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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Gross written premiums $ 63,847 $ 52,862
Ceded written premiums (8,756) (8,700)
Net written premiums 55,091 44,162
Change in unearned premiums (7,030) (3,729)
Net earned premiums 48,061 40,433
Net investment income 3,229 2,286
Net unrealized loss on equity securities (1,279) 0
Realized gains (losses) on investments 112 (32)
Other income 3 0
Total revenues 50,126 42,687
Expenses:    
Losses and loss adjustment expenses 28,899 22,107
Underwriting, acquisition and insurance expenses 12,398 11,294
Other expenses 14 0
Total expenses 41,311 33,401
Income before income taxes 8,815 9,286
Total income tax expense 1,528 3,005
Net income 7,287 6,281
Other comprehensive income:    
Change in unrealized (losses) gains on available-for-sale investments, net of taxes of ($1,291) in 2018 and $577 in 2017 (4,856) 1,073
Total comprehensive income $ 2,431 $ 7,354
Earnings per share:    
Basic $ 0.35 $ 0.30
Diluted $ 0.34 $ 0.29
Weighted average shares outstanding    
Basic 21,045 20,969
Diluted 21,628 21,389
Cash dividends declared per share $ 0.07 $ 0.06