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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
Net income $ 92,512,000 $ 47,097,000 $ 34,213,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 2,647,000 3,301,000 5,733,000
Amortization of bond discount 6,246,000 2,531,000 891,000
Depreciation and amortization 1,350,000 777,000 150,000
Bad debt expense (250,000) 250,000  
Net realized gains/losses (1,508,000) (304,000) 323,000
Deferred income taxes 1,016,000 (3,764,000) (893,000)
Excess tax benefit on stock-based compensation 739,000    
Changes in operating assets and liabilities:      
Accrued investment income (792,000) (1,646,000) (856,000)
Premiums receivable, net (10,287,000) (9,931,000) (10,227,000)
Restricted cash (8,746,000) (4,339,000)  
Prepaid reinsurance premiums (35,369,000) (11,896,000) (30,658,000)
Reinsurance premiums receivable   5,337,000 (5,337,000)
Income taxes receivable   5,073,000 (5,073,000)
Deferred policy acquisition costs, net (10,430,000) (14,605,000) (9,733,000)
Other assets (2,594,000) (2,554,000) (1,810,000)
Unpaid losses and loss adjustment expenses 32,253,000 32,125,000 17,951,000
Unearned premiums 61,358,000 124,893,000 78,578,000
Reinsurance payable 43,097,000 (12,478,000) 20,604,000
Income taxes payable (10,716,000) 10,003,000 (1,100,000)
Accrued compensation 1,863,000 (63,000) 504,000
Advance premiums 6,995,000 1,314,000 3,824,000
Other liabilities (15,524,000) 23,075,000 7,967,000
Net cash provided by operating activities 153,860,000 194,196,000 105,051,000
INVESTING ACTIVITIES      
Proceeds from sales and maturities of investments available for sale 151,307,000 38,738,000 7,424,000
Purchases of investments available for sale (237,946,000) (231,070,000) (126,971,000)
Proceeds from sale of investment in mortgage loan 6,849,000 (786,000) (6,063,000)
Acquisition of a business (6,000,000)    
Cost of property and equipment acquired (1,174,000) (6,929,000) (10,884,000)
Net cash used in investing activities (86,964,000) (200,047,000) (136,494,000)
FINANCING ACTIVITIES      
Proceeds from issuance of equity and redeemable shares   88,000 33,630,000
Proceeds from issuance of equity from initial public offering, net of discount fee and expense   78,670,000  
Proceeds from exercise of stock options and warrants 8,900,000 22,515,000  
Repayment on note payable to bank     (1,000,000)
Net cash provided by financing activities 8,900,000 101,273,000 32,630,000
Increase in cash and cash equivalents 75,796,000 95,422,000 1,187,000
Cash and cash equivalents at beginning of period 160,481,000 65,059,000 63,872,000
Cash and cash equivalents at end of period 236,277,000 160,481,000 65,059,000
Supplemental Cash Flows Information:      
Interest paid     16,000
Income taxes paid, net 68,824,000 13,038,000 $ 28,314,000
Temporary equity reclassified to equity   $ 20,921,000  
Supplemental Disclosure of Non-Cash Investing Activities      
Issuance of shares for consideration in the acquisition of a business $ 2,000,000