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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Insurance premiums, net $ 45,005 $ 42,557 $ 135,256 $ 127,604
Net investment income 2,187 2,215 6,834 7,111
Realized investment gains (losses), net (430) 484 1,565 797
Unrealized gains on equity securities, net 944 1,083 2,096 753
Other income 39 31 139 88
Total revenue 47,745 46,370 145,890 136,353
Benefits and expenses:        
Insurance benefits and losses incurred 34,719 33,087 104,177 98,478
Commissions and underwriting expenses 11,471 8,722 33,995 28,456
Interest expense 533 529 1,624 1,497
Other expense 2,766 2,960 8,142 9,168
Total benefits and expenses 49,489 45,298 147,938 137,599
Income (loss) before income taxes (1,744) 1,072 (2,048) (1,246)
Income tax expense (benefit) (352) 138 (392) (341)
Net income (loss) (1,392) 934 (1,656) (905)
Preferred stock dividends (100) (100) (299) (299)
Net income (loss) applicable to common shareholders $ (1,492) $ 834 $ (1,955) $ (1,204)
Earnings (loss) per common share (basic and diluted) (in dollars per share) $ (0.07) $ 0.04 $ (0.10) $ (0.06)