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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Insurance premiums, net $ 46,499 $ 45,469 $ 92,049 $ 90,251
Net investment income 1,850 2,313 3,889 4,647
Realized investment gains, net 0 610 249 1,995
Unrealized gains (losses) on equity securities, net 1,355 (5,337) (7,100) 1,152
Other income 33 72 60 100
Total revenue 49,737 43,127 89,147 98,145
Benefits and expenses:        
Insurance benefits and losses incurred 27,076 34,151 60,659 69,458
Commissions and underwriting expenses 10,854 11,509 23,480 22,524
Interest expense 414 545 890 1,091
Other expense 3,112 2,511 6,064 5,376
Total benefits and expenses 41,456 48,716 91,093 98,449
Income (loss) before income taxes 8,281 (5,589) (1,946) (304)
Income tax expense (benefit) 1,749 (1,163) (391) (40)
Net income (loss) 6,532 (4,426) (1,555) (264)
Preferred stock dividends (100) (100) (199) (199)
Net income (loss) applicable to common shareholders $ 6,432 $ (4,526) $ (1,754) $ (463)
Earnings (loss) per common share (basic) (in dollars per share) $ 0.31 $ (0.22) $ (0.09) $ (0.02)
Earnings (loss) per common share (diluted) (in dollars per share) $ 0.30 $ (0.22) $ (0.09) $ (0.02)