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Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Net premiums earned $ 111,940 $ 67,996 $ 217,402 $ 141,971
Net investment income 5,796 4,716 10,432 8,408
Commissions and other income 2,263 1,400 4,076 2,380
Net realized gains on investments, excluding impairment losses 915 2,565 1,290 3,573
Other-than-temporary impairment losses on investments 0 0 0 0
Net unrealized gains (losses) on equity securities and limited partnership investments (4,350) 731 (9,258) 6,017
Net realized and unrealized gains (losses) on investments (3,435) 3,296 (7,968) 9,590
Total revenues 116,564 77,408 223,942 162,349
Expenses        
Losses and loss expenses incurred 77,488 71,754 149,787 120,353
Other operating expenses 36,019 26,834 70,784 52,998
Total expenses 113,507 98,588 220,571 173,351
Income (loss) before federal income tax expense (benefit) 3,057 (21,180) 3,371 (11,002)
Federal income tax expense (benefit) 570 (8,837) 554 (5,414)
Net income (loss) $ 2,487 $ (12,343) $ 2,817 $ (5,588)
Per share data:        
Basic and diluted earnings (loss) (in dollars per share) $ 0.17 $ (0.82) $ 0.19 $ (0.37)
Dividends paid to shareholders (in dollars per share) $ 0.28 $ 0.27 $ 0.56 $ 0.54
Reconciliation of shares outstanding:        
Average shares outstanding - basic (in shares) 15,014 15,122 15,012 15,122
Dilutive effect of share equivalents (in shares) 9 0 9 0
Average shares outstanding - diluted (in shares) 15,023 15,122 15,021 15,122