Condensed Consolidated Statements of Operations and Other Comprehensive Loss (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
REVENUES:
Gross premiums written		$ 283,196	$ 274,181
Change in gross unearned premiums		4,172	(3,770)
Gross premiums earned		287,368	270,411
Ceded premiums		(134,439)	(128,212)
Net premiums earned		152,929	142,199
Net investment income		2,000	1,293
Net realized (losses) gains		(16)	80
Other revenue		3,695	3,671
Total revenues		158,608	147,243
EXPENSES:
Losses and loss adjustment expenses		140,038	97,909
Policy acquisition costs, net of ceding commission income	[1]	38,257	35,366
General and administrative expenses, net of ceding commission income	[2]	19,724	19,800
Total expenses		198,019	153,075
Operating loss		(39,411)	(5,832)
Interest expense, net		1,972	1,878
Loss before income taxes		(41,383)	(7,710)
Benefit for income taxes		(10,624)	(2,562)
Net loss		(30,759)	(5,148)
OTHER COMPREHENSIVE (LOSS) INCOME
Change in net unrealized losses on investments		(31,770)	(10,597)
Reclassification adjustment for net realized investment losses (gains)		16	(80)
Income tax benefit related to items of other comprehensive loss		7,433	2,475
Total comprehensive (loss) income		$ (55,080)	$ (13,350)
Weighted average shares outstanding
Basic		26,787,379	27,827,804
Diluted		26,787,379	27,827,804
(Loss) earnings per share
Basic		$ (1.15)	$ (0.19)
Diluted		$ (1.15)	$ (0.19)

[1] Policy acquisition costs includes $11.7 million and $11.3 million of ceding commission income for the three months ended March 31, 2022 and 2021, respectively.

[2] General and administration includes $3.9 million and $3.7 million of ceding commission income for the three months ended March 31, 2022 and 2021, respectively.