XML 81 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Consolidated Statements of Operations      
Gross written premiums $ 968,011 $ 895,112 $ 836,334
Net earned premiums 807,854 730,785 609,786
Net investment income 68,897 55,971 36,196
Realized investment gains (losses), net 770 (1,557) 4,204
Other income 538 673 853
Total revenues 878,059 785,872 651,039
Expenses:      
Net losses and loss adjustment expenses incurred 501,025 434,830 393,741
Policy acquisition expenses 184,771 171,429 126,023
General and administrative expenses 105,686 100,118 87,821
Interest expense 12,795 12,377 12,125
Other expense 16,151    
Total expenses 820,428 718,754 619,710
Income from continuing operations before income taxes 57,631 67,118 31,329
Income tax provision:      
Current (185) (853) 864
Deferred 12,322 14,242 37,369
Total income tax expense 12,137 13,389 38,233
Income (loss) from continuing operations 45,494 53,729 (6,904)
Discontinued operations:      
Loss from discontinued operations before income taxes (8,718) (560) (37,768)
Income tax benefit (2,114) (1,374) (679)
(Loss) income from discontinued operations (6,604) 814 (37,089)
Net income (loss) $ 38,890 $ 54,543 $ (43,993)
Earnings per share - basic:      
Net income (loss) from continuing operations $ 1.11 $ 1.39 $ (0.18)
Net income (loss) 0.95 1.41 (1.17)
Earnings per share - diluted:      
Net income (loss) from continuing operations 1.10 1.36 (0.18)
Net income (loss) $ 0.94 $ 1.38 $ (1.17)