| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Revenues: | ||||||
Gross written premiums | ||||||
389,694 | 275,538 | 223,191 | 188,478 | 177,009 | 158,523 | 125,267 |
Ceded written premiums | ||||||
47,633 | 39,924 | 33,719 | 21,214 | 92,991 | 97,012 | 80,870 |
Net written premiums | ||||||
342,061 | 235,614 | 189,472 | 167,264 | 84,018 | 61,511 | 44,397 |
Change in unearned premiums | ||||||
-59,080 | -22,926 | -13,419 | -33,448 | -9,696 | -2,515 | 725 |
Net earned premiums | ||||||
282,981 | 212,688 | 176,053 | 133,816 | 74,322 | 58,996 | 45,122 |
Net investment income | ||||||
20,133 | 15,688 | 10,569 | 7,487 | 5,643 | 4,070 | 3,344 |
Net realized investment gains | ||||||
359 | 281 | 151 | - | - | - | - |
Net unrealized loss on equity securities | ||||||
12,389 | -6,555 | 0 | 0 | - | - | - |
Net realized investment gains, excluding other-than-temporary impairment losses | ||||||
- | - | - | 452 | 59 | 323 | - |
Other-than-temporary impairment losses | ||||||
- | - | - | 276 | 0 | 122 | - |
Net investment gains | ||||||
- | - | - | - | 59 | 201 | - |
Other income | ||||||
26 | 12 | 3 | 136 | 572 | 409 | 10 |
Total revenues | ||||||
315,888 | 222,114 | 186,776 | 141,615 | 80,596 | 63,676 | 48,484 |
Expenses: | ||||||
Losses and loss adjustment expenses | ||||||
169,563 | 128,041 | 103,680 | 70,961 | 42,238 | 41,108 | 28,890 |
Underwriting, acquisition and insurance expenses | ||||||
70,217 | 53,425 | 44,146 | 28,551 | 2,809 | 1,451 | 6,894 |
Other expenses | ||||||
57 | 168 | 429 | 2,567 | 1,992 | 1,644 | 597 |
Total expenses | ||||||
239,837 | 181,634 | 148,255 | 102,079 | 47,039 | 44,203 | 36,381 |
Income before income taxes | ||||||
76,051 | 40,480 | 38,521 | 39,536 | 33,557 | 19,473 | 12,103 |
Total income tax (benefit) expense | ||||||
12,735 | 6,693 | 13,620 | 13,369 | 11,284 | 6,500 | -164 |
Net income | ||||||
63,316 | 33,787 | 24,901 | 26,167 | 22,273 | 12,973 | 12,267 |
Other comprehensive income (loss): | ||||||
Change in unrealized (losses) gains on available-for-sale investments, net of taxes of $(2,452) in 2020 and $1,802 in 2019 | ||||||
14,774 | -5,469 | 6,384 | -640 | -1,563 | 2,921 | -3,115 |
Total comprehensive (loss) income | ||||||
78,090 | 28,318 | 31,285 | 25,527 | 20,710 | 15,894 | 9,152 |
Earnings per share: | ||||||
Earnings per share: | ||||||
Basic | ||||||
2.94 | 1.60 | 1.19 | - | - | - | - |
Diluted | ||||||
2.86 | 1.56 | 1.16 | - | - | - | - |
Weighted average shares outstanding: | ||||||
Basic | ||||||
21,528 | 21,090 | 20,992 | - | - | - | - |
Diluted | ||||||
22,136 | 21,685 | 21,498 | - | - | - | - |
Common Stock [Member] | ||||||
Basic | ||||||
- | - | - | 0.57 | - | - | - |
Diluted | ||||||
- | - | - | 0.56 | - | - | - |
Basic | ||||||
- | - | - | 20,841 | - | - | - |
Diluted | ||||||
- | - | - | 21,073 | - | - | - |
Class A Common Stock [Member] | ||||||
Basic | ||||||
- | - | - | 0.98 | - | - | - |
Diluted | ||||||
- | - | - | 0.98 | - | - | - |
Basic | ||||||
- | - | - | 13,844 | - | - | - |
Diluted | ||||||
- | - | - | 13,844 | - | - | - |
Class B Common Stock [Member] | ||||||
Basic | ||||||
- | - | - | 0.48 | - | - | - |
Diluted | ||||||
- | - | - | 0.46 | - | - | - |
Basic | ||||||
- | - | - | 1,574 | - | - | - |
Diluted | ||||||
- | - | - | 1,644 | - | - | - |