Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Information by Reportable Segment

The following tables present information by reportable operating segment (dollars in thousands):

Three months ended June 30, 2023	Commercial Lines			Personal Lines			Total Underwriting			Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	34,761		$	9,913		$	44,674		$	—		$	—		$	—		$	44,674
Net written premiums	$	20,485		$	8,843		$	29,328		$	—		$	—		$	—		$	29,328
Net earned premiums	$	17,487		$	5,696		$	23,183		$	—		$	—		$	—		$	23,183
Other income		56			23			79			594			74			(349	)		398
Segment revenue		17,543			5,719			23,262			594			74			(349	)		23,581
Losses and LAE, net		13,597			5,722			19,319			—			—			—			19,319
Policy acquisition costs		2,966			1,453			4,419			349			—			(355	)		4,413
Operating expenses		3,600			792			4,392			365			357			—			5,114
Segment expenses		20,163			7,967			28,130			714			357			(355	)		28,846
Segment gain (loss)	$	(2,620	)	$	(2,248	)	$	(4,868	)	$	(120	)	$	(283	)	$	6		$	(5,265	)
Investment income														1,354						1,354
Net realized investment gains (losses)														—						—
Change in fair value of equity securities														(12	)					(12	)
Other gains (losses)														—						—
Interest expense														(820	)					(820	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(2,620	)	$	(2,248	)	$	(4,868	)	$	(120	)	$	239		$	6		$	(4,743	)

Three months ended June 30, 2022	Commercial Lines			Personal Lines			Total Underwriting			Wholesale Agency		Corporate			Eliminations			Total
Gross written premiums	$	32,076		$	5,342		$	37,418		$	—	$	—		$	—		$	37,418
Net written premiums	$	22,386		$	4,880		$	27,266		$	—	$	—		$	—		$	27,266
Net earned premiums	$	20,784		$	3,792		$	24,576		$	—	$	—		$	—		$	24,576
Other income		67			26			93			1,064		147			(641	)		663
Segment revenue		20,851			3,818			24,669			1,064		147			(641	)		25,239
Losses and LAE, net		19,906			2,345			22,251			—		—			—			22,251
Policy acquisition costs		4,410			1,223			5,633			770		—			(678	)		5,725
Operating expenses		3,508			484			3,992			274		204			—			4,470
Segment expenses		27,824			4,052			31,876			1,044		204			(678	)		32,446
Segment gain (loss)	$	(6,973	)	$	(234	)	$	(7,207	)	$	20	$	(57	)	$	37		$	(7,207	)
Investment income													564						564
Net realized investment gains (losses)													(1,436	)					(1,436	)
Change in fair value of equity securities													317						317
Other gains													(1	)					(1	)
Interest expense													(727	)					(727	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(6,973	)	$	(234	)	$	(7,207	)	$	20	$	(1,340	)	$	37		$	(8,490	)

Six months ended June 30, 2023	Commercial Lines			Personal Lines			Total Underwriting			Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	63,736		$	17,152		$	80,888		$	—		$	—		$	—		$	80,888
Net written premiums	$	32,726		$	14,944		$	47,670		$	—		$	—		$	—		$	47,670
Net earned premiums	$	34,610		$	10,525		$	45,135		$	—		$	—		$	—		$	45,135
Other income		108			46			154			1,473			146			(749	)		1,024
Segment revenue		34,718			10,571			45,289			1,473			146			(749	)		46,159
Losses and LAE, net		24,144			8,888			33,032			—			—			—			33,032
Policy acquisition costs		6,162			2,842			9,004			897			—			(767	)		9,134
Operating expenses		6,628			1,384			8,012			717			664			—			9,393
Segment expenses		36,934			13,114			50,048			1,614			664			(767	)		51,559
Segment gain (loss)	$	(2,216	)	$	(2,543	)	$	(4,759	)	$	(141	)	$	(518	)	$	18		$	(5,400	)
Investment income														2,661						2,661
Net realized investment gains (losses)														0						—
Change in fair value of equity securities														682						682
Other gains														—						—
Interest expense														(1,506	)					(1,506	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(2,216	)	$	(2,543	)	$	(4,759	)	$	(141	)	$	1,319		$	18		$	(3,563	)

Six months ended June 30, 2022	Commercial Lines			Personal Lines		Total Underwriting			Wholesale Agency		Corporate			Eliminations			Total
Gross written premiums	$	60,662		$	9,720	$	70,382		$	—	$	—		$	—		$	70,382
Net written premiums	$	36,726		$	8,561	$	45,287		$	—	$	—		$	—		$	45,287
Net earned premiums	$	41,308		$	7,223	$	48,531		$	—	$	—		$	—		$	48,531
Other income		138			32		170			2,176		294			(1,279	)		1,361
Segment revenue		41,446			7,255		48,701			2,176		294			(1,279	)		49,892
Losses and LAE, net		36,516			3,753		40,269			—		—			—			40,269
Policy acquisition costs		8,767			2,316		11,083			1,528		—			(1,422	)		11,189
Operating expenses		6,669			886		7,555			566		509			—			8,630
Segment expenses		51,952			6,955		58,907			2,094		509			(1,422	)		60,088
Segment gain (loss)	$	(10,506	)	$	300	$	(10,206	)	$	82	$	(215	)	$	143		$	(10,196	)
Investment income												1,071						1,071
Net realized investment gains (losses)												(1,505	)					(1,505	)
Change in fair value of equity securities												597						597
Other gains												(6	)					(6	)
Interest expense												(1,438	)					(1,438	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(10,506	)	$	300	$	(10,206	)	$	82	$	(1,496	)	$	143		$	(11,477	)