v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Net earned premium $ 354,127 $ 314,802 $ 697,102 $ 623,213
Net investment income 28,928 21,673 55,968 45,131
Net investment gains (losses) (428) (1,002) (682) (1,756)
Other income (loss) 1,099 0 780 0
Total revenues 383,726 335,473 753,168 666,588
Benefits, Losses and Expenses        
Losses and loss settlement expenses 212,274 193,732 420,399 383,428
Amortization of deferred policy acquisition costs 84,041 74,413 166,082 151,767
Other underwriting expenses 41,158 35,307 78,725 74,893
Interest expense 3,186 2,484 6,369 4,967
Other non-underwriting expenses 1,123 335 1,637 477
Total benefits, losses and expenses 341,782 306,271 673,212 615,532
Income (loss) before income taxes 41,944 29,202 79,956 51,056
Income tax expense (benefit) 8,579 6,255 16,539 10,409
Net Income (loss) $ 33,365 $ 22,947 $ 63,417 $ 40,647
Earnings (loss) per common share:        
Basic (in dollars per share) $ 1.30 $ 0.90 $ 2.48 $ 1.60
Diluted (in dollars per share) $ 1.29 $ 0.87 $ 2.45 $ 1.54
Weighted average common shares outstanding:        
Basic (in shares) 25,676,853 25,471,114 25,619,153 25,431,418
Diluted (in shares) 25,895,535 26,390,660 25,863,700 26,350,813