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STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating revenue      
Operating revenue $ 2,477,298 $ 2,382,212 $ 1,691,774
Operating expenses      
Operating expenses 2,119,959 2,037,869 1,401,522
Operating income 357,339 344,343 290,252
Investment income      
Net investment income 33,399 30,209 24,639
Net realized investment gains (losses) 6,103 (2,010) 1,334
Net impairment losses recognized in earnings (195) (1,581)  
Net impairment losses recognized in earnings     (182)
Equity in earnings (losses) of limited partnerships 660 (822) 2,801
Total investment income 39,967 25,796 28,592
Interest expense, net 856 2,460 1,238
Other income (expense) 255 3,641 (1,911)
Income before income taxes 396,705 371,320 315,695
Income tax expense 79,884 83,096 118,696
Net income $ 316,821 $ 288,224 $ 196,999
Class A Common Stock      
Net income per share      
Common stock - basic (in dollars per share) $ 6.80 $ 6.19 $ 4.23
Common stock - diluted (in dollars per share) $ 6.06 $ 5.51 $ 3.76
Weighted average shares outstanding – Basic      
Common stock - basic (in shares) 46,188,836 46,188,637 46,186,831
Weighted average shares outstanding – Diluted      
Common stock - diluted (in shares) 52,319,860 52,315,213 52,337,463
Class B Common Stock      
Net income per share      
Common stock - basic (in dollars per share) $ 1,020 $ 928 $ 635
Common stock - diluted (in dollars per share) $ 1,020 $ 928 $ 634
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, net      
Operating revenue      
Operating revenue $ 1,810,457 $ 1,719,567 $ 1,662,625
Operating expenses      
Operating expenses 1,537,949 1,457,533 1,401,522
Management fee revenue - administrative services, net      
Operating revenue      
Operating revenue 57,204 53,632 0
Administrative services reimbursement revenue      
Operating revenue      
Operating revenue 582,010 580,336 0
Operating expenses      
Operating expenses 582,010 580,336 0
Service agreement revenue      
Operating revenue      
Operating revenue $ 27,627 $ 28,677 $ 29,149