XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Net premiums earned (Note 8) $ 254,190 $ 271,872
Services revenue (Note 4) 29,348 22,895
Net investment income 38,196 38,251
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(323) and $(182)) (29,457) (5,181)
Other income 703 976
Total revenues 292,980 328,813
Expenses    
Provision for losses (83,754) 46,143
Policy acquisition costs 6,605 8,996
Cost of services 24,753 20,246
Other operating expenses 89,541 70,262
Interest expense 20,846 21,115
Amortization of other acquired intangible assets 849 862
Total expenses 58,840 167,624
Pretax income 234,140 161,189
Income tax provision 53,009 35,581
Net income $ 181,131 $ 125,608
Net Income Per Share    
Basic net income per share (in usd per share) $ 1.02 $ 0.65
Diluted net income per share (in usd per share) $ 1.01 $ 0.64
Weighted-average number of common shares outstanding—basic (in shares) 176,816 193,439
Weighted-average number of common and common equivalent shares outstanding—diluted (in shares) 179,079 195,203