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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Net premiums earned (Note 8) $ 240,222 $ 249,118 $ 748,304 $ 775,746
Services revenue (Note 4) 20,146 37,773 76,775 90,132
Net investment income 51,414 35,960 136,567 110,502
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(4,139), $14,246, $(8,454) and $18,330) (Note 6) (16,252) 2,098 (87,578) 12,578
Other income 659 809 1,934 2,607
Total revenues 296,189 325,758 876,002 991,565
Expenses        
Provision for losses (96,964) 17,305 (294,640) 67,096
Policy acquisition costs 5,442 7,924 17,987 21,758
Cost of services 18,717 30,520 66,230 75,381
Other operating expenses 91,327 86,479 271,363 243,210
Interest expense 21,183 21,027 62,860 63,207
Amortization of other acquired intangible assets 1,023 862 2,721 2,587
Total expenses 40,728 164,117 126,521 473,239
Pretax income 255,461 161,641 749,481 518,326
Income tax provision 57,181 35,229 168,877 111,100
Net income $ 198,280 $ 126,412 $ 580,604 $ 407,226
Net income per share        
Basic net income per share (in usd per share) $ 1.22 $ 0.68 $ 3.39 $ 2.13
Diluted net income per share (in usd per share) $ 1.20 $ 0.67 $ 3.34 $ 2.11
Weighted-average number of common shares outstanding—basic (in shares) 162,506 186,741 171,116 191,357
Weighted-average number of common and common equivalent shares outstanding—diluted (in shares) 164,738 188,042 173,618 192,902