| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Revenues | ||||||
Gross premiums written | ||||||
754,881 | 735,015 | 600,304 | ||||
Ceded Premiums Written | ||||||
222,019 | 130,840 | 47,187 | ||||
Net | ||||||
532,862 | 604,175 | 553,117 | ||||
Change in unearned premiums | ||||||
23,828 | -25,313 | -21,391 | ||||
Net premiums earned | ||||||
556,690 | 578,862 | 531,726 | ||||
Other underwriting income (loss) | ||||||
2,412 | 2,722 | 3,180 | ||||
Interest income | ||||||
163,888 | 152,916 | 125,463 | ||||
Investment Management Fee Expense Related Parties | ||||||
18,392 | 17,006 | 21,451 | ||||
Borrowing and miscellaneous other investment expenses | ||||||
29,285 | 28,377 | 17,489 | ||||
Net interest income | ||||||
116,211 | 107,533 | 86,523 | ||||
Realized and unrealized gains (losses) on investments | ||||||
24,243 | -113,834 | 1,120 | ||||
Noninterest Expense Related to Performance Fees | ||||||
12,191 | 48 | 14,905 | ||||
Net investment income (loss) | ||||||
128,263 | -6,349 | 72,738 | ||||
Total revenues | ||||||
687,365 | 575,235 | 607,644 | ||||
Expenses | ||||||
Policyholder Benefits and Claims Incurred, Net | ||||||
453,135 | 441,255 | 436,402 | ||||
Acquisition expenses | ||||||
126,788 | 141,136 | 140,726 | ||||
General and administrative expenses | ||||||
30,843 | 22,311 | 21,174 | ||||
Interest expense | ||||||
5,791 | 0 | 0 | ||||
Net foreign exchange gains (losses) | ||||||
-8,247 | 3,611 | 1,420 | ||||
Non-recurring direct listing expenses | ||||||
0 | 9,000 | 0 | ||||
Total expenses | ||||||
624,804 | 610,091 | 596,882 | ||||
Income (loss) before income taxes | ||||||
62,561 | -34,856 | 10,762 | ||||
Income tax expense | ||||||
20 | 27 | 21 | ||||
Net Income (Loss) Attributable to Parent | ||||||
62,541 | -34,883 | 10,741 | ||||
Preference dividends | ||||||
13,632 | 19,633 | 19,633 | ||||
Accelerated amortization of costs related to the redemption of preference shares | ||||||
4,164 | 0 | 0 | ||||
Net Income (Loss) Available to Common Stockholders, Basic | ||||||
44,745 | -54,516 | -8,892 | ||||
Earnings Per Share, Basic and Diluted [Abstract] | ||||||
Earnings (loss) per share, basic | ||||||
2.00 | -2.40 | -0.39 | ||||
Earnings (loss) per share, diluted | ||||||
2.00 | -2.40 | -0.39 | ||||
Weighted average number of common shares used in the determination of earnings (loss) per share, basic | ||||||
22,366 | 22,682 | 22,682 | ||||
Weighted average number of common shares used in the determination of earnings (loss) per share, diluted | ||||||
22,373 | 22,682 | 22,682 | ||||