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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUE:      
Gross premiums written $ 1,380,268 $ 1,252,401 $ 1,040,848
Change in gross unearned premiums (46,742) (71,440) (54,825)
Gross premiums earned 1,333,526 1,180,961 986,023
Ceded Premiums Earned (581,126) (491,685) (400,533)
Net premiums earned 752,400 689,276 585,490
Investment Income, Net 30,145 26,170 17,126
Investment Income 31,229 27,201 17,812
Net realized gains (losses) 1,228 1,655 67
Unrealized Gain (Loss) on Securities 24,761 (9,300) 0
Other revenue 16,582 15,110 51,051
Total revenue 825,116 723,942 654,420
EXPENSES:      
Losses and loss adjustment expenses 499,493 408,589 365,535
Policy Acquisition Costs 238,268 203,140 175,444
Operating Expenses 44,310 40,590 27,675
General and Administrative Expense 65,989 66,112 81,762
Interest Expense 9,781 9,866 3,247
Total expenses 857,841 728,297 653,663
Income before other income (32,725) (4,355) 757
Other Income 119 116 153
Income before income taxes (32,606) (4,239) 910
Provision (benefit) for income taxes (3,121) (4,633) (9,235)
Net Income (Loss) Attributable to Parent (29,872) 290 10,145
Net Income (Loss) Attributable to Noncontrolling Interest 387 104 0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (29,485) 394 10,145
OTHER COMPREHENSIVE INCOME:      
Change in net unrealized gain (loss) on investments 28,366 (22,264) 10,647
Reclassification adjustment for net realized investment gains (1,228) (1,655) (67)
Income tax benefit (expense) related to items of other comprehensive income (6,588) 5,703 (2,181)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest (8,935) (17,822) 18,544
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 588 139 0
Total comprehensive income $ (9,523) $ (17,961) $ 18,544
Weighted average shares outstanding      
Basic 42,763,423 42,650,629 37,152,768
Diluted 42,763,423 42,838,886 37,375,340
Earnings per share      
Earnings Per Share, Basic $ (0.70) $ 0.01 $ 0.27
Earnings Per Share, Diluted $ (0.70) $ 0.01 $ 0.27