Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Revenues: | ||||
| Gross written premiums | $ 106,801 | $ 100,706 | $ 205,476 | $ 194,194 |
| Ceded written premiums | (2,887) | (2,955) | (5,698) | (4,358) |
| Net written premiums | 103,914 | 97,751 | 199,778 | 189,836 |
| Change in net unearned premiums | (8,768) | (4,937) | (11,316) | (443) |
| Net earned premiums | 95,146 | 92,814 | 188,462 | 189,393 |
| Net investment income | 14,707 | 15,311 | 29,489 | 29,831 |
| Net realized investment gains | 127 | 205 | 263 | 1,052 |
| Other income | 540 | 357 | 957 | 702 |
| Total revenues | 110,520 | 108,687 | 219,171 | 220,978 |
| Losses and Expenses: | ||||
| Net losses and loss adjustment expenses | 52,948 | 53,662 | 119,686 | 107,046 |
| Acquisition costs and other underwriting expenses | 36,915 | 35,968 | 74,422 | 74,237 |
| Corporate expenses | 7,528 | 6,383 | 17,028 | 12,756 |
| Income before income taxes | 13,129 | 12,674 | 8,035 | 26,939 |
| Income tax expense | 2,785 | 2,581 | 1,680 | 5,480 |
| Net income | 10,344 | 10,093 | 6,355 | 21,459 |
| Less: preferred stock distributions | 110 | 110 | 220 | 220 |
| Net income available to common shareholders | $ 10,234 | $ 9,983 | $ 6,135 | $ 21,239 |
| Net income available to common shareholders | ||||
| Basic | $ 0.72 | $ 0.73 | $ 0.44 | $ 1.56 |
| Diluted | $ 0.71 | $ 0.73 | $ 0.43 | $ 1.55 |
| Weighted-average number of shares outstanding | ||||
| Basic | 14,274,926 | 13,609,618 | 14,072,225 | 13,594,414 |
| Diluted | 14,341,251 | 13,677,908 | 14,160,638 | 13,659,154 |
| Cash distributions declared per common share | $ 0.35 | $ 0.35 | $ 0.7 | $ 0.7 |
| X | ||||||||||
- Definition Acquisition costs and other underwriting expenses. No definition available.
|
| X | ||||||||||
- Definition Corporate expenses. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of written premiums ceded to other entities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of decrease (increase) in unearned premiums. No definition available.
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
|
| X | ||||||||||
- Definition Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
| X | ||||||||||
- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of direct and assumed premiums written. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums written. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of realized gain (loss) on investment. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|