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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUE:    
Gross premiums written $ 168,842 $ 135,956
Decrease in gross unearned premiums 13,223 10,546
Gross premiums earned 182,065 146,502
Ceded premiums earned (74,882) (45,132)
Net premiums earned 107,183 101,370
Investment income 2,951 2,396
Net realized gains (losses) (351) 270
Other revenue 12,850 3,525
Total revenue 122,633 107,561
EXPENSES:    
Losses and loss adjustment expenses 63,333 64,258
Policy acquisition costs 35,436 27,032
Operating expenses 5,872 3,954
General and administrative expenses 11,333 7,933
Interest expense 759 75
Total expenses 116,733 103,252
Income before other income 5,900 4,309
Other income 38 21
Income before income taxes 5,938 4,330
Provision for income taxes 2,039 1,379
Net income 3,899 2,951
OTHER COMPREHENSIVE INCOME:    
Change in net unrealized gains (losses) on investments 3,731 6,380
Reclassification adjustment for net realized investment (gains) losses 351 (270)
Income tax benefit (expense) related to items of other comprehensive income (1,542) (2,361)
Total comprehensive income $ 6,439 $ 6,700
Weighted-average shares outstanding    
Weighted-average shares outstanding (in shares) 21,471,185 21,346,701
Weighted-average diluted shares (in shares) 21,688,733 21,537,496
Earnings Per Share    
Basic earnings per share (in usd per share) $ 0.18 $ 0.14
Diluted earnings per share (in usd per share) 0.18 0.14
Dividends declared per share (in usd per share) $ 0.06 $ 0.05