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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenue:    
Insurance premiums, net $ 185,440 $ 184,216
Net investment income 9,932 8,528
Realized investment gains, net 30 4,903
Unrealized gains (losses) on equity securities, net (7,562) 1,894
Other income 11 13
Total revenue 187,851 199,554
Benefits and expenses:    
Insurance benefits and losses incurred 123,456 131,694
Commissions and underwriting expenses 46,713 47,496
Interest expense 1,952 1,387
Other expense 13,634 13,675
Total benefits and expenses 185,755 194,252
Income before income taxes 2,096 5,302
Income tax expense 571 1,021
Net income 1,525 4,281
Preferred stock dividends (399) (399)
Net income applicable to common shareholders $ 1,126 $ 3,882
Earnings per common share (basic) (in dollars per share) $ 0.06 $ 0.19
Earnings per common share (diluted) (in dollars per share) $ 0.06 $ 0.19