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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUE:    
Gain (Loss) on Investments $ 1,382 $ 0
Investment Income, Net 4,511 4,017
Premiums Earned, Net, Property and Casualty 68,272 62,631
Ceded Premiums Earned 93,829 97,639
Gross premiums earned 162,101 160,270
Gross premiums written 197,852 184,601
Unearned premiums (35,751) (24,331)
Change in gross unearned premiums 35,751 24,331
Gross premiums earned 162,101 160,270
Ceded premiums earned (93,829) (97,639)
Net premiums earned 68,272 62,631
Total revenue (72,202) (66,598)
EXPENSES:    
Costs and Expenses 47,078 36,040
General and administrative expenses 9,506 11,252
Policy acquisition costs 23,466 9,595
Policyholder Benefits and Claims Incurred, Net 11,389 12,474
Interest expense 2,717 2,719
Interest expense (2,717) (2,719)
Total expenses 47,078 36,040
Income (loss) before other income 25,124 30,558
Other income 1,070 810
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 26,194 31,368
Provision for income taxes 6,483 7,659
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 19,711 23,709
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax 1,637 (110)
Net income (loss) 21,348 23,599
OTHER COMPREHENSIVE INCOME:    
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 24,178 23,401
Reclassification adjustment for net realized investment (gains) losses 1,382 0
Change in net unrealized gains (losses) on investments 4,212 (198)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ 24,178 $ 23,401
Weighted-average shares outstanding    
Weighted-average shares outstanding 48,135,231 47,323,356
Weighted-average diluted shares 49,564,721 48,969,550
Income (Loss) from Continuing Operations, Per Basic Share $ 0.41 $ 0.50
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0.03 0
Earnings Per Share    
Diluted earnings per share 0.43 0.48
Basic earnings per share 0.44 0.50
Income (Loss) from Continuing Operations, Per Diluted Share 0.40 0.48
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0.03 0
Diluted earnings per share $ 0.43 $ 0.48
Equity Securities, FV-NI, Unrealized Gain (Loss) $ (1,963) $ (50)