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Quarterly Results for 2018 and 2017 (Tables)
12 Months Ended
Dec. 31, 2018
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
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
For the Year Ended December 31, 2018
 
 
 
 
 
 
 
 
Premiums earned, net
 
$
182,577

 
$
192,272

 
$
188,938

 
$
204,595

Net investment income
 
4,785

 
5,786

 
6,642

 
7,603

Total revenues
 
191,500

 
209,788

 
206,155

 
216,373

Total expenses
 
139,801

 
148,540

 
154,988

 
227,614

Net income (loss)
 
40,055

 
46,084

 
37,380

 
(6,468
)
Basic earnings (loss) per share
 
$
1.15

 
$
1.32

 
$
1.07

 
$
(0.19
)
Diluted earnings (loss) per share
 
$
1.12

 
$
1.29

 
$
1.04

 
$
(0.18
)
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2017
 
 
 
 
 
 
 
 
Premiums earned, net
 
$
161,559

 
$
169,009

 
$
174,517

 
$
183,708

Investment income
 
2,704

 
3,223

 
3,085

 
4,448

Total revenues
 
174,874

 
185,487

 
190,243

 
201,312

Total expenses
 
127,503

 
137,564

 
173,644

 
142,721

Net income (loss)
 
31,199

 
29,376

 
9,964

 
36,396

Basic earnings per share
 
$
0.89

 
$
0.84

 
$
0.29

 
$
1.05

Diluted earnings per share
 
$
0.86

 
$
0.82

 
$
0.28

 
$
1.03