CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Revenue: | ||||
| Insurance premiums, net | $ 50,146 | $ 44,993 | $ 97,059 | $ 89,545 |
| Net investment income | 2,516 | 2,416 | 4,958 | 4,972 |
| Realized investment gains, net | 16 | 13 | 16 | 13 |
| Unrealized gains on equity securities, net | 2,609 | 243 | 3,376 | 129 |
| Other income | 3 | 3 | 6 | 6 |
| Total revenue | 55,290 | 47,668 | 105,415 | 94,665 |
| Benefits and expenses: | ||||
| Insurance benefits and losses incurred | 33,647 | 31,807 | 65,560 | 63,732 |
| Commissions and underwriting expenses | 12,870 | 11,584 | 24,550 | 24,250 |
| Interest expense | 773 | 867 | 1,547 | 1,722 |
| Other expense | 3,784 | 4,259 | 8,507 | 8,316 |
| Total benefits and expenses | 51,074 | 48,517 | 100,164 | 98,020 |
| Income (loss) before income taxes | 4,216 | (849) | 5,251 | (3,355) |
| Income tax expense (benefit) | 900 | (165) | 1,133 | (673) |
| Net income (loss) | 3,316 | (684) | 4,118 | (2,682) |
| Preferred stock dividends | (100) | (100) | (199) | (199) |
| Net income (loss) applicable to common shareholders | $ 3,216 | $ (784) | $ 3,919 | $ (2,881) |
| Earnings (loss) per common share (basic) (in Dollars per share) | $ 0.16 | $ (0.04) | $ 0.19 | $ (0.14) |
| Earnings (loss) per common share (diluted) (in Dollars per share) | $ 0.15 | $ (0.04) | $ 0.19 | $ (0.14) |
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- Definition This element represents the direct and indirect costs incurred during the period related to the acquisition or renewal of insurance contracts and other operating costs and expense items associated with the entity's normal revenue producing operation. No definition available.
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- Definition The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of realized gain (loss) on investment. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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