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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Premiums    
Gross earned premiums $ 27,724 $ 28,264
Ceded earned premiums (3,924) (4,124)
Net earned premiums 23,800 24,140
Net investment income 802 577
Net realized investment gains (losses) 161 (8)
Change in fair value of equity securities (297) 0
Other income 357 354
Total revenue 24,823 25,063
Expenses    
Losses and loss adjustment expenses, net 13,328 15,733
Policy acquisition costs 6,513 6,472
Operating expenses 4,187 4,530
Interest expense 619 224
Total expenses 24,647 26,959
Income (loss) before equity earnings of affiliates and income taxes 176 (1,896)
Equity earnings of affiliates, net of tax 55 104
Income tax expense 18 6
Net income (loss) $ 213 $ (1,798)
Earnings (loss) per per common share, basic and diluted (in dollars per share) $ 0.02 $ (0.24)
Weighted average common shares outstanding, basic and diluted (in shares) 8,520,328 7,633,069