XML 504 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Net premiums earned $ 53,929 $ 83,546 $ 129,155 $ 300,934
Net investment income 1,685 2,404 5,092 9,637
Net realized and unrealized gains (losses) 1,273 1,324 10,949 8,882
Direct written policy fees 3,179 3,603 9,730 10,662
Other income 6,658 6,439 23,584 16,919
Total revenues 66,724 97,316 178,510 347,034
Costs and expenses:        
Losses and loss adjustment expenses 59,644 99,016 185,090 297,862
Commissions and other underwriting expenses 23,591 24,580 61,977 90,205
General and administrative expenses 5,974 5,333 17,854 17,241
Interest expense 2,296 1,915 6,451 5,745
Total costs and expenses 91,505 130,844 271,372 411,053
Income (loss) before income taxes (24,781) (33,528) (92,862) (64,019)
Income tax expense (benefit) 0 (12,783) 1,669 (23,928)
Net income (loss) $ (24,781) $ (20,745) $ (94,531) $ (40,091)
Net Income (Loss) Per Common Share        
Basic (in dollars per share) $ (1.42) $ (1.51) $ (5.76) $ (2.89)
Diluted (in dollars per share) $ (1.42) $ (1.51) $ (5.76) $ (2.89)
Weighted Average Number of Shares of Common Stock Outstanding        
Basic (in shares) 17,445 13,708 16,417 13,890
Diluted (in shares) 17,445 13,708 16,417 13,890
Dividends declared per share of common stock (in dollars per share) $ 0 $ 0.09 $ 0 $ 0.27