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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Net premiums earned—insurance $ 281,185 $ 258,431 $ 843,863 [1] $ 752,325
Services revenue 42,509 36,566 114,565 106,558
Net investment income 42,756 38,995 130,364 110,424
Net gains (losses) on investments and other financial instruments 13,009 (4,480) 47,462 (30,771)
Other income 879 1,174 2,677 2,997
Total revenues 380,338 330,686 1,138,931 941,533
Expenses:        
Provision for losses 29,231 20,881 97,412 77,501
Policy acquisition costs 6,435 5,667 18,531 18,780
Cost of services 29,044 25,854 81,046 73,185
Other operating expenses 76,384 70,125 225,235 203,552
Restructuring and other exit costs 0 4,464 0 5,940
Interest expense 13,492 15,535 44,150 45,906
Loss on extinguishment of debt 5,940 0 22,738 0
Amortization and impairment of other acquired intangible assets 2,139 3,472 6,465 8,968
Total expenses 162,665 145,998 495,577 433,832
Consolidated pretax income (loss) 217,673 184,688 643,354 507,701
Income tax provision 44,235 41,891 132,229 41,469
Net income $ 173,438 $ 142,797 $ 511,125 $ 466,232
Earnings Per Share, Basic [Abstract]        
Basic net income (loss) per share $ 0.85 $ 0.67 $ 2.45 $ 2.17
Earnings Per Share, Diluted [Abstract]        
Diluted net income (loss) per share $ 0.83 $ 0.66 $ 2.39 $ 2.13
Weighted-average number of common shares outstanding—basic 203,107 213,309 208,561 214,499
Weighted-average number of common and common equivalent shares outstanding—diluted 208,691 217,902 213,963 218,783
[1]
Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies. See Note 3 for further information.