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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, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net premiums earned $ 379,065 $ 322,280 $ 739,741 $ 630,003
Net investment income 33,961 28,788 66,808 55,872
Net realized gains (losses) (192) 5,580 5,802 20,200
Net unrealized gains on equity securities 3,608 25,214 48,922 40,710
Consolidated revenue 416,442 381,862 861,273 746,785
Losses and settlement expenses 167,799 153,943 311,623 268,431
Policy acquisition costs 113,921 102,626 224,375 204,070
Insurance operating expenses 27,321 24,510 56,024 48,411
Interest expense on debt 1,604 2,047 3,222 4,055
General corporate expenses 4,140 4,219 9,150 8,433
Total expenses 314,785 287,345 604,394 533,400
Equity in earnings of unconsolidated investees 1,646 1,514 6,415 5,437
Earnings (loss) before income taxes 103,303 96,031 263,294 218,822
Income tax expense 21,311 18,379 53,402 42,359
Net earnings (loss) 81,992 77,652 209,892 176,463
Other comprehensive earnings (loss), net of tax (7,843) (19,721) (20,514) 17,986
Comprehensive earnings $ 74,149 $ 57,931 $ 189,378 $ 194,449
Basic net earnings per share $ 1.79 $ 1.70 $ 4.59 $ 3.87
Diluted net earnings per share $ 1.78 $ 1.69 $ 4.55 $ 3.83
Weighted average number of common shares outstanding:        
Basic 45,737 45,591 45,709 45,560
Diluted 46,179 46,044 46,169 46,045