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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Insurance premiums, net $ 51,972 $ 43,782 $ 149,031 $ 133,327
Net investment income 2,633 2,477 7,591 7,449
Realized investment gains, net 2 4 18 17
Unrealized gains (losses) on equity securities, net (848) (1,746) 2,528 (1,617)
Other income 1 2 7 8
Total revenue 53,760 44,519 159,175 139,184
Benefits and expenses:        
Insurance benefits and losses incurred 35,471 30,760 101,031 94,492
Commissions and underwriting expenses 12,955 11,490 37,505 35,740
Interest expense 779 869 2,326 2,591
Other expense 3,786 3,854 12,293 12,170
Total benefits and expenses 52,991 46,973 153,155 144,993
Income (loss) before income taxes 769 (2,454) 6,020 (5,809)
Income tax expense (benefit) 192 (456) 1,325 (1,129)
Net income (loss) 577 (1,998) 4,695 (4,680)
Preferred stock dividends (100) (100) (299) (299)
Net income (loss) applicable to common shareholders $ 477 $ (2,098) $ 4,396 $ (4,979)
Earnings (loss) per common share (basic) (in Dollars per share) $ 0.02 $ (0.1) $ 0.22 $ (0.24)
Earnings (loss) per common share (diluted) (in Dollars per share) $ 0.02 $ (0.1) $ 0.22 $ (0.24)