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Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net premiums earned $ 1,614,346 $ 1,526,406 $ 1,294,306
Net investment income 159,739 142,278 120,383
Net realized gains 65,116 19,966 32,518
Net unrealized gains on equity securities 43,247 81,734 64,787
Consolidated revenue 1,882,448 1,770,384 1,511,994
Losses and settlement expenses 725,955 739,253 604,413
Policy acquisition costs 508,387 464,040 418,325
Insurance operating expenses 115,815 112,460 98,383
Interest expense on debt 5,358 6,331 7,301
General corporate expenses 17,028 15,880 15,917
Total expenses 1,372,543 1,337,964 1,144,339
Equity in earnings of unconsolidated investees (3,924) (4,869) 9,610
Earnings before income taxes 505,981 427,551 377,265
Income tax expense:      
Current 90,017 71,720 64,944
Deferred 12,627 10,052 7,710
Income tax expense 102,644 81,772 72,654
Net earnings 403,337 345,779 304,611
Other comprehensive earnings (loss), net of tax 85,649 (7,420) 62,773
Comprehensive earnings $ 488,986 $ 338,359 $ 367,384
Basic net earnings per share $ 4.39 $ 3.78 $ 3.34
Diluted net earnings per share $ 4.37 $ 3.74 $ 3.31
Weighted average number of common shares outstanding:      
Basic 91,829 91,529 91,191
Diluted 92,391 92,451 92,155