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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUE:        
Gross premiums written $ 210,756 $ 162,582 $ 346,712 $ 269,198
Decrease in gross unearned premiums (46,171) (41,600) (35,625) (33,034)
Gross premiums earned 164,585 120,982 311,087 236,164
Ceded premiums earned (50,406) (40,530) (95,538) (77,664)
Net premiums earned 114,179 80,452 215,549 158,500
Investment income 2,727 2,239 5,123 4,312
Net realized gains (losses) 102 (133) 372 (11)
Other revenue 3,913 2,782 7,438 4,935
Total revenue 120,921 85,340 228,482 167,736
EXPENSES:        
Losses and loss adjustment expenses 62,611 44,627 126,869 96,598
Policy acquisition costs 25,721 21,198 52,753 40,384
Operating expenses 5,814 4,809 9,768 8,350
General and administrative expenses 11,497 6,512 19,430 13,913
Interest expense 116 68 191 151
Total expenses 105,759 77,214 209,011 159,396
Income before other income 15,162 8,126 19,471 8,340
Other income 48 61 69 185
Income before income taxes 15,210 8,187 19,540 8,525
Provision for income taxes 5,369 2,912 6,748 3,052
Net income 9,841 5,275 12,792 5,473
OTHER COMPREHENSIVE INCOME:        
Change in net unrealized gains (losses) on investments 7,420 (4,892) 13,800 (2,363)
Reclassification adjustment for net realized investment (gains) losses (102) 133 (372) 11
Income tax benefit (expense) related to items of other comprehensive income (2,713) 1,839 (5,074) 909
Total comprehensive income $ 14,446 $ 2,355 $ 21,146 $ 4,030
Weighted-average shares outstanding        
Weighted-average shares outstanding (in shares) 21,423,739 21,255,496 21,385,220 21,145,624
Weighted-average diluted shares (in shares) 21,631,077 21,508,511 21,584,287 21,376,540
Earnings Per Share        
Basic earnings per share (in usd per share) $ 0.46 $ 0.25 $ 0.60 $ 0.26
Diluted earnings per share (in usd per share) 0.45 0.25 0.59 0.26
Dividends declared per share (in usd per share) $ 0.06 $ 0.05 $ 0.11 $ 0.10