XML 73 R45.htm IDEA: XBRL DOCUMENT v3.24.0.1
Segment Reporting (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting Information      
Gross premiums written $ 670,043 $ 572,343 $ 484,527
Change in gross unearned premiums 154,108 99,120 78,998
Gross Premiums Earned, Property and Casualty 635,964 535,369 465,759
Ceded Premiums Earned (354,080) (266,023) (244,630)
Premiums Earned, Net, Property and Casualty 281,884 269,346 221,129
Investment Income, Net 10,574 7,673 5,901
Net realized gains (losses) (6,808) (6,483) 138
Other revenue 79 1,223 46
Revenues 286,543 269,791 228,685
Losses and loss adjustment expenses 62,861 134,805 89,051
Policy Acquisition Costs 83,346 95,318 93,199
Operating Costs and Expenses 10,240 13,729 16,258
General and Administrative Expense 29,489 42,281 31,420
Interest Expense 10,875 9,483 9,303
Costs and Expenses 196,811 295,616 239,231
Operating Income (Loss) 89,732 (25,825) (10,546)
Other Income 2,239 10,343 129
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 91,971 (15,482) (10,417)
Income Tax Expense (Benefit) 9,773 24,522 (6,699)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 309,911 (469,966) (59,868)
Net Income (Loss) Attributable to Noncontrolling Interest   (111) (1,949)
Net Income (Loss) Attributable to Parent $ 309,911 $ (469,855) $ (57,919)
Underwriting Expense Ratio 22.30% 50.00% 40.30%
Underwriting Expense Ratio 43.70% 56.20% 63.70%
Combined Ratio 66.00% 106.20% 104.00%
Assets $ 1,060,383 $ 2,837,496  
Equity Securities, FV-NI, Unrealized Gain (Loss) 814 (1,968) $ 1,471
Goodwill, Impairment Loss   13,569  
Goodwill, Impairment Loss   13,569  
Continuing Operations      
Segment Reporting Information      
Gross premiums written 670,043 572,343 484,527
Change in gross unearned premiums (34,079) (36,974) (18,768)
Gross Premiums Earned, Property and Casualty 635,964 535,369 465,759
Ceded Premiums Earned (354,080) (266,023) (244,630)
Premiums Earned, Net, Property and Casualty 281,884 269,346 221,129
Investment Income, Net 10,574 7,673 5,901
Net realized gains (losses) (6,808) (6,483) 138
Other revenue 79 1,223 46
Revenues 286,543 269,791 228,685
Losses and loss adjustment expenses 62,861 134,805 89,051
Policy Acquisition Costs 83,346 95,318 93,199
Operating Costs and Expenses 10,240 13,729 16,258
General and Administrative Expense 29,489 42,281 31,420
Interest Expense 10,875 9,483 9,303
Costs and Expenses 196,811 295,616 239,231
Operating Income (Loss) 89,732 (25,825) (10,546)
Other Income 2,239 10,343 129
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 91,971 (15,482) (10,417)
Income Tax Expense (Benefit) 9,773 24,522 (6,699)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 82,198 (40,004) (3,718)
Net Income (Loss) Attributable to Noncontrolling Interest 0 (111) (1,949)
Net Income (Loss) Attributable to Parent 82,198 (39,893) (1,769)
Assets 1,052,288 1,402,681  
Assets by Segment after eliminations 1,052,288 1,402,681  
Equity Securities, FV