v3.25.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Net earned premium $ 314,802 $ 287,569 $ 623,213 $ 568,428
Net investment income 21,673 18,029 45,131 34,371
Net investment gains (losses) (1,002) (1,229) (1,756) (2,431)
Other income (loss) 0 (3,200) 0 (3,200)
Total revenues 335,473 301,169 666,588 597,168
Benefits, Losses and Expenses        
Losses and loss settlement expenses 193,732 201,325 383,428 380,971
Amortization of deferred policy acquisition costs 74,413 67,389 151,767 133,079
Other underwriting expenses 35,307 34,613 74,893 67,078
Interest expense 2,484 1,460 4,967 2,319
Other non-underwriting expenses 335 152 477 1,207
Total benefits, losses and expenses 306,271 304,939 615,532 584,654
Income (loss) before income taxes 29,202 (3,770) 51,056 12,514
Income tax expense (benefit) 6,255 (1,035) 10,409 1,747
Net Income (loss) $ 22,947 $ (2,735) $ 40,647 $ 10,767
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.90 $ (0.11) $ 1.60 $ 0.43
Diluted (in dollars per share) $ 0.87 $ (0.11) $ 1.54 $ 0.42
Weighted average common shares outstanding:        
Basic (in shares) 25,471,114 25,314,456 25,431,418 25,294,698
Diluted (in shares) 26,390,660 25,314,456 26,350,813 25,895,481