Segment Information - Schedule of Segments Pre and After Tax Income, Significant Expenses and Reconciliations (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| Total segment revenues |
$ 1,387,035
|
$ 1,326,745
|
$ 2,745,960
|
$ 2,611,931
|
| (Favorable)/unfavorable prior year casualty reserve development |
|
|
(27,219)
|
34,648
|
| Current year casualty loss costs |
|
|
1,658,989
|
1,535,575
|
| Net |
816,266
|
823,898
|
1,631,770
|
1,570,223
|
| Net income (loss) |
162,845
|
108,905
|
287,047
|
247,791
|
| Income tax (expense) benefit |
(33,460)
|
(22,962)
|
(59,986)
|
(51,952)
|
| Net income (loss) |
129,385
|
85,943
|
227,061
|
195,839
|
| Interest expense |
(13,215)
|
(13,256)
|
(26,436)
|
(22,829)
|
| Corporate expenses |
(10,467)
|
(7,556)
|
(28,371)
|
(25,654)
|
| 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
|
| Casualty lines |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| (Favorable)/unfavorable prior year casualty reserve development |
|
|
|
50,000
|
| Insurance Operations |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| Net |
816,266
|
823,898
|
1,631,770
|
1,570,223
|
| Dividends to policyholders |
490
|
1,151
|
1,190
|
2,134
|
| Standard Commercial Lines |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| Net |
652,249
|
666,766
|
1,309,083
|
1,248,432
|
| Dividends to policyholders |
490
|
1,151
|
1,190
|
2,134
|
| Standard Personal Lines |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| Net |
69,004
|
69,977
|
138,303
|
146,646
|
| E&S Lines |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| Net |
95,013
|
87,155
|
184,384
|
175,145
|
| Operating Segments |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| Total segment revenues |
1,377,646
|
1,320,197
|
2,728,924
|
2,599,874
|
| Net catastrophe losses |
68,539
|
79,932
|
143,889
|
123,289
|
| Non-catastrophe property loss and loss expense |
170,498
|
173,239
|
348,557
|
351,935
|
| Net |
816,266
|
823,898
|
1,631,770
|
1,570,223
|
| Commissions to distribution partners |
212,954
|
213,697
|
429,409
|
423,926
|
| Salaries and employee benefits |
101,373
|
94,970
|
202,807
|
191,005
|
| Other segment expenses |
60,036
|
56,764
|
121,894
|
116,312
|
| Total net underwriting expenses incurred |
374,363
|
365,431
|
754,110
|
731,243
|
| Dividends to policyholders |
490
|
1,151
|
1,190
|
2,134
|
| Net income (loss) |
186,527
|
129,717
|
341,854
|
296,274
|
| Income tax (expense) benefit |
(38,597)
|
(26,914)
|
(70,633)
|
(61,616)
|
| Net income (loss) |
147,930
|
102,803
|
271,221
|
234,658
|
| Operating Segments | Casualty lines |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| (Favorable)/unfavorable prior year casualty reserve development |
0
|
45,000
|
0
|
50,000
|
| Current year casualty loss costs |
577,229
|
525,727
|
1,139,324
|
1,044,999
|
| Operating Segments | Insurance Operations |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| Total segment revenues |
1,215,508
|
1,188,057
|
2,432,704
|
2,346,814
|
| Net catastrophe losses |
68,539
|
79,932
|
143,889
|
123,289
|
| Non-catastrophe property loss and loss expense |
170,498
|
173,239
|
348,557
|
351,935
|
| Net |
816,266
|
823,898
|
1,631,770
|
1,570,223
|
| Commissions to distribution partners |
212,954
|
213,697
|
429,409
|
423,926
|
| Salaries and employee benefits |
101,373
|
94,970
|
202,807
|
191,005
|
| Other segment expenses |
60,036
|
56,764
|
121,894
|
116,312
|
| Total net underwriting expenses incurred |
374,363
|
365,431
|
754,110
|
731,243
|
| Dividends to policyholders |
490
|
1,151
|
1,190
|
2,134
|
| Net income (loss) |
24,389
|
(2,423)
|
45,634
|
43,214
|
| Income tax (expense) benefit |
(5,122)
|
509
|
(9,583)
|
(9,075)
|
| Net income (loss) |
19,267
|
(1,914)
|
36,051
|
34,139
|
| Operating Segments | Insurance Operations | Casualty lines |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| (Favorable)/unfavorable prior year casualty reserve development |
0
|
45,000
|
0
|
50,000
|
| Current year casualty loss costs |
577,229
|
525,727
|
1,139,324
|
1,044,999
|
| Operating Segments | Standard Commercial Lines |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| Total segment revenues |
962,044
