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Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
Net premiums earned $ 6,251 $ 4,740 $ 12,269 $ 8,854
Net investment income 79 24 157 28
Other income 155 65 459 120
Total revenue 6,485 4,829 12,885 9,002
Expenses:        
Net losses and loss adjustment expenses 3,017 1,175 3,646 1,559
Amortization of deferred policy acquisition costs 1,571 1,100 3,097 1,981
General and administrative expenses $ 1,985 $ 1,500 3,790 $ 2,101
Loss on termination of Management Services Agreement     5,421  
Accretion of discount on Series B Preferred Shares $ 109   109  
Total expenses 6,682 $ 3,775 16,063 $ 5,641
(Loss) Income before income tax (benefit) expense (197) 1,054 (3,178) 3,361
Income tax (benefit) expense (72) 438 (1,029) 1,042
Net (loss) income $ (125) $ 616 $ (2,149) 2,319
Less: beneficial conversion feature on convertible preferred shares       500
Net (loss) income attributable to common shareholders $ (125) $ 616 $ (2,149) $ 1,819
(Loss) Earnings per share - net (loss) income attributable to common shareholders:        
Basic $ (0.02) $ 0.15 $ (0.34) $ 0.71
Diluted $ (0.02) $ 0.15 $ (0.34) $ 0.70
Weighted average common shares outstanding        
Basic 6,355 4,052 6,357 2,548
Diluted 6,355 4,135 6,357 2,598
Consolidated Statements of Comprehensive (Loss) Income        
Net (loss) income $ (125) $ 616 $ (2,149) $ 2,319
Unrealized gains (losses) on fixed income securities (81) 13 (6) 10
Comprehensive (loss) income $ (206) $ 629 $ (2,155) $ 2,329