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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income $ 52,170 $ 45,847 $ 6,257
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 11,624 5,584 2,167
Depreciation and amortization expense 4,115 3,544 1,336
Allowance for credit loss on fixed maturity securities 236 106  
Net realized and unrealized losses (gains) on investments 7,529 (1,277) (1,488)
Amortization of premium on fixed maturity securities 1,607 2,317 1,214
Deferred income tax expense (3,519) 641 1,094
Changes in operating assets and liabilities:      
Accrued investment income (1,052) (180) (1,159)
Premium receivable (74,846) (39,170) (12,754)
Deferred policy acquisition costs (787) (20,472) (10,280)
Reinsurance recoverables (36,298) (52,587) (87,473)
Ceded unearned premiums (145,768) (23,284) (8,926)
Prepaid expenses and other assets (4,017) 591 (16,414)
Accounts payable and other accrued liabilities 5,426 (946) 5,998
Reserve for losses and loss adjustment expenses 58,049 44,330 112,215
Unearned premiums 186,649 101,176 53,116
Ceded premiums payable 108,667 15,227 10,850
Funds held under reinsurance treaty (202) 6,367 2,857
Income taxes payable     (1,117)
Net cash provided by operating activities 169,583 87,814 57,493
Investing activities      
Purchases of property and equipment (313) (18) (132)
Capitalized software costs (5,623) (4,836) (3,942)
Purchases of fixed maturity securities (382,114) (166,894) (295,002)
Purchases of equity securities (10,518) (49,680) (46,944)
Sales and maturities of fixed maturity securities 242,726 120,198 124,243
Sales of equity securities   41,553 45,983
Securities receivable or payable, net (950) 1,500 (2,523)
Purchase of policy renewal rights (15) (11) (7,068)
Net cash used in investing activities (156,807) (58,188) (185,385)
Financing activities      
Proceeds from line of credit 36,400    
Proceeds from common stock issued via employee stock purchase plan 760 719 741
Proceeds from common stock issued via stock option exercises 2,272 2,092 2,041
Repurchase of common stock (34,415) (15,852)  
Net cash provided by (used in) financing activities 5,017 (13,041) 128,329
Net increase in cash, cash equivalents and restricted cash 17,793 16,585 437
Cash, cash equivalents and restricted cash at beginning of period 50,371 33,786 33,349
Cash, cash equivalents and restricted cash at end of period 68,164 50,371 33,786
Supplementary cash flow information:      
Cash paid for income taxes 18,890 $ 2,104 7,182
Cash paid for interest $ 704    
Stock Issued in January      
Financing activities      
Proceeds from stock offerings, net of offering costs     35,464
Stock Issued in June      
Financing activities      
Proceeds from stock offerings, net of offering costs     $ 90,083