XML 34 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Net earned premiums $ 1,176,750 $ 1,034,587 $ 951,541
Net investment income 81,986 59,606 44,932
Net investment gains (losses) (5,429) 1,274 (15,892)
Other income (loss) 0 0 (295)
Total revenues 1,253,307 1,095,467 980,286
Benefits, losses and expenses      
Losses and loss settlement expenses 744,605 769,414 637,301
Amortization of deferred policy acquisition costs 281,338 244,991 213,075
Other underwriting expenses 140,942 115,800 115,169
Interest Expense 7,281 3,260 3,188
Other non-underwriting expenses 2,107 1,723 (524)
Total benefits, losses and expenses 1,176,273 1,135,188 968,209
Income (loss) before income taxes 77,034 (39,721) 12,077
Income tax expense (benefit) 15,077 (10,021) (2,954)
Net income (loss) $ 61,957 $ (29,700) $ 15,031
Earnings (loss) per common share:      
Basic (in dollars per share) $ 2.45 $ (1.18) $ 0.60
Diluted (in dollars per share) $ 2.39 $ (1.18) $ 0.59
Weighted average common shares outstanding:      
Basic (in shares) 25,319,973 25,249,269 25,160,809
Diluted (in shares) 25,917,760 25,249,269 25,318,196