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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Net premiums written $ 441,278 $ 370,568 $ 276,778
Increase in unearned premiums (18,571) (44,097) (53,549)
Net premiums earned 422,707 326,471 223,229
Net investment income 27,890 19,885 12,285
Realized investment gains, net 1,934 2,554 925
Other income 5,727 4,380 3,028
Total revenues 458,258 353,290 239,467
Losses and expenses:      
Provision for losses and LAE 15,525 11,905 6,308
Other underwriting and operating expenses 130,851 112,987 97,232
Total losses and expenses 146,376 124,892 103,540
Income before income taxes 311,882 228,398 135,927
Income tax expense 89,276 71,067 47,430
Net income $ 222,606 $ 157,331 $ 88,497
Earnings per share:      
Basic (in dollars per share) $ 2.45 $ 1.74 $ 1.05
Diluted (in dollars per share) $ 2.41 $ 1.72 $ 1.03
Weighted average common shares outstanding:      
Basic (in shares) 90,913 90,351 83,986
Diluted (in shares) 92,245 91,738 85,602
Net income $ 222,606 $ 157,331 $ 88,497
Other comprehensive income (loss):      
Change in unrealized (depreciation) appreciation of investments, net of tax (benefit) expense of ($2,941) in 2016, ($1,285) in 2015 and $2,825 in 2014 (12,156) (4,766) 6,114
Total other comprehensive (loss) income (12,156) (4,766) 6,114
Comprehensive income $ 210,450 $ 152,565 $ 94,611