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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUE:    
Gross premiums written $ 279,475 $ 311,638
Change in gross unearned premiums 39,731 45,025
Gross premiums earned 319,206 356,663
Ceded premiums earned (218,349) (210,714)
Net premiums earned 100,857 145,949
Investment Income, Net 2,478 3,583
Gain (Loss) on Investments (1,769) 503
Increase (Decrease) in Equity Securities, FV-NI (2,268) 2,564
Other revenue 3,068 9,190
Total revenue 102,366 161,789
EXPENSES:    
Losses and loss adjustment expenses 91,368 115,781
Policy acquisition costs 26,016 40,821
Operating Costs and Expenses 12,248 13,222
General and administrative expenses 16,005 15,882
Interest expense 2,379 2,375
Total expenses 148,016 188,081
Income (loss) before other income (45,650) (26,292)
Other income 1,343 10
Provision for income taxes (11,050) (7,822)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest (33,257) (18,460)
Net Income (Loss) Attributable to Noncontrolling Interest (85) (689)
Net income (loss) (33,172) (17,771)
OTHER COMPREHENSIVE INCOME:    
Change in net unrealized gains (losses) on investments (27,689) (21,739)
Reclassification adjustment for net realized investment (gains) losses 1,769 503
Income tax benefit (expense) related to items of other comprehensive income 6,236 (5,376)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest (52,941) (35,326)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest (643) (917)
Total comprehensive income $ (52,298) $ (34,409)
Weighted-average shares outstanding    
Weighted-average shares outstanding 42,980,691 42,898,488
Weighted-average diluted shares 42,980,691 42,898,488
Earnings Per Share    
Basic earnings per share $ (0.77) $ (0.41)
Diluted earnings per share $ (0.77) $ (0.41)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $ (44,307) $ (26,282)