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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Gross written premiums $ 281,475 $ 170,671 $ 505,654 $ 303,742
Ceded written premiums (73,651) (37,613) (139,920) (63,783)
Net written premiums 207,824 133,058 365,734 239,959
Change in net unearned premiums (23,747) (14,503) (26,970) (4,274)
Net earned premiums 184,077 118,555 338,764 235,685
Net investment income 13,714 11,553 30,447 22,825
Net realized investment gains 307 1,619 1,354 2,166
Other income 4,296 2,784 8,231 5,164
Total revenues 202,394 134,511 378,796 265,840
Expenses        
Losses and loss adjustment expenses 131,084 76,659 236,453 150,165
Other operating expenses 53,036 39,974 101,929 81,153
Other expenses 346 91 232 79
Interest expense 2,224 2,041 4,347 4,215
Amortization of intangible assets 149 149 298 298
Total expenses 186,839 118,914 343,259 235,910
Income before taxes 15,555 15,597 35,537 29,930
Income tax expense 1,014 1,001 2,546 2,497
Net income 14,541 14,596 32,991 27,433
Other comprehensive income:        
Net unrealized gains, net of taxes of $1,157 and $2,671 in 2017 and $1,987 and $2,644 in 2016 6,708 12,792 10,742 28,412
Total comprehensive income $ 21,249 $ 27,388 $ 43,733 $ 55,845
Per share data:        
Basic earnings per share (in dollars per share) $ 0.49 $ 0.50 $ 1.12 $ 0.95
Diluted earnings per share (in dollars per share) 0.48 0.49 1.09 0.92
Dividend declared per share (in dollars per share) $ 0.30 $ 0.20 $ 0.60 $ 0.40
Weighted-average common shares outstanding:        
Basic (in shares) 29,406,877 29,035,512 29,348,557 28,994,260
Diluted (in shares) 30,307,099 29,825,914 30,317,585 29,784,083