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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Data

 

The following table represents unaudited quarterly financial data for the years ended December 31, 2018 and 2017.

 

 

 

Three Months Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

 

(in thousands, except per share amounts)

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net premiums earned

 

$

87,310

 

 

$

88,995

 

 

$

85,184

 

 

$

88,837

 

Net investment income

 

 

7,209

 

 

 

7,303

 

 

 

7,884

 

 

 

8,056

 

Net realized losses on investments

 

 

(31

)

 

 

(1,111

)

 

 

(329

)

 

 

(65

)

Total revenues

 

 

94,175

 

 

 

95,380

 

 

 

93,529

 

 

 

94,669

 

Income before income taxes

 

 

19,414

 

 

 

20,930

 

 

 

24,460

 

 

 

22,777

 

Net income

 

 

16,169

 

 

 

16,956

 

 

 

19,701

 

 

 

18,806

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.84

 

 

$

0.88

 

 

$

1.03

 

 

$

0.98

 

Diluted

 

$

0.84

 

 

$

0.88

 

 

$

1.02

 

 

$

0.98

 

Comprehensive income

 

 

10,321

 

 

 

17,109

 

 

 

17,582

 

 

 

22,176

 

Extraordinary cash dividends declared per common share

 

$

 

 

$

 

 

$

 

 

$

3.50

 

Cash dividends declared per common share

 

$

0.22

 

 

$

0.22

 

 

$

0.22

 

 

$

0.22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

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