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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

19.

Quarterly Financial Data (Unaudited)

 

The following table represents unaudited quarterly financial data for the years ended December 31, 2017 and 2016.

 

 

 

Three Months Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

 

(in thousands, except per share amounts)

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net premiums earned

 

$

90,912

 

 

$

82,749

 

 

$

85,118

 

 

$

87,377

 

Net investment income

 

 

6,710

 

 

 

7,471

 

 

 

7,788

 

 

 

7,312

 

Net realized gains (losses) on investments

 

 

(181

)

 

 

(388

)

 

 

(192

)

 

 

114

 

Total revenues

 

 

97,542

 

 

 

89,925

 

 

 

92,804

 

 

 

94,937

 

Income before income taxes

 

 

18,733

 

 

 

22,151

 

 

 

23,556

 

 

 

17,800

 

Net income

 

 

13,524

 

 

 

15,481

 

 

 

16,577

 

 

 

649

 

Net income available to common shareholders

 

 

13,524

 

 

 

15,481

 

 

 

16,577

 

 

 

649

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.71

 

 

$

0.81

 

 

$

0.86

 

 

$

0.03

 

Diluted

 

$

0.70

 

 

$

0.81

 

 

$

0.86

 

 

$

0.03

 

Comprehensive income

 

 

14,476

 

 

 

17,437

 

 

 

17,194

 

 

 

1,228

 

Extraordinary cash dividends declared per common share

 

$

 

 

$

 

 

$

 

 

$

3.50

 

Cash dividends declared per common share

 

$

0.20

 

 

$

0.20

 

 

$

0.20

 

 

$

0.20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net premiums earned

 

$

95,961

 

 

$

90,728

 

 

$

89,918

 

 

$

92,097

 

Net investment income

 

 

6,044

 

 

 

6,201

 

 

 

8,006

 

 

 

7,855

 

Net realized gains (losses) on investments

 

 

248

 

 

 

545

 

 

 

181

 

 

 

(1,468

)

Total revenues

 

 

102,335

 

 

 

97,563

 

 

 

98,206

 

 

 

98,558

 

Income before income taxes

 

 

34,395

 

 

 

24,615

 

 

 

26,027

 

 

 

27,784

 

Net income

 

 

24,257

 

 

 

16,639

 

 

 

17,896

 

 

 

19,073

 

Net income available to common shareholders

 

 

24,257

 

 

 

16,639

 

 

 

17,896

 

 

 

19,073

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.27

 

 

$

0.87

 

 

$

0.94

 

 

$

1.00

 

Diluted

 

$

1.27

 

 

$

0.87

 

 

$

0.93

 

 

$

0.99

 

Comprehensive income

 

 

27,051

 

 

 

19,568

 

 

 

16,183

 

 

 

11,985

 

Extraordinary cash dividends declared per common share

 

$

 

 

$

 

 

$

 

 

$

3.25

 

Cash dividends declared per common share

 

$

0.18

 

 

$

0.18

 

 

$

0.18

 

 

$

0.18