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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues                      
Net premiums earned (Note 8)                 $ 941,865 $ 939,237 $ 909,363
Net investment income (Note 7)                 248,764 264,814 252,093
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(3,890), $(7,821) and $(10,735)) (Note 7)                 (24) (4,347) 9,405
Other income                 6,479 6,595 6,441
Total revenues $ 300,512 $ 303,186 $ 298,551 $ 294,835 $ 292,669 $ 313,380 $ 298,580 $ 301,670 1,197,084 1,206,299 1,177,302
Expenses                      
Provision for losses                 66,768 (2,248) (42,136)
Policy acquisition costs                 25,039 27,316 24,578
Other operating expenses                 245,759 247,618 244,793
Interest expense (Note 12)                 68,290 88,006 86,188
Total expenses                 405,856 360,692 313,423
Pretax income from continuing operations                 791,228 845,607 863,879
Income tax provision                 173,049 185,292 188,019
Net income from continuing operations 158,802 152,802 154,485 152,090 163,755 166,555 163,903 166,102 618,179 660,315 675,860
Income (loss) from discontinued operations, net of tax (3,959) (11,359) (12,689) (7,532) (15,464) (14,663) (12,000) (13,748) (35,539) (55,875) (72,741)
Net income $ 154,843 $ 141,443 $ 141,796 $ 144,558 $ 148,291 $ 151,892 $ 151,903 $ 152,354 $ 582,640 $ 604,440 $ 603,119
Net income per share                      
Net income from continuing operations, Basic $ 1.16 [1] $ 1.12 [1] $ 1.12 [1] $ 1.04 [1] $ 1.09 [1] $ 1.1 [1] $ 1.07 [1] $ 1.08 [1] $ 4.43 [1] $ 4.33 [1] $ 4.27
Income (loss) from discontinued operations, net of tax, Basic (0.03) [1] (0.08) [1] (0.09) [1] (0.05) [1] (0.1) [1] (0.1) [1] (0.08) [1] (0.09) [1] (0.25) [1] (0.37) [1] (0.46)
Basic net income per share 1.13 [1] 1.04 [1] 1.03 [1] 0.99 [1] 0.99 [1] 1 [1] 0.99 [1] 0.99 [1] 4.18 [1] 3.96 [1] 3.81
Net income from continuing operations, Diluted 1.15 [1] 1.11 [1] 1.11 [1] 1.03 [1] 1.08 [1] 1.09 [1] 1.06 [1] 1.07 [1] 4.39 [1] 4.28 [1] 4.22
Income (loss) from discontinued operations, net of tax, Diluted (0.03) [1] (0.08) [1] (0.09) [1] (0.05) [1] (0.1) [1] (0.1) [1] (0.08) [1] (0.09) [1] (0.25) [1] (0.36) [1] (0.45)
Diluted net income per share $ 1.12 [1] $ 1.03 [1] $ 1.02 [1] $ 0.98 [1] $ 0.98 [1] $ 0.99 [1] $ 0.98 [1] $ 0.98 [1] $ 4.14 [1] $ 3.92 [1] $ 3.77
Weighted average number of common shares outstanding-basic (in shares) 137,032 [1] 137,003 [1] 137,376 [1] 145,618 [1] 150,302 [1] 151,846 [1] 153,110 [1] 153,817 [1] 139,445 [1] 152,465 [1] 158,140
Weighted average number of common and common equivalent shares outstanding-diluted (in shares) 138,250 [1] 137,926 [1] 138,360 [1] 147,727 [1] 151,912 [1] 153,073 [1] 154,399 [1] 155,971 [1] 140,811 [1] 154,191 [1] 160,133
[1] Net income per share is computed independently for each period presented. Consequently, the sum of the quarters may not equal the total net income per share for the year. For all diluted net income per shares calculations, the determination of whether potential common shares are dilutive or anti-dilutive is based on net income.