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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUE:        
Gross premiums written $ 317,184 $ 295,935 $ 1,085,505 $ 960,214
Change in gross unearned premiums 27,499 8,021 (98,984) (87,667)
Gross premiums earned 344,683 303,956 986,521 872,547
Ceded premiums earned (151,763) (132,626) (422,475) (365,011)
Net premiums earned 192,920 171,330 564,046 507,536
Investment Income, Net 7,803 6,621 22,668 18,909
Net realized gains (losses) 18 (447) 186 (674)
Unrealized Gain (Loss) on Securities 2,609 6,109 15,519 5,046
Other revenue 4,248 3,772 12,276 11,280
Total revenue 207,598 187,652 614,695 542,853
EXPENSES:        
Losses and loss adjustment expenses 148,125 120,552 368,924 286,393
Policy acquisition costs 61,849 54,200 178,717 153,716
Operating expenses 12,167 10,976 33,577 28,976
General and administrative expenses 19,105 15,358 53,488 51,326
Interest expense 2,443 2,455 7,379 7,371
Total expenses 243,689 203,541 642,085 527,782
Income (loss) before other income (36,091) (15,889) (27,390) 15,071
Other income 17 19 44 106
Income (loss) before income taxes (36,074) (15,870) (27,346) 15,177
Provision for income taxes (7,859) (4,163) (5,912) 3,815
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest (28,215) (11,707) (21,434) 11,362
Net income (loss) (28,280) (11,708) (21,714) 11,361
Net Income (Loss) Attributable to Noncontrolling Interest 65 1 280 1
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 101 1 537 1
OTHER COMPREHENSIVE INCOME:        
Change in net unrealized gains (losses) on investments 5,606 (3,354) 30,561 (30,706)
Reclassification adjustment for net realized investment (gains) losses (18) 447 (186) 674
Income tax benefit (expense) related to items of other comprehensive income (1,486) 699 (7,374) 7,110
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest (24,113) (13,915) 1,567 (11,560)
Total comprehensive income $ (24,214) $ (13,916) $ 1,030 $ (11,561)
Weighted-average shares outstanding        
Weighted-average shares outstanding 42,795,414 42,677,893 42,750,710 42,636,515
Weighted-average diluted shares 42,795,414 42,677,893 42,750,710 42,791,208
Earnings Per Share        
Basic earnings per share $ (0.66) $ (0.27) $ (0.51) $ 0.27
Diluted earnings per share $ (0.66) $ (0.27) $ (0.51) $ 0.27