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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Premiums        
Gross earned premiums $ 28,891 $ 27,253 $ 85,493 $ 76,057
Ceded earned premiums (11,232) (3,873) (19,198) (10,893)
Net earned premiums 17,659 23,380 66,295 65,164
Net investment income 768 560 2,008 1,625
Net realized investment gains 39 71 31 604
Other gains 0 0 750 0
Other income 477 303 1,203 829
Total revenue 18,943 24,314 70,287 68,222
Expenses        
Losses and loss adjustment expenses, net 26,468 14,582 58,875 40,822
Policy acquisition costs 6,655 6,266 19,555 18,282
Operating expenses 4,474 4,710 13,374 13,384
Interest expense 303 168 745 468
Total expenses 37,900 25,726 92,549 72,956
Income (loss) before equity earnings of affiliates and income taxes (18,957) (1,412) (22,262) (4,734)
Equity earnings of affiliates, net of tax (76) (47) 89 111
Income tax (benefit) expense (135) 16 (410) (607)
Net income (loss) $ (18,898) $ (1,475) $ (21,763) $ (4,016)
Earnings (loss) per per common share, basic and diluted (in dollars per share) $ (2.46) $ (0.19) $ (2.85) $ (0.53)
Weighted average common shares outstanding, basic and diluted (in shares) 7,675,952 7,608,284 7,647,520 7,613,954