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CONDENSED 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
Revenue:        
Insurance premiums $ 42,845 $ 40,120 $ 85,047 $ 80,902
Investment income 2,537 2,085 4,896 4,244
Realized investment gains (losses), net (57) 1,396 313 2,279
Unrealized gains (losses) on equity securities, net 4,089 0 (330) 0
Other income 29 31 57 66
Total revenue 49,443 43,632 89,983 87,491
Benefits and expenses:        
Insurance benefits and losses incurred 32,219 27,032 65,391 57,029
Commissions and underwriting expenses 9,715 11,010 19,734 21,624
Interest expense 506 424 968 833
Other expense 2,970 2,981 6,208 6,167
Total benefits and expenses 45,410 41,447 92,301 85,653
Income (loss) before income taxes 4,033 2,185 (2,318) 1,838
Income tax expense (benefit) 848 725 (479) 599
Net income (loss) 3,185 1,460 (1,839) 1,239
Preferred stock dividends (100) (100) (199) (199)
Net income (loss) applicable to common shareholders $ 3,085 $ 1,360 $ (2,038) $ 1,040
Earnings (loss) per common share (basic and diluted) $ 0.15 $ 0.07 $ (0.10) $ 0.05