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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Premiums written:      
Direct $ 1,103,332 $ 1,121,776 $ 1,107,923
Assumed 271 1,905 1,053
Ceded (111,341) (125,726) (133,885)
Net premiums written 992,262 997,955 975,091
Increase in unearned premiums (17,100) (63,208) (49,865)
Net premiums earned 975,162 934,747 925,226
Investment income, net of expenses 141,331 120,871 110,666
Net realized investment (losses) gains (1,353) 231 8,921
Other revenue 8,708 10,205 17,670
Total revenues 1,123,848 1,066,054 1,062,483
Losses and expenses:      
Losses incurred, net 36,562 53,709 240,157
Amortization of deferred policy acquisition costs 11,932 11,111 9,646
Other underwriting and operating expenses, net 178,211 159,638 150,763
Interest expense 52,993 57,035 56,672
Loss on debt extinguishment 0 65 90,531
Total losses and expenses 279,698 281,558 547,769
Income before tax 844,150 784,496 514,714
Provision for income taxes 174,053 428,735 172,197
Net income $ 670,097 $ 355,761 $ 342,517
Earnings per share:      
Basic (in dollars per share) $ 1.83 $ 0.98 $ 1.00
Diluted (in dollars per share) $ 1.78 $ 0.95 $ 0.86
Weighted average common shares outstanding - basic (in shares) 365,406 362,380 342,890
Weighted average common shares outstanding - diluted (in shares) 386,078 394,766 431,992