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Quarterly Results for 2016 and 2015 (Tables)
12 Months Ended
Dec. 31, 2016
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, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Premiums earned, net

 

$

152,448

 

 

$

156,461

 

 

$

159,534

 

 

$

163,973

 

Investment income

 

 

1,605

 

 

 

2,142

 

 

 

2,304

 

 

 

3,489

 

Total revenues

 

 

164,446

 

 

 

169,802

 

 

 

172,436

 

 

 

178,605

 

Total expenses

 

 

123,347

 

 

 

114,908

 

 

 

128,273

 

 

 

155,878

 

Net income

 

 

25,226

 

 

 

33,647

 

 

 

26,882

 

 

 

13,655

 

Basic earnings per share

 

$

0.73

 

 

$

0.96

 

 

$

0.77

 

 

$

0.39

 

Diluted earnings per share

 

$

0.71

 

 

$

0.94

 

 

$

0.75

 

 

$

0.38

 

For the Year Ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Premiums earned, net

 

$

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