v3.26.1
Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Net premiums earned $ 1,215,508 $ 1,188,057 $ 2,432,704 $ 2,346,814
Net investment income earned 150,167 127,968 292,550 248,659
Net realized and unrealized investment gains (losses) 11,971 4,172 3,670 4,401
Other income 9,389 6,548 17,036 12,057
Total revenues 1,387,035 1,326,745 2,745,960 2,611,931
Expenses:        
Loss and loss expense incurred 816,266 823,898 1,631,770 1,570,223
Amortization of deferred policy acquisition costs 248,050 250,307 501,460 497,741
Other insurance expenses 136,192 122,823 270,876 247,693
Interest expense 13,215 13,256 26,436 22,829
Corporate expenses 10,467 7,556 28,371 25,654
Total expenses 1,224,190 1,217,840 2,458,913 2,364,140
Income (loss) before income tax 162,845 108,905 287,047 247,791
Income tax expense (benefit):        
Current 37,047 20,501 67,469 54,094
Deferred (3,587) 2,461 (7,483) (2,142)
Total income tax expense (benefit) 33,460 22,962 59,986 51,952
Net income (loss) 129,385 85,943 227,061 195,839
Preferred stock dividends 2,300 2,300 4,600 4,600
Net income (loss) available to common stockholders, basic 127,085 83,643 222,461 191,239
Net income (loss) available to common stockholders, diluted $ 127,085 $ 83,643 $ 222,461 $ 191,239
Earnings per common share:        
Net income (loss) available to common stockholders - Basic (in dollars per share) $ 2.13 $ 1.37 $ 3.72 $ 3.14
Net income (loss) available to common stockholders - Diluted (in dollars per share) $ 2.11 $ 1.36 $ 3.69 $ 3.12