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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Insurance premiums, net $ 47,065 $ 45,133 $ 94,146 $ 91,223
Net investment income 2,529 2,266 4,869 4,379
Realized investment gains (losses), net (62) 50 (72) 171
Unrealized gains (losses) on equity securities, net (4,866) 4,003 (2,673) 4,747
Other income 3 5 7 12
Total revenue 44,669 51,457 96,277 100,532
Benefits and expenses:        
Insurance benefits and losses incurred 32,753 31,703 63,922 64,975
Commissions and underwriting expenses 10,215 12,179 23,051 24,743
Interest expense 414 347 768 693
Other expense 3,402 3,474 6,855 6,914
Total benefits and expenses 46,784 47,703 94,596 97,325
Income (loss) before income taxes (2,115) 3,754 1,681 3,207
Income tax expense (benefit) (436) 792 518 676
Net Income (loss) (1,679) 2,962 1,163 2,531
Preferred stock dividends (100) (100) (199) (199)
Net Income (loss) applicable to common shareholders $ (1,779) $ 2,862 $ 964 $ 2,332
Earnings (loss) per common share (basic) (in dollars per share) $ (0.09) $ 0.14 $ 0.05 $ 0.11
Earnings (loss) per common share (diluted) (in dollars per share) $ (0.09) $ 0.14 $ 0.05 $ 0.11