|
937,635
|
1,927,803
|
1,849,845
|
| Net catastrophe losses |
48,666
|
50,881
|
105,849
|
70,692
|
| Non-catastrophe property loss and loss expense |
122,894
|
131,883
|
250,668
|
260,675
|
| Net |
652,249
|
666,766
|
1,309,083
|
1,248,432
|
| Commissions to distribution partners |
171,877
|
173,406
|
347,404
|
343,577
|
| Salaries and employee benefits |
81,857
|
78,667
|
166,779
|
158,455
|
| Other segment expenses |
48,366
|
43,789
|
97,944
|
90,473
|
| Total net underwriting expenses incurred |
302,100
|
295,862
|
612,127
|
592,505
|
| Dividends to policyholders |
490
|
1,151
|
1,190
|
2,134
|
| Net income (loss) |
7,205
|
(26,144)
|
5,403
|
6,774
|
| Operating Segments | Standard Commercial Lines | Casualty lines |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| (Favorable)/unfavorable prior year casualty reserve development |
0
|
45,000
|
0
|
45,000
|
| Current year casualty loss costs |
480,689
|
439,002
|
952,566
|
872,065
|
| Operating Segments | Standard Personal Lines |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| Total segment revenues |
97,639
|
102,377
|
197,667
|
206,032
|
| Net catastrophe losses |
11,937
|
14,591
|
25,137
|
21,704
|
| Non-catastrophe property loss and loss expense |
31,195
|
28,271
|
60,450
|
64,759
|
| Net |
69,004
|
69,977
|
138,303
|
146,646
|
| Commissions to distribution partners |
5,465
|
6,522
|
11,321
|
13,874
|
| Salaries and employee benefits |
10,296
|
8,805
|
19,392
|
17,443
|
| Other segment expenses |
8,446
|
8,523
|
17,065
|
17,482
|
| Total net underwriting expenses incurred |
24,207
|
23,850
|
47,778
|
48,799
|
| Dividends to policyholders |
0
|
0
|
0
|
0
|
| Net income (loss) |
4,428
|
8,550
|
11,586
|
10,587
|
| Operating Segments | Standard Personal Lines | Casualty lines |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| (Favorable)/unfavorable prior year casualty reserve development |
0
|
0
|
0
|
5,000
|
| Current year casualty loss costs |
25,872
|
27,115
|
52,716
|
55,183
|
| Operating Segments | E&S Lines |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| Total segment revenues |
155,825
|
148,045
|
307,234
|
290,937
|
| Net catastrophe losses |
7,936
|
14,460
|
12,903
|
30,893
|
| Non-catastrophe property loss and loss expense |
16,409
|
13,085
|
37,439
|
26,501
|
| Net |
95,013
|
87,155
|
184,384
|
175,145
|
| Commissions to distribution partners |
35,612
|
33,769
|
70,684
|
66,475
|
| Salaries and employee benefits |
9,220
|
7,498
|
16,636
|
15,107
|
| Other segment expenses |
3,224
|
4,452
|
6,885
|
8,357
|
| Total net underwriting expenses incurred |
48,056
|
45,719
|
94,205
|
89,939
|
| Dividends to policyholders |
0
|
0
|
0
|
0
|
| Net income (loss) |
12,756
|
15,171
|
28,645
|
25,853
|
| Operating Segments | E&S Lines | Casualty lines |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| (Favorable)/unfavorable prior year casualty reserve development |
0
|
0
|
0
|
0
|
| Current year casualty loss costs |
70,668
|
59,610
|
134,042
|
117,751
|
| Operating Segments | Investments |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| Total segment revenues |
162,138
|
132,140
|
296,220
|
253,060
|
| Net catastrophe losses |
0
|
0
|
0
|
0
|
| Non-catastrophe property loss and loss expense |
0
|
0
|
0
|
0
|
| Net |
0
|
0
|
0
|
0
|
| Commissions to distribution partners |
0
|
0
|
0
|
0
|
| Salaries and employee benefits |
0
|
0
|
0
|
0
|
| Other segment expenses |
0
|
0
|
0
|
0
|
| Total net underwriting expenses incurred |
0
|
0
|
0
|
0
|
| Dividends to policyholders |
0
|
0
|
0
|
0
|
| Net income (loss) |
162,138
|
132,140
|
296,220
|
253,060
|
| Income tax (expense) benefit |
(33,475)
|
(27,423)
|
(61,050)
|
(52,541)
|
| Net income (loss) |
128,663
|
104,717
|
235,170
|
200,519
|
| Operating Segments | Investments | Casualty lines |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| (Favorable)/unfavorable prior year casualty reserve development |
0
|
0
|
0
|
0
|
| Current year casualty loss costs |
0
|
0
|
0
|
0
|
| Reconciling Item, Corporate |
|
|
|
|
| Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue [Line Items] |
|
|
|
|
| Income tax (expense) benefit |
$ 5,136
|
$ 3,952
|
$ 10,647
|
$ 9,664
|