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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUE:    
Gross premiums written $ 311,638 $ 335,183
Change in gross unearned premiums 45,025 9,436
Gross premiums earned 356,663 344,619
Ceded premiums earned (210,714) (153,023)
Net premiums earned 145,949 191,596
Investment Income, Net 3,583 6,917
Net realized gains (losses) 503 (68)
Unrealized Gain (Loss) on Securities 2,564 (26,456)
Other revenue 9,190 4,315
Total revenue 161,789 176,304
EXPENSES:    
Losses and loss adjustment expenses 115,781 102,837
Policy acquisition costs 40,821 58,875
Operating Costs and Expenses 13,222 9,704
General and administrative expenses 15,882 18,301
Interest expense 2,375 2,419
Total expenses 188,081 192,136
Income (loss) before other income (26,292) (15,832)
Other income 10 28
Income (loss) before income taxes (26,282) (15,804)
Provision for income taxes (7,822) (3,288)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest (18,460) (12,516)
Net Income (Loss) Attributable to Noncontrolling Interest (689) 207
Net income (loss) (17,771) (12,723)
OTHER COMPREHENSIVE INCOME:    
Change in net unrealized gains (losses) on investments (21,739) (4,110)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax (503) 68
Income tax benefit (expense) related to items of other comprehensive income 5,376 983
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest (35,326) (15,575)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest (917) (26)
Total comprehensive income $ (34,409) $ (15,549)
Weighted-average shares outstanding    
Weighted-average shares outstanding 42,898,488 42,805,527
Weighted-average diluted shares 42,898,488 42,805,527
Earnings Per Share    
Basic earnings per share $ (0.41) $ (0.30)
Diluted earnings per share $ (0.41) $ (0.30)