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Quarterly Results for 2014 and 2013 (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results for the Periods Presented

The following table provides a summary of quarterly results for the periods presented (in thousands except per share data):

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

For the year ended December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net premiums earned

 

$

63,807

 

 

$

73,362

 

 

$

94,288

 

 

$

95,420

 

Investment income

 

 

518

 

 

 

412

 

 

 

644

 

 

 

801

 

Total revenues

 

 

74,305

 

 

 

86,989

 

 

 

103,500

 

 

 

104,482

 

Total expenses

 

 

51,188

 

 

 

56,580

 

 

 

66,348

 

 

 

67,556

 

Net income

 

 

13,549

 

 

 

17,126

 

 

 

21,341

 

 

 

20,972

 

Basic earnings per share

 

$

0.41

 

 

$

0.50

 

 

$

0.64

 

 

$

0.63

 

Diluted earnings per share

 

$

0.38

 

 

$

0.49

 

 

$

0.61

 

 

$

0.59

 

For the year ended December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net premiums earned

 

$

65,409

 

 

$

66,867

 

 

$

68,927

 

 

$

66,452

 

Investment income

 

 

12

 

 

 

137

 

 

 

382

 

 

 

1,397

 

Total revenues

 

 

67,455

 

 

 

77,756

 

 

 

78,368

 

 

 

77,580

 

Total expenses

 

 

47,693

 

 

 

48,068

 

 

 

53,255

 

 

 

51,587

 

Net income

 

 

11,959

 

 

 

17,029

 

 

 

14,407

 

 

 

15,582

 

Basic earnings per share

 

$

0.30

 

 

$

0.47

 

 

$

0.43

 

 

$

0.46

 

Diluted earnings per share

 

$

0.29

 

 

$

0.44

 

 

$

0.40

 

 

$

0.44