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v3.3.0.814

Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
Revenues: |  |  |  |
Gross premiums written | $ 150,148 | $ 67,098 | $ 459,532 | $ 227,200
Net premiums written | 122,497 | 63,262 | 394,606 | 212,495
Net premiums earned | 124,707 | 68,028 | 380,921 | 201,589
Net investment income | 8,852 | 6,527 | 26,234 | 22,488
Net realized investment gains (losses): |  |  |  |
Other than temporary impairment losses on investments | (4,641) | (6) | (6,879) | (68)
Other net realized investment gains (losses) | (6,137) | 1,164 | (337) | 40,294
Total net realized investment gains (losses) | (10,778) | 1,158 | (7,216) | 40,226
Other income | 1,279 | 126 | 2,408 | 449
Total revenues | 124,060 | 75,839 | 402,347 | 264,752
Losses and Expenses: |  |  |  |
Net losses and loss adjustment expenses | 77,691 | 36,654 | 226,870 | 113,496
Acquisition costs and other underwriting expenses | 50,934 | 27,458 | 150,118 | 81,114
Corporate and other operating expenses | 3,567 | 3,481 | 19,441 | 9,614
Interest expense | 1,595 | 118 | 2,635 | 628
Income (loss) before income taxes | (9,727) | 8,128 | 3,283 | 59,900
Income tax expense (benefit) | (5,981) | (1,633) | (10,882) | 8,108
Net income (loss) | $ (3,746) | $ 9,761 | $ 14,165 | $ 51,792
Net income (loss) |  |  |  |
Basic | $ (0.15) | $ 0.39 | $ 0.56 | $ 2.06
Diluted | $ (0.15) | $ 0.39 | $ 0.55 | $ 2.05
Weighted-average number of shares outstanding |  |  |  |
Basic | 25,463,994 | 25,137,531 | 25,452,991 | 25,126,684
Diluted | 25,704,931 | 25,334,716 | 25,684,931 | 25,323,187

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