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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUE:        
Gain (Loss) on Investments $ (121) $ (6,708) $ (121) $ (6,791)
Investment Income, Net 5,347 2,095 9,364 4,138
Premiums Earned, Net, Property and Casualty 63,381 78,014 126,012 162,655
Ceded Premiums Earned 92,069 71,823 189,708 125,157
Gross premiums earned 155,450 149,837 315,720 287,812
Gross premiums written 229,449 236,822 414,050 413,463
Unearned premiums (73,999) (86,985) (98,330) (125,651)
Change in gross unearned premiums 73,999 86,985 98,330 125,651
Gross premiums earned 155,450 149,837 315,720 287,812
Ceded premiums earned (92,069) (71,823) (189,708) (125,157)
Net premiums earned 63,381 78,014 126,012 162,655
Total revenue (68,656) (73,542) (135,254) (160,617)
EXPENSES:        
Costs and Expenses 44,580 51,950 80,620 104,182
General and administrative expenses 9,898 6,414 18,813 15,025
Operating Costs and Expenses 2,040 3,046 4,377 4,881
Policy acquisition costs 13,939 23,526 23,534 48,692
Policyholder Benefits and Claims Incurred, Net 15,277 16,245 27,751 30,146
Interest expense 3,426 2,719 6,145 5,438
Interest expense (3,426) (2,719) (6,145) (5,438)
Total expenses 44,580 51,950 80,620 104,182
Income (loss) before other income 24,076 21,592 54,634 56,435
Other income 811 806 1,621 1,394
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 24,887 22,398 56,255 57,829
Provision for income taxes 5,814 1,154 13,473 5,020
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 19,073 21,244 42,782 52,809
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax (19) (3,465) (129) 232,250
Net income (loss) 19,054 17,779 42,653 285,059
OTHER COMPREHENSIVE INCOME:        
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 19,248 22,336 42,649 293,930
Reclassification adjustment for net realized investment (gains) losses (121) (6,725) (121) (6,808)
Income tax benefit (expense) related to items of other comprehensive income 0 0 0 0
Change in net unrealized gains (losses) on investments 73 (2,168) (125) 2,063
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 19,248 $ 22,336 $ 42,649 $ 293,930
Weighted-average shares outstanding        
Weighted-average shares outstanding 47,821,115 43,229,416 47,572,236 43,178,758
Weighted-average diluted shares 49,398,463 43,805,217 49,162,233 43,690,435
Income (Loss) from Continuing Operations, Per Basic Share $ 0.40 $ 0.49 $ 0.90 $ 1.22
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 (0.08) 0 5.37
Earnings Per Share        
Diluted earnings per share 0.39 0.41 0.87 6.52
Basic earnings per share 0.40 0.41 0.90 6.59
Income (Loss) from Continuing Operations, Per Diluted Share 0.39 0.49 0.87 1.21
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0 (0.08) 0 5.31
Diluted earnings per share $ 0.39 $ 0.41 $ 0.87 $ 6.52
Equity Securities, FV-NI, Unrealized Gain (Loss) $ 49 $ 141 $ (1) $ 615