Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Information by Reportable Segment

The following tables present information by reportable operating segment (dollars in thousands):

Three months ended June 30, 2021	Commercial Lines			Personal Lines		Total Underwriting			Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	30,947		$	4,034	$	34,981		$	—		$	—		$	—		$	34,981
Net written premiums	$	24,672		$	3,860	$	28,532		$	—		$	—		$	—		$	28,532
Net earned premiums	$	22,188		$	2,650	$	24,838		$	—		$	—		$	—		$	24,838
Other income		52			44		96			1,971			28			(1,429	)		666
Segment revenue		22,240			2,694		24,934			1,971			28			(1,429	)		25,504
Losses and LAE, net		16,940			986		17,926			—			—			—			17,926
Policy acquisition costs		6,326			740		7,066			1,242			—			(1,412	)		6,896
Operating expenses		2,852			391		3,243			816			283			—			4,342
Segment expenses		26,118			2,117		28,235			2,058			283			(1,412	)		29,164
Segment gain (loss)	$	(3,878	)	$	577	$	(3,301	)	$	(87	)	$	(255	)	$	(17	)	$	(3,660	)
Investment income													503						503
Net realized investment gains													1,060						1,060
Change in fair value of equity securities													(525	)					(525	)
Other gains													8,910						8,910
Interest expense													(732	)					(732	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(3,878	)	$	577	$	(3,301	)	$	(87	)	$	8,961		$	(17	)	$	5,556

Three months ended June 30, 2020	Commercial Lines			Personal Lines		Total Underwriting			Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	25,600		$	1,945	$	27,545		$	—		$	—		$	—		$	27,545
Net written premiums	$	21,377		$	1,688	$	23,065		$	—		$	—		$	—		$	23,065
Net earned premiums	$	20,105		$	1,653	$	21,758		$	—		$	—		$	—		$	21,758
Other income		82			36		118			2,081			132			(1,618	)		713
Segment revenue		20,187			1,689		21,876			2,081			132			(1,618	)		22,471
Losses and LAE, net		11,275			670		11,945			—			—			—			11,945
Policy acquisition costs		6,119			506		6,625			1,448			—			(1,678	)		6,395
Operating expenses		3,145			272		3,417			736			706			—			4,859
Segment expenses		20,539			1,448		21,987			2,184			706			(1,678	)		23,199
Segment gain (loss)	$	(352	)	$	241	$	(111	)	$	(103	)	$	(574	)	$	60		$	(728	)
Investment income													863						863
Net realized investment gains													245						245
Change in fair value of equity securities													1,576						1,576
Other gains													145						145
Interest expense													(731	)					(731	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(352	)	$	241	$	(111	)	$	(103	)	$	1,524		$	60		$	1,370

Six months ended June 30, 2021	Commercial Lines			Personal Lines			Total Underwriting			Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	58,168		$	7,186		$	65,354		$	—		$	—		$	—		$	65,354
Net written premiums	$	46,229		$	6,786		$	53,015		$	—		$	—		$	—		$	53,015
Net earned premiums	$	42,894		$	4,779		$	47,673		$	—		$	—		$	—		$	47,673
Other income		108			84			192			3,697			71			(2,738	)		1,222
Segment revenue		43,002			4,863			47,865			3,697			71			(2,738	)		48,895
Losses and LAE, net		33,895			3,393			37,288			—			—			—			37,288
Policy acquisition costs		12,644			1,340			13,984			2,369			—			(2,707	)		13,646
Operating expenses		5,807			740			6,547			1,560			584			—			8,691
Segment expenses		52,346			5,473			57,819			3,929			584			(2,707	)		59,625
Segment gain (loss)	$	(9,344	)	$	(610	)	$	(9,954	)	$	(232	)	$	(513	)	$	(31	)	$	(10,730	)
Investment income														1,035						1,035
Net realized investment gains														3,984						3,984
Change in fair value of equity securities														(1,065	)					(1,065	)
Other gains														8,910						8,910
Interest expense														(1,453	)					(1,453	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(9,344	)	$	(610	)	$	(9,954	)	$	(232	)	$	10,898		$	(31	)	$	681

Six months ended June 30, 2020	Commercial Lines			Personal Lines		Total Underwriting			Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	49,044		$	3,585	$	52,629		$	—		$	—		$	—		$	52,629
Net written premiums	$	41,064		$	3,052	$	44,116		$	—		$	—		$	—		$	44,116
Net earned premiums	$	40,536		$	3,239	$	43,775		$	—		$	—		$	—		$	43,775
Other income		156			72		228			4,015			163			(3,035	)		1,371
Segment revenue		40,692			3,311		44,003			4,015			163			(3,035	)		45,146
Losses and LAE, net		24,736			1,478		26,214			—			—			—			26,214
Policy acquisition costs		12,283			995		13,278			2,656			—			(3,236	)		12,698
Operating expenses		6,648			547		7,195			1,641			1,068			—			9,904
Segment expenses		43,667			3,020		46,687			4,297			1,068			(3,236	)		48,816
Segment gain (loss)	$	(2,975	)	$	291	$	(2,684	)	$	(282	)	$	(905	)	$	201		$	(3,670	)
Investment income													1,817						1,817
Net realized investment gains													1,173						1,173
Change in fair value of equity securities													(1,510	)					(1,510	)
Other gains													260						260
Interest expense													(1,462	)					(1,462	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(2,975	)	$	291	$	(2,684	)	$	(282	)	$	(627	)	$	201		$	(3,392	)