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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Net premiums earned (Note 8) $ 253,892 $ 254,756 $ 508,082 $ 526,628
Services revenue (Note 4) 27,281 29,464 56,629 52,359
Net investment income 46,957 36,291 85,153 74,542
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(3,992), $4,266, $(4,315) and $4,084) (Note 6) (41,869) 15,661 (71,326) 10,480
Other income 572 822 1,275 1,798
Total revenues 286,833 336,994 579,813 665,807
Expenses        
Provision for losses (113,922) 3,648 (197,676) 49,791
Policy acquisition costs 5,940 4,838 12,545 13,834
Cost of services 22,760 24,615 47,513 44,861
Other operating expenses 90,495 86,469 180,036 156,731
Interest expense 20,831 21,065 41,677 42,180
Amortization of other acquired intangible assets 849 863 1,698 1,725
Total expenses 26,953 141,498 85,793 309,122
Pretax income 259,880 195,496 494,020 356,685
Income tax provision 58,687 40,290 111,696 75,871
Net income $ 201,193 $ 155,206 $ 382,324 $ 280,814
Net Income Per Share        
Basic net income per share (in usd per share) $ 1.16 $ 0.80 $ 2.18 $ 1.45
Diluted net income per share (in usd per share) $ 1.15 $ 0.80 $ 2.16 $ 1.44
Weighted-average number of common shares outstanding—basic (in shares) 173,705 193,436 175,491 193,692
Weighted-average number of common and common equivalent shares outstanding—diluted (in shares) 175,419 194,638 177,349 194,986