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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUE:      
Other Income $ 2,239 $ 10,343 $ 129
Operating Income (Loss) 89,732 (25,825) (10,546)
Costs and Expenses 196,811 295,616 239,231
Interest Expense 10,875 9,483 9,303
General and Administrative Expense 29,489 42,281 31,420
Operating Costs and Expenses 10,240 13,729 16,258
Policy Acquisition Costs 83,346 95,318 93,199
Losses and loss adjustment expenses 62,861 134,805 89,051
Revenues 286,543 269,791 228,685
Other revenue 79 1,223 46
Equity Securities, FV-NI, Unrealized Gain (Loss) 814 (1,968) 1,471
Net realized gains (losses) (6,808) (6,483) 138
Investment Income, Net 10,574 7,673 5,901
Premiums Earned, Net, Property and Casualty 281,884 269,346 221,129
Ceded Premiums Earned 354,080 266,023 244,630
Gross Premiums Earned, Property and Casualty 635,964 535,369 465,759
change in gross unearned premiums (34,079) (36,974) (18,768)
Gross premiums written 670,043 572,343 484,527
Gross premiums earned 635,964 535,369 465,759
Ceded Premiums Earned (354,080) (266,023) (244,630)
Net premiums earned 281,884 269,346 221,129
Total revenue 286,543 269,791 228,685
EXPENSES:      
Losses and loss adjustment expenses 62,861 134,805 89,051
Total expenses 196,811 295,616 239,231
Policy Acquisition Costs 83,346 95,318 93,199
Operating Costs and Expenses 10,240 13,729 16,258
General and Administrative Expense 29,489 42,281 31,420
Interest Expense 10,875 9,483 9,303
Income before other income 89,732 (25,825) (10,546)
Other Income 2,239 10,343 129
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 91,971 (15,482) (10,417)
Provision (benefit) for income taxes 9,773 24,522 (6,699)
Net Income (Loss) Attributable to Parent 309,911 (469,855) (57,919)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 309,911 (469,966) (59,868)
OTHER COMPREHENSIVE INCOME:      
Other Comprehensive Income (Loss), Tax 0 (49) (5,264)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax (6,808) (32,082) 3,567
Change in net unrealized gain (loss) on investments 5,998 (56,600) (18,267)
Reclassification adjustment for net realized investment gains 6,808 32,082 (3,567)
Income tax benefit (expense) related to items of other comprehensive income 0 49 5,264
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 322,717 (494,435) (76,438)
Total comprehensive income $ 322,717 $ (494,271) $ (74,143)
Weighted average shares outstanding      
Diluted 44,388,804 43,052,070 42,948,850
Basic 43,596,432 43,052,070 42,948,850
Undistributed Continuing Operation Earnings (Loss), Allocation to Participating Securities, Basic $ 1.89 $ (0.93) $ (0.04)
Undistributed Discontinued Operation Earnings (Loss), Allocation to Participating Securities, Basic 5.22 (9.98) (1.31)
Undistributed Continuing Operation Earnings (Loss), Allocation to Participating Securities, Diluted 1.85 (0.93) (0.04)
Undistributed Discontinued Operation Earnings (Loss), Allocation to Participating Securities, Diluted 5.13 (9.98) (1.31)
Earnings per share      
Earnings Per Share, Basic 7.11 (10.91) (1.35)
Earnings Per Share, Diluted $ 6.98 $ (10.91) $ (1.35)
Net Income (Loss) Attributable to Noncontrolling Interest   $ (111) $ (1,949)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest $ 0 (164) (2,295)
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax 227,713 (429,962) (56,150)
Income Tax Expense (Benefit) 9,773 24,522 (6,699)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 82,198 (40,004) (3,718)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 309,911 (469,966) (59,868)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 322,717 (494,435) (76,438)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 322,717 $ (494,271) $ (74,143)