v3.26.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

The following tables present information by reportable segment (dollars in thousands):

 

Three months ended
March 31, 2026

 

Personal
Lines

 

 

Commercial Lines

 

 

Corporate

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross written premiums

 

$

11,487

 

 

$

(18

)

 

$

 

 

$

11,469

 

 

 

 

 

 

 

 

 

 

 

 

 

Net written premiums

 

$

6,091

 

 

$

(16

)

 

$

 

 

$

6,075

 

 

 

 

 

 

 

 

 

 

 

 

Net earned premiums

 

$

5,792

 

 

$

133

 

 

$

 

 

$

5,925

 

Segment revenue

 

 

5,792

 

 

 

133

 

 

 

 

 

 

5,925

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses and LAE, net

 

 

3,600

 

 

 

(271

)

 

 

 

 

 

3,329

 

Policy acquisition costs

 

 

1,558

 

 

 

 

 

 

 

 

 

1,558

 

Operating expenses

 

 

512

 

 

 

865

 

 

 

723

 

 

 

2,100

 

Segment expenses

 

 

5,670

 

 

 

594

 

 

 

723

 

 

 

6,987

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment gain (loss)

 

$

122

 

 

$

(461

)

 

$

(723

)

 

$

(1,062

)

Net investment income

 

 

 

 

 

 

 

 

1,110

 

 

 

1,110

 

Net realized investment gains (losses)

 

 

 

 

 

 

 

 

(14

)

 

 

(14

)

Change in fair value of equity securities

 

 

 

 

 

 

 

 

30

 

 

 

30

 

Change in fair value of contingent considerations

 

 

 

 

 

 

 

 

4,490

 

 

 

4,490

 

Other income

 

 

 

 

 

 

 

 

6

 

 

 

6

 

Interest expense

 

 

 

 

 

 

 

 

1,976

 

 

 

1,976

 

Income (loss) before income taxes

 

$

122

 

 

$

(461

)

 

$

2,923

 

 

$

2,584

 

 

Three months ended
March 31, 2025

 

Personal
Lines

 

 

Commercial
Lines

 

 

Corporate

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross written premiums

 

$

14,126

 

 

$

2,047

 

 

$

 

 

$

16,173

 

 

 

 

 

 

 

 

 

 

 

 

 

Net written premiums

 

$

12,444

 

 

$

(1,604

)

 

$

 

 

$

10,840

 

 

 

 

 

 

 

 

 

 

 

 

Net earned premiums

 

$

8,984

 

 

$

1,331

 

 

$

 

 

$

10,315

 

Other income

 

 

23

 

 

 

 

 

 

42

 

 

 

65

 

Segment revenue

 

 

9,007

 

 

 

1,331

 

 

 

42

 

 

 

10,380

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses and LAE, net

 

 

7,769

 

 

 

1,505

 

 

 

 

 

 

9,274

 

Policy acquisition costs

 

 

2,724

 

 

 

(47

)

 

 

 

 

 

2,677

 

Operating expenses

 

 

2,192

 

 

 

384

 

 

 

285

 

 

 

2,861

 

Segment expenses

 

 

12,685

 

 

 

1,842

 

 

 

285

 

 

 

14,812

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment gain (loss)

 

$

(3,678

)

 

$

(511

)

 

$

(243

)

 

$

(4,432

)

Net investment income

 

 

 

 

 

 

 

 

1,289

 

 

 

1,289

 

Net realized investment gains (losses)

 

 

 

 

 

 

 

 

3

 

 

 

3

 

Change in fair value of equity securities

 

 

 

 

 

 

 

 

(192

)

 

 

(192

)

Change in fair value of contingent considerations

 

 

 

 

 

 

 

 

4,395

 

 

 

4,395

 

Interest expense

 

 

 

 

 

 

 

 

541

 

 

 

541

 

Income (loss) before income taxes

 

$

(3,678

)

 

$

(511

)

 

$

4,711

 

 

$

522