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Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net premiums earned $ 291,468 $ 253,389 $ 843,430 $ 722,984
Net investment income 21,270 17,844 57,625 50,929
Net realized gains 573,170 1,829 591,562 52,442
Net unrealized gains (losses) on equity securities (26,414) (2,592) (155,218) 29,526
Consolidated revenue 859,494 270,470 1,337,399 855,881
Losses and settlement expenses 165,089 143,656 388,527 355,574
Policy acquisition costs 96,977 80,449 271,879 232,674
Insurance operating expenses 20,606 15,560 58,794 54,504
Interest expense on debt 2,013 1,906 6,034 5,711
General corporate expenses 2,755 2,505 8,553 9,533
Total expenses 287,440 244,076 733,787 657,996
Equity in earnings (loss) of unconsolidated investees (17,352) 9,043 3,061 29,407
Earnings (loss) before income taxes 554,702 35,437 606,673 227,292
Income tax expense 114,809 6,194 121,096 43,222
Net earnings (loss) 439,893 29,243 485,577 184,070
Other comprehensive earnings (loss), net of tax (81,248) (12,240) (294,392) (41,810)
Comprehensive earnings $ 358,645 $ 17,003 $ 191,185 $ 142,260
Basic net earnings per share $ 9.69 $ 0.65 $ 10.71 $ 4.07
Diluted net earnings per share $ 9.61 $ 0.64 $ 10.61 $ 4.03
Weighted average number of common shares outstanding:        
Basic 45,379 45,243 45,347 45,216
Diluted 45,775 45,689 45,775 45,714