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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Net premiums earned (Note 8) $ 236,679 $ 235,857
Services revenue (Note 4) 12,116 12,588
Net investment income (Note 6) 68,574 69,221
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(1,434) and $(3,682)) (Note 6) (723) 490
Income (loss) on consolidated VIEs (Note 7) 428 0
Other income 1,040 1,262
Total revenues 318,114 319,418
Expenses    
Provision for losses 15,167 (7,034)
Policy acquisition costs 6,388 6,794
Cost of services 8,771 9,327
Other operating expenses 76,849 82,636
Interest expense (Note 12) 22,499 29,046
Total expenses 129,674 120,769
Pretax income 188,440 198,649
Income tax provision 43,882 46,295
Net income $ 144,558 $ 152,354
Net income per share    
Basic (in usd per share) $ 0.99 $ 0.99
Diluted (in usd per share) $ 0.98 $ 0.98
Weighted average number of common shares outstanding—basic (in shares) 145,618 153,817
Weighted average number of common and common equivalent shares outstanding—diluted (in shares) 147,727 155,971