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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Gross premiums written $ 74,940 $ 70,840 $ 231,442 $ 225,031
Ceded premiums written (3,951) (4,112) (11,904) (12,256)
Net premiums written 70,989 66,728 219,538 212,775
Net premiums earned 67,050 66,634 204,129 201,413
Net investment income 7,485 8,105 22,298 23,262
Net realized gains (losses) on investments 158 5,133 (181) 5,466
Net unrealized gains (losses) on equity securities 3,873 (7,309) 8,591 (3,892)
Fee and other income 129 77 177 488
Total revenues 78,695 72,640 235,014 226,737
Expenses        
Loss and loss adjustment expenses incurred 39,150 37,154 119,765 111,808
Underwriting and certain other operating costs 7,866 9,494 20,450 22,077
Commissions 5,639 5,975 17,438 17,623
Salaries and benefits 7,747 6,902 22,491 19,625
Policyholder dividends 513 804 2,634 2,225
Provision for investment related credit loss benefit (13) (16) (46) (51)
Total expenses 60,902 60,313 182,732 173,307
Income before income taxes 17,793 12,327 52,282 53,430
Income tax expense 3,469 2,366 10,040 10,503
Net income $ 14,324 $ 9,961 $ 42,242 $ 42,927
Earnings per share        
Basic $ 0.75 $ 0.52 $ 2.21 $ 2.24
Diluted $ 0.75 $ 0.52 $ 2.21 $ 2.23
Shares used in computing earnings per share        
Basic 19,042,152 19,164,854 19,082,374 19,145,432
Diluted 19,113,103 19,223,588 19,156,976 19,217,606
Cash dividends declared per common share $ 0.37 $ 0.34 $ 1.11 $ 1.02