v3.26.3
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Gross premiums written $ 76,673 $ 80,321 $ 251,141 $ 243,809
Ceded premiums written (3,956) (4,334) (12,241) (12,698)
Net premiums written 72,717 75,987 238,900 231,111
Net premiums earned 73,321 71,196 225,666 209,462
Net investment income 6,605 6,566 19,730 19,909
Net realized (losses) gains on investments (54) 0 (144) 3,118
Net unrealized (losses) gains on equity securities (193) 4,117 6,267 2,794
Fee and other income 133 97 354 378
Total revenues 79,812 81,976 251,873 235,661
Expenses        
Loss and loss adjustment expenses incurred 45,913 41,679 140,694 122,498
Underwriting and certain other operating costs 8,342 7,586 25,063 21,899
Commissions 6,497 6,199 20,163 18,488
Salaries and benefits 9,010 8,327 25,495 24,070
Policyholder dividends 1,054 712 3,050 2,585
Provision for investment related credit loss benefit (2) (8) (15) (36)
Total expenses 70,814 64,495 214,450 189,504
Income before income taxes 8,998 17,481 37,423 46,157
Income tax expense 1,802 3,663 7,487 9,435
Net income $ 7,196 $ 13,818 $ 29,936 $ 36,722
Earnings per share        
Basic $ 0.39 $ 0.73 $ 1.61 $ 1.93
Diluted $ 0.39 $ 0.72 $ 1.6 $ 1.92
Shares used in computing earnings per share        
Basic 18,516,539 18,980,807 18,617,768 19,018,293
Diluted 18,639,943 19,072,061 18,760,320 19,106,556
Cash dividends declared per common share $ 0.41 $ 0.39 $ 1.23 $ 1.17