XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue and Other Income    
Gross earned premiums $ 106,612 $ 146,572
Ceded earned premiums (45,750) (62,637)
Net earned premiums 60,862 83,935
Net investment income 5,763 5,447
Net realized investment gains (losses) (125) (20)
Change in fair value of equity securities (203) 608
Other gains 646 0
Other income 328 552
Total revenue and other income 67,271 90,522
Expenses    
Losses and loss adjustment expenses, net 73,302 82,413
Policy acquisition costs 13,335 15,797
Operating expenses 11,831 16,738
Interest expense 4,883 3,206
Total expenses 103,351 118,154
Income (loss) from continuing operations before income taxes (36,080) (27,632)
Income tax expense (benefit) (1,840) (353)
Net income (loss) from continuing operations (34,240) (27,279)
Net income from discontinued operations 58,587 1,375
Net income (loss) 24,347 (25,904)
Series A Preferred Stock Dividends and Redemption premium 817 19
Net income (loss) allocable to common shareholders $ 23,530 $ (25,923)
Earnings (loss) per common share, basic and diluted    
Net income (loss) from continuing operations, basic $ (2.87) $ (2.23)
Net income (loss) from continuing operations, diluted (2.87) (2.23)
Net income from discontinued operations, basic 4.79 0.11
Net income from discontinued operations, diluted 4.79 0.11
Net income (loss) allocable to common shareholders, basic 1.93 (2.12)
Net income (loss) allocable to common shareholders, diluted $ 1.93 $ (2.12)
Weighted average common shares outstanding, basic 12,222,881 12,220,511
Weighted average common shares outstanding, diluted 12,222,881 12,220,511