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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Net premiums earned (Note 8) $ 237,731 $ 213,429 $ 473,588 $ 446,667
Services revenue (Note 4) 13,265 11,797 25,853 22,781
Net investment income (Note 6) 73,766 63,348 142,987 121,801
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(3,019), $(3,355), $(6,701) and $(8,861)) (Note 6) (4,487) (236) (3,997) 5,349
Other income 872 1,241 2,134 2,833
Total revenues 321,147 289,579 640,565 599,431
Expenses        
Provision for losses (Note 11) (1,745) (21,632) (8,779) (38,561)
Policy acquisition costs 6,522 5,218 13,316 11,511
Cost of services 9,535 10,257 18,862 20,655
Other operating expenses 91,648 89,885 174,284 173,154
Interest expense (Note 12) 27,064 21,805 56,110 43,244
Amortization of other acquired intangible assets 0 1,370 0 2,741
Total expenses 133,024 106,903 253,793 212,744
Pretax income 188,123 182,676 386,772 386,687
Income tax provision 36,220 36,589 82,515 82,843
Net income $ 151,903 $ 146,087 $ 304,257 $ 303,844
Net income per share        
Basic (in usd per share) $ 0.99 $ 0.92 $ 1.98 $ 1.91
Diluted (in usd per share) $ 0.98 $ 0.91 $ 1.96 $ 1.89
Weighted average number of common shares outstanding—basic (in shares) 153,110 159,010 153,879 159,250
Weighted average number of common and common equivalent shares outstanding—diluted (in shares) 154,399 160,744 155,271 161,129