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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenue:    
Insurance premiums, net $ 183,539 $ 181,925
Net investment income 7,744 8,979
Realized investment gains, net 7,420 1,574
Unrealized gains (losses) on equity securities, net (3,431) 5,511
Other income 76 190
Total revenue 195,348 198,179
Benefits and expenses:    
Insurance benefits and losses incurred 119,876 139,225
Commissions and underwriting expenses 46,811 45,477
Interest expense 1,610 2,130
Other expense 11,548 11,754
Total benefits and expenses 179,845 198,586
Income (loss) before income taxes 15,503 (407)
Income tax expense (benefit) 3,334 (21)
Net income (loss) 12,169 (386)
Preferred stock dividends (399) (399)
Net income (loss) applicable to common shareholders $ 11,770 $ (785)
Earnings (loss) per common share (basic) (in dollars per share) $ 0.58 $ (0.04)
Earnings (loss) per common share (diluted) (in dollars per share) $ 0.56 $ (0.04)