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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Net premiums earned (Note 8) $ 981,131 $ 1,037,183 $ 1,115,321
Services revenue (Note 4) 92,216 125,825 105,385
Net investment income (Note 6) 195,658 147,909 154,037
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(8,278), $20,842 and $35,826) (Note 6) (80,733) 15,603 60,277
Other income 2,454 3,412 3,597
Total revenues 1,190,726 1,329,932 1,438,617
Expenses      
Provision for losses (338,239) 20,877 485,117
Policy acquisition costs 23,918 29,029 30,989
Cost of services 82,358 103,714 86,066
Other operating expenses 381,148 323,686 280,710
Interest expense 84,454 84,344 71,150
Amortization of other acquired intangible assets 4,308 3,450 5,144
Total expenses 237,947 565,100 959,176
Pretax income 952,779 764,832 479,441
Income tax provision (Note 10) 209,845 164,161 85,815
Net income $ 742,934 $ 600,671 $ 393,626
Net income per share      
Net income per share, basic (in usd per share) $ 4.42 $ 3.19 $ 2.01
Net income per share, diluted (in usd per share) $ 4.35 $ 3.16 $ 2.00
Weighted-average number of common shares outstanding—basic (in shares) 167,930 188,370 195,443
Weighted-average number of common and common equivalent shares outstanding—diluted (in shares) 170,664 190,263 196,642