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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:      
Net premiums earned $ 445,515 $ 447,288 $ 432,880
Net investment income 25,422 26,249 22,048
Commissions and other income 7,048 9,171 9,932
Net realized gains (losses) on investments, excluding impairment losses (6,876) 2,455 (6,632)
Impairment losses on investments (2,861) (497) (19)
Net unrealized gains (losses) on equity securities and limited partnership investments 501 10,931 (19,040)
Net realized and unrealized gains (losses) on investments (9,236) 12,889 (25,691)
Total revenues 468,749 495,597 439,169
Expenses:      
Losses and loss expenses incurred 318,958 348,468 345,864
Other operating expenses 143,428 138,456 137,177
Total expenses 462,386 486,924 483,041
Income (loss) before federal income tax expense (benefit) 6,363 8,673 (43,872)
Federal income tax expense (benefit) 1,900 1,326 (9,797)
Net income (loss) $ 4,463 $ 7,347 $ (34,075)
Net income (loss) per share:      
Basic (in dollars per share) $ 0.32 $ 0.51 $ (2.28)
Diluted (in dollars per share) $ 0.31 $ 0.50 $ (2.28)
Weighted average number of shares outstanding:      
Basic (in shares) 14,140,178 14,520,815 14,964,812
Dilutive effect of share equivalents (in shares) 129,806 99,118 0
Diluted (in shares) 14,269,984 14,619,933 14,964,812