):      
Change in unrealized appreciation (depreciation) of investments, net of tax expense (benefit) of $16,836 in 2020, $17,497 in 2019 and $(5,686) in 2018 82,087 85,180 (25,741)
Total other comprehensive income (loss) 82,087 85,180 (25,741)
Comprehensive income $ 495,128 $ 640,893 $ 441,622