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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Gross premiums written $ 166,515 $ 82,905 $ 309,384 $ 160,102
Net premiums written 146,005 76,372 272,109 149,233
Net premiums earned 128,877 66,017 256,214 133,561
Net investment income 9,141 7,677 17,382 15,961
Net realized investment gains:        
Other than temporary impairment losses on investments (1,898) (37) (2,238) (62)
Other net realized investment gains 8,430 39,918 5,800 39,130
Total net realized investment gains (losses) 6,532 39,881 3,562 39,068
Other income 577 155 1,129 323
Total revenues 145,127 113,730 278,287 188,913
Losses and Expenses:        
Net losses and loss adjustment expenses 79,560 38,270 149,179 76,842
Acquisition costs and other underwriting expenses 50,926 27,171 99,184 53,656
Corporate and other operating expenses 4,334 3,172 15,874 6,133
Interest expense 535 319 1,040 510
Income before income taxes 9,772 44,798 13,010 51,772
Income tax expense (benefit) (1,345) 11,590 (4,901) 9,741
Net income $ 11,117 $ 33,208 $ 17,911 $ 42,031
Net income        
Basic $ 0.44 $ 1.32 $ 0.70 $ 1.67
Diluted $ 0.43 $ 1.31 $ 0.70 $ 1.66
Weighted-average number of shares outstanding        
Basic 25,454,579 25,128,280 25,447,398 25,121,171
Diluted 25,680,997 25,312,938 25,659,869 25,301,783