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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Net premiums earned—insurance (Note 8) $ 1,145,349 $ 1,014,007 $ 932,773
Services revenue (Note 4) 154,596 144,972 155,103
Net investment income (Note 6) 171,796 152,475 127,248
Net gains (losses) on investments and other financial instruments 51,719 (42,476) 3,621
Other income 3,495 4,028 2,886
Total revenues 1,526,955 1,273,006 1,221,631
Expenses:      
Provision for losses 132,031 104,641 135,154
Policy acquisition costs 25,314 25,265 24,277
Cost of services 108,324 98,124 104,599
Other operating expenses 306,129 280,818 267,321
Restructuring and other exit costs 0 6,053 17,268
Interest expense 56,310 61,490 62,761
Loss on extinguishment of debt (Note 12) 22,738 0 51,469
Impairment of goodwill (Note 7) 4,828 0 184,374
Amortization and impairment of other acquired intangible assets 22,288 12,429 27,671
Total expenses 677,962 588,820 874,894
Pretax income 848,993 684,186 346,737
Income tax provision (Note 10) 176,684 78,175 225,649
Net income $ 672,309 $ 606,011 $ 121,088
Earnings Per Share, Basic:      
Net income (loss), per basic share $ 3.22 $ 2.83 $ 0.56
Earnings Per Share, Diluted:      
Net income (loss) per diluted share $ 3.20 [1] $ 2.77 [1] $ 0.55
Weighted-average number of common shares outstanding—basic 208,773 214,267 215,321
Weighted-average number of common and common equivalent shares outstanding—diluted 210,340 218,553 220,406
[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.