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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUE:        
Gross premiums written $ 384,662 $ 352,347 $ 664,279 $ 521,189
Decrease (increase) in gross unearned premiums (95,021) (90,763) (95,688) (77,540)
Gross premiums earned 289,641 261,584 568,591 443,649
Ceded premiums earned (118,335) (101,966) (232,385) (176,848)
Net premiums earned 171,306 159,618 336,206 266,801
Investment income 7,091 4,637 12,777 7,588
Net realized gains (losses) (438) (132) (227) (483)
Unrealized Gain (Loss) on Securities 1,381 0 (1,063)  
Other revenue 3,808 13,950 7,508 26,800
Total revenue 183,148 178,073 355,201 300,706
EXPENSES:        
Losses and loss adjustment expenses 88,595 86,938 165,841 150,271
Policy acquisition costs 50,454 43,320 99,516 78,756
Operating expenses 9,682 6,257 18,000 12,129
General and administrative expenses 12,643 28,176 35,968 39,509
Interest expense 2,458 752 4,916 1,511
Total expenses 163,832 165,443 324,241 282,176
Income (loss) before other income 19,316 12,630 30,960 18,530
Other income 16 20 87 58
Income (loss) before income taxes 19,332 12,650 31,047 18,588
Provision for income taxes 4,631 5,393 7,978 7,432
Net income (loss) 14,701 7,257 23,069 11,156
OTHER COMPREHENSIVE INCOME:        
Change in net unrealized gains (losses) on investments (3,968) 4,106 (27,352) 7,837
Reclassification adjustment for net realized investment (gains) losses 438 132 227 483
Income tax benefit (expense) related to items of other comprehensive income 488 (1,615) 6,411 (3,157)
Total comprehensive income $ 11,659 $ 9,880 $ 2,355 $ 16,319
Weighted-average shares outstanding        
Weighted-average shares outstanding (in shares) 42,648,660 41,799,041 42,615,484 31,691,267
Weighted-average diluted shares (in shares) 42,790,346 42,028,013 42,769,602 31,914,559
Earnings Per Share        
Basic earnings per share (in usd per share) $ 0.34 $ 0.17 $ 0.54 $ 0.35
Diluted earnings per share (in usd per share) $ 0.34 0.17 0.54 0.35
Dividends declared per share (in usd per share)   $ 0.06 $ 0.12 $ 0.12