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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
Revenues:      
Net premiums earned—insurance $ 1,014,007 $ 932,773 $ 921,769
Services revenue 144,972 155,103 168,894
Net investment income 152,475 127,248 113,466
Net gains (losses) on investments and other financial instruments (42,476) 3,621 30,751
Other income 4,028 2,886 3,572
Total revenues 1,273,006 1,221,631 1,238,452
Expenses:      
Provision for losses 104,641 135,154 202,788
Policy acquisition costs 25,265 24,277 23,480
Cost of services 98,124 104,599 114,174
Other operating expenses 280,818 267,321 244,896
Restructuring and other exit costs (Note 1) 6,053 17,268 0
Interest expense 61,490 62,761 81,132
Loss on induced conversion and debt extinguishment (Note 12) 0 51,469 75,075
Impairment of goodwill (Note 7) 0 184,374 0
Amortization and impairment of other acquired intangible assets 12,429 27,671 13,221
Total expenses 588,820 874,894 754,766
Pretax income 684,186 346,737 483,686
Income tax provision 78,175 225,649 175,433
Net income $ 606,011 $ 121,088 $ 308,253
Earnings Per Share, Basic:      
Net income (loss), per basic share $ 2.83 $ 0.56 $ 1.46
Earnings Per Share, Diluted:      
Net income (loss) per diluted share $ 2.77 [1] $ 0.55 [1] $ 1.37
Weighted-average number of common shares outstanding—basic 214,267 215,321 211,789
Weighted-average number of common and common equivalent shares outstanding—diluted 218,553 220,406 229,258
[1] Diluted net income per share is computed independently for each period presented. Consequently, the sum of the quarters may not equal the total net income per share for the year.