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Quarterly Results for 2023 and 2022 (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2023
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, 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