v3.26.3
Condensed Consolidated Statements of Earnings and Comprehensive Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Net premiums earned $ 424,914 $ 407,695 $ 1,253,396 $ 1,207,944
Net investment income 46,694 41,270 135,057 117,414
Net realized gains 8,637 18,318 27,603 48,234
Net unrealized gains (losses) on equity securities (3,282) 41,981 60,346 43,163
Consolidated revenue 476,963 509,264 1,476,402 1,416,755
Losses and settlement expenses 201,341 187,998 584,480 549,814
Policy acquisition costs 134,147 128,937 400,897 378,126
Insurance operating expenses 30,657 30,215 91,554 86,683
Interest expense on debt 4,200 1,364 10,994 4,049
General corporate expenses 3,388 5,045 12,335 12,747
Total expenses 373,733 353,559 1,100,260 1,031,419
Equity in earnings of unconsolidated investees (3,137) 1,540 1,980 7,055
Earnings before income taxes 100,093 157,245 378,122 392,391
Income tax expense 19,084 32,635 74,200 80,231
Net earnings 81,009 124,610 303,922 312,160
Other comprehensive earnings (loss), net of tax (117,809) 27,674 (145,489) 76,405
Comprehensive earnings (loss) $ (36,800) $ 152,284 $ 158,433 $ 388,565
Basic net earnings per share (in dollars per share) $ 0.88 $ 1.36 $ 3.31 $ 3.4
Diluted net earnings per share (in dollars per share) $ 0.88 $ 1.35 $ 3.29 $ 3.38
Weighted average number of common shares outstanding:        
Basic weighted average number of common shares outstanding (in shares) 91,795 91,849 91,881 91,816
Diluted weighted average number of common shares outstanding (in shares) 92,251 92,310 92,259 92,460