Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

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, 2021	Commercial Lines			Personal Lines		Total Underwriting			Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	29,849		$	3,855	$	33,704		$	—		$	—		$	—		$	33,704
Net written premiums	$	22,456		$	3,613	$	26,069		$	—		$	—		$	—		$	26,069
Net earned premiums	$	21,975		$	2,966	$	24,941		$	—		$	—		$	—		$	24,941
Other income		50			29		80			1,235			148			(710	)		752
Segment revenue		22,025			2,995		25,020			1,235			148			(710	)		25,693
Losses and LAE, net		14,697			1,462		16,159			—			—			—			16,159
Policy acquisition costs		6,458			838		7,296			778			—			(901	)		7,173
Operating expenses		2,954			336		3,290			500			287			—			4,077
Segment expenses		24,109			2,636		26,745			1,278			287			(901	)		27,409
Segment gain (loss)	$	(2,084	)	$	359	$	(1,725	)	$	(43	)	$	(139	)	$	191		$	(1,716	)
Investment income													514						514
Net realized investment gains (losses)													(101	)					(101	)
Change in fair value of equity securities													(2,169	)					(2,169	)
Other gains													2,778						2,778
Interest expense													(701	)					(701	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(2,084	)	$	359	$	(1,725	)	$	(43	)	$	182		$	191		$	(1,395	)

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

Nine months ended September 30, 2021	Commercial Lines			Personal Lines			Total Underwriting			Wholesale Agency			Corporate			Eliminations			Total
Gross written premiums	$	88,017		$	11,041		$	99,058		$	—		$	—		$	—		$	99,058
Net written premiums	$	68,685		$	10,399		$	79,084		$	—		$	—		$	—		$	79,084
Net earned premiums	$	64,869		$	7,745		$	72,614		$	—		$	—		$	—		$	72,614
Other income		158			113			271			4,932			219			(3,448	)		1,974
Segment revenue		65,027			7,858			72,885			4,932			219			(3,448	)		74,588
Losses and LAE, net		48,592			4,855			53,447			—			—			—			53,447
Policy acquisition costs		19,102			2,178			21,280			3,147			—			(3,608	)		20,819
Operating expenses		8,761			1,076			9,837			2,060			871			—			12,768
Segment expenses		76,455			8,109			84,564			5,207			871			(3,608	)		87,034
Segment gain (loss)	$	(11,428	)	$	(251	)	$	(11,679	)	$	(275	)	$	(652	)	$	160		$	(12,446	)
Investment income														1,549						1,549
Net realized investment gains														3,883						3,883
Change in fair value of equity securities														(3,234	)					(3,234	)
Other gains														11,688						11,688
Interest expense														(2,154	)					(2,154	)
Income (loss) before equity earnings in Affiliate and income taxes	$	(11,428	)	$	(251	)	$	(11,679	)	$	(275	)	$	11,080		$	160		$	(714	)

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	)