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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Gross premiums earned $ 181,946 [1] $ 181,124 [2] $ 362,014 [3] $ 360,049 [4]
Premiums ceded (66,390) (56,205) (136,899) (109,367)
Net premiums earned 115,556 124,919 225,115 250,682
Net investment income 8,794 3,684 26,509 6,552
Net realized investment gains (losses) (230) (6) (1,379) (320)
Net unrealized investment gains (losses) 897 (4,234) 1,426 (7,810)
Policy fee income 1,469 1,052 2,559 2,109
Other 841 511 2,126 1,753
Total revenue 127,327 125,926 256,356 252,966
Expenses        
Losses and loss adjustment expenses 61,890 86,830 122,455 159,534
Policy acquisition and other underwriting expenses 22,618 26,863 45,338 56,271
General and administrative personnel expenses 14,272 15,301 27,774 29,335
Interest expense 2,667 1,515 5,468 2,116
Other operating expenses 5,614 6,977 11,919 13,269
Total expenses 107,061 137,486 212,954 260,525
Income (loss) before income taxes 20,266 (11,560) 43,402 (7,559)
Income tax expense (benefit) 5,384 (3,018) 10,727 (1,808)
Net income (loss) 14,882 (8,542) 32,675 (5,751)
Net income attributable to redeemable noncontrolling interest (2,337) (2,268) (4,661) (4,516)
Net (income) loss attributable to noncontrolling interests (102) 829 (233) 1,189
Net income (loss) after noncontrolling interests $ 12,443 $ (9,981) $ 27,781 $ (9,078)
Basic earnings (loss) per share $ 1.45 $ (1.04) $ 3.23 $ (0.92)
Diluted earnings (loss) per share $ 1.28 $ (1.04) $ 2.81 $ (0.92)
[1] Gross premiums earned under HCPCI Insurance Operations consist of $96,875 from HCPCI and $4,915 from a reinsurance company.
[2] Gross premiums earned under HCPCI Insurance Operations consist of $113,681 from HCPCI and $1,955 from a reinsurance company.
[3] Gross premiums earned under HCPCI Insurance Operations consist of $189,331 from HCPCI and $9,450 from a reinsurance company.
[4] Gross premiums earned under HCPCI Insurance Operations consist of $231,984 from HCPCI and $2,957 from a reinsurance company.