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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Gross written premiums $ 69,546 $ 55,633 $ 203,374 $ 166,248
Ceded written premiums (11,602) (8,562) (29,448) (25,242)
Net written premiums 57,944 47,071 173,926 141,006
Change in unearned premiums (3,648) (2,041) (20,676) (12,491)
Net earned premiums 54,296 45,030 153,250 128,515
Net investment income 4,085 2,765 11,096 7,483
Net unrealized gains on equity securities 1,760 0 575 0
Realized (losses) gains on investments (6) 44 280 36
Other income 2 0 9 0
Total revenues 60,137 47,839 165,210 136,034
Expenses:        
Losses and loss adjustment expenses 32,085 31,568 90,951 75,534
Underwriting, acquisition and insurance expenses 13,850 10,989 38,767 32,775
Other expenses 107 27 121 429
Total expenses 46,042 42,584 129,839 108,738
Income before income taxes 14,095 5,255 35,371 27,296
Total income tax expense 2,155 1,054 6,032 8,319
Net income 11,940 4,201 29,339 18,977
Other comprehensive income (loss):        
Change in unrealized (losses) gains on available-for-sale investments, net of taxes of $(519) and $(2,080) in 2018 and $882 and $2,630 in 2017 (1,953) 1,639 (7,825) 4,886
Total comprehensive income $ 9,987 $ 5,840 $ 21,514 $ 23,863
Earnings per share:        
Basic $ 0.57 $ 0.20 $ 1.39 $ 0.90
Diluted $ 0.55 $ 0.20 $ 1.35 $ 0.88
Weighted average shares outstanding        
Basic 21,102 20,995 21,073 20,978
Diluted 21,721 21,520 21,671 21,461
Cash dividends declared per share $ 0.07 $ 0.06 $ 0.21 $ 0.18