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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Gross premiums earned $ 178,925 $ 130,942
Premiums ceded (53,162) (43,099)
Net premiums earned 125,763 87,843
Net investment income 2,868 4,594
Net realized investment (losses) gains (314) 1,113
Net unrealized investment losses (3,576) (269)
Policy fee income 1,057 970
Other 1,242 623
Total revenue 127,040 94,874
Expenses    
Losses and loss adjustment expenses 72,704 45,751
Policy acquisition and other underwriting expenses 29,408 23,065
General and administrative personnel expenses 14,034 9,650
Interest expense 601 2,079
Other operating expenses 6,292 4,227
Total expenses 123,039 84,772
Income before income taxes 4,001 10,102
Income tax expense 1,210 3,257
Net income 2,791 6,845
Net income attributable to redeemable noncontrolling interest (Note 17) (2,248) (794)
Net loss attributable to noncontrolling interests 360 97
Net income after noncontrolling interests $ 903 $ 6,148
Basic earnings per share $ 0.09 $ 0.82
Diluted earnings per share $ 0.09 $ 0.75