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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Gross written premiums $ 143,749 $ 157,177 $ 464,022 $ 478,699
Net written premiums 130,611 138,836 416,987 421,321
Net earned premiums 140,302 133,312 426,617 383,602
Net investment income 11,746 11,348 19,516 32,393
Net realized investment gains (losses):        
Other than temporary impairment losses on investments 0 0 0 (1,897)
Other net realized investment gains (losses) 7,323 (2,690) (22,332) 13,187
Total net realized investment gains (losses) 7,323 (2,690) (22,332) 11,290
Other income 542 264 1,473 1,274
Total revenues 159,913 142,234 425,274 428,559
Losses and Expenses:        
Net losses and loss adjustment expenses 97,148 73,583 242,092 201,979
Acquisition costs and other underwriting expenses 53,268 53,366 163,258 153,643
Corporate and other operating expenses 21,196 3,858 34,037 11,702
Interest expense 3,620 5,023 13,197 15,088
Loss on extinguishment of debt 3,060 0 3,060 0
Income (loss) before income taxes (18,379) 6,404 (30,370) 46,147
Income tax expense (benefit) (3,209) (317) (8,173) 5,163
Net income (loss) (15,170) 6,721 (22,197) 40,984
Less: Preferred stock distributions 42 0 42 0
Net income (loss) available to common shareholders $ (15,212) $ 6,721 $ (22,239) $ 40,984
Net income (loss) available to common shareholders        
Basic [1] $ (1.06) $ 0.47 $ (1.56) $ 2.89
Diluted [1] $ (1.06) $ 0.47 $ (1.56) $ 2.86
Weighted-average number of shares outstanding        
Basic 14,304,426 14,202,859 14,276,594 14,181,530
Diluted 14,304,426 14,327,757 14,276,594 14,328,861
Cash dividends/distributions declared per common share $ 0.25 $ 0.25 $ 0.75 $ 0.75
[1] For the quarter and nine months ended September 30, 2020, weighted average shares outstanding – basic was used to calculate diluted earnings per share due to a net loss for the period.