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Condensed Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Gross written premiums $ 346,599 $ 311,852 $ 1,100,000 $ 897,332
Ceded written premiums (188,389) (166,693) (573,587) (451,762)
Net written premiums 158,210 145,159 526,413 445,570
Change in net unearned premiums 12,398 7,803 (22,507) 2,125
Net earned premiums 170,608 152,962 503,906 447,695
Net investment income 15,289 14,959 44,726 51,145
Net realized and unrealized gains (losses) on investments 3,983 8,929 13,738 (27,885)
Other income 1,113 615 3,170 3,543
Total revenues 190,993 177,465 565,540 474,498
Expenses        
Losses and loss adjustment expenses 166,078 106,155 549,578 301,757
Other operating expenses 43,193 38,224 136,414 133,242
Other expenses 706 60 2,231 1,792
Interest expense 2,227 2,129 6,692 7,970
Amortization of intangible assets 90 149 272 447
Total expenses 212,294 146,717 695,187 445,208
(Loss) income before taxes (21,301) 30,748 (129,647) 29,290
Income tax expense (benefit) 2,588 4,465 (23,141) 4,208
Net (loss) income (23,889) 26,283 (106,506) 25,082
Other comprehensive (loss) income:        
Net unrealized (losses) gains, net of taxes of $(1,882) and $(5,517) in 2021 and $849 and $6,384 in 2020 (11,459) 5,039 (38,789) 47,433
Total comprehensive (loss) income $ (35,348) $ 31,322 $ (145,295) $ 72,515
Per share data:        
Basic (loss) earnings per share (in dollars per share) $ (0.64) $ 0.86 $ (3.12) $ 0.82
Diluted (loss) earnings per share (in dollars per share) (0.64) 0.85 (3.12) 0.81
Dividend declared per share (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90
Weighted-average common shares outstanding:        
Basic (in shares) 37,278,469 30,582,540 34,161,022 30,529,557
Diluted (in shares) 37,278,469 30,946,843 34,161,022 30,838,595