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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUE:      
Gross premiums written $ 586,098 $ 436,407 $ 218,537
Increase in gross unearned premiums (61,358) (124,893) (78,578)
Gross premiums earned 524,740 311,514 139,959
Ceded premiums (148,472) (87,902) (44,800)
Net premiums earned 376,268 223,612 95,159
Retroactive reinsurance     26,046
Net investment income 7,421 3,849 1,049
Net realized gains (losses) 1,508 304 (323)
Other revenue 9,595 6,055 2,901
Total revenue 394,792 233,820 124,832
EXPENSES:      
Losses and loss adjustment expenses 141,191 89,560 38,501
Policy acquisition costs 57,186 36,510 6,150
General and administrative expenses 46,125 33,498 24,720
Total expenses 244,502 159,568 69,371
Income before income taxes 150,290 74,252 55,461
Provision for income taxes 57,778 27,155 21,248
Net income 92,512 47,097 34,213
OTHER COMPREHENSIVE INCOME:      
Change in net unrealized (losses) gains on investments (4,606) 4,395 (1,610)
Reclassification adjustment for net realized investment (losses) gains (1,508) (304) 323
Income tax (expense) benefit related to items of other comprehensive income 2,358 (1,578) 497
Total comprehensive income $ 88,756 $ 49,610 $ 33,423
Weighted average shares outstanding      
Basic 30,056,491 24,568,876 14,313,150
Diluted 30,326,468 25,816,560 14,473,800
Earnings per share      
Basic $ 3.08 $ 1.92 $ 2.39
Diluted $ 3.05 $ 1.82 $ 2.36