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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Premiums written:      
Direct $ 1,123,117 $ 1,106,632 $ 1,124,196
Assumed 8,924 10,837 6,446
Ceded (163,031) (188,727) (129,334)
Net premiums written 969,010 928,742 1,001,308
Decrease (increase) in unearned premiums 45,409 93,201 29,680
Net Amount 1,014,419 1,021,943 1,030,988
Investment income, net of expenses 156,438 154,396 167,045
Net realized investment gains (losses) 6,582 13,752 5,306
Other revenue 8,236 9,055 10,638
Total revenues 1,185,675 1,199,146 1,213,977
Losses and expenses:      
Losses incurred, net 64,577 364,774 118,575
Amortization of deferred policy acquisition costs 12,602 12,380 12,001
Other underwriting and operating expenses, net 198,445 176,398 182,768
Loss on debt extinguishment 36,914 26,736 0
Interest expense 71,360 59,595 52,656
Total losses and expenses 383,898 639,883 366,000
Income before tax 801,777 559,263 847,977
Provision for income taxes 166,794 113,170 174,214
Net income $ 634,983 $ 446,093 $ 673,763
Earnings per share:      
Basic (in dollars per share) $ 1.90 $ 1.31 $ 1.91
Diluted (in dollars per share) $ 1.85 $ 1.29 $ 1.85
Weighted average common shares outstanding - basic (in shares) 334,330 339,953 352,827
Weighted average common shares outstanding - diluted (in shares) 351,308 359,293 373,924