Segment Information

9 Months Ended

Sep. 30, 2023

Segment Information [Abstract]

Segment Information

10. Segment Information

The following is business segment information for the three and nine months ended September 30, 2023 and 2022 (in thousands):

		Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Revenues
Commercial Lines Segment	$	21,271	$	18,574	$	66,082	$	55,064
Personal Lines Segment		16,343		16,529		45,087		49,889
Runoff Segment		(71)		2,229		42		10,724
Corporate		4,356		900		12,429		1,936
Consolidated	$	41,899	$	38,232	$	123,640	$	117,613
Depreciation and Amortization Expense
Commercial Lines Segment	$	190	$	150	$	532	$	414
Personal Lines Segment		74		153		201		271
Runoff Segment		5		5		15		180
Corporate		171		186		511		539
Consolidated	$	440	$	494	$	1,259	$	1,404
Interest Expense
Commercial Lines Segment	$	—	$	—	$	—	$	—
Personal Lines Segment		—		—		—		—
Runoff Segment		—		—		—		—
Corporate		2,036		1,528		5,872		4,158
Consolidated	$	2,036	$	1,528	$	5,872	$	4,158
Tax (Benefit) Expense
Commercial Lines Segment	$	(26)	$	89	$	(43)	$	224
Personal Lines Segment		54		28		(21)		420
Runoff Segment		405		(1,000)		(141)		3,887
Corporate		23		(124)		(6)		711
Consolidated	$	456	$	(1,007)	$	(211)	$	5,242
Pre-tax (loss) income
Commercial Lines Segment	$	(13,654)	$	(2,762)	$	(15,151)	$	(4,261)
Personal Lines Segment		(773)		(3,637)		(7,265)		(7,989)
Runoff Segment*		(2,041)		(19,612)		(49,266)		(73,929)
Corporate		263		(4,249)		(2,221)		(13,522)
Consolidated	$	(16,205)	$	(30,260)	$	(73,903)	$	(99,701)

*The pre-tax loss for the Runoff Segment for the three months and nine months ended September 30, 2023 includes a $0.0 and $36.8 million, respectively, write-off to bad debt expense related to a receivable from DARAG; (See Note 11, “Reinsurance – Loss Portfolio Transfer”).

The following presents additional business segment information as of the dates indicated (in thousands):

	September 30,		December 31,
Assets:	2023		2022
Commercial Lines Segment	$	223,302	$	219,636
Personal Lines Segment		82,978		110,807
Runoff Segment		165,639		349,850
Corporate		621,003		856,409
Consolidated	$	1,092,922	$	1,536,702