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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Insurance premiums, net $ 45,469 $ 42,845 $ 90,251 $ 85,047
Net investment income 2,313 2,537 4,647 4,896
Realized investment gains (losses), net 610 (57) 1,995 313
Unrealized gains (losses) on equity securities, net (5,337) 4,089 1,152 (330)
Other income 72 29 100 57
Total revenue 43,127 49,443 98,145 89,983
Benefits and expenses:        
Insurance benefits and losses incurred 34,151 32,219 69,458 65,391
Commissions and underwriting expenses 11,509 9,715 22,524 19,734
Interest expense 545 506 1,091 968
Other expense 2,511 2,970 5,376 6,208
Total benefits and expenses 48,716 45,410 98,449 92,301
Income (loss) before income taxes (5,589) 4,033 (304) (2,318)
Income tax expense (benefit) (1,163) 848 (40) (479)
Net income (loss) (4,426) 3,185 (264) (1,839)
Preferred stock dividends (100) (100) (199) (199)
Net income (loss) applicable to common shareholders $ (4,526) $ 3,085 $ (463) $ (2,038)
Earnings (loss) per common share (basic) (in dollars per share) $ (0.22) $ 0.15 $ (0.02) $ (0.10)
Earnings (loss) per common share (diluted) (in dollars per share) $ (0.22) $ 0.15 $ (0.02) $ (0.10)