Segment Information - Summary of Operating Results by Segment (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Segment Reporting Information [Line Items] | ||||
Net premiums earned | $ 1,366,738 | $ 1,236,024 | $ 2,649,808 | $ 2,402,703 |
Total incurred losses and loss adjustment expenses | 2,160,850 | 1,840,679 | ||
Policy acquisition costs | 227,880 | 203,682 | 456,601 | 399,722 |
Other operating expenses | 96,025 | 81,702 | 175,478 | 158,790 |
Net investment income | 78,759 | 68,970 | 160,238 | 133,989 |
Net realized investment gains | 23,480 | 2,899 | 46,801 | 41,090 |
Other income (loss) | 8,908 | (2,899) | 14,916 | 1,298 |
Interest expense | (7,195) | (7,799) | (14,383) | (15,572) |
Income before income taxes | 206,748 | 75,097 | 64,451 | 164,317 |
Net income | 166,472 | 62,568 | 58,145 | 136,030 |
Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Net premiums earned | 1,366,700 | 1,236,000 | 2,649,800 | 2,402,700 |
Losses | 797,200 | 800,800 | 1,866,600 | 1,586,600 |
Loss adjustment expenses | 142,800 | 135,900 | 294,300 | 254,100 |
Total incurred losses and loss adjustment expenses | 940,000 | 936,700 | 2,160,900 | 1,840,700 |
Policy acquisition costs | 227,900 | 203,700 | 456,600 | 399,700 |
Other operating expenses | 96,000 | 81,700 | 175,500 | 158,800 |
Underwriting gain (loss) | 102,800 | 13,900 | (143,200) | 3,500 |
Net investment income | 78,800 | 69,000 | 160,200 | 134,000 |
Net realized investment gains | 23,500 | 2,900 | 46,800 | 41,100 |
Other income (loss) | 8,800 | (2,900) | 15,000 | 1,300 |
Interest expense | (7,200) | (7,800) | (14,300) | (15,600) |
Income before income taxes | 206,700 | 75,100 | 64,500 | 164,300 |
Net income | 166,500 | 62,600 | 58,100 | 136,000 |
Property & Casualty | ||||
Segment Reporting Information [Line Items] | ||||
Net premiums earned | 1,359,342 | 1,228,696 | 2,635,100 | 2,388,065 |
Property & Casualty | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Net premiums earned | 1,359,300 | 1,228,700 | 2,635,100 | 2,388,100 |
Losses | 793,300 | 796,900 | 1,859,000 | 1,579,100 |
Loss adjustment expenses | 142,300 | 135,500 | 293,300 | 253,300 |
Total incurred losses and loss adjustment expenses | 935,600 | 932,400 | 2,152,300 | 1,832,400 |
Policy acquisition costs | 225,000 | 200,800 | 450,800 | 393,900 |
Other operating expenses | 95,200 | 81,200 | 174,100 | 157,400 |
Underwriting gain (loss) | 103,500 | 14,300 | (142,100) | 4,400 |
Other | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Net premiums earned | 7,400 | 7,300 | 14,700 | 14,600 |
Losses | 3,900 | 3,900 | 7,600 | 7,500 |
Loss adjustment expenses | 500 | 400 | 1,000 | 800 |
Total incurred losses and loss adjustment expenses | 4,400 | 4,300 | 8,600 | 8,300 |
Policy acquisition costs | 2,900 | 2,900 | 5,800 | 5,800 |
Other operating expenses | 800 | 500 | 1,400 | 1,400 |
Underwriting gain (loss) | $ (700) | $ (400) | $ (1,100) | $ (900) |
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- Definition Claims Adjustment Expense, Incurred Claims No definition available.
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- Definition Liability For Unpaid Claims, Incurred Claims No definition available.
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- Definition Amount of amortization expense (reversal of expense) for deferred policy acquisition costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after effects of reinsurance, of expense (reversal of expense) for claims incurred and costs incurred in the claim settlement process. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of realized gain (loss) on investment. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The difference between the price paid by the public and the contract price less the related expenses. A broker-dealer may underwrite a security offering by contracting to buy the issue either at a fixed price or a price based on selling the offering on a best-effort basis. No definition available.
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