| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||
Gross premiums earned | |||||||||
342,079 | 343,065 | 358,253 | 378,678 | 423,120 | 365,488 | 337,113 | 233,607 | 143,606 | 119,757 |
Premiums ceded | |||||||||
125,765 | 129,643 | 133,635 | 135,051 | 140,614 | 113,423 | 102,865 | 75,939 | 55,525 | 57,322 |
Net premiums earned | |||||||||
216,314 | 213,422 | 224,618 | - | - | - | - | - | - | - |
Net premiums earned | |||||||||
- | - | - | 243,627 | 282,506 | 252,065 | 234,248 | 157,668 | 88,081 | 62,435 |
Net investment income | |||||||||
13,642 | 16,581 | 11,439 | 9,087 | 3,978 | 4,888 | 1,469 | 980 | 2,061 | 1,962 |
Net realized investment (losses) gains | |||||||||
-254 | 6,183 | 4,346 | 2,601 | -608 | 4,735 | 80 | - | - | - |
Net unrealized investment (losses) gains | |||||||||
7,950 | -10,202 | 92 | - | - | - | - | 276 | 290 | - |
Net other-than-temporary impairment losses recognized in income: | |||||||||
Total other-than-temporary impairment losses | |||||||||
289 | 80 | 1,116 | - | - | - | - | - | - | - |
Total other-than-temporary impairment losses | |||||||||
- | - | - | 2,252 | 5,275 | 107 | - | - | - | - |
Portion of loss recognized in other comprehensive income, before taxes | |||||||||
- | - | 351 | 230 | -594 | - | - | - | - | - |
Net other-than-temporary impairment losses | |||||||||
289 | 80 | 1,467 | - | - | - | - | - | - | - |
Net other-than-temporary impairment losses | |||||||||
- | - | - | 2,482 | 4,681 | 107 | 0 | - | - | - |
Policy fee income | |||||||||
3,229 | 3,389 | 3,622 | 3,914 | 3,496 | 2,820 | 3,098 | 2,538 | 1,438 | 1,464 |
Gain on repurchases of convertible senior notes | |||||||||
- | - | - | 153 | - | - | - | - | - | - |
Realized investment gains | |||||||||
- | - | - | - | - | - | - | - | - | 2,003 |
Gain on bargain purchase | |||||||||
- | - | - | 2,071 | - | - | - | 179 | 936 | - |
Gain on remeasurement of previously held interest | |||||||||
- | - | - | 4,005 | - | - | - | - | - | - |
Other | |||||||||
1,882 | 1,999 | 1,756 | 1,470 | 1,261 | 1,707 | 2,193 | 1,424 | 1,003 | 751 |
Total revenue | |||||||||
242,474 | 231,292 | 244,406 | 264,446 | 285,952 | 266,108 | 241,088 | 163,065 | 93,809 | 68,615 |
Expenses | |||||||||
Losses and loss adjustment expenses | |||||||||
107,514 | 109,328 | 165,629 | 124,667 | 87,224 | 79,468 | 65,123 | 66,310 | 48,243 | 37,667 |
Policy acquisition and other underwriting expenses | |||||||||
42,497 | 38,943 | 39,663 | 42,642 | 41,984 | 37,952 | 31,619 | 25,930 | 18,129 | 14,878 |
General and administrative personnel expenses | |||||||||
31,112 | 25,908 | 25,127 | 26,200 | 28,276 | - | - | - | - | - |
Salaries and wages | |||||||||
- | - | - | - | - | 16,483 | 14,714 | 10,545 | - | - |
Interest expense | |||||||||
13,055 | 18,096 | 16,767 | 11,079 | 10,754 | 10,453 | 3,607 | - | - | - |
Loss on repurchases of senior notes | |||||||||
- | - | -743 | - | - | - | - | - | - | - |
Impairment loss | |||||||||
- | - | 38 | 388 | - | - | - | - | - | - |
Goodwill impairment loss | |||||||||
- | - | - | - | - | - | - | 161 | - | - |
Other operating expenses | |||||||||
12,203 | 12,115 | 12,063 | 12,614 | 11,522 | 20,790 | 19,572 | 10,539 | 11,032 | 7,484 |
Total expenses | |||||||||
206,381 | 204,390 | 260,030 | 217,590 | 179,760 | 165,146 | 134,635 | 113,485 | 77,404 | 60,029 |
Income before income taxes | |||||||||
36,093 | 26,902 | -15,624 | 46,856 | 106,192 | 100,962 | 106,453 | 49,580 | 16,405 | 8,586 |
Income tax expense | |||||||||
9,517 | 9,177 | -8,731 | 17,835 | 40,331 | 38,298 | 40,891 | 19,423 | 6,441 | 3,164 |
Net income | |||||||||
26,576 | 17,725 | -6,893 | 29,021 | 65,861 | 62,664 | 65,562 | 30,157 | 9,964 | 5,422 |
Preferred stock dividends | |||||||||
- | - | - | - | - | -4 | 104 | 322 | 815 | - |
Income available to common stockholders | |||||||||
- | - | - | - | - | 62,668 | 65,458 | 29,835 | 9,149 | 5,422 |
Basic earnings per share | |||||||||
3.32 | 2.34 | -0.75 | 2.95 | 6.51 | 5.90 | 5.82 | 3.45 | 1.49 | 0.88 |
Diluted earnings per share | |||||||||
3.31 | 2.34 | -0.75 | 2.92 | 5.90 | 5.36 | 5.63 | 3.02 | 1.34 | 0.81 |
Dividends per share | |||||||||
- | - | - | 1.20 | 1.20 | 1.10 | 0.95 | 0.88 | 0.53 | 0.30 |