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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Earned premiums, net $ 146,919 $ 121,321
Service and administrative fees 58,050 43,724
Ceding commissions 3,025 6,525
Net investment income 2,767 3,488
Net realized and unrealized gains (losses) 69,371 (62,441)
Other revenue 14,556 17,054
Total revenues 294,688 129,671
Expenses:    
Policy and contract benefits 67,174 60,876
Commission expense 88,645 70,401
Employee compensation and benefits 52,924 38,501
Interest expense 9,252 7,551
Depreciation and amortization 5,934 3,863
Other expenses 31,367 30,230
Total expenses 255,296 211,422
Income (loss) before taxes 39,392 (81,751)
Total income tax expense (benefit) 8,752 (21,181)
Net income (loss) 30,640 (60,570)
Net income (loss) attributable to non-controlling interests 2,059 (563)
Net income (loss) attributable to common stockholders $ 28,581 $ (60,007)
Net income (loss) per common share:    
Basic earnings per share (in dollars per share) $ 0.86 $ (1.74)
Diluted earnings per share (in dollars per share) $ 0.81 $ (1.74)
Weighted average number of Common Shares:    
Basic (in shares) 32,420,982 34,566,330
Diluted (in shares) 36,184,019 34,566,330
Dividends declared per common share (in dollars per share) $ 0.04 $ 0.04