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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Premiums written:    
Direct $ 270,034 $ 265,823
Assumed 92 1,288
Ceded (33,220) (30,409)
Net premiums written 236,906 236,702
Increase in unearned premiums, net (4,799) (7,599)
Net premiums earned 232,107 229,103
Investment income, net of expenses 32,121 29,477
Net realized investment losses (329) (125)
Other revenue 1,871 2,425
Total revenues 265,770 260,880
Losses and expenses:    
Losses incurred, net 23,850 27,619
Amortization of deferred policy acquisition costs 2,572 2,230
Other underwriting and operating expenses, net 46,090 40,765
Interest expense 13,233 16,309
Total losses and expenses 85,745 86,923
Income before tax 180,025 173,957
Provision for income taxes 36,388 84,159
Net income $ 143,637 $ 89,798
Earnings per share:    
Basic (in dollars per share) $ 0.39 $ 0.26
Diluted (in dollars per share) $ 0.38 $ 0.24
Weighted average common shares outstanding - basic (in shares) 370,908 341,009
Weighted average common shares outstanding - diluted (in shares) 391,562 402,175