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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Net premiums earned (Note 8) $ 1,037,183 $ 1,115,321 $ 1,145,349
Services revenue (Note 4) 125,825 105,385 154,596
Net investment income (Note 6) 147,909 154,037 171,796
Net gains on investments and other financial instruments (includes net realized gains on investments of $20,842, $35,826 and $10,843) 15,603 60,277 51,719
Other income 3,412 3,597 3,495
Total revenues 1,329,932 1,438,617 1,526,955
Expenses      
Provision for losses 20,877 485,117 132,031
Policy acquisition costs 29,029 30,989 25,314
Cost of services 103,714 86,066 108,324
Other operating expenses 323,686 280,710 306,129
Interest expense 84,344 71,150 56,310
Loss on extinguishment of debt (Note 12) 0 0 22,738
Impairment of goodwill (Note 7) 0 0 4,828
Amortization and impairment of other acquired intangible assets 3,450 5,144 22,288
Total expenses 565,100 959,176 677,962
Pretax income 764,832 479,441 848,993
Income tax provision (Note 10) 164,161 85,815 176,684
Net income $ 600,671 $ 393,626 $ 672,309
Net Income Per Share      
Net income per share, basic (in usd per share) $ 3.19 $ 2.01 $ 3.22
Net income per share, diluted (in usd per share) $ 3.16 $ 2.00 $ 3.20
Weighted-average number of common shares outstanding—basic (in shares) 188,370 195,443 208,773
Weighted-average number of common and common equivalent shares outstanding—diluted (in shares) 190,263 196,642 210,340