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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue and Other Income      
Gross earned premiums $ 123,050 $ 106,614 $ 103,203
Ceded earned premiums (24,248) (17,511) (14,114)
Net earned premiums 98,802 89,103 89,089
Net investment income 1,968 3,156 4,031
Net realized investment gains 2,878 8,126 1,196
Change in fair value of equity securities (2,020) 228 (427)
Other gains 11,664 260 0
Other income 2,671 2,615 2,109
Total revenue and other income 115,963 103,488 95,998
Expenses      
Losses and loss adjustment expenses, net 69,861 56,228 59,744
Policy acquisition costs 28,451 26,105 24,911
Operating expenses 16,509 18,468 17,582
Interest expense 2,852 2,925 2,882
Total expenses 117,673 103,726 105,119
Income (loss) before income taxes (1,710) (238) (9,121)
Equity earnings in Affiliate, net of tax 824 839 386
Income tax expense (benefit) 208 6 (913)
Net income (loss) $ (1,094) $ 595 $ (7,822)
Net income (loss) per share, basic and diluted $ (0.11) $ 0.06 $ (0.88)
Weighted average common shares outstanding, basic and diluted [1] 9,691,998 9,625,059 8,880,107
[1] The non-vested shares of the restricted stock units and stock options were anti-dilutive as of December 31, 2021, 2020, and 2019.  Therefore, the non-vested shares are excluded from earnings (loss) per share for the years ended December 31, 2021, 2020, and 2019.