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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUE:      
Gross premiums written $ 381,352 $ 254,909 $ 203,806
Increase in gross unearned premiums (64,644) (28,655) (22,969)
Gross premiums earned 316,708 226,254 180,837
Ceded Premiums Earned (119,330) (104,286) (90,757)
Net premiums earned 197,378 121,968 90,080
Net investment income 3,871 3,083 2,823
Net realized gains (129) 2,160 158
Other than Temporary Impairment Losses, Investments 0 0 (31)
Other revenue 6,960 4,023 3,388
Total revenue 208,080 131,234 96,418
EXPENSES:      
Losses and loss adjustment expenses 98,830 58,409 38,861
Deferred Policy Acquisition Cost, Total Expense 50,623 36,877 29,054
Operating expenses 9,222 8,630 5,090
General and administrative expenses 14,552 11,734 9,674
Interest expense 367 355 548
Total expenses 173,594 116,005 83,227
Income before other income 34,486 15,229 13,191
Other Nonoperating Income (Expense) 1 485 (175)
Income before income taxes 34,487 15,714 13,016
Provision for income taxes 14,145 6,009 4,928
Net income 20,342 9,705 8,088
OTHER COMPREHENSIVE INCOME:      
Change in net unrealized gain on investments (4,233) 2,602 4,291
Reclassification adjustment for net realized investment gains 129 (2,160) (158)
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent 0 0 31
Income tax expense related to items of other comprehensive income 1,583 (170) (1,607)
Total comprehensive income $ 17,821 $ 9,977 $ 10,645
Weighted average shares outstanding      
Basic 16,100,882 10,607,751 10,442,034
Diluted 16,183,098 10,655,524 10,442,034
Earnings per share      
Earnings Per Share, Basic $ 1.26 $ 0.91 $ 0.77
Earnings Per Share, Diluted $ 1.26 $ 0.91 $ 0.77
Dividends declared per share $ 0.12 $ 0.08 $ 0.05