| Summary of income (loss), Assets and Liabilities Held for Sale of Discontinued Operation |
The following table summarizes income (loss) from discontinued operations (in thousands): | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 2022 | | 2021 | | 2022 | | 2021 | Gross premiums written | | $ | 113,502 | | $ | 113,976 | | $ | 331,190 | | $ | 316,100 | Ceded premiums written | | | (70,088) | | | (56,552) | | | (203,861) | | | (170,882) | Net premiums written | | | 43,414 | | | 57,424 | | | 127,329 | | | 145,218 | Change in unearned premiums | | | (1,463) | | | (5,780) | | | 859 | | | (3,778) | Net premiums earned | | | 41,951 | | | 51,644 | | | 128,188 | | | 141,440 | | | | | | | | | | | | | | Commission and fees | | | 241 | | | 230 | | | 810 | | | 739 | | | | | | | | | | | | | | Total revenues | | | 42,192 | | | 51,874 | | | 128,998 | | | 142,179 | | | | | | | | | | | | | | Losses and loss adjustment expenses | | | 31,244 | | | 36,157 | | | 95,174 | | | 98,104 | Operating expenses | | | 8,028 | | | 9,324 | | | 22,894 | | | 26,074 | Amortization of intangible assets | | | 119 | | | 119 | | | 357 | | | 357 | | | | | | | | | | | | | | Total expenses | | | 39,391 | | | 45,600 | | | 118,425 | | | 124,535 | | | | | | | | | | | | | | Income (loss) from discontinued operations before tax | | | 2,801 | | | 6,274 | | | 10,573 | | | 17,644 | Income tax expense (benefit) from discontinued operations | | | 1,701 | | | 785 | | | 6,419 | | | 2,209 | Net income (loss) from discontinued operations | | $ | 1,100 | | $ | 5,489 | | $ | 4,154 | | $ | 15,435 |
The following table summarizes assets and liabilities held for sale (in thousands): | | | | | | | | September 30, | | | December 31, | | | 2022 | | 2021 | | | (unaudited) | | | (unaudited) | ASSETS | | | | | | Ceded unearned premiums | $ | 130,608 | | $ | 117,226 | Prepaid expenses | | 985 | | | 216 | Other assets | | 851 | | | 634 | Total assets held-for-sale | $ | 132,444 | | $ | 118,076 | | | | | | | LIABILITIES | | | | | | Unearned premiums | $ | 214,216 | | $ | 201,691 | Accounts payable and other liabilities | | 1,312 | | | 952 | Total liabilities held-for-sale | $ | 215,528 | | $ | 202,643 |
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