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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Premiums        
Gross earned premiums $ 27,856 $ 28,338 $ 55,581 $ 56,602
Ceded earned premiums (3,918) (3,841) (7,842) (7,965)
Net earned premiums 23,938 24,497 47,739 48,637
Net investment income 838 663 1,639 1,240
Net realized investment gains (losses) 12 0 173 (8)
Change in fair value of equity securities 29 0 (268) 0
Other gains 0 750 0 750
Other income 450 372 807 726
Total revenue 25,267 26,282 50,090 51,345
Expenses        
Losses and loss adjustment expenses, net 15,067 16,674 28,396 32,407
Policy acquisition costs 6,472 6,428 12,985 12,900
Operating expenses 4,303 4,370 8,489 8,900
Interest expense 617 219 1,236 443
Total expenses 26,459 27,691 51,106 54,650
Income (loss) before equity earnings of affiliates and income taxes (1,192) (1,409) (1,016) (3,305)
Equity earnings of affiliates, net of tax 89 60 144 164
Income tax (benefit) expense 10 (282) 28 (275)
Net income (loss) $ (1,113) $ (1,067) $ (900) $ (2,866)
Earnings (loss) per per common share, basic and diluted (in dollars per share) $ (0.13) $ (0.14) $ (0.11) $ (0.38)
Weighted average common shares outstanding, basic and diluted (in shares) 8,520,328 7,633,069 8,520,328 7,633,069