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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:                      
Gross premiums written                 $ 565,845 $ 590,233 $ 291,253
Net premiums written                 470,940 501,244 273,181
Net premiums earned $ 109,472 $ 119,553 $ 117,804 $ 121,636 $ 123,222 $ 124,707 $ 128,877 $ 127,337 468,465 504,143 268,519
Net investment income 8,880 8,795 6,562 9,746 8,375 8,852 9,141 8,241 33,983 34,609 28,821
Net realized investment gains (losses):                      
Other than temporary impairment losses on investments                 (6,733) (7,335) (501)
Other net realized investment gains                 28,454 3,961 36,361
Total net realized investment gains (losses) 30,778 1,928 (3,492) (7,493) 3,842 (10,778) 6,532 (2,970) 21,721 (3,374) 35,860
Other income                 10,345 3,400 555
Total revenues                 534,514 538,778 333,755
Losses and Expenses:                      
Net losses and loss adjustment expenses 48,946 72,162 78,111 64,784 48,498 77,691 79,560 69,619 264,003 275,368 137,561
Acquisition costs and other underwriting expenses 47,889 48,129 48,542 52,090 51,185 50,934 50,926 48,258 196,650 201,303 109,619
Corporate and other operating expenses                 17,338 24,448 14,559
Interest expense                 8,905 4,913 822
Income before income taxes 46,535 10,598 (11,468) 1,953 29,463 (9,727) 9,772 3,238 47,618 32,746 71,194
Income tax expense (benefit)                 (2,250) (8,723) 8,338
Net income $ 38,373 $ 9,535 $ (5,165) $ 7,125 $ 27,304 $ (3,746) $ 11,117 $ 6,794 $ 49,868 $ 41,469 $ 62,856
Net income                      
Basic                 $ 2.89 $ 1.71 $ 2.50
Diluted $ 2.18 $ 0.54 $ (0.30) $ 0.41 $ 1.30 $ (0.15) $ 0.43 $ 0.26 $ 2.84 $ 1.69 $ 2.48
Weighted-average number of shares outstanding                      
Basic                 17,246,717 24,253,657 25,131,811
Diluted                 17,547,061 24,505,851 25,331,420