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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Gross written premiums $ 881,868 $ 535,175 $ 354,360
Ceded written premiums (524,575) (223,443) (155,102)
Net written premiums 357,293 311,732 199,258
Change in unearned premiums (40,827) (77,906) (44,190)
Net earned premiums 316,466 233,826 155,068
Net investment income 13,877 9,080 8,612
Net realized and unrealized (losses) gains on investments (7,529) 1,277 1,488
Commission and other income 4,272 3,608 3,295
Total revenues 327,086 247,791 168,463
Expenses:      
Losses and loss adjustment expenses 78,672 41,457 64,115
Acquisition expenses 110,771 95,433 64,041
Other underwriting expenses 69,219 53,723 34,084
Interest expense 873 40  
Total expenses 259,535 190,653 162,240
Income before income taxes 67,551 57,138 6,223
Income tax expense (benefit) 15,381 11,291 (34)
Net income 52,170 45,847 6,257
Other comprehensive income, net:      
Net unrealized (losses) gains on securities available for sale (41,827) (7,934) 8,560
Total comprehensive income $ 10,343 $ 37,913 $ 14,817
Per Share Data:      
Basic earnings per share $ 2.07 $ 1.80 $ 0.25
Diluted earnings per share $ 2.02 $ 1.76 $ 0.24
Weighted-average common shares outstanding:      
Basic (in shares) 25,243,397 25,459,514 24,872,251
Diluted (in shares) 25,796,008 26,111,904 25,598,647