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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:    
Insurance premiums, net $ 46,100 $ 47,081
Net investment income 2,541 2,340
Realized investment losses, net 0 (10)
Unrealized gains (losses) on equity securities, net (2,375) 2,193
Other income 3 4
Total revenue 46,269 51,608
Benefits and expenses:    
Insurance benefits and losses incurred 30,460 31,169
Commissions and underwriting expenses 12,918 12,836
Interest expense 750 354
Other expense 3,959 3,453
Total benefits and expenses 48,087 47,812
Income (loss) before income taxes (1,818) 3,796
Income tax expense (benefit) (372) 954
Net income (loss) (1,446) 2,842
Preferred stock dividends (99) (99)
Net income (loss) applicable to common shareholders $ (1,545) $ 2,743
Earnings (loss) per common share (basic) (in dollars per share) $ (0.08) $ 0.13
Earnings (loss) per common share (diluted) (in dollars per share) $ (0.08) $ 0.13