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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUE:    
Gross premiums written $ 318,559 $ 279,617
Change in gross unearned premiums (6,746) (667)
Gross premiums earned 311,813 278,950
Ceded premiums earned (131,091) (116,275)
Net premiums earned 180,722 162,675
Investment income 7,545 5,686
Investment Income, Net 7,295 5,443
Net realized gains (losses) 181 211
Unrealized Gain (Loss) on Securities 10,173 (2,444)
Other revenue 3,950 13,999
Total revenue 202,321 180,127
EXPENSES:    
Losses and loss adjustment expenses 104,547 77,246
Policy acquisition costs 55,246 57,135
Operating expenses 10,211 8,318
General and administrative expenses 17,581 23,325
Interest expense 2,409 2,458
Total expenses 189,994 168,482
Income (loss) before other income 12,327 11,645
Other income 6 71
Income (loss) before income taxes 12,333 11,716
Provision for income taxes 2,755 3,347
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest 9,578 8,369
Net income (loss) 9,469 8,369
Net Income (Loss) Attributable to Noncontrolling Interest 109 0
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 231 0
OTHER COMPREHENSIVE INCOME:    
Change in net unrealized gains (losses) on investments 14,322 (23,384)
Reclassification adjustment for net realized investment (gains) losses (181) (211)
Income tax benefit (expense) related to items of other comprehensive income (3,459) 5,923
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 20,260 (9,303)
Total comprehensive income $ 20,029 $ (9,303)
Weighted-average shares outstanding    
Weighted-average shares outstanding 42,696,681 42,581,939
Weighted-average diluted shares 42,986,484 42,748,627
Earnings Per Share    
Basic earnings per share $ 0.22 $ 0.20
Diluted earnings per share 0.22 0.20
Dividends declared per share (in usd per share) $ 0.06 $ 0.06