v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Gross premiums written $ 88,500 $ 83,784
Ceded premiums written (4,069) (4,179)
Net premiums written 84,431 79,605
Net premiums earned 75,072 68,885
Net investment income 6,597 6,652
Net realized (losses) gains on investments (3) 2
Net unrealized losses on equity securities (1,653) (3,152)
Fee and other income 77 210
Total revenues 80,090 72,597
Expenses    
Loss and loss adjustment expenses incurred 46,440 40,159
Underwriting and certain other operating costs 7,590 6,260
Commissions 6,693 6,055
Salaries and benefits 7,986 8,284
Policyholder dividends 1,229 634
Provision for investment related credit loss benefit (8) (16)
Total expenses 69,930 61,376
Income before income taxes 10,160 11,221
Income tax expense 2,015 2,272
Net income $ 8,145 $ 8,949
Earnings per share    
Basic $ 0.43 $ 0.47
Diluted $ 0.43 $ 0.47
Shares used in computing earnings per share    
Basic 18,759,526 19,036,309
Diluted 18,863,395 19,154,426
Cash dividends declared per common share $ 0.41 $ 0.39