An unaudited summary of the Company’s 2016 and 2015 quarterly performance is as follows:


	Year Ended December 31, 2016
(Dollars in thousands, except per share data)	First Quarter			Second Quarter			Third Quarter		Fourth Quarter
Net premiums earned	$	121,636		$	117,804		$	119,553	$	109,472
Net investment income		9,746			6,562			8,795		8,880
Net realized investment gains (losses)		(7,493	)		(3,492	)		1,928		30,778
Net losses and loss adjustment expenses		64,784			78,111			72,162		48,946
Acquisition costs and other underwriting expenses		52,090			48,542			48,129		47,889
Income (loss) before income taxes		1,953			(11,468	)		10,598		46,535
Net income (loss)		7,125			(5,165	)		9,535		38,373
Per share data—Diluted:
Net income (loss)	$	0.41		$	(0.30	)	$	0.54	$	2.18


	Year Ended December 31, 2015
(Dollars in thousands, except per share data)	First Quarter			Second Quarter		Third Quarter			Fourth Quarter
Net premiums earned	$	127,337		$	128,877	$	124,707		$	123,222
Net investment income		8,241			9,141		8,852			8,375
Net realized investment gains (losses)		(2,970	)		6,532		(10,778	)		3,842
Net losses and loss adjustment expenses		69,619			79,560		77,691			48,498
Acquisition costs and other underwriting expenses		48,258			50,926		50,934			51,185
Income before income taxes		3,238			9,772		(9,727	)		29,463
Net income		6,794			11,117		(3,746	)		27,304
Per share data—Diluted:
Net income	$	0.26		$	0.43	$	(0.15	)	$	1.30