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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue        
Gross written premiums $ 23,059 $ 19,001 $ 44,263 $ 36,668
Ceded (7,117) (2,309) $ (14,655) (3,267)
Change in net unearned premiums (827) (2,735) (6,769)
Net earned premiums 15,115 13,957 $ 29,608 26,632
Net investment income 469 282 955 502
Net realized investment gains 87 81 232 172
Other income 480 505 969 1,037
Total revenue 16,151 14,825 31,764 28,343
Expenses        
Losses and loss adjustment expenses, net 8,976 9,686 17,546 20,262
Policy acquisition costs 2,639 3,519 5,234 6,750
Operating expenses 3,619 3,213 7,311 6,107
Interest expense 239 123 483 252
Total expenses 15,473 16,541 30,574 33,371
Income (loss) before income taxes 678 (1,716) 1,190 (5,028)
Income tax expense (benefit) 48 (191) 48 (309)
Net income (loss) 630 (1,525) 1,142 (4,719)
Less net income attributable to noncontrolling interest 51 11 100 46
Total impact to net income (loss) 579 (1,536) 1,042 (4,765)
Net income (loss) allocable to common shareholders $ 366 $ (1,552) $ 616 $ (4,792)
Income (loss) per share allocable to common shareholders, basic and diluted (in dollars per share) $ 0.09 $ (0.66) $ 0.15 $ (2.13)
Weighted average common shares, basic and diluted (in shares) 4,050,042 2,357,220 4,045,482 2,248,599