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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Gross written premiums $ 389,758 $ 416,397 $ 727,603
Ceded written premiums (10,568) (17,078) (136,272)
Net written premiums 379,190 399,319 591,331
Change in net unearned premiums (2,198) 74,038 11,140
Net earned premiums 376,992 473,357 602,471
Net investment income 62,375 55,444 27,627
Net realized investment gains (losses) 455 (2,107) (32,929)
Other income 1,365 1,435 31,365
Total revenues 441,187 528,129 628,534
Losses and Expenses:      
Net losses and loss adjustment expenses 213,190 289,153 359,228
Acquisition costs and other underwriting expenses 147,345 182,617 236,381
Corporate and other operating expenses 25,696 23,383 24,421
Interest expense 0 0 3,004
Loss on extinguishment of debt 0 0 3,529
Income before income taxes 54,956 32,976 1,971
Income tax expense 11,715 7,547 2,821
Net income (loss) 43,241 25,429 (850)
Less: preferred stock distributions 440 440 440
Net income (loss) available to common shareholders $ 42,801 $ 24,989 $ (1,290)
Net income (loss) available to common shareholders      
Basic [1] $ 3.14 $ 1.84 $ (0.09)
Diluted [1] $ 3.12 $ 1.83 $ (0.09)
Weighted-average number of shares outstanding      
Basic 13,635,582 13,553,168 14,482,164
Diluted 13,705,715 13,666,408 14,482,164
Cash distributions declared per common share $ 1.4 $ 1 $ 1.00
[1] For the year ended December 31, 2022, “weighted average shares outstanding - basic” was used to calculate “diluted earnings per share” due to a net loss for the period.