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Quarterly Results for 2016 and 2015 (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results for the Periods Presented

The following table provides a summary of quarterly results for the periods presented (in thousands except per share data):

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

For the Year Ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Premiums earned, net

 

$

161,559

 

 

$

169,009

 

 

$

174,517

 

 

$

183,708

 

Investment income

 

 

2,704

 

 

 

3,223

 

 

 

3,085

 

 

 

4,448

 

Total revenues

 

 

174,874

 

 

 

185,487

 

 

 

190,243

 

 

 

201,312

 

Total expenses

 

 

127,503

 

 

 

137,564

 

 

 

173,644

 

 

 

142,721

 

Net income

 

 

31,199

 

 

 

29,376

 

 

 

9,964

 

 

 

36,396

 

Basic earnings per share

 

$

0.89

 

 

$

0.84

 

 

$

0.29

 

 

$

1.05

 

Diluted earnings per share

 

$

0.86

 

 

$

0.82

 

 

$

0.28

 

 

$

1.03

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Premiums earned, net

 

$

152,448

 

 

$

156,461

 

 

$

159,534

 

 

$

163,973

 

Investment income

 

 

1,605

 

 

 

2,142

 

 

 

2,304

 

 

 

3,489

 

Total revenues

 

 

164,446

 

 

 

169,802

 

 

 

172,436

 

 

 

178,605

 

Total expenses

 

 

123,347

 

 

 

114,908

 

 

 

128,273

 

 

 

155,878

 

Net income

 

 

25,226

 

 

 

33,647

 

 

 

26,882

 

 

 

13,655

 

Basic earnings per share

 

$

0.73

 

 

$

0.96

 

 

$

0.77

 

 

$

0.39

 

Diluted earnings per share

 

$

0.71

 

 

$

0.94

 

 

$

0.75

 

 

$

0.38