Condensed Consolidated Statements of Operations and Other Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
REVENUES:
Gross premiums written		$ 310,309	$ 283,196
Change in gross unearned premiums		6,713	4,172
Gross premiums earned		317,022	287,368
Ceded premiums		(150,993)	(134,439)
Net premiums earned		166,029	152,929
Net investment income		5,582	2,000
Net realized gains (losses)		1,898	(16)
Other revenue		3,412	3,695
Total revenues		176,921	158,608
EXPENSES:
Losses and loss adjustment expenses		97,452	140,038
Policy acquisition costs, net of ceding commission income	[1]	40,324	38,257
General and administrative expenses, net of ceding commission income	[2]	19,054	19,724
Total expenses		156,830	198,019
Operating income (loss)		20,091	(39,411)
Interest expense, net		2,881	1,972
Income (loss) before income taxes		17,210	(41,383)
Provision (benefit) for income taxes		3,202	(10,624)
Net income (loss)		14,008	(30,759)
OTHER COMPREHENSIVE INCOME (LOSS)
Change in net unrealized gains (losses) on investments		12,143	(31,770)
Reclassification adjustment for net realized investment losses		2	16
Income tax (expense) benefit related to items of other comprehensive income (loss)		(2,855)	7,433
Total comprehensive income (loss)		$ 23,298	$ (55,080)
Weighted average shares outstanding
Basic		25,558,305	26,787,379
Diluted		25,617,568	26,787,379
Earnings (loss) per share
Basic		$ 0.55	$ (1.15)
Diluted		$ 0.55	$ (1.15)

[1] Policy acquisition costs includes $12.9 million and $11.7 million of ceding commission income for the three months ended March 31, 2023 and 2022, respectively.

[2] General and administration includes $4.3 million and $3.9 million of ceding commission income for the three months ended March 31, 2023 and 2022, respectively.