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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Gross written premiums $ 727,603 $ 682,122 $ 606,603
Ceded written premiums (136,272) (102,054) (58,436)
Net written premiums 591,331 580,068 548,167
Change in net unearned premiums 11,140 15,542 19,532
Net earned premiums 602,471 595,610 567,699
Net investment income 27,627 37,020 28,392
Net realized investment gains (losses) (32,929) 15,887 (14,662)
Other income 31,365 29,751 2,118
Total revenues 628,534 678,268 583,547
Losses and Expenses:      
Net losses and loss adjustment expenses 359,228 384,964 336,201
Acquisition costs and other underwriting expenses 236,381 222,841 215,607
Corporate and other operating expenses 24,421 27,179 41,998
Interest expense 3,004 10,481 15,792
Loss on extinguishment of debt 3,529 0 3,060
Income (loss) before income taxes 1,971 32,803 (29,111)
Income tax (expense) benefit 2,821 3,449 (8,105)
Net income (loss) (850) 29,354 (21,006)
Less: preferred stock distributions 440 440 152
Net income (loss) available to common shareholders $ (1,290) $ 28,914 $ (21,158)
Net income (loss) available to common shareholders      
Basic [1] $ (0.09) $ 2.00 $ (1.48)
Diluted [1] $ (0.09) $ 1.97 $ (1.48)
Weighted-average number of shares outstanding      
Basic 14,482,164 14,426,739 14,291,265
Diluted 14,482,164 14,664,330 14,291,265
Cash dividends/distributions declared per common share $ 1.00 $ 1.00 $ 1.00
[1] For the years ended December 31, 2022 and 2020, “weighted average shares outstanding - basic” was used to calculate “diluted earnings per share” due to a net loss for these periods.