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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Net premiums earned $ 35,481 $ 111,478 $ 75,226 $ 217,388
Net investment income 1,733 3,341 3,407 7,233
Net realized and unrealized gains (losses) 9,584 10,383 9,676 7,558
Direct written policy fees 3,236 3,593 6,551 7,059
Other income 9,004 5,224 16,926 10,480
Total revenues 59,038 134,019 111,786 249,718
Costs and expenses:        
Losses and loss adjustment expenses 77,430 129,916 125,446 198,846
Commissions and other underwriting expenses 17,355 29,270 38,386 65,625
General and administrative expenses 5,814 5,663 11,880 11,908
Interest expense 2,229 1,915 4,155 3,830
Total costs and expenses 102,828 166,764 179,867 280,209
Income (loss) before income taxes (43,790) (32,745) (68,081) (30,491)
Income tax expense (benefit) 6,579 (11,266) 1,669 (11,145)
Net income (loss) $ (50,369) $ (21,479) $ (69,750) $ (19,346)
Net Income (Loss) Per Common Share        
Basic (in dollars per share) $ (2.89) $ (1.57) $ (4.39) $ (1.38)
Diluted (in dollars per share) $ (2.89) $ (1.57) $ (4.39) $ (1.38)
Weighted Average Number of Shares of Common Stock Outstanding        
Basic (in shares) 17,411 13,714 15,901 13,981
Diluted (in shares) 17,411 13,714 15,901 13,981
Dividends declared per share of common stock (in dollars per share) $ 0 $ 0.09 $ 0 $ 0.18