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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Gross written premiums $ 69,981 $ 57,753 $ 133,828 $ 110,615
Ceded written premiums (9,090) (7,980) (17,846) (16,680)
Net written premiums 60,891 49,773 115,982 93,935
Change in unearned premiums (9,998) (6,721) (17,028) (10,450)
Net earned premiums 50,893 43,052 98,954 83,485
Net investment income 3,782 2,432 7,011 4,718
Net unrealized gains (losses) on equity securities 94 0 (1,185) 0
Realized gains (losses) on investments 174 24 286 (8)
Other income 4 0 7 0
Total revenues 54,947 45,508 105,073 88,195
Expenses:        
Losses and loss adjustment expenses 29,967 21,859 58,866 43,966
Underwriting, acquisition and insurance expenses 12,519 10,492 24,917 21,786
Other expenses 0 402 14 402
Total expenses 42,486 32,753 83,797 66,154
Income before income taxes 12,461 12,755 21,276 22,041
Total income tax expense 2,349 4,260 3,877 7,265
Net income 10,112 8,495 17,399 14,776
Other comprehensive income (loss):        
Change in unrealized (losses) gains on available-for-sale investments, net of taxes of ($270) and ($1,561) in 2018 and $1,171 and $1,748 in 2017 (1,016) 2,174 (5,872) 3,247
Total comprehensive income $ 9,096 $ 10,669 $ 11,527 $ 18,023
Earnings per share:        
Basic $ 0.48 $ 0.41 $ 0.83 $ 0.70
Diluted $ 0.47 $ 0.40 $ 0.80 $ 0.69
Weighted average shares outstanding        
Basic 21,070 20,969 21,058 20,969
Diluted 21,666 21,457 21,648 21,425
Cash dividends declared per share $ 0.07 $ 0.06 $ 0.14 $ 0.12