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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Net premiums earned (Note 8) $ 233,238 $ 254,190
Services revenue (Note 4) 10,984 29,348
Net investment income 59,221 38,196
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(5,505) and $(323)) (Note 6) 5,585 (29,457)
Other income 1,592 703
Total revenues 310,620 292,980
Expenses    
Provision for losses (16,929) (83,754)
Policy acquisition costs 6,293 6,605
Cost of services 10,398 24,753
Other operating expenses 83,269 89,541
Interest expense 22,207 20,846
Amortization of other acquired intangible assets 1,371 849
Total expenses 106,609 58,840
Pretax income 204,011 234,140
Income tax provision 46,254 53,009
Net income $ 157,757 $ 181,131
Net income per share    
Basic net income per share (in usd per share) $ 1.00 $ 1.02
Diluted net income per share (in usd per share) $ 0.98 $ 1.01
Weighted-average number of common shares outstanding—basic (in shares) 158,304 176,816
Weighted-average number of common and common equivalent shares outstanding—diluted (in shares) 161,349 179,079