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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUE:      
Gross premiums written $ 1,124,063 $ 1,329,445 $ 1,456,863
Change in gross unearned premiums 99,120 78,998 (49,883)
Gross premiums earned 1,223,183 1,408,443 1,406,980
Ceded Premiums Earned (760,557) (818,682) (641,317)
Net premiums earned 462,626 589,761 765,663
Investment Income, Net 14,011 13,772 24,125
Net realized gains (losses) (32,082) 3,567 66,691
Unrealized Gain (Loss) on Investments (6,585) 3,237 (27,562)
Equity Securities, FV-NI, Unrealized Gain (Loss)   3,237 (27,562)
Other revenue 17,452 24,190 17,739
Total revenue 455,422 634,527 846,656
EXPENSES:      
Losses and loss adjustment expenses 637,647 422,134 608,316
Policy Acquisition Costs 156,089 173,574 236,002
Operating Costs and Expenses 43,632 56,257 52,876
General and Administrative Expense 63,317 57,212 72,057
Interest Expense 9,613 9,391 9,582
Total expenses 910,298 718,568 978,833
Income before other income (454,876) (84,041) (132,177)
Other Income 10,395 184 74
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (444,481) (83,857) (132,103)
Provision (benefit) for income taxes 25,485 (23,989) (36,605)
Net Income (Loss) Attributable to Parent (469,855) (57,919) (96,454)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (469,966) (59,868) (95,498)
OTHER COMPREHENSIVE INCOME:      
Change in net unrealized gain (loss) on investments (56,600) (18,267) 64,726
Reclassification adjustment for net realized investment gains 32,082 (3,567) (66,691)
Income tax benefit (expense) related to items of other comprehensive income 49 5,264 502
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest (494,435) (76,438) (96,961)
Total comprehensive income $ (494,271) $ (74,143) $ (98,080)
Weighted average shares outstanding      
Basic 43,052,070 42,948,850 42,864,166
Diluted 43,052,070 42,948,850 42,864,166
Earnings per share      
Earnings Per Share, Basic $ (10.91) $ (1.35) $ (2.25)
Earnings Per Share, Diluted $ (10.91) $ (1.35) $ (2.25)
Net Income (Loss) Attributable to Noncontrolling Interest $ (111) $ (1,949) $ 956
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest $ (164) $ (2,295) $ 1,119