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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Premiums        
Gross earned premiums $ 28,338 $ 25,258 $ 56,602 $ 48,804
Ceded earned premiums (3,841) (3,583) (7,965) (7,020)
Net earned premiums 24,497 21,675 48,637 41,784
Net investment income 663 528 1,240 1,065
Net realized investment gains (losses) 0 541 (8) 533
Other gains 750 0 750 0
Other income 372 283 726 528
Total revenue 26,282 23,027 51,345 43,910
Expenses        
Losses and loss adjustment expenses, net 16,674 13,541 32,407 26,240
Policy acquisition costs 6,428 6,014 12,900 12,017
Operating expenses 4,370 4,536 8,900 8,675
Interest expense 219 143 443 300
Total expenses 27,691 24,234 54,650 47,232
Income (loss) before equity earnings of affiliates and income taxes (1,409) (1,207) (3,305) (3,322)
Equity earnings of affiliates, net of tax 60 71 164 158
Income tax benefit (282) (623) (275) (623)
Net income (loss) $ (1,067) $ (513) $ (2,866) $ (2,541)
Earnings (loss) per per common share, basic and diluted (in dollars per share) $ (0.14) $ (0.07) $ (0.38) $ (0.33)
Weighted average common shares outstanding, basic and diluted (in shares) 7,633,069 7,594,862 7,633,069 7,616,821