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Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net premiums earned $ 322,280 $ 282,810 $ 630,003 $ 551,962
Net investment income 28,788 18,472 55,872 36,355
Net realized gains 5,580 12,804 20,200 18,392
Net unrealized gains (losses) on equity securities 25,214 (100,994) 40,710 (128,804)
Consolidated revenue 381,862 213,092 746,785 477,905
Losses and settlement expenses 153,943 117,914 268,431 223,438
Policy acquisition costs 102,626 89,615 204,070 174,902
Insurance operating expenses 24,510 19,325 48,411 38,188
Interest expense on debt 2,047 2,011 4,055 4,021
General corporate expenses 4,219 2,435 8,433 5,798
Total expenses 287,345 231,300 533,400 446,347
Equity in earnings of unconsolidated investees 1,514 11,654 5,437 20,413
Earnings (loss) before income taxes 96,031 (6,554) 218,822 51,971
Income tax expense (benefit) 18,379 (4,315) 42,359 6,287
Net earnings (loss) 77,652 (2,239) 176,463 45,684
Other comprehensive earnings (loss), net of tax (19,721) (97,563) 17,986 (213,144)
Comprehensive earnings (loss) $ 57,931 $ (99,802) $ 194,449 $ (167,460)
Basic net earnings (loss) per share $ 1.70 $ (0.05) $ 3.87 $ 1.01
Diluted net earnings (loss) per share $ 1.69 $ (0.05) $ 3.83 $ 1.00
Weighted average number of common shares outstanding:        
Basic 45,591 45,354 45,560 45,330
Diluted 46,044 45,354 46,045 45,748