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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Insurance premiums, net $ 44,978 $ 45,005 $ 137,027 $ 135,256
Net investment income 1,828 2,187 5,717 6,834
Realized investment gains (losses), net 183 (430) 432 1,565
Unrealized gains (losses) on equity securities, net (731) 944 (7,831) 2,096
Other income 11 39 71 139
Total revenue 46,269 47,745 135,416 145,890
Benefits and expenses:        
Insurance benefits and losses incurred 29,219 34,719 89,878 104,177
Commissions and underwriting expenses 11,202 11,471 34,682 33,995
Interest expense 363 533 1,253 1,624
Other expense 3,052 2,766 9,116 8,142
Total benefits and expenses 43,836 49,489 134,929 147,938
Income (loss) before income taxes 2,433 (1,744) 487 (2,048)
Income tax expense (benefit) 557 (352) 166 (392)
Net income (loss) 1,876 (1,392) 321 (1,656)
Preferred stock dividends (100) (100) (299) (299)
Net income (loss) applicable to common shareholders $ 1,776 $ (1,492) $ 22 $ (1,955)
Earnings (loss) per common share (basic) (in dollars per share) $ 0.09 $ (0.07) $ 0 $ (0.10)
Earnings (loss) per common share (diluted) (in dollars per share) $ 0.09 $ (0.07) $ 0 $ (0.10)