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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Net premiums written $ 78,308 $ 75,232
Gross premiums written 82,487 77,791
Ceded premiums written (4,179) (2,559)
Revenues    
Net premiums earned 69,181 67,556
Net investment income 7,433 6,113
Net realized gains on investments 258 738
Net unrealized gains on equity securities 1,369 1,040
Fee and other income 197 113
Total revenues 78,438 75,560
Expenses    
Loss and loss adjustment expenses incurred 39,009 37,741
Underwriting and certain other operating costs 5,156 3,990
Commissions 5,803 5,208
Salaries and benefits 6,023 5,915
Policyholder dividends 931 1,189
Provision for investment related credit loss expense (benefit) (19) 95
Total expenses 56,903 54,138
Income before income taxes 21,535 21,422
Income tax expense 4,196 4,091
Net income $ 17,339 $ 17,331
Earnings per share    
Basic $ 0.91 $ 0.90
Diluted $ 0.90 $ 0.89
Shares used in computing earnings per share    
Basic 19,131,356 19,332,006
Diluted 19,235,411 19,430,824
Cash dividends declared per common share $ 0.34 $ 0.31