XML 19 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Gross written premiums $ 223,191 $ 188,478 $ 177,009
Ceded written premiums (33,719) (21,214) (92,991)
Net written premiums 189,472 167,264 84,018
Change in unearned premiums (13,419) (33,448) (9,696)
Net earned premiums 176,053 133,816 74,322
Net investment income 10,569 7,487 5,643
Net investment gains (losses):      
Net realized investment gains, excluding other-than-temporary impairment losses 151 452 59
Other-than-temporary impairment losses 0 (276) 0
Net investment gains 151 176 59
Other income 3 136 572
Total revenues 186,776 141,615 80,596
Expenses:      
Losses and loss adjustment expenses 103,680 70,961 42,238
Underwriting, acquisition and insurance expenses 44,146 28,551 2,809
Other expenses 429 2,567 1,992
Total expenses 148,255 102,079 47,039
Income before income taxes 38,521 39,536 33,557
Income tax expense (benefit) 13,620 13,369 11,284
Net income 24,901 26,167 22,273
Other comprehensive income (loss):      
Unrealized gains (losses), net of taxes of $3,047 in 2017, $(344) in 2016, and $(841) in 2015 6,384 (640) (1,563)
Total comprehensive income $ 31,285 $ 25,527 $ 20,710
Common Stock [Member]      
Earnings per share:      
Earnings per share - basic (in dollars per share) $ 1.19 $ 0.57 $ 0.00
Earnings per share - diluted (in dollars per share) $ 1.16 $ 0.56 $ 0.00
Weighted-average common shares outstanding:      
Basic weighted average shares outstanding (in shares) 20,992 20,841 0
Diluted weighed average shares outstanding (in shares) 21,498 21,073 0
Class A Common Stock [Member]      
Earnings per share:      
Earnings per share - basic (in dollars per share) $ 0.00 $ 0.98 $ 1.53
Earnings per share - diluted (in dollars per share) $ 0.00 $ 0.98 $ 1.53
Weighted-average common shares outstanding:      
Basic weighted average shares outstanding (in shares) 0 13,844 13,796
Diluted weighed average shares outstanding (in shares) 0 13,844 13,796
Class B Common Stock [Member]      
Earnings per share:      
Earnings per share - basic (in dollars per share) $ 0.00 $ 0.48 $ 0.84
Earnings per share - diluted (in dollars per share) $ 0.00 $ 0.46 $ 0.81
Weighted-average common shares outstanding:      
Basic weighted average shares outstanding (in shares) 0 1,574 1,413
Diluted weighed average shares outstanding (in shares) 0 1,644 1,452