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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES    
Premiums earned (affiliated $166,747 and $154,246) $ 167,302 $ 155,786
Net investment income 12,763 11,371
Net realized investment gains/losses and change in unrealized gains on equity investments 22,643 (5,393)
Other income (affiliated $1,456 and $1,581) 1,535 1,615
Total revenues 204,243 163,379
LOSSES AND EXPENSES    
Losses and settlement expenses (affiliated $102,691 and $110,570) 104,969 110,628
Dividends to policyholders (all affiliated) 2,771 2,120
Amortization of deferred policy acquisition costs (affiliated $29,892 and $26,917) 29,970 27,292
Other underwriting expenses (affiliated $22,715 and $22,920) 22,592 22,855
Interest expense (all affiliated) 171 142
Other expenses (affiliated $645 and $498) 1,485 870
Total losses and expenses 161,958 163,907
Income (loss) before income tax expense (benefit) 42,285 (528)
INCOME TAX EXPENSE (BENEFIT)    
Current 4,259 1,206
Deferred 4,495 (1,658)
Total income tax expense (benefit) 8,754 (452)
Net income (loss) $ 33,531 $ (76)
Net income (loss) per common share - basic and diluted $ 1.55 $ 0.00
Dividend per common share $ 0.23 $ 0.22
Average number of common shares outstanding - basic and diluted (in shares) 21,638,588 21,501,897