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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, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net premiums earned $ 389,489 $ 318,409 $ 1,129,230 $ 948,412
Net investment income 36,694 31,963 103,502 87,835
Net realized gains 5,420 6,558 11,222 26,758
Net unrealized gains (losses) on equity securities 38,392 (25,236) 87,314 15,474
Consolidated revenue 469,995 331,694 1,331,268 1,078,479
Losses and settlement expenses 202,118 189,558 513,741 457,989
Policy acquisition costs 117,811 103,013 342,186 307,083
Insurance operating expenses 28,868 21,591 84,892 70,002
Interest expense on debt 1,617 1,873 4,839 5,928
General corporate expenses 3,994 2,372 13,144 10,805
Total expenses 354,408 318,407 958,802 851,807
Equity in earnings of unconsolidated investees 1,238 1,732 7,653 7,169
Earnings (loss) before income taxes 116,825 15,019 380,119 233,841
Income tax expense 21,798 1,483 75,200 43,842
Net earnings (loss) 95,027 13,536 304,919 189,999
Other comprehensive earnings (loss), net of tax 80,293 (56,834) 59,779 (38,848)
Comprehensive earnings (loss) $ 175,320 $ (43,298) $ 364,698 $ 151,151
Basic net earnings per share $ 2.08 $ 0.30 $ 6.67 $ 4.17
Diluted net earnings per share $ 2.06 $ 0.29 $ 6.60 $ 4.12
Weighted average number of common shares outstanding:        
Basic 45,780 45,622 45,734 45,581
Diluted 46,220 46,065 46,185 46,067