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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Gross premiums written $ 157,177 $ 135,606 $ 478,699 $ 418,670
Net premiums written 138,836 116,233 421,321 360,557
Net premiums earned 133,312 120,528 383,602 342,447
Net investment income 11,348 11,750 32,393 34,108
Net realized investment gains (losses):        
Other than temporary impairment losses on investments 0 (24) (1,897) (395)
Other net realized investment gains (losses) (2,690) 5,343 13,187 8,228
Total net realized investment gains (losses) (2,690) 5,319 11,290 7,833
Other income 264 411 1,274 1,289
Total revenues 142,234 138,008 428,559 385,677
Losses and Expenses:        
Net losses and loss adjustment expenses 73,583 80,493 201,979 195,426
Acquisition costs and other underwriting expenses 53,366 48,680 153,643 141,196
Corporate and other operating expenses 3,858 3,475 11,702 23,653
Interest expense 5,023 4,924 15,088 14,725
Income before income taxes 6,404 436 46,147 10,677
Income tax expense (benefit) (317) (3,292) 5,163 (5,944)
Net income $ 6,721 $ 3,728 $ 40,984 $ 16,621
Net income        
Basic $ 0.47 $ 0.26 $ 2.89 $ 1.18
Diluted $ 0.47 $ 0.26 $ 2.86 $ 1.16
Weighted-average number of shares outstanding        
Basic 14,202,859 14,100,180 14,181,530 14,082,698
Diluted 14,327,757 14,346,585 14,328,861 14,321,113
Cash dividends declared per share $ 0.25 $ 0.25 $ 0.75 $ 0.75