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Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Net premiums earned $ 1,526,406 $ 1,294,306 $ 1,144,436
Net investment income 142,278 120,383 86,078
Net realized gains 19,966 32,518 588,515
Net unrealized gains (losses) on equity securities 81,734 64,787 (121,037)
Consolidated revenue 1,770,384 1,511,994 1,697,992
Losses and settlement expenses 739,253 604,413 514,376
Policy acquisition costs 464,040 418,325 369,632
Insurance operating expenses 112,460 98,383 82,212
Interest expense on debt 6,331 7,301 8,047
General corporate expenses 15,880 15,917 12,900
Total expenses 1,337,964 1,144,339 987,167
Equity in earnings of unconsolidated investees (4,869) 9,610 9,853
Earnings before income taxes 427,551 377,265 720,678
Income tax expense (benefit):      
Current 71,720 64,944 186,906
Deferred 10,052 7,710 (49,639)
Income tax expense 81,772 72,654 137,267
Net income (loss) 345,779 304,611 583,411
Other comprehensive earnings (loss), net of tax (7,420) 62,773 (278,902)
Comprehensive earnings $ 338,359 $ 367,384 $ 304,509
Basic net earnings per share $ 3.78 $ 3.34 $ 6.43
Diluted net earnings per share $ 3.74 $ 3.31 $ 6.37
Weighted average number of common shares outstanding:      
Basic 91,529 91,191 90,735
Diluted 92,451 92,155 91,589