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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUE:        
Gain (Loss) on Investments $ (3) $ 4 $ (124) $ (6,787)
Investment Income, Net 6,110 2,087 15,474 6,225
Premiums Earned, Net, Property and Casualty 74,486 50,264 200,498 212,919
Ceded Premiums Earned 85,692 107,513 275,400 232,670
Gross premiums earned 160,178 157,777 475,898 445,589
Gross premiums written 93,016 93,986 507,066 507,449
Unearned premiums 67,162 63,791 (31,168) (61,860)
Change in gross unearned premiums (67,162) (63,791) 31,168 61,860
Gross premiums earned 160,178 157,777 475,898 445,589
Ceded premiums earned (85,692) (107,513) (275,400) (232,670)
Net premiums earned 74,486 50,264 200,498 212,919
Total revenue (82,136) (52,532) (217,390) (213,149)
EXPENSES:        
Costs and Expenses 46,072 34,238 126,692 138,420
General and administrative expenses 8,174 6,011 26,987 21,036
Operating Costs and Expenses 2,115 2,081 6,492 6,962
Policy acquisition costs 20,942 13,606 44,476 62,298
Policyholder Benefits and Claims Incurred, Net 11,774 9,822 39,525 39,968
Interest expense 3,067 2,718 9,212 8,156
Interest expense (3,067) (2,718) (9,212) (8,156)
Total expenses 46,072 34,238 126,692 138,420
Income (loss) before other income 36,064 18,294 90,698 74,729
Other income 453 (237) 2,074 1,157
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 36,517 18,057 92,772 75,886
Provision for income taxes 8,848 3,042 22,321 8,062
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 27,669 15,015 70,451 67,824
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax 450 (4,447) 321 227,803
Net income (loss) 28,119 10,568 70,772 295,627
OTHER COMPREHENSIVE INCOME:        
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 35,651 7,805 78,300 301,735
Reclassification adjustment for net realized investment (gains) losses (3) 2 (124) (6,806)
Income tax benefit (expense) related to items of other comprehensive income 0 0 0 0
Change in net unrealized gains (losses) on investments 7,529 (2,761) 7,404 (698)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 35,651 $ 7,805 $ 78,300 $ 301,735
Weighted-average shares outstanding        
Weighted-average shares outstanding 48,066,358 43,301,388 47,742,744 43,220,084
Weighted-average diluted shares 49,521,246 44,142,693 49,255,071 43,888,665
Income (Loss) from Continuing Operations, Per Basic Share $ 0.58 $ 0.34 $ 1.48 $ 1.57
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0.01 (0.10) 0.01 5.27
Earnings Per Share        
Diluted earnings per share 0.57 0.24 1.44 6.73
Basic earnings per share 0.59 0.24 1.49 6.84
Income (Loss) from Continuing Operations, Per Diluted Share 0.56 0.34 1.43 1.54
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0.01 (0.10) 0.01 5.19
Diluted earnings per share $ 0.57 $ 0.24 $ 1.44 $ 6.73
Equity Securities, FV-NI, Unrealized Gain (Loss) $ 1,543 $ 177 $ 1,542 $ 792