Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Information by Reportable Segment

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

Three months ended June 30, 2020	Commercial Lines			Personal Lines		Total Underwriting			Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	25,600		$	1,945	$	27,545		$	—		$	—		$	—		$	27,545
Net written premiums	$	21,377		$	1,688	$	23,065		$	—		$	—		$	—		$	23,065
Net earned premiums	$	20,105		$	1,653	$	21,758		$	—		$	—		$	—		$	21,758
Other income		82			36		118			2,081			132			(1,618	)		713
Segment revenue		20,187			1,689		21,876			2,081			132			(1,618	)		22,471
Losses and LAE, net		11,275			670		11,945			—			—			—			11,945
Policy acquisition costs		6,119			506		6,625			1,448			—			(1,678	)		6,395
Operating expenses		3,145			272		3,417			736			706			—			4,859
Segment expenses		20,539			1,448		21,987			2,184			706			(1,678	)		23,199
Segment gain (loss)	$	(352	)	$	241	$	(111	)	$	(103	)	$	(574	)	$	60		$	(728	)
Investment income													863						863
Net realized investment gains													245						245
Change in fair value of equity securities													1,576						1,576
Other gains													145						145
Interest expense													(731	)					(731	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(352	)	$	241	$	(111	)	$	(103	)	$	1,524		$	60		$	1,370

Three months ended June 30, 2019	Commercial Lines			Personal Lines			Total Underwriting			Wholesale Agency		Corporate			Eliminations			Total
Gross written premiums	$	23,459		$	1,710		$	25,169		$	—	$	—		$	—		$	25,169
Net written premiums	$	20,178		$	1,256		$	21,434		$	—	$	—		$	—		$	21,434
Net earned premiums	$	20,154		$	1,195		$	21,349		$	—	$	—		$	—		$	21,349
Other income		50			45			95			2,575		46			(2,135	)		581
Segment revenue		20,204			1,240			21,444			2,575		46			(2,135	)		21,930
Losses and LAE, net		12,549			1,833			14,382			—		—			—			14,382
Policy acquisition costs		5,807			345			6,152			1,574		—			(1,516	)		6,210
Operating expenses		3,411			276			3,687			535		118			—			4,340
Segment expenses		21,767			2,454			24,221			2,109		118			(1,516	)		24,932
Segment gain (loss)	$	(1,563	)	$	(1,214	)	$	(2,777	)	$	466	$	(72	)	$	(619	)	$	(3,002	)
Investment income													1,051			—			1,051
Net realized investment gains													715			—			715
Change in fair value of equity securities													(915	)		—			(915	)
Other gains													—			—			—
Interest expense													(725	)		—			(725	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(1,563	)	$	(1,214	)	$	(2,777	)	$	466	$	54		$	(619	)	$	(2,876	)

Six months ended June 30, 2020	Commercial Lines			Personal Lines		Total Underwriting			Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	49,044		$	3,585	$	52,629		$	—		$	—		$	—		$	52,629
Net written premiums	$	41,064		$	3,052	$	44,116		$	—		$	—		$	—		$	44,116
Net earned premiums	$	40,536		$	3,239	$	43,775		$	—		$	—		$	—		$	43,775
Other income		156			72		228			4,015			163			(3,035	)		1,371
Segment revenue		40,692			3,311		44,003			4,015			163			(3,035	)		45,146
Losses and LAE, net		24,736			1,478		26,214			—			—			—			26,214
Policy acquisition costs		12,283			995		13,278			2,656			—			(3,236	)		12,698
Operating expenses		6,648			547		7,195			1,641			1,068			—			9,904
Segment expenses		43,667			3,020		46,687			4,297			1,068			(3,236	)		48,816
Segment gain (loss)	$	(2,975	)	$	291	$	(2,684	)	$	(282	)	$	(905	)	$	201		$	(3,670	)
Investment income													1,817						1,817
Net realized investment gains													1,173						1,173
Change in fair value of equity securities													(1,510	)					(1,510	)
Other gains													260						260
Interest expense													(1,462	)					(1,462	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(2,975	)	$	291	$	(2,684	)	$	(282	)	$	(627	)	$	201		$	(3,392	)

Six months ended June 30, 2019	Commercial Lines			Personal Lines			Total Underwriting			Wholesale Agency		Corporate			Eliminations			Total
Gross written premiums	$	46,043		$	3,342		$	49,385		$	—	$	—		$	—		$	49,385
Net written premiums	$	39,484		$	2,272		$	41,756		$	—	$	—		$	—		$	41,756
Net earned premiums	$	40,852		$	2,184		$	43,036		$	—	$	—		$	—		$	43,036
Other income		74			75			149			4,480		132			(3,758	)		1,003
Segment revenue		40,926			2,259			43,185			4,480		132			(3,758	)		44,039
Losses and LAE, net		25,095			3,743			28,838			—		—			—			28,838
Policy acquisition costs		11,221			755			11,976			2,962		—			(3,139	)		11,799
Operating expenses		6,375			541			6,916			1,138		609			—			8,663
Segment expenses		42,691			5,039			47,730			4,100		609			(3,139	)		49,300
Segment gain (loss)	$	(1,765	)	$	(2,780	)	$	(4,545	)	$	380	$	(477	)	$	(619	)	$	(5,261	)
Investment income													1,961			—			1,961
Net realized investment gains													734			—			734
Change in fair value of equity securities													350			—			350
Other gains													—			—			—
Interest expense													(1,435	)		—			(1,435	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(1,765	)	$	(2,780	)	$	(4,545	)	$	380	$	1,133		$	(619	)	$	(3,651	)