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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Net premiums earned $ 98,717 $ 73,868
Net investment income 8,104 7,383
Net realized investment losses (72) (187)
Other revenues 900 42
Total revenues 107,649 81,106
Expenses    
Insurance claims and claim expenses 5,697 2,743
Underwriting and operating expenses 32,277 30,800
Service expenses 734 49
Interest expense 2,744 3,061
(Gain) loss from change in fair value of warrant liability (5,959) 5,479
Total expenses 35,493 42,132
Income before income taxes 72,156 38,974
Income tax expense 13,885 6,075
Net income $ 58,271 $ 32,899
Earnings per share    
Basic (in dollars per share) $ 0.85 $ 0.49
Diluted (in dollars per share) $ 0.74 $ 0.48
Weighted average common shares outstanding    
Basic (in shares) 68,563 66,692
Diluted (in shares) 70,401 68,996
Comprehensive income:    
Net income $ 58,271 $ 32,899
Other comprehensive (loss) income, net of tax:    
Unrealized (losses) gains in accumulated other comprehensive income, net of tax (benefit) expense of ($3,424) and $3,953 for the quarters ended March 31, 2020 and 2019, respectively (12,881) 14,868
Reclassification adjustment for realized losses included in net income, net of tax (benefit) of ($15) and ($39) for the quarters ended March 31, 2020 and 2019, respectively 57 148
Other comprehensive (loss) income, net of tax (12,824) 15,016
Comprehensive income $ 45,447 $ 47,915