Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues | ||||
| Net earned premiums | $ 291,653 | $ 282,113 | $ 582,639 | $ 554,803 |
| Net investment income | 16,559 | 15,724 | 33,597 | 30,298 |
| Earnings from partnership investments | 3,329 | 346 | 7,234 | 2,458 |
| Net realized gains on investments | 1,418 | 2,131 | 8,049 | 6,394 |
| Change in net unrealized gains on equity securities | 4,720 | 7,194 | (6,777) | 6,923 |
| Credit loss (expense) benefit | (7) | 66 | (355) | (255) |
| Commission income | 2,252 | 2,285 | 4,402 | 4,380 |
| Finance and other service income | 5,758 | 6,485 | 11,559 | 12,772 |
| Total revenue | 325,682 | 316,344 | 640,348 | 617,773 |
| Expenses | ||||
| Losses and loss adjustment expenses | 195,119 | 194,232 | 442,609 | 384,522 |
| Underwriting, operating and related expenses | 83,883 | 82,796 | 166,164 | 163,647 |
| Other expense | 2,110 | 2,047 | 4,247 | 4,001 |
| Interest expense | 814 | 442 | 1,432 | 546 |
| Total expenses | 281,926 | 279,517 | 614,452 | 552,716 |
| Income before income taxes | 43,756 | 36,827 | 25,896 | 65,057 |
| Income tax expense | 9,239 | 7,890 | 5,702 | 14,224 |
| Net income | $ 34,517 | $ 28,937 | $ 20,194 | $ 50,833 |
| Earnings per weighted average common share: | ||||
| Basic | $ 2.36 | $ 1.95 | $ 1.38 | $ 3.44 |
| Diluted | 2.36 | 1.95 | 1.38 | 3.43 |
| Cash dividends paid per common share | $ 0.92 | $ 0.9 | $ 1.84 | $ 1.8 |
| Number of shares used in computing earnings per share: | ||||
| Basic | 14,521,693 | 14,744,968 | 14,509,999 | 14,731,843 |
| Diluted | 14,558,294 | 14,782,244 | 14,552,290 | 14,763,732 |
| X | ||||||||||
- Definition Amount of commission income. No definition available.
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| X | ||||||||||
- Definition The amount of credit loss (benefit) expense. No definition available.
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| X | ||||||||||
- Definition Adjustment for income from the undistributed earnings (losses) of the entity's unconsolidated equity method investments. No definition available.
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| X | ||||||||||
- Definition Reflects finance and all other revenue and income not otherwise specified in the income statement. No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes underwriting, operating and related expenses. No definition available.
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| X | ||||||||||
- Definition The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- Definition Aggregate dividends paid during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- 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/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of realized gain (loss) on investment in marketable security. No definition available.
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| X | ||||||||||
- 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/disclosureRef
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| X | ||||||||||
- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- 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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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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