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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Premiums        
Gross earned premiums $ 27,253 $ 23,042 $ 76,057 $ 66,203
Ceded earned premiums (3,873) (5,159) (10,893) (18,712)
Net earned premiums 23,380 17,883 65,164 47,491
Net investment income 560 505 1,625 1,460
Net realized investment gains 71 6 604 238
Other gains 0 104 0 104
Other income 303 523 829 1,492
Total revenue 24,314 19,021 68,222 50,785
Expenses        
Losses and loss adjustment expenses, net 14,582 9,813 40,822 27,359
Policy acquisition costs 6,266 4,605 18,282 9,839
Operating expenses 4,710 3,325 13,384 10,636
Interest expense 168 181 468 664
Total expenses 25,726 17,924 72,956 48,498
Income (loss) before equity earnings of affiliates and income taxes (1,412) 1,097 (4,734) 2,287
Equity earnings (loss) of affiliates, net of tax (47) 0 111 0
Income tax (benefit) expense 16 (48) (607) 0
Net income (loss) (1,475) 1,145 (4,016) 2,287
Less net income attributable to noncontrolling interest 0 (181) 0 (81)
Net income (loss) attributable to Conifer (1,475) 1,326 (4,016) 2,368
Net income (loss) allocable to common shareholders $ (1,475) $ 1,212 $ (4,016) $ 1,828
Earnings (loss) per per common share, basic and diluted (in dollars per share) $ (0.19) $ 0.21 $ (0.53) $ 0.40
Weighted average common shares outstanding, basic and diluted 7,608,284 5,701,794 7,613,954 4,603,451