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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Net premiums earned $ 83,546 $ 87,374 $ 300,934 $ 268,464
Net investment income 2,404 4,068 9,637 12,037
Net realized and unrealized investment gains (losses) 1,324 794 8,882 5,050
Direct written policy fees 3,603 2,514 10,662 7,308
Other income 6,439 4,726 16,919 13,115
Total revenues 97,316 99,476 347,034 305,974
Costs and expenses:        
Losses and loss adjustment expenses 99,016 62,105 297,862 194,284
Commissions and other underwriting expenses 24,580 24,854 90,205 75,650
General and administrative expenses 5,333 5,246 17,241 17,336
Interest expense 1,915 1,894 5,745 8,860
Total costs and expenses 130,844 94,099 411,053 296,130
Income (loss) before income taxes (33,528) 5,377 (64,019) 9,844
Income tax expense (benefit) (12,783) 718 (23,928) 1,940
Net income (loss) $ (20,745) $ 4,659 $ (40,091) $ 7,904
Net Income (Loss) Per Common Share        
Basic (in dollars per share) $ (1.51) $ 0.36 $ (2.89) $ 0.62
Diluted (in dollars per share) $ (1.51) $ 0.36 $ (2.89) $ 0.61
Weighted Average Number of Shares of Common Stock Outstanding        
Basic (in shares) 13,708 12,854 13,890 12,831
Diluted (in shares) 13,708 12,897 13,890 12,880
Dividends declared per share of common stock (in dollars per share) $ 0.09 $ 0.08 $ 0.27 $ 0.24