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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue:      
Net premiums earned [1] $ 432,880 $ 328,145 $ 276,011
Net investment income 22,048 18,095 14,483
Commissions and other income 9,932 5,308 5,275
Net realized gains (losses) on investments, excluding impairment losses (6,632) 7,366 26,498
Other-than-temporary impairment losses on investments (19) (149) (5,743)
Net unrealized gains (losses) on equity securities and limited partnership investments (19,040) 12,469 2,473
Net realized and unrealized gains (losses) on investments (25,691) 19,686 23,228
Total revenues 439,169 371,234 318,997
Expenses:      
Losses and loss expenses incurred 345,864 247,518 186,481
Other operating expenses 137,177 113,594 89,462
Total expenses 483,041 361,112 275,943
Income (loss) before federal income tax expense (benefit) (43,872) 10,122 43,054
Federal income tax expense (benefit) (9,797) (8,201) 14,109
Net income (loss) $ (34,075) $ 18,323 $ 28,945
Per share data:      
Basic and diluted earnings (loss) (in dollars per share) $ (2.28) $ 1.21 $ 1.92
Dividends paid to shareholders (in dollars per share) $ 1.12 $ 1.08 $ 1.04
[1] Included in Ceded to Other Companies is $0, $0 and $86 for 2018, 2017 and 2016, respectively, relating to retrocessions associated with premiums assumed from other companies. percentage of Amount Assumed to Net above considers the impact of this retrocession.