XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Earned premiums, net $ 208,416 $ 146,919
Service and administrative fees 71,835 58,050
Ceding commissions 2,537 3,025
Net investment income 3,167 2,767
Net realized and unrealized gains (losses) 17,204 69,371
Other revenue 21,744 14,556
Total revenues 324,903 294,688
Expenses:    
Policy and contract benefits 104,446 67,174
Commission expense 117,423 88,645
Employee compensation and benefits 56,455 52,924
Interest expense 10,199 9,252
Depreciation and amortization 6,156 5,934
Other expenses 31,176 31,367
Total expenses 325,855 255,296
Income (loss) before taxes (952) 39,392
Less: provision (benefit) for income taxes (86) 8,752
Net income (loss) (866) 30,640
Net income (loss) attributable to non-controlling interests 94 2,059
Net income (loss) attributable to common stockholders $ (960) $ 28,581
Net income (loss) per common share:    
Basic earnings per share (in dollars per share) $ (0.03) $ 0.86
Diluted earnings per share (in dollars per share) $ (0.03) $ 0.81
Weighted average number of common shares:    
Basic (in shares) 34,229,011 32,420,982
Diluted (in shares) 34,229,011 36,184,019
Dividends declared per common share (in dollars per share) $ 0.04 $ 0.04