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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Net premiums earned (Note 8) $ 1,115,321 $ 1,145,349 $ 1,014,007
Services revenue (Note 4) 105,385 154,596 144,972
Net investment income (Note 6) 154,037 171,796 152,475
Net gains (losses) on investments and other financial instruments 60,277 51,719 (42,476)
Other income 3,597 3,495 4,028
Total revenues 1,438,617 1,526,955 1,273,006
Expenses:      
Provision for losses 485,117 132,031 104,641
Policy acquisition costs 30,989 25,314 25,265
Cost of services 86,066 108,324 98,124
Other operating expenses 280,710 306,129 280,818
Restructuring and other exit costs 0 0 6,053
Interest expense 71,150 56,310 61,490
Loss on extinguishment of debt (Note 12) 0 22,738 0
Impairment of goodwill (Note 7) 0 4,828 0
Amortization and impairment of other acquired intangible assets 5,144 22,288 12,429
Total expenses 959,176 677,962 588,820
Pretax income 479,441 848,993 684,186
Income tax provision (Note 10) 85,815 176,684 78,175
Net income $ 393,626 $ 672,309 $ 606,011
Earnings Per Share, Basic:      
Net income (loss), per basic share $ 2.01 $ 3.22 $ 2.83
Earnings Per Share, Diluted:      
Net income (loss) per diluted share $ 2.00 $ 3.20 $ 2.77
Weighted-average number of common shares outstanding—basic 195,443 208,773 214,267
Weighted-average number of common and common equivalent shares outstanding—diluted 196,642 210,340 218,553