Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2020	Commercial Lines			Personal Lines		Total Underwriting			Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	27,297		$	2,544	$	29,841		$	—		$	—		$	—		$	29,841
Net written premiums	$	22,763		$	2,280	$	25,043		$	—		$	—		$	—		$	25,043
Net earned premiums	$	20,586		$	1,641	$	22,227		$	—		$	—		$	—		$	22,227
Other income		44			42		86			2,036			43			(1,523	)		642
Segment revenue		20,630			1,683		22,313			2,036			43			(1,523	)		22,869
Losses and LAE, net		14,195			358		14,553			—			—			—			14,553
Policy acquisition costs		6,180			537		6,717			1,328			—			(1,562	)		6,483
Operating expenses		3,187			251		3,438			779			320			—			4,537
Segment expenses		23,562			1,146		24,708			2,107			320			(1,562	)		25,573
Segment gain (loss)	$	(2,932	)	$	537	$	(2,395	)	$	(71	)	$	(277	)	$	39		$	(2,704	)
Investment income													776						776
Net realized investment gains													3,316						3,316
Change in fair value of equity securities													(356	)					(356	)
Other gains													—						—
Interest expense													(723	)					(723	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(2,932	)	$	537	$	(2,395	)	$	(71	)	$	2,736		$	39		$	309

Three months ended September 30, 2019	Commercial Lines			Personal Lines			Total Underwriting			Wholesale Agency		Corporate			Eliminations			Total
Gross written premiums	$	25,018		$	2,059		$	27,077		$	—	$	—		$	—		$	27,077
Net written premiums	$	22,095		$	1,711		$	23,806		$	—	$	—		$	—		$	23,806
Net earned premiums	$	21,439		$	1,336		$	22,775		$	—	$	—		$	—		$	22,775
Other income		70			33			103			2,619		47			(2,205	)		564
Segment revenue		21,509			1,369			22,878			2,619		47			(2,205	)		23,339
Losses and LAE, net		13,517			1,340			14,857			—		—			—			14,857
Policy acquisition costs		6,114			447			6,561			1,825		—			(2,233	)		6,153
Operating expenses		3,239			327			3,566			434		297			—			4,297
Segment expenses		22,870			2,114			24,984			2,259		297			(2,233	)		25,307
Segment gain (loss)	$	(1,361	)	$	(745	)	$	(2,106	)	$	360	$	(250	)	$	28		$	(1,968	)
Investment income													1,210						1,210
Net realized investment gains													390						390
Change in fair value of equity securities													(1,065	)					(1,065	)
Other gains													—						—
Interest expense													(720	)					(720	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(1,361	)	$	(745	)	$	(2,106	)	$	360	$	(435	)	$	28		$	(2,153	)

Nine months ended September 30, 2020	Commercial Lines			Personal Lines		Total Underwriting			Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	76,341		$	6,129	$	82,470		$	—		$	—		$	—		$	82,470
Net written premiums	$	63,827		$	5,332	$	69,159		$	—		$	—		$	—		$	69,159
Net earned premiums	$	61,122		$	4,880	$	66,002		$	—		$	—		$	—		$	66,002
Other income		200			114		314			6,051			206			(4,558	)		2,013
Segment revenue		61,322			4,994		66,316			6,051			206			(4,558	)		68,015
Losses and LAE, net		38,931			1,836		40,767			—			—			—			40,767
Policy acquisition costs		18,463			1,532		19,995			3,984			—			(4,798	)		19,181
Operating expenses		9,835			798		10,633			2,420			1,388			—			14,441
Segment expenses		67,229			4,166		71,395			6,404			1,388			(4,798	)		74,389
Segment gain (loss)	$	(5,907	)	$	828	$	(5,079	)	$	(353	)	$	(1,182	)	$	240		$	(6,374	)
Investment income													2,593						2,593
Net realized investment gains													4,489						4,489
Change in fair value of equity securities													(1,866	)					(1,866	)
Other gains													260						260
Interest expense													(2,185	)					(2,185	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(5,907	)	$	828	$	(5,079	)	$	(353	)	$	2,109		$	240		$	(3,083	)

Nine months ended September 30, 2019	Commercial Lines			Personal Lines			Total Underwriting			Wholesale Agency		Corporate			Eliminations			Total
Gross written premiums	$	71,061		$	5,401		$	76,462		$	—	$	—		$	—		$	76,462
Net written premiums	$	61,579		$	3,983		$	65,562		$	—	$	—		$	—		$	65,562
Net earned premiums	$	62,291		$	3,520		$	65,811		$	—	$	—		$	—		$	65,811
Other income		144			108			252			7,099		179			(5,963	)		1,567
Segment revenue		62,435			3,628			66,063			7,099		179			(5,963	)		67,378
Losses and LAE, net		38,611			5,084			43,695			—		—			—			43,695
Policy acquisition costs		17,335			1,202			18,537			4,787		—			(5,372	)		17,952
Operating expenses		9,614			867			10,481			1,572		907			—			12,960
Segment expenses		65,560			7,153			72,713			6,359		907			(5,372	)		74,607
Segment gain (loss)	$	(3,125	)	$	(3,525	)	$	(6,650	)	$	740	$	(728	)	$	(591	)	$	(7,229	)
Investment income													3,171						3,171
Net realized investment gains													1,124						1,124
Change in fair value of equity securities													(715	)					(715	)
Other gains													—						—
Interest expense													(2,155	)					(2,155	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(3,125	)	$	(3,525	)	$	(6,650	)	$	740	$	697		$	(591	)	$	(5,804	)