XML 18 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUE:        
Gross premiums written $ 267,219 $ 194,341 $ 788,408 $ 541,053
Decrease (increase) in gross unearned premiums 782 (20,821) (76,758) (56,446)
Gross premiums earned 268,001 173,520 711,650 484,607
Ceded premiums earned (115,507) (53,299) (292,355) (148,837)
Net premiums earned 152,494 120,221 419,295 335,770
Investment income 4,901 2,663 12,489 7,786
Net realized gains (losses) (71) 106 (554) 478
Other revenue 13,804 4,212 40,604 11,650
Total revenue 171,128 127,202 471,834 355,684
EXPENSES:        
Losses and loss adjustment expenses 143,127 72,746 293,398 199,615
Policy acquisition costs 46,546 31,333 125,302 84,086
Operating expenses 6,891 5,558 19,020 15,326
General and administrative expenses 19,316 12,329 58,825 31,759
Interest expense 771 206 2,282 397
Total expenses 216,651 122,172 498,827 331,183
Income (loss) before other income (45,523) 5,030 (26,993) 24,501
Other income 36 11 94 80
Income (loss) before income taxes (45,487) 5,041 (26,899) 24,581
Provision for income taxes (17,475) 1,618 (10,043) 8,366
Net income (loss) (28,012) 3,423 (16,856) 16,215
OTHER COMPREHENSIVE INCOME:        
Change in net unrealized gains (losses) on investments 2,672 (3,495) 10,509 10,305
Reclassification adjustment for net realized investment (gains) losses 71 (106) 554 (478)
Income tax benefit (expense) related to items of other comprehensive income (1,050) 1,298 (4,207) (3,776)
Total comprehensive income $ (26,319) $ 1,120 $ (10,000) $ 22,266
Weighted-average shares outstanding        
Weighted-average shares outstanding (in shares) 42,524,400 21,448,892 35,341,994 21,406,599
Weighted-average diluted shares (in shares) 42,741,004 21,643,401 35,563,032 21,604,135
Earnings Per Share        
Basic earnings per share (in usd per share) $ (0.66) $ 0.16 $ (0.48) $ 0.76
Diluted earnings per share (in usd per share) (0.66) 0.16 (0.47) 0.75
Dividends declared per share (in usd per share) $ 0.06 $ 0.06 $ 0.18 $ 0.17