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Condensed Consolidated Statements of (Loss) Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Gross written premiums $ 388,228 $ 279,969 $ 1,095,565 $ 871,463
Ceded written premiums (164,359) (106,528) (424,045) (298,438)
Net written premiums 223,869 173,441 671,520 573,025
Change in net unearned premiums (10,495) 31,249 (68,880) 40,817
Net earned premiums 213,374 204,690 602,640 613,842
Net investment income 17,878 16,410 54,844 45,801
Net realized and unrealized (losses) gains on investments (2,357) 467 331 (407)
Other income 2,579 3,125 8,160 11,841
Total revenues 231,474 224,692 665,975 671,077
Expenses        
Losses and loss adjustment expenses 214,084 150,387 501,064 448,754
Other operating expenses 41,692 49,180 132,287 155,714
Other expenses 372 (131) 1,055 (34)
Interest expense 2,594 2,991 8,086 8,459
Amortization of intangible assets 149 149 447 447
Total expenses 258,891 202,576 642,939 613,340
(Loss) income before taxes (27,417) 22,116 23,036 57,737
Income tax (benefit) expense (2,250) 2,535 5,168 5,539
Net (loss) income (25,167) 19,581 17,868 52,198
Other comprehensive income (loss):        
Net unrealized gains (losses), net of taxes of $638 and $3,949 in 2019 and $(407) and $(1,134) in 2018 9,457 (4,389) 50,449 (29,494)
Total comprehensive (loss) income $ (15,710) $ 15,192 $ 68,317 $ 22,704
Per share data:        
Basic earnings (loss) per share (in dollars per share) $ (0.83) $ 0.65 $ 0.59 $ 1.75
Diluted earnings (loss) per share (in dollars per share) (0.83) 0.64 0.58 1.72
Dividend declared per share (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90
Weighted-average common shares outstanding:        
Basic (in shares) 30,382,105 29,935,216 30,230,490 29,861,467
Diluted (in shares) 30,382,105 30,380,145 30,659,389 30,290,183