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Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Gross written premiums $ 218,689 $ 129,359 $ 389,623 $ 232,936
Ceded written premiums (122,627) (51,568) (212,179) (94,932)
Net written premiums 96,062 77,791 177,444 138,004
Change in unearned premiums (15,797) (23,576) (21,147) (36,736)
Net earned premiums 80,265 54,215 156,297 101,268
Net investment income 3,140 2,194 5,719 4,413
Net realized and unrealized gains (losses) on investments (4,735) 300 (6,014) (439)
Commission and other income 990 1,006 1,767 1,717
Total revenues 79,660 57,715 157,769 106,959
Expenses:        
Losses and loss adjustment expenses 14,398 7,235 29,351 2,813
Acquisition expenses 28,663 22,424 56,718 41,737
Other underwriting expenses 18,195 12,539 34,119 26,786
Interest expense 111   204  
Total expenses 61,367 42,198 120,392 71,336
Income before income taxes 18,293 15,517 37,377 35,623
Income tax expense 3,704 3,177 8,251 6,653
Net income 14,589 12,340 29,126 28,970
Other comprehensive income (loss), net:        
Net unrealized gains (losses) on securities available for sale for the three and six months ended June 30, 2022 and 2021, respectively (14,065) 2,710 (32,528) (3,489)
Net comprehensive income (loss) $ 524 $ 15,050 $ (3,402) $ 25,481
Per Share Data:        
Basic earnings per share $ 0.58 $ 0.48 $ 1.15 $ 1.14
Diluted earnings per share $ 0.57 $ 0.47 $ 1.13 $ 1.11
Weighted-average common shares outstanding:        
Basic 25,211,924 25,479,561 25,283,222 25,515,893
Diluted 25,746,780 26,104,880 25,817,442 26,181,206