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STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating revenue      
Operating revenue $ 2,382,212 $ 1,691,774 $ 1,596,631
Operating expenses      
Operating expenses 2,037,869 1,401,522 1,303,114
Operating income 344,343 290,252 293,517
Investment income      
Net investment income 30,209 24,639 20,558
Net realized investment (losses) gains (2,010) 1,334 672
Net impairment losses recognized in earnings (1,581) (182) (416)
Equity in (losses) earnings of limited partnerships (822) 2,801 7,025
Total investment income 25,796 28,592 27,839
Interest expense, net 2,460 1,238 101
Other income (expense) 3,641 (1,911) (1,164)
Income before income taxes 371,320 315,695 320,091
Income tax expense 83,096 118,696 109,725
Net income $ 288,224 $ 196,999 $ 210,366
Class A Common Stock      
Net income per share      
Common stock - basic (in dollars per share) $ 6.19 $ 4.23 $ 4.52
Common stock - diluted (in dollars per share) $ 5.51 $ 3.76 $ 4.01
Weighted average shares outstanding – Basic      
Common stock - basic (in shares) 46,188,637 46,186,831 46,188,952
Weighted average shares outstanding – Diluted      
Common stock - diluted (in shares) 52,315,213 52,337,463 52,435,303
Class B Common Stock      
Net income per share      
Common stock - basic (in dollars per share) $ 928 $ 635 $ 678
Common stock - diluted (in dollars per share) $ 928 $ 634 $ 677
Weighted average shares outstanding – Basic      
Common stock - basic (in shares) 2,542 2,542 2,542
Weighted average shares outstanding – Diluted      
Common stock - diluted (in shares) 2,542 2,542 2,542
Management fee revenue, policy issuance and renewal services      
Operating revenue      
Operating revenue $ 1,719,567 $ 1,662,625 $ 1,567,431
Operating expenses      
Operating expenses 1,457,533 1,401,522 1,303,114
Management fee revenue, administrative services      
Operating revenue      
Operating revenue 53,632    
Administrative services reimbursements      
Operating revenue      
Operating revenue 580,336    
Operating expenses      
Operating expenses 580,336    
Service agreement revenue      
Operating revenue      
Operating revenue $ 28,677 $ 29,149 $ 29,200