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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE:    
Other revenue $ 16 $ 16
Gain (Loss) on Investments 0 (83)
Investment Income, Net 4,508 2,589
Premiums Earned, Net, Property and Casualty 68,730 87,324
Ceded Premiums Earned 100,092 57,152
Gross premiums earned 168,822 144,476
Gross premiums written 197,458 187,123
Unearned premiums (28,636) (42,647)
Change in gross unearned premiums 28,636 42,647
Gross premiums earned 168,822 144,476
Ceded premiums earned (100,092) (57,152)
Net premiums earned 68,730 87,324
Total revenue (73,204) (90,320)
EXPENSES:    
Costs and Expenses 42,800 57,064
General and administrative expenses 9,573 8,793
Operating Costs and Expenses 2,809 2,168
Policy acquisition costs 11,793 26,972
Policyholder Benefits and Claims Incurred, Net 15,906 16,412
Interest expense 2,719 2,719
Interest expense (2,719) (2,719)
Total expenses 42,800 57,064
Income (loss) before other income 30,404 33,256
Other income 810 588
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 31,214 33,844
Provision for income taxes 7,615 3,477
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 23,599 30,367
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax 0 236,913
Net income (loss) 23,599 267,280
OTHER COMPREHENSIVE INCOME:    
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 23,401 271,594
Reclassification adjustment for net realized investment (gains) losses 0 (83)
Income tax benefit (expense) related to items of other comprehensive income 0 0
Change in net unrealized gains (losses) on investments (198) 4,231
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 23,401 $ 271,594
Weighted-average shares outstanding    
Weighted-average shares outstanding 47,323,356 43,124,825
Weighted-average diluted shares 48,969,550 43,574,840
Income (Loss) from Continuing Operations, Per Basic Share $ 0.50 $ 0.70
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 5.49
Earnings Per Share    
Diluted earnings per share 0.48 6.14
Basic earnings per share 0.50 6.19
Income (Loss) from Continuing Operations, Per Diluted Share 0.48 0.70
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0 5.44
Diluted earnings per share $ 0.48 $ 6.14