v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Treasury Stock, At Cost
Accumulated Other Comprehensive Loss
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2024   78,601,000        
Beginning balance at Dec. 31, 2024 $ 2,217,432 $ 879 $ 1,004,692 $ (246,594) $ (124,804) $ 1,583,259
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock: shares issued under stock plans, net of shares withheld for employee taxes (in shares)   418,000        
Common stock: shares issued under stock plans, net of shares withheld for employee taxes (7,650) $ 4 (7,654)      
Repurchase of common stock (in shares)   (718,000)        
Repurchase of common stock (26,053)     (26,053)    
Share-based compensation expense 4,507   4,507      
Change in unrealized investment gains/losses, net of tax benefit (expense) 30,776       30,776  
Net income 102,559         102,559
Ending balance (in shares) at Mar. 31, 2025   78,301,000        
Ending balance at Mar. 31, 2025 2,321,571 $ 883 1,001,545 (272,647) (94,028) 1,685,818
Beginning balance (in shares) at Dec. 31, 2024   78,601,000        
Beginning balance at Dec. 31, 2024 2,217,432 $ 879 1,004,692 (246,594) (124,804) 1,583,259
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 198,710          
Ending balance (in shares) at Jun. 30, 2025   77,717,000        
Ending balance at Jun. 30, 2025 2,420,107 $ 884 1,006,058 (296,047) (72,757) 1,781,969
Beginning balance (in shares) at Mar. 31, 2025   78,301,000        
Beginning balance at Mar. 31, 2025 2,321,571 $ 883 1,001,545 (272,647) (94,028) 1,685,818
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock: shares issued under stock plans, net of shares withheld for employee taxes (in shares)   44,000        
Common stock: shares issued under stock plans, net of shares withheld for employee taxes (443) $ 1 (444)      
Repurchase of common stock (in shares)   (628,000)        
Repurchase of common stock (23,400)     (23,400)    
Share-based compensation expense 4,957   4,957      
Change in unrealized investment gains/losses, net of tax benefit (expense) 21,271       21,271  
Net income 96,151         96,151
Ending balance (in shares) at Jun. 30, 2025   77,717,000        
Ending balance at Jun. 30, 2025 $ 2,420,107 $ 884 1,006,058 (296,047) (72,757) 1,781,969
Beginning balance (in shares) at Dec. 31, 2025 76,285,242 76,285,000        
Beginning balance at Dec. 31, 2025 $ 2,591,986 $ 884 1,016,772 (351,772) (46,083) 1,972,185
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock: shares issued under stock plans, net of shares withheld for employee taxes (in shares)   580,000        
Common stock: shares issued under stock plans, net of shares withheld for employee taxes (13,766) $ 6 (13,772)      
Repurchase of common stock (in shares)   (716,000)        
Repurchase of common stock (27,723)     (27,723)    
Share-based compensation expense 4,682   4,682      
Change in unrealized investment gains/losses, net of tax benefit (expense) (22,077)       (22,077)  
Net income 99,330         99,330
Ending balance (in shares) at Mar. 31, 2026   76,149,000        
Ending balance at Mar. 31, 2026 $ 2,632,432 $ 890 1,007,682 (379,495) (68,160) 2,071,515
Beginning balance (in shares) at Dec. 31, 2025 76,285,242 76,285,000        
Beginning balance at Dec. 31, 2025 $ 2,591,986 $ 884 1,016,772 (351,772) (46,083) 1,972,185
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 205,118          
Ending balance (in shares) at Jun. 30, 2026 75,367,346 75,367,000        
Ending balance at Jun. 30, 2026 $ 2,705,196 $ 890 1,012,534 (411,207) (74,324) 2,177,303
Beginning balance (in shares) at Mar. 31, 2026   76,149,000        
Beginning balance at Mar. 31, 2026 2,632,432 $ 890 1,007,682 (379,495) (68,160) 2,071,515
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock: shares issued under stock plans, net of shares withheld for employee taxes (in shares)   44,000        
Common stock: shares issued under stock plans, net of shares withheld for employee taxes (454)   (454)      
Repurchase of common stock (in shares)   (826,000)        
Repurchase of common stock (31,712)     (31,712)    
Share-based compensation expense 5,306   5,306      
Change in unrealized investment gains/losses, net of tax benefit (expense) (6,164)       (6,164)  
Net income $ 105,788         105,788
Ending balance (in shares) at Jun. 30, 2026 75,367,346 75,367,000        
Ending balance at Jun. 30, 2026 $ 2,705,196 $ 890 $ 1,012,534 $ (411,207) $ (74,324) $ 2,177,303