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Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Gross written premiums $ 152,332 $ 102,967 $ 385,267 $ 258,268
Ceded written premiums (58,073) (41,570) (153,005) (101,264)
Net written premiums 94,259 61,397 232,262 157,004
Change in unearned premiums (29,539) (19,377) (66,274) (40,859)
Net earned premiums 64,720 42,020 165,988 116,145
Net investment income 2,236 2,138 6,649 6,287
Net realized and unrealized gains (losses) on investments (313) 24 (752) 1,243
Commission and other income 1,018 816 2,735 2,492
Total revenues 67,661 44,998 174,620 126,167
Expenses:        
Losses and loss adjustment expenses 28,475 41,060 31,288 46,901
Acquisition expenses 26,412 17,976 68,150 45,909
Other underwriting expenses 12,652 7,805 39,438 24,732
Total expenses 67,539 66,841 138,876 117,542
Income (loss) before income taxes 122 (21,843) 35,744 8,625
Income tax expense (124) (6,158) 6,529 523
Net income (loss) 246 (15,685) 29,215 8,102
Other comprehensive income, net:        
Net unrealized gains (losses) on securities available for sale for the three and nine months ended September 30, 2021 and 2020, respectively (1,655) 909 (5,144) 5,752
Net comprehensive income (loss) $ (1,409) $ (14,776) $ 24,071 $ 13,854
Per Share Data:        
Basic earnings per share $ 0.01 $ (0.62) $ 1.15 $ 0.33
Diluted earnings per share $ 0.01 $ (0.62) $ 1.12 $ 0.32
Weighted-average common shares outstanding:        
Basic 25,388,630 25,492,274 25,473,006 24,654,722
Diluted 26,043,680 25,492,274 26,133,664 25,384,518