XML 75 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Gross written premiums $ 283,841 $ 327,334
Ceded written premiums (149,187) (119,593)
Net written premiums 134,654 207,741
Change in net unearned premiums 11,264 (17,589)
Net earned premiums 145,918 190,152
Net investment income 20,836 19,431
Net realized and unrealized (losses) gains on investments (58,407) 1,625
Other income 1,937 2,919
Total revenues 110,284 214,127
Expenses    
Losses and loss adjustment expenses 96,856 139,927
Other operating expenses 51,621 45,752
Interest expense 2,876 2,808
Amortization of intangible assets 149 149
Total expenses 151,502 188,636
(Loss) income before taxes (41,218) 25,491
Income tax (benefit) expense (4,403) 2,763
Net (loss) income (36,815) 22,728
Other comprehensive (loss) income:    
Net unrealized (losses) gains, net of taxes of $(1,391) in 2020 and $1,446 in 2019 (3,919) 20,260
Total comprehensive (loss) income $ (40,734) $ 42,988
Per share data:    
Basic (loss) earnings per share (in dollars per share) $ (1.21) $ 0.76
Diluted (loss) earnings per share (in dollars per share) (1.21) 0.75
Dividend declared per share (in dollars per share) $ 0.30 $ 0.30
Weighted-average common shares outstanding:    
Basic (in shares) 30,476,307 30,059,398
Diluted (in shares) 30,476,307 30,472,304