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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:                      
Gross premiums written                 $ 590,233 $ 291,253 $ 290,723
Net premiums written                 501,244 273,181 271,984
Net premiums earned $ 123,222 $ 124,707 $ 128,877 $ 127,337 $ 66,930 $ 68,028 $ 66,017 $ 67,544 504,143 268,519 248,722
Net investment income 8,375 8,852 9,141 8,241 6,333 6,527 7,677 8,284 34,609 28,821 37,209
Net realized investment gains (losses):                      
Other than temporary impairment losses on investments                 (7,335) (501) (1,239)
Other net realized investment gains                 3,961 36,361 28,651
Total net realized investment gains (losses) 3,842 (10,778) 6,532 (2,970) (4,366) 1,158 39,881 (813) (3,374) 35,860 27,412
Other income                 3,400 555 5,791
Total revenues                 538,778 333,755 319,134
Losses and Expenses:                      
Net losses and loss adjustment expenses 48,498 77,691 79,560 69,619 24,065 36,654 38,270 38,572 275,368 137,561 132,991
Acquisition costs and other underwriting expenses 51,185 50,934 50,926 48,258 28,505 27,458 27,171 26,485 201,303 109,619 105,651
Corporate and other operating expenses                 24,448 14,559 11,614
Interest expense                 4,913 822 6,169
Income before income taxes 29,463 (9,727) 9,772 3,238 11,294 8,128 44,798 6,974 32,746 71,194 62,709
Income tax expense (benefit)                 (8,723) 8,338 1,019
Net income $ 27,304 $ (3,746) $ 11,117 $ 6,794 $ 11,064 $ 9,761 $ 33,208 $ 8,823 $ 41,469 $ 62,856 $ 61,690
Net income                      
Basic                 $ 1.71 $ 2.50 $ 2.46
Diluted $ 1.30 $ (0.15) $ 0.43 $ 0.26 $ 0.44 $ 0.39 $ 1.31 $ 0.35 $ 1.69 $ 2.48 $ 2.45
Weighted-average number of shares outstanding                      
Basic                 24,253,657 25,131,811 25,072,712
Diluted                 24,505,851 25,331,420 25,174,015