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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Earned premiums, net $ 237,877 $ 175,026 $ 662,234 $ 498,903
Service and administrative fees 83,423 69,664 232,883 191,414
Ceding commissions 4,023 2,722 9,886 8,827
Net investment income 3,632 3,330 10,164 9,331
Net realized and unrealized gains (losses) 17,159 14,805 50,050 120,268
Other revenue 17,364 21,058 63,007 52,237
Total revenues 363,478 286,605 1,028,224 880,980
Expenses:        
Policy and contract benefits 121,242 80,831 330,353 237,198
Commission expense 137,559 104,392 382,435 292,580
Employee compensation and benefits 38,210 48,643 142,927 147,260
Interest expense 5,503 8,657 24,837 26,890
Depreciation and amortization 5,549 6,119 17,714 18,261
Other expenses 30,290 34,379 100,978 104,340
Total expenses 338,353 283,021 999,244 826,529
Income (loss) before taxes 25,125 3,584 28,980 54,451
Less: provision (benefit) for income taxes 5,068 237 31,537 11,416
Net income (loss) 20,057 3,347 (2,557) 43,035
Net income (loss) attributable to non-controlling interests 5,834 1,339 6,588 4,477
Net income (loss) attributable to common stockholders $ 14,223 $ 2,008 $ (9,145) $ 38,558
Net income (loss) per common share:        
Basic earnings per share (in dollars per share) $ 0.39 $ 0.06 $ (0.26) $ 1.15
Diluted earnings per share (in dollars per share) $ 0.38 $ 0.06 $ (0.26) $ 1.11
Weighted average number of common shares:        
Basic (in shares) 36,304,385 33,558,106 35,261,659 32,963,451
Diluted (in shares) 36,783,248 34,132,182 35,261,659 35,025,211
Dividends declared per common share (in dollars per share) $ 0.04 $ 0.04 $ 0.12 $ 0.12