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Financial Highlights

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Financial Highlights
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Balance Sheet ($000)
Cash and Cash Equivalents 229,556 150,688 84,786
Investments 901,250 528,647 452,714
Total Assets 2,059,921 999,686 740,021
Unpaid Loss Reserves & Unearned Premiums 1,038,105 513,078 381,445
Total Liabilities 1,522,796 758,359 500,810
Total Equity 537,125 241,327 239,211
Equity before Unrealized Gains 527,904 240,505 237,591
Total Equity/ Total Assets(%) 26.08 24.14 32.32
Income Statement ($000)
Net Premiums Earned 585,490 456,931 335,958
Net Investment Income less Investment Expenses 17,126 10,092 8,945
Realized Gain on Securities 67 547 827
Total Revenue 653,887 486,630 357,596
Loss and Loss Adjustment Expenses 365,535 298,353 183,108
Underwriting & Other Expense 246,091 169,443 132,302
Total Expense 652,977 479,627 315,736
Net Income 10,145 5,698 27,358
EBITDA 41,689 19,439 45,514
Per Share Information ($)
Basic Book Value per Share 12.56 11.15 11.11
Book Value per Share before Unrealized Gains 12.35 11.11 11.04
Diluted EPS after Extraordinary 0.27 0.26 1.28
EBITDA/ Share 1.11 0.89 2.13
Common Dividends Declared per Share 0.24 0.23 0.20
Dividend Payout Ratio(%) 88.89 88.46 15.63
Profitability (%)
ROAA 0.63 0.64 3.86
Investment Yield 1.87 1.71 1.95
Net Premiums Written/ Avg Equity(x) 1.42 1.78 1.74
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.