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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Gross written premiums $ 93,488 $ 122,985
Ceded written premiums (1,403) (7,124)
Net written premiums 92,085 115,861
Change in net unearned premiums 4,494 24,211
Net earned premiums 96,579 140,072
Net investment income 14,520 12,008
Net realized investment gains (losses) 847 (1,520)
Other income 345 354
Total revenues 112,291 150,914 CloseClose
Losses and Expenses:    
Net losses and loss adjustment expenses 53,384 88,001
Acquisition costs and other underwriting expenses 38,269 53,478
Corporate and other operating expenses 6,373 6,368
Income before income taxes 14,265 3,067 CloseClose
Income tax expense 2,899 573 CloseClose
Net income 11,366 2,494 CloseClose
Less: preferred stock distributions 110 110
Net income available to common shareholders $ 11,256 $ 2,384
Net income available to common shareholders    
Basic $ 0.83 $ 0.17
Diluted $ 0.82 $ 0.17
Weighted-average number of shares outstanding    
Basic 13,579,210 13,670,732
Diluted 13,687,412 13,929,146
Cash distributions declared per common share $ 0.35 $ 0.25