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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Insurance premiums, net $ 46,380 $ 46,092 $ 140,526 $ 137,315
Net investment income 2,641 2,137 7,510 6,516
Realized investment gains, net 101 349 29 520
Unrealized gains (losses) on equity securities, net (2,783) 711 (5,456) 5,458
Other income 4 1 11 13
Total revenue 46,343 49,290 142,620 149,822
Benefits and expenses:        
Insurance benefits and losses incurred 30,630 35,045 94,552 100,020
Commissions and underwriting expenses 12,843 11,927 35,894 36,670
Interest expense 523 347 1,291 1,040
Other expense 3,296 3,264 10,151 10,178
Total benefits and expenses 47,292 50,583 141,888 147,908
Income (loss) before income taxes (949) (1,293) 732 1,914
Income tax expense (benefit) (265) (378) 253 298
Net income (loss) (684) (915) 479 1,616
Preferred stock dividends (100) (100) (299) (299)
Net income (loss) applicable to common shareholders $ (784) $ (1,015) $ 180 $ 1,317
Earnings (loss) per common share (basic) (in dollars per share) $ (0.04) $ (0.05) $ 0.01 $ 0.06
Earnings (loss) per common share (diluted) (in dollars per share) $ (0.04) $ (0.05) $ 0.01 $ 0.06