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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, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net premiums earned $ 318,409 $ 291,468 $ 948,412 $ 843,430
Net investment income 31,963 21,270 87,835 57,625
Net realized gains 6,558 573,170 26,758 591,562
Net unrealized gains (losses) on equity securities (25,236) (26,414) 15,474 (155,218)
Consolidated revenue 331,694 859,494 1,078,479 1,337,399
Losses and settlement expenses 189,558 165,089 457,989 388,527
Policy acquisition costs 103,013 96,977 307,083 271,879
Insurance operating expenses 21,591 20,606 70,002 58,794
Interest expense on debt 1,873 2,013 5,928 6,034
General corporate expenses 2,372 2,755 10,805 8,553
Total expenses 318,407 287,440 851,807 733,787
Equity in earnings (loss) of unconsolidated investees 1,732 (17,352) 7,169 3,061
Earnings before income taxes 15,019 554,702 233,841 606,673
Income tax expense 1,483 114,809 43,842 121,096
Net earnings 13,536 439,893 189,999 485,577
Other comprehensive earnings (loss), net of tax (56,834) (81,248) (38,848) (294,392)
Comprehensive earnings (loss) $ (43,298) $ 358,645 $ 151,151 $ 191,185
Basic net earnings per share $ 0.30 $ 9.69 $ 4.17 $ 10.71
Diluted net earnings per share $ 0.29 $ 9.61 $ 4.12 $ 10.61
Weighted average number of common shares outstanding:        
Basic 45,622 45,379 45,581 45,347
Diluted 46,065 45,775 46,067 45,775