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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Gross written premiums $ 84,626 $ 63,847
Ceded written premiums (11,559) (8,756)
Net written premiums 73,067 55,091
Change in unearned premiums (11,576) (7,030)
Net earned premiums 61,491 48,061
Net investment income 4,515 3,229
Net unrealized gains (losses) on equity securities 5,895 (1,279)
Realized gains on investments 280 112
Other income 4 3
Total revenues 72,185 50,126
Expenses:    
Losses and loss adjustment expenses 33,732 28,899
Underwriting, acquisition and insurance expenses 15,616 12,398
Other expenses 36 14
Total expenses 49,384 41,311
Income before income taxes 22,801 8,815
Total income tax expense 4,081 1,528
Net income 18,720 7,287
Other comprehensive income (loss):    
Change in unrealized gains (losses) on available-for-sale investments, net of taxes of $1,802 in 2019 and $(1,291) in 2018 6,780 (4,856)
Total comprehensive income $ 25,500 $ 2,431
Earnings per share:    
Basic $ 0.88 $ 0.35
Diluted $ 0.86 $ 0.34
Weighted average shares outstanding    
Basic 21,169 21,045
Diluted 21,763 21,628