Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Information by Reportable Segment

The following tables present information by reportable operating segment (dollars in thousands):

Three months ended March 31, 2024	Commercial Lines			Personal Lines		Total Underwriting		Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	12,762		$	11,551	$	24,313	$	—		$	—		$	—		$	24,313
Net written premiums	$	8,287		$	7,104	$	15,391	$	—		$	—		$	—		$	15,391
Net earned premiums	$	8,797		$	8,090	$	16,887	$	—		$	—		$	—		$	16,887
Agency commission income		—			—		—		4,336			—			—			4,336
Other income		50			28		78		6,369			71			(6,258	)		260
Segment revenue		8,847			8,118		16,965		10,705			71			(6,258	)		21,483
Losses and LAE, net		6,766			3,754		10,520		—			—			—			10,520
Policy acquisition costs		1,147			2,013		3,160		9,119			—			(5,266	)		7,013
Operating expenses		1,748			971		2,719		1,633			143			—			4,495
Segment expenses		9,661			6,738		16,399		10,752			143			(5,266	)		22,028
Segment gain (loss)	$	(814	)	$	1,380	$	566	$	(47	)	$	(72	)	$	(992	)	$	(545	)
Investment income												1,552						1,552
Change in fair value of equity securities												43						43
Interest expense												(877	)					(877	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(814	)	$	1,380	$	566	$	(47	)	$	646		$	(992	)	$	173

Three months ended March 31, 2023	Commercial Lines		Personal Lines			Total Underwriting		Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	28,975	$	7,239		$	36,214	$	—		$	—		$	—		$	36,214
Net written premiums	$	12,241	$	6,101		$	18,342	$	—		$	—		$	—		$	18,342
Net earned premiums	$	17,123	$	4,829		$	21,952	$	—		$	—		$	—		$	21,952
Agency commission income		—		—			—		430			—			—			430
Other income		52		23			75		449			72			(400	)		196
Segment revenue		17,175		4,852			22,027		879			72			(400	)		22,578
Losses and LAE, net		10,547		3,166			13,713		—			—			—			13,713
Policy acquisition costs		3,196		1,389			4,585		548			—			(412	)		4,721
Operating expenses		3,028		592			3,620		352			307			—			4,279
Segment expenses		16,771		5,147			21,918		900			307			(412	)		22,713
Segment gain (loss)	$	404	$	(295	)	$	109	$	(21	)	$	(235	)	$	12		$	(135	)
Investment income												1,307						1,307
Change in fair value of equity securities												694						694
Interest expense												(686	)					(686	)
Income (loss) before equity earnings in Affiliate and income taxes	$	404	$	(295	)	$	109	$	(21	)	$	1,080		$	12		$	1,180