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Quarterly Results for 2015 and 2014 (Tables)
12 Months Ended
Dec. 31, 2015
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, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net premiums earned

 

$

94,360

 

 

$

112,888

 

 

$

146,153

 

 

$

150,598

 

Investment income

 

 

862

 

 

 

1,207

 

 

 

1,307

 

 

 

1,779

 

Total revenues

 

 

103,810

 

 

 

123,591

 

 

 

157,043

 

 

 

162,100

 

Total expenses

 

 

65,787

 

 

 

82,371

 

 

 

109,143

 

 

 

114,220

 

Net income

 

 

22,330

 

 

 

24,704

 

 

 

30,298

 

 

 

29,152

 

Basic earnings per share

 

$

0.65

 

 

$

0.71

 

 

$

0.87

 

 

$

0.84

 

Diluted earnings per share

 

$

0.62

 

 

$

0.69

 

 

$

0.84

 

 

$

0.82

 

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