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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Gross written premiums $ 1,470,735 $ 1,166,773 $ 1,081,905
Ceded written premiums (574,585) (404,101) (315,279)
Net written premiums 896,150 762,672 766,626
Change in net unearned premiums (72,404) 52,726 (25,517)
Net earned premiums 823,746 815,398 741,109
Net investment income 75,652 61,256 61,119
Net realized and unrealized losses on investments (2,919) (5,479) (1,989)
Other income 10,646 14,424 17,386
Total revenues 907,125 885,599 817,625
Expenses:      
Losses and loss adjustment expenses 672,102 600,276 555,377
Other operating expenses 170,908 201,035 196,993
Other expenses 1,055 1,300 539
Interest expense 10,596 11,553 8,974
Amortization of intangible assets 597 597 597
Total expenses 855,258 814,761 762,480
Income before income taxes 51,867 70,838 55,145
Income tax expense (benefit):      
Current 18,453 12,867 11,943
Deferred (4,925) (5,859) (364)
Total income tax expense 13,528 7,008 11,579
Net income 38,339 63,830 43,566
Other comprehensive income (losses):      
Net unrealized gains (losses), net of taxes of $3,358 in 2019, $(444) in 2018, and $2,707 in 2017 46,942 (22,203) 9,219
Total comprehensive income $ 85,281 $ 41,627 $ 52,785
Per share data:      
Basic earnings per share (in dollars per share) $ 1.27 $ 2.14 $ 1.48
Diluted earnings per share (in dollars per share) 1.25 2.11 1.44
Dividend declared per share (in dollars per share) $ 1.20 $ 1.20 $ 1.70
Weighted-average common shares outstanding:      
Basic (in shares) 30,275,184 29,887,990 29,461,717
Diluted (in shares) 30,673,924 30,307,101 30,273,149