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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Premiums written:    
Direct $ 274,793 $ 283,005
Assumed 2,031 2,131
Ceded (34,159) (43,637)
Net premiums written 242,665 241,499
Decrease in unearned premiums, net 12,575 13,546
Net premiums earned 255,240 255,045
Investment income, net of expenses 38,262 37,893
Net realized investment gains (losses) (1,505) 2,215
Other revenue 2,619 2,804
Total revenues 294,616 297,957
Losses and expenses:    
Losses incurred, net (19,314) 39,636
Amortization of deferred policy acquisition costs 2,740 2,696
Other underwriting and operating expenses, net 54,732 48,023
Loss on debt extinguishment 22,107 0
Interest expense 14,912 17,985
Total losses and expenses 75,177 108,340
Income before tax 219,439 189,617
Provision for income tax 44,426 39,596
Net income $ 175,013 $ 150,021
Earnings per share:    
Basic (in dollars per share) $ 0.55 $ 0.44
Diluted (in dollars per share) $ 0.54 $ 0.43
Weighted average common shares outstanding - basic (in shares) 315,975 338,904
Weighted average common shares outstanding - diluted (in shares) 324,538 356,383