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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUE:        
Gross premiums written $ 322,493 $ 365,819 $ 1,060,555 $ 1,140,653
Change in gross unearned premiums 30,968 (11,828) 6,002 (97,904)
Gross premiums earned 353,461 353,991 1,066,557 1,042,749
Ceded premiums earned (200,190) (165,250) (621,877) (476,930)
Net premiums earned 153,271 188,741 444,680 565,819
Investment Income, Net 3,471 6,010 10,737 18,834
Net realized gains (losses) 5,537 24,968 5,916 24,959
Unrealized Gain (Loss) on Securities (3,293) (11,552) 1,709 (17,456)
Other revenue 3,754 4,566 16,941 13,278
Total revenue 162,740 212,733 479,983 605,434
EXPENSES:        
Losses and loss adjustment expenses 102,769 218,652 336,614 423,182
Policy acquisition costs 46,925 58,735 129,073 170,183
Operating Costs and Expenses 15,429 14,483 42,133 38,164
General and administrative expenses 13,940 19,224 42,934 53,646
Interest expense 2,378 2,210 7,010 7,194
Total expenses 181,441 313,304 557,764 692,369
Income (loss) before other income (18,701) (100,571) (77,781) (86,935)
Other income 101 18 126 60
Income (loss) before income taxes (18,600) (100,553) (77,655) (86,875)
Provision for income taxes (3,482) (26,685) (20,656) (24,933)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest (15,118) (73,868) (56,999) (61,942)
Net Income (Loss) Attributable to Noncontrolling Interest (796) 204 (1,396) 579
Net income (loss) (14,322) (74,072) (55,603) (62,521)
OTHER COMPREHENSIVE INCOME:        
Change in net unrealized gains (losses) on investments 2,401 27,884 (11,096) 52,106
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax 5,537 24,968 (5,916) (24,959)
Income tax benefit (expense) related to items of other comprehensive income (744) 707 4,108 (6,582)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest (17,510) (71,659) (69,903) (41,377)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest (844) 208 (1,601) 731
Total comprehensive income $ (16,666) $ (71,867) $ (68,302) $ (42,108)
Weighted-average shares outstanding        
Weighted-average shares outstanding 42,971,535 42,893,205 42,940,458 42,853,364
Weighted-average diluted shares 42,971,535 42,893,205 42,940,458 42,853,364
Earnings Per Share        
Basic earnings per share $ (0.33) $ (1.73) $ (1.29) $ (1.46)
Diluted earnings per share $ (0.33) $ (1.73) $ (1.29) $ (1.46)