Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Information by Reportable Segment

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

Three months ended September 30, 2024	Commercial Lines			Personal Lines			Total Underwriting			Corporate			Total
Gross written premiums	$	4,018		$	11,068		$	15,086		$	—		$	15,086
Net written premiums	$	1,481		$	9,693		$	11,174		$	—		$	11,174
Net earned premiums	$	6,428		$	8,173		$	14,601		$	—		$	14,601
Other income		—			—			—			61			61
Segment revenue		6,428			8,173			14,601			61			14,662
Losses and LAE, net		10,798			4,354			15,152			—			15,152
Policy acquisition costs		929			2,320			3,249			—			3,249
Operating expenses		939			1,555			2,494			1,100			3,594
Segment expenses		12,666			8,229			20,895			1,100			21,995
Segment gain (loss)	$	(6,238	)	$	(56	)	$	(6,294	)	$	(1,039	)	$	(7,333	)
Investment income											1,391			1,391
Net realized investment gains (losses)											(7	)		(7	)
Change in fair value of equity securities											(29	)		(29	)
Interest expense											(2,275	)		(2,275	)
Income (loss) from continuing operations before income taxes	$	(6,238	)	$	(56	)	$	(6,294	)	$	(1,959	)	$	(8,253	)

Three months ended September 30, 2023	Commercial Lines			Personal Lines			Total Underwriting			Corporate			Total
Gross written premiums	$	28,492		$	10,056		$	38,548		$	—		$	38,548
Net written premiums	$	(3,155	)	$	8,844		$	5,689		$	—		$	5,689
Net earned premiums	$	17,315		$	6,664		$	23,979		$	—		$	23,979
Other income		61			24			85			24			109
Segment revenue		17,376			6,688			24,064			24			24,088
Losses and LAE, net		15,424			5,487			20,911			—			20,911
Policy acquisition costs		2,587			1,813			4,400			—			4,400
Operating expenses		2,928			845			3,773			320			4,093
Segment expenses		20,939			8,145			29,084			320			29,404
Segment gain (loss)	$	(3,563	)	$	(1,457	)	$	(5,020	)	$	(296	)	$	(5,316	)
Investment income											1,439			1,439
Change in fair value of equity securities											(87	)		(87	)
Interest expense											(855	)		(855	)
Income (loss) from continuing operations before income taxes	$	(3,563	)	$	(1,457	)	$	(5,020	)	$	201		$	(4,819	)

Nine months ended September 30, 2024	Commercial Lines			Personal Lines			Total Underwriting			Corporate			Total
Gross written premiums	$	23,562		$	34,808		$	58,370		$	—		$	58,370
Net written premiums	$	14,053		$	25,759		$	39,812		$	—		$	39,812
Net earned premiums	$	23,906		$	24,248		$	48,154		$	—		$	48,154
Other income		69			48			117			170			287
Segment revenue		23,975			24,296			48,271			170			48,441
Losses and LAE, net		24,470			16,483			40,953			—			40,953
Policy acquisition costs		3,231			6,569			9,800			—			9,800
Operating expenses		3,737			3,452			7,189			1,477			8,666
Segment expenses		31,438			26,504			57,942			1,477			59,419
Segment gain (loss)	$	(7,463	)	$	(2,208	)	$	(9,671	)	$	(1,307	)	$	(10,978	)
Investment income											4,411			4,411
Net realized investment gains (losses)											(125	)		(125	)
Change in fair value of equity securities											(182	)		(182	)
Interest expense											(4,021	)		(4,021	)
Income (loss) from continuing operations before income taxes	$	(7,463	)	$	(2,208	)	$	(9,671	)	$	(1,224	)	$	(10,895	)

Nine months ended September 30, 2023	Commercial Lines			Personal Lines			Total Underwriting			Corporate			Total
Gross written premiums	$	92,228		$	27,208		$	119,436		$	—		$	119,436
Net written premiums	$	29,571		$	23,788		$	53,359		$	—		$	53,359
Net earned premiums	$	51,925		$	17,189		$	69,114		$	—		$	69,114
Other income		169			70			239			169			408
Segment revenue		52,094			17,259			69,353			169			69,522
Losses and LAE, net		39,568			14,375			53,943			—			53,943
Policy acquisition costs		8,750			4,655			13,405			—			13,405
Operating expenses		9,556			2,229			11,785			984			12,769
Segment expenses		57,874			21,259			79,133			984			80,117
Segment gain (loss)	$	(5,780	)	$	(4,000	)	$	(9,780	)	$	(815	)	$	(10,595	)
Investment income											4,036			4,036
Change in fair value of equity securities											595			595
Interest expense											(2,361	)		(2,361	)
Income (loss) from continuing operations before income taxes	$	(5,780	)	$	(4,000	)	$	(9,780	)	$	1,455		$	(8,325	)