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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue and Other Income    
Gross earned premiums $ 32,764 $ 28,247
Ceded earned premiums (8,809) (5,412)
Net earned premiums 23,955 22,835
Net investment income 507 532
Net realized investment gains (losses) (69) 2,924
Change in fair value of equity securities 280 (540)
Other gains (losses) (5)  
Other income 698 556
Total revenue and other income 25,366 26,307
Expenses    
Losses and loss adjustment expenses, net 18,018 19,362
Policy acquisition costs 5,464 6,750
Operating expenses 4,160 4,349
Interest expense 711 721
Total expenses 28,353 31,182
Income (loss) before equity earnings in Affiliate and income taxes (2,987) (4,875)
Equity earnings in Affiliate, net of tax 76 248
Income tax expense (benefit) (41) 9
Net income (loss) $ (2,870) $ (4,636)
Earnings (loss) per common share, basic and diluted $ (0.30) $ (0.48)
Weighted average common shares outstanding, basic and diluted [1] 9,707,817 9,681,728
[1] The non-vested shares of the restricted stock units and stock options were anti-dilutive as of March 31, 2022 and 2021.  Therefore, the basic and diluted weighted average common shares are equal for the three months ended March 31, 2022 and 2021