XML 18 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUE:        
Gross premiums written $ 449,762 $ 384,662 $ 768,321 $ 664,279
Change in gross unearned premiums (119,737) (95,021) (126,483) (95,688)
Gross premiums earned 330,025 289,641 641,838 568,591
Ceded premiums earned (139,621) (118,335) (270,712) (232,385)
Net premiums earned 190,404 171,306 371,126 336,206
Investment income 7,848 7,091 15,393 12,777
Investment Income, Net 7,570 6,845 14,865 12,288
Net realized gains (losses) (13) (438) 168 (227)
Unrealized Gain (Loss) on Securities 2,737 1,381 12,910 (1,063)
Other revenue 4,078 3,808 8,028 7,508
Total revenue 204,776 183,148 407,097 355,201
EXPENSES:        
Losses and loss adjustment expenses 116,252 88,595 220,799 165,841
Policy acquisition costs 61,622 50,454 116,868 99,516
Operating expenses 11,199 9,682 21,410 18,000
General and administrative expenses 16,802 12,643 34,383 35,968
Interest expense 2,527 2,458 4,936 4,916
Total expenses 208,402 163,832 398,396 324,241
Income (loss) before other income (3,626) 19,316 8,701 30,960
Other income 21 16 27 87
Income (loss) before income taxes (3,605) 19,332 8,728 31,047
Provision for income taxes (808) 4,631 1,947 7,978
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest (2,797) 14,701 6,781 23,069
Net income (loss) (2,903) 14,701 6,566 23,069
Net Income (Loss) Attributable to Noncontrolling Interest 106 0 215 0
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 205 0 436 0
OTHER COMPREHENSIVE INCOME:        
Change in net unrealized gains (losses) on investments 10,633 (3,968) 24,955 (27,352)
Reclassification adjustment for net realized investment (gains) losses 13 438 (168) 227
Income tax benefit (expense) related to items of other comprehensive income (2,429) 488 (5,888) 6,411
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 5,420 11,659 25,680 2,355
Total comprehensive income $ 5,215 $ 11,659 $ 25,244 $ 2,355
Weighted-average shares outstanding        
Weighted-average shares outstanding 42,762,417 42,648,660 42,729,730 42,615,484
Weighted-average diluted shares 42,762,417 42,790,346 43,097,244 42,769,602
Earnings Per Share        
Basic earnings per share $ (0.07) $ 0.34 $ 0.15 $ 0.54
Diluted earnings per share $ (0.07) $ 0.34 $ 0.15 $ 0.54