XML 102 R26.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2019
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, 2019 and 2018.

 

 

 

Three Months Ended

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

 

(in thousands, except per share amounts)

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net premiums earned

 

$

84,948

 

 

$

82,951

 

 

$

82,712

 

 

$

82,277

 

Net investment income

 

 

8,015

 

 

 

8,169

 

 

 

8,264

 

 

 

8,035

 

Net realized gains (losses) on investments

 

 

59

 

 

 

(82

)

 

 

(4

)

 

 

(53

)

Total revenues

 

 

95,190

 

 

 

91,753

 

 

 

91,488

 

 

 

91,939

 

Income before income taxes

 

 

23,809

 

 

 

22,169

 

 

 

26,613

 

 

 

42,926

 

Net income

 

 

19,400

 

 

 

17,890

 

 

 

21,386

 

 

 

34,014

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.01

 

 

$

0.93

 

 

$

1.11

 

 

$

1.77

 

Diluted

 

$

1.01

 

 

$

0.93

 

 

$

1.11

 

 

$

1.76

 

Comprehensive income

 

 

25,193

 

 

 

23,068

 

 

 

23,862

 

 

 

33,610

 

Extraordinary cash dividends declared per common share

 

$

 

 

$

 

 

$

 

 

$

3.50

 

Cash dividends declared per common share

 

$

0.25

 

 

$

0.25

 

 

$

0.25

 

 

$

0.25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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