v3.26.3
Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Net premiums earned $ 1,180,191 $ 1,204,678 $ 3,612,895 $ 3,551,492
Net investment income earned 160,481 138,655 453,031 387,314
Net realized and unrealized investment gains (losses) (19,446) 8,057 (15,776) 12,458
Other income 5,074 8,720 22,110 20,777
Total revenues 1,326,300 1,360,110 4,072,260 3,972,041
Expenses:        
Loss and loss expense incurred 762,696 819,031 2,394,466 2,389,254
Amortization of deferred policy acquisition costs 241,356 250,182 742,816 747,923
Other insurance expenses 143,828 127,487 414,704 375,180
Interest expense 13,215 13,253 39,651 36,082
Corporate expenses 3,117 4,446 31,488 30,100
Total expenses 1,164,212 1,214,399 3,623,125 3,578,539
Income (loss) before income tax 162,088 145,711 449,135 393,502
Income tax expense (benefit):        
Current 39,156 39,546 106,625 93,640
Deferred (5,720) (9,175) (13,203) (11,317)
Total income tax expense (benefit) 33,436 30,371 93,422 82,323
Net income (loss) 128,652 115,340 355,713 311,179
Preferred stock dividends 2,300 2,300 6,900 6,900
Net income (loss) available to common stockholders, basic 126,352 113,040 348,813 304,279
Net income (loss) available to common stockholders, diluted $ 126,352 $ 113,040 $ 348,813 $ 304,279
Earnings per common share:        
Net income (loss) available to common stockholders - Basic (in dollars per share) $ 2.13 $ 1.87 $ 5.85 $ 5.01
Net income (loss) available to common stockholders - Diluted (in dollars per share) $ 2.11 $ 1.85 $ 5.80 $ 4.97