XML 29 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Insurance premiums, net $ 45,550 $ 44,782
Net investment income 2,039 2,334
Realized investment gains, net 249 1,385
Unrealized gains (losses) on equity securities, net (8,455) 6,489
Other income 27 28
Total revenue 39,410 55,018
Benefits and expenses:    
Insurance benefits and losses incurred 33,583 35,307
Commissions and underwriting expenses 12,626 11,015
Interest expense 476 546
Other expense 2,952 2,865
Total benefits and expenses 49,637 49,733
Income (loss) before income taxes (10,227) 5,285
Income tax expense (benefit) (2,140) 1,123
Net income (loss) (8,087) 4,162
Preferred stock dividends (99) (99)
Net income (loss) applicable to common shareholders $ (8,186) $ 4,063
Earnings (loss) per common share (basic) (in dollars per share) $ (0.40) $ 0.20
Earnings (loss) per common share (diluted) (in dollars per share) $ (0.40) $ 0.19