XML 62 R55.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment Information - Information by Reportable Operating Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]        
Gross written premiums $ 18,971 $ 44,674 $ 43,284 $ 80,888
Net written premiums 13,247 29,328 28,638 47,670
Net earned premiums 16,666 23,183 33,553 45,135
Agency commission income 8,831 211 13,167 641
Other income 160 187 420 383
Segment revenue 25,657 23,581 47,140 46,159
Losses and LAE, net 15,281 19,319 25,801 33,032
Policy acquisition costs 10,480 4,413 17,493 9,134
Operating expenses 4,256 5,114 8,751 9,393
Segment expenses 30,017 28,846 52,045 51,559
Segment gain (loss) (4,360) (5,265) (4,905) (5,400)
Net investment income 1,505 1,354 3,057 2,661
Net realized investment gains (losses) (118) 0 (118) 0
Change in fair value of equity securities (196) (12) (153) 682
Interest expense (869) (820) (1,746) (1,506)
Income (loss) before equity earnings in Affiliate and income taxes (4,038) (4,743) (3,865) (3,563)
Operating Segments | Commercial Lines        
Segment Reporting Information [Line Items]        
Gross written premiums 6,782 34,761 19,544 63,736
Net written premiums 4,285 20,485 12,572 32,726
Net earned premiums 8,681 17,487 17,478 34,610
Other income 19 56 69 108
Segment revenue 8,700 17,543 17,547 34,718
Losses and LAE, net 6,906 13,597 13,672 24,144
Policy acquisition costs 1,155 2,966 2,302 6,162
Operating expenses 1,050 3,600 2,798 6,628
Segment expenses 9,111 20,163 18,772 36,934
Segment gain (loss) (411) (2,620) (1,225) (2,216)
Income (loss) before equity earnings in Affiliate and income taxes (411) (2,620) (1,225) (2,216)
Operating Segments | Personal Lines        
Segment Reporting Information [Line Items]        
Gross written premiums 12,189 9,913 23,740 17,152
Net written premiums 8,962 8,843 16,066 14,944
Net earned premiums 7,985 5,696 16,075 10,525
Other income 20 23 48 46
Segment revenue 8,005 5,719 16,123 10,571
Losses and LAE, net 8,375 5,722 12,129 8,888
Policy acquisition costs 2,236 1,453 4,249 2,842
Operating expenses 926 792 1,897 1,384
Segment expenses 11,537 7,967 18,275 13,114
Segment gain (loss) (3,532) (2,248) (2,152) (2,543)
Income (loss) before equity earnings in Affiliate and income taxes (3,532) (2,248) (2,152) (2,543)
Operating Segments | Total Underwriting        
Segment Reporting Information [Line Items]        
Gross written premiums 18,971 44,674 43,284 80,888
Net written premiums 13,247 29,328 28,638 47,670
Net earned premiums 16,666 23,183 33,553 45,135
Other income 39 79 117 154
Segment revenue 16,705 23,262 33,670 45,289
Losses and LAE, net 15,281 19,319 25,801 33,032
Policy acquisition costs 3,391 4,419 6,551 9,004
Operating expenses 1,976 4,392 4,695 8,012
Segment expenses 20,648 28,130 37,047 50,048
Segment gain (loss) (3,943) (4,868) (3,377) (4,759)
Income (loss) before equity earnings in Affiliate and income taxes (3,943) (4,868) (3,377) (4,759)
Operating Segments | Wholesale Agency        
Segment Reporting Information [Line Items]        
Agency commission income 13,688 560 24,282 1,390
Other income 83 34 194 83
Segment revenue 13,771 594 24,476 1,473
Policy acquisition costs 11,005 349 20,124 897
Operating expenses 2,046 365 3,679 717
Segment expenses 13,051 714 23,803 1,614
Segment gain (loss) 720 (120) 673 (141)
Income (loss) before equity earnings in Affiliate and income taxes 720 (120) 673 (141)
Corporate        
Segment Reporting Information [Line Items]        
Other income 38 74 109 146
Segment revenue 38 74 109 146
Operating expenses 234 357 377 664
Segment expenses 234 357 377 664
Segment gain (loss) (196) (283) (268) (518)
Net investment income 1,505 1,354 3,057 2,661
Net realized investment gains (losses) (118)   (118)  
Change in fair value of equity securities (196) (12) (153) 682
Interest expense (869) (820) (1,746) (1,506)
Income (loss) before equity earnings in Affiliate and income taxes 126 239 772 1,319
Eliminations        
Segment Reporting Information [Line Items]        
Agency commission income (4,857) (349) (11,115) (749)
Other income 0 0 0 0
Segment revenue (4,857) (349) (11,115) (749)
Policy acquisition costs (3,916) (355) (9,182) (767)
Segment expenses (3,916) (355) (9,182) (767)
Segment gain (loss) (941) 6 (1,933) 18
Income (loss) before equity earnings in Affiliate and income taxes $ (941) $ 6 $ (1,933) $ 18