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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Investment advisor compensation $ 19,863 $ 24,543 $ 19,246
Revenues      
Gross premiums written 692,651 536,072 502,124
Gross premiums ceded (56,587) (10,015) (9,001)
Net premiums written 636,064 526,057 493,123
Change in net unearned premium reserves (10,060) (12,939) (84,736)
Net premiums earned 626,004 513,118 408,387
Net investment income (loss) [net of related party expenses of $19,863, $24,543 and $19,246] 20,231 76,183 (281,924)
Other income (expense), net (560) (935) (3,413)
Total revenues 645,675 588,366 123,050
Expenses      
Loss and loss adjustment expenses incurred, net 502,404 380,815 317,097
Acquisition costs, net 161,740 134,534 116,207
General and administrative expenses 26,356 25,808 23,434
Total expenses 690,500 541,157 456,738
Income (loss) before income tax (44,825) 47,209 (333,688)
Income tax (expense) benefit 451 (509) 1,755
Net income (loss) including non-controlling interest (44,374) 46,700 (331,933)
Loss (income) attributable to non-controlling interest in related party joint venture (578) (1,819) 5,508
Net income (loss) $ (44,952) $ 44,881 $ (326,425)
Earnings (loss) per share      
Basic $ (1.21) $ 1.20 $ (8.90)
Diluted $ (1.21) $ 1.20 $ (8.90)
Weighted average number of ordinary shares used in the determination of earnings and loss per share      
Basic 37,002,260 37,267,145 36,670,466
Diluted 37,002,260 37,340,018 36,670,466
Board of Directors Chairman [Member] | Investment Advisory Agreement [Member]      
Performance compensation $ (2,079) $ (8,244) $ 0
Management fees 17,785 16,299 19,246
Investment advisor compensation $ 19,863 $ 24,543 $ 19,246