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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Insurance premiums, net $ 46,092 $ 44,978 $ 137,315 $ 137,027
Net investment income 2,137 1,828 6,516 5,717
Realized investment gains, net 349 183 520 432
Unrealized gains (losses) on equity securities, net 711 (731) 5,458 (7,831)
Other income 1 11 13 71
Total revenue 49,290 46,269 149,822 135,416
Benefits and expenses:        
Insurance benefits and losses incurred 35,045 29,219 100,020 89,878
Commissions and underwriting expenses 11,927 11,202 36,670 34,682
Interest expense 347 363 1,040 1,253
Other expense 3,264 3,052 10,178 9,116
Total benefits and expenses 50,583 43,836 147,908 134,929
Income (loss) before income taxes (1,293) 2,433 1,914 487
Income tax expense (benefit) (378) 557 298 166
Net income (loss) (915) 1,876 1,616 321
Preferred stock dividends (100) (100) (299) (299)
Net income (loss) applicable to common shareholders $ (1,015) $ 1,776 $ 1,317 $ 22
Earnings (loss) per common share (basic) (in dollars per share) $ (0.05) $ 0.09 $ 0.06 $ 0
Earnings (loss) per common share (diluted) (in dollars per share) $ (0.05) $ 0.09 $ 0.06 $ 0