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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Insurance premiums, net $ 50,146 $ 44,993 $ 97,059 $ 89,545
Net investment income 2,516 2,416 4,958 4,972
Realized investment gains, net 16 13 16 13
Unrealized gains on equity securities, net 2,609 243 3,376 129
Other income 3 3 6 6
Total revenue 55,290 47,668 105,415 94,665
Benefits and expenses:        
Insurance benefits and losses incurred 33,647 31,807 65,560 63,732
Commissions and underwriting expenses 12,870 11,584 24,550 24,250
Interest expense 773 867 1,547 1,722
Other expense 3,784 4,259 8,507 8,316
Total benefits and expenses 51,074 48,517 100,164 98,020
Income (loss) before income taxes 4,216 (849) 5,251 (3,355)
Income tax expense (benefit) 900 (165) 1,133 (673)
Net income (loss) 3,316 (684) 4,118 (2,682)
Preferred stock dividends (100) (100) (199) (199)
Net income (loss) applicable to common shareholders $ 3,216 $ (784) $ 3,919 $ (2,881)
Earnings (loss) per common share (basic) (in Dollars per share) $ 0.16 $ (0.04) $ 0.19 $ (0.14)
Earnings (loss) per common share (diluted) (in Dollars per share) $ 0.15 $ (0.04) $ 0.19 $ (0.14)