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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Insurance premiums, net $ 43,782 $ 43,746 $ 133,327 $ 135,906
Net investment income 2,477 2,325 7,449 7,425
Realized investment gains, net 4 0 17 70
Unrealized losses on equity securities, net (1,746) (1,486) (1,617) (3,367)
Other income 2 6 8 14
Total revenue 44,519 44,591 139,184 140,048
Benefits and expenses:        
Insurance benefits and losses incurred 30,760 26,818 94,492 86,643
Commissions and underwriting expenses 11,490 11,064 35,740 36,830
Interest expense 869 850 2,591 2,407
Other expense 3,854 3,721 12,170 11,631
Total benefits and expenses 46,973 42,453 144,993 137,511
Income (loss) before income taxes (2,454) 2,138 (5,809) 2,537
Income tax expense (benefit) (456) 379 (1,129) 480
Net income (loss) (1,998) 1,759 (4,680) 2,057
Preferred stock dividends (100) (100) (299) (299)
Net income (loss) applicable to common shareholders $ (2,098) $ 1,659 $ (4,979) $ 1,758
Earnings (loss) per common share (basic) (in dollars per share) $ (0.1) $ 0.08 $ (0.24) $ 0.09
Earnings (loss) per common share (diluted) (in dollars per share) $ (0.1) $ 0.08 $ (0.24) $ 0.09