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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUE:      
Gross premiums written $ 569,736 $ 436,753 $ 381,352
Increase in gross unearned premiums (65,521) (36,058) (64,644)
Gross premiums earned 504,215 400,695 316,708
Ceded Premiums Earned (168,257) (135,845) (119,330)
Net premiums earned 335,958 264,850 197,378
Net investment income 9,212 6,795 3,871
Net realized gains 827 (20) (129)
Other revenue 11,572 8,605 6,960
Total revenue 357,569 280,230 208,080
EXPENSES:      
Losses and loss adjustment expenses 183,108 118,077 98,830
Deferred Policy Acquisition Cost, Amortization Expense 87,401 65,657 50,623
Operating Expenses 15,316 11,746 9,222
General and Administrative Expense 29,852 20,007 14,552
Interest Expense 326 410 367
Total expenses 316,003 215,897 173,594
Income before other income 41,566 64,333 34,486
Other Nonoperating Income (Expense) 294 77 1
Income before income taxes 41,860 64,410 34,487
Provision for income taxes 14,502 23,397 14,145
Net income 27,358 41,013 20,342
OTHER COMPREHENSIVE INCOME:      
Change in net unrealized gain on investments (3,070) 6,367 (4,233)
Reclassification adjustment for net realized investment gains (827) 20 129
Income tax expense related to items of other comprehensive income 1,506 (2,468) 1,583
Total comprehensive income $ 24,967 $ 44,932 $ 17,821
Weighted average shares outstanding      
Basic 21,218,233 19,933,652 16,100,882
Diluted 21,452,540 20,045,907 16,183,098
Earnings per share      
Earnings Per Share, Basic $ 1.29 $ 2.06 $ 1.26
Earnings Per Share, Diluted 1.28 2.05 1.26
Common Stock, Dividends, Per Share, Declared $ 0.20 $ 0.16 $ 0.12