v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue:    
Insurance premiums, net $ 196,142 $ 178,588
Net investment income 10,266 9,791
Realized investment gains (losses), net (471) 1,210
Unrealized gains (losses) on equity securities, net 4,491 (1,516)
Other income 12 9
Total revenue 210,440 188,082
Benefits and expenses:    
Insurance benefits and losses incurred 137,541 124,078
Future policy benefits remeasurement gain (4,866) (2,334)
Commissions and underwriting expenses 50,473 48,333
Interest expense 3,080 3,419
Other expense 16,491 16,211
Total benefits and expenses 202,719 189,707
Income (loss) before income taxes 7,721 (1,625)
Income tax expense (benefit) 1,704 (232)
Net income (loss) 6,017 (1,393)
Preferred stock dividends (399) (399)
Net income (loss) applicable to common shareholders $ 5,618 $ (1,792)
Earnings (loss) per common share (basic) (in Dollars per share) $ 0.28 $ (0.09)
Earnings (loss) per common share (diluted) (in Dollars per share) $ 0.28 $ (0.09)