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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Net premiums earned (Note 8) $ 951,283 $ 919,578 $ 981,131
Services revenue (Note 4) 50,270 46,092 92,216
Net investment income (Note 6) 292,693 258,430 195,658
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(10,510), $(10,733) and $(8,306)) (Note 6) (10,114) 10,241 (80,733)
Income (loss) on consolidated VIEs (Note 7) (2) 0 0
Other income 6,153 6,247 2,454
Total revenues 1,290,283 1,240,588 1,190,726
Expenses      
Provision for losses (Note 11) (2,514) (42,526) (338,239)
Policy acquisition costs 27,316 24,578 23,918
Cost of services 38,271 38,491 82,358
Other operating expenses 347,906 347,578 381,148
Interest expense (Note 12) 108,014 89,695 84,454
Impairment of goodwill 0 9,802 0
Amortization of other acquired intangible assets 0 5,483 4,308
Total expenses 518,993 473,101 237,947
Pretax income 771,290 767,487 952,779
Income tax provision 166,850 164,368 209,845
Net Income (Loss) $ 604,440 $ 603,119 $ 742,934
Net income per share      
Basic (in usd per share) $ 3.96 $ 3.81 $ 4.42
Diluted (in usd per share) $ 3.92 $ 3.77 $ 4.35
Weighted average number of common shares outstanding-basic (in shares) 152,465 158,140 167,930
Weighted average number of common and common equivalent shares outstanding-diluted (in shares) 154,191 160,133 170,664