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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES        
Premiums earned (affiliated $166,747 and $154,246) $ 168,133 $ 157,946 $ 335,435 $ 313,732
Net investment income 12,951 11,778 25,714 23,149
Net realized investment gains/losses and change in unrealized gains on equity investments 4,258 (5,860) 26,901 (11,253)
Other income (affiliated $1,456 and $1,581) 1,557 2,773 3,092 4,388
Total revenues 186,899 166,637 391,142 330,016
LOSSES AND EXPENSES        
Losses and settlement expenses (affiliated $102,691 and $110,570) 122,517 119,091 227,486 229,719
Dividends to policyholders (all affiliated) 3,384 2,386 6,155 4,506
Amortization of deferred policy acquisition costs (affiliated $29,892 and $26,917) 32,684 29,429 62,654 56,721
Other underwriting expenses (affiliated $22,715 and $22,920) 23,715 22,451 46,307 45,306
Interest expense (all affiliated) 170 171 341 313
Other expenses (affiliated $645 and $498) 2,788 831 4,273 1,701
Total losses and expenses 185,258 174,359 347,216 338,266
Income (loss) before income tax expense (benefit) 1,641 (7,722) 43,926 (8,250)
INCOME TAX EXPENSE (BENEFIT)        
Current 1,540 (3,311) 5,799 (2,105)
Deferred (1,184) 584 3,311 (1,074)
Total income tax expense (benefit) 356 (2,727) 9,110 (3,179)
Net income (loss) $ 1,285 $ (4,995) $ 34,816 $ (5,071)
Net income (loss) per common share - basic and diluted $ 0.06 $ (0.24) $ 1.61 $ (0.24)
Dividend per common share $ 0.23 $ 0.22 $ 0.46 $ 0.44
Average number of common shares outstanding - basic and diluted (in shares) 21,670,297 21,529,727   21,515,812