The following is a summary of quarterly financial data for the periods indicated:

	March 31,			June 30,			September 30,			December 31,
amounts in thousands, except per share amounts	2016			2016			2016			2016
Gross written premiums	$	413,877		$	412,565		$	374,930		$	367,539
Revenues:
Net written premiums	$	319,820		$	306,535		$	277,001		$	282,868
Change in unearned premiums		(55,462	)		(38,543	)		7,009			1,117
Net earned premiums	$	264,358		$	267,992		$	284,010		$	283,985
Net investment income		19,594			19,875			19,875			20,107
Total other-than-temporary impairment losses		(109	)		(162	)		23			21
Portion of loss recognized in other comprehensive income (before tax)		109			12			(23	)		(21	)
Net other-than-temporary impairment losses recognized in earnings		—			(150	)		—			—
Net realized gains (losses)		1,597			1,960			1,586			4,043
Other income (expense)		2,549			4,430			(183	)		1,905
Total revenues	$	288,098		$	294,107		$	305,288		$	310,040

Expenses:
Net losses and LAE	$	152,956		$	167,206		$	172,793		$	172,493
Commission expenses		37,554			40,726			42,611			44,154
Other operating expenses		60,809			59,074			56,137			58,076
Interest expense		3,858			3,858			3,859			3,860
Total expenses	$	255,177		$	270,864		$	275,400		$	278,583
Income before income taxes		32,921			23,243			29,888			31,457
Income tax expense	$	9,989		$	7,053		$	7,875		$	9,866
Net income	$	22,932		$	16,190		$	22,013		$	21,591

Comprehensive income (loss)	$	45,721		$	35,228		$	18,760		$	(31,712	)

Combined ratio		95.1	%		99.6	%		95.6	%		96.7	%
Net income per share:⁽¹⁾
Basic	$	0.79		$	0.56		$	0.76		$	0.74
Diluted	$	0.77		$	0.54		$	0.73		$	0.71

(1) - We completed a two-for-one stock split on January 20, 2017. All share and per share data has been retroactively restated on a post-split basis.

	March 31,			June 30,			September 30,			December 31,
amounts in thousands, except per share amounts	2015			2015			2015			2015
Gross written premiums	$	396,460		$	379,471		$	354,062		$	323,509
Revenues:
Net written premiums	$	288,958		$	258,244		$	251,939		$	244,719
Change in unearned premiums		(52,826	)		(15,916	)		2,143			6,826
Net earned premiums	$	236,132		$	242,328		$	254,082		$	251,545
Net investment income		16,253			16,595			17,371			18,499
Total other-than-temporary impairment losses		—			(423	)		(1,298	)		(123	)
Portion of loss recognized in other comprehensive income (before tax)		—			—			23			123
Net other-than-temporary impairment losses recognized in earnings		—			(423	)		(1,275	)		—
Net realized gains		5,596			4,339			518			(2,080	)
Other income (expense)		2,242			(4,362	)		(2,518	)		4,147
Total revenues	$	260,223		$	258,477		$	268,178		$	272,111

Expenses:
Net losses and LAE	$	130,198		$	141,973		$	146,546		$	153,881
Commission expenses		32,905			31,480			34,253			31,339
Other operating expenses		54,909			52,789			56,599			59,219
Interest expense		3,855			3,856			3,856			3,857
Total expenses	$	221,867		$	230,098		$	241,254		$	248,296
Income before income taxes		38,356			28,379			26,924			23,815
Income tax expense	$	12,427		$	9,195		$	8,723		$	6,072
Net income	$	25,929		$	19,184		$	18,201		$	17,743

Comprehensive income	$	27,052		$	(3,789	)	$	18,849		$	15,990

Combined ratio		92.3	%		93.4	%		93.4	%		97.2	%
Net income per share:⁽¹⁾
Basic	$	0.90		$	0.67		$	0.63		$	0.62
Diluted	$	0.89		$	0.65		$	0.61		$	0.59

(1) - We completed a two-for-one stock split on January 20, 2017. All per share data has been retroactively restated on a post-split basis.