XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Insurance premiums, net $ 44,993 $ 46,060 $ 89,545 $ 92,160
Net investment income 2,416 2,559 4,972 5,100
Realized investment gains, net 13 70 13 70
Unrealized gains (losses) on equity securities, net 243 494 129 (1,881)
Other income 3 5 6 8
Total revenue 47,668 49,188 94,665 95,457
Benefits and expenses:        
Insurance benefits and losses incurred 31,807 29,365 63,732 59,825
Commissions and underwriting expenses 11,584 12,848 24,250 25,766
Interest expense 867 807 1,722 1,557
Other expense 4,259 3,951 8,316 7,910
Total benefits and expenses 48,517 46,971 98,020 95,058
Income (loss) before income taxes (849) 2,217 (3,355) 399
Income tax expense (benefit) (165) 473 (673) 101
Net income (loss) (684) 1,744 (2,682) 298
Preferred stock dividends (100) (100) (199) (199)
Net income (loss) applicable to common shareholders $ (784) $ 1,644 $ (2,881) $ 99
Earnings (loss) per common share (basic) (in dollars per share) $ (0.04) $ 0.08 $ (0.14) $ 0
Earnings (loss) per common share (diluted) (in dollars per share) $ (0.04) $ 0.08 $ (0.14) $ 0