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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Insurance premiums $ 42,557 $ 42,094 $ 127,604 $ 122,996
Net investment income 2,215 2,136 7,111 6,380
Realized investment gains, net 484 539 797 2,818
Unrealized gains on equity securities, net 1,083 0 753 0
Other income 31 29 88 95
Total revenue 46,370 44,798 136,353 132,289
Benefits and expenses:        
Insurance benefits and losses incurred 33,087 30,417 98,478 87,446
Commissions and underwriting expenses 8,722 10,176 28,456 31,800
Interest expense 529 440 1,497 1,273
Other expense 2,960 3,134 9,168 9,301
Total benefits and expenses 45,298 44,167 137,599 129,820
Income (loss) before income taxes 1,072 631 (1,246) 2,469
Income tax expense (benefit) 138 (116) (341) 483
Net income (loss) 934 747 (905) 1,986
Preferred stock dividends (100) (100) (299) (299)
Net income (loss) applicable to common shareholders $ 834 $ 647 $ (1,204) $ 1,687
Earnings (loss) per common share (basic and diluted) (in dollars per share) $ 0.04 $ 0.03 $ (0.06) $ 0.08
Dividends per common share (in dollars per share) $ 0 $ 0 $ 0.02 $ 0.02