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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Insurance premiums, net $ 44,552 $ 46,100
Net investment income 2,556 2,541
Unrealized losses on equity securities, net (114) (2,375)
Other income 3 3
Total revenue 46,997 46,269
Benefits and expenses:    
Insurance benefits and losses incurred 31,925 30,460
Commissions and underwriting expenses 12,666 12,918
Interest expense 855 750
Other expense 4,057 3,959
Total benefits and expenses 49,503 48,087
Loss before income taxes (2,506) (1,818)
Income tax benefit (508) (372)
Net loss (1,998) (1,446)
Preferred stock dividends (99) (99)
Net loss applicable to common shareholders $ (2,097) $ (1,545)
Loss per common share (basic) (in dollars per share) $ (0.1) $ (0.08)
Loss per common share (diluted) (in dollars per share) $ (0.1) $ (0.08)