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Quarterly Results for 2023 and 2022 (Unaudited)
 12 Months Ended
Dec. 31, 2023
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results for 2023 and 2022 (Unaudited) QUARTERLY RESULTS FOR 2023 AND 2022 (UNAUDITED)
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, 2023
Premiums earned, net282,224 303,274 331,040 335,398 
Net investment income10,698 11,282 12,755 13,714 
Total revenues316,508 339,570 360,048 375,456 
Total expenses282,081 300,402 366,294 347,925 
Net income (loss)24,173 28,566 (5,915)19,999 
Basic earnings (loss) per share$0.80 $0.94 $(0.20)$0.69 
Diluted earnings (loss) per share$0.79 $0.93 $(0.20)$0.68 
For the Year Ended December 31, 2022
Premiums earned, net269,064 277,061 290,631 291,870 
Net investment income4,042 5,221 6,074 10,448 
Total revenues287,482 292,006 312,810 330,360 
Total expenses263,403 279,595 404,417 295,881 
Net income (loss)17,537 7,370 (72,275)25,111 
Basic earnings (loss) per share$0.56 $0.24 $(2.36)$0.83 
Diluted earnings (loss) per share$0.56 $0.24 $(2.36)$0.82 
Direct premiums written increased by $16.5 million, or 4.0%, to $432.6 million for the quarter ended December 31, 2023, driven by premium growth within our Florida business of $2.0 million, or 0.6%, and premium growth in our other states business of $14.6 million, or 18.6%, as compared to the prior year fourth quarter. Rate increases approved in 2022 and 2023 for Florida and for certain other states and policy inflation adjustments were the principal driver of higher written premiums, in addition to an increase in policies in force. In total, policies in force increased by 2,379 or 0.3% during the fourth quarter, and declined by 38,924 or 4.6% over the last 12 months. Expense ratio excluding interest decreased to 21.8% from 25.1%.