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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Gross written premiums $ 298,116 $ 224,179
Ceded written premiums (87,138) (66,269)
Net written premiums 210,978 157,910
Change in net unearned premiums (10,036) (3,223)
Net earned premiums 200,942 154,687
Net investment income 13,256 16,733
Net realized and unrealized (losses) gains on investments (810) 1,047
Other income 4,956 3,935
Total revenues 218,344 176,402
Expenses    
Losses and loss adjustment expenses 143,772 105,369
Other operating expenses 54,783 48,893
Other expenses 4 (114)
Interest expense 2,522 2,123
Amortization of intangible assets 149 149
Total expenses 201,230 156,420
Income before taxes 17,114 19,982
Income tax expense 1,481 1,532
Net income 15,633 18,450
Other comprehensive (loss) income:    
Net unrealized (losses) gains, net of taxes of $(544) in 2018 and $1,514 in 2017 (18,547) 4,034
Total comprehensive (loss) income $ (2,914) $ 22,484
Per share data:    
Basic earnings per share (in dollars per share) $ 0.53 $ 0.63
Diluted earnings per share (in dollars per share) 0.52 0.61
Dividend declared per share (in dollars per share) $ 0.30 $ 0.30
Weighted-average common shares outstanding:    
Basic (in shares) 29,764,320 29,289,588
Diluted (in shares) 30,193,303 30,327,423