XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Premiums    
Gross earned premiums $ 28,264 $ 23,546
Ceded earned premiums (4,124) (3,437)
Net earned premiums 24,140 20,109
Net investment income 577 537
Net realized investment gains (losses) (8) (8)
Other income 354 245
Total revenue 25,063 20,883
Expenses    
Losses and loss adjustment expenses, net 15,733 12,699
Policy acquisition costs 6,472 6,003
Operating expenses 4,530 4,139
Interest expense 224 157
Total expenses 26,959 22,998
Income (loss) before equity earnings of affiliates and income taxes (1,896) (2,115)
Equity earnings of affiliates, net of tax 104 87
Income tax expense 6 0
Net income (loss) $ (1,798) $ (2,028)
Earnings (loss) per per common share, basic and diluted (in dollars per share) $ (0.24) $ (0.27)
Weighted average common shares outstanding, basic and diluted 7,633,069 7,638,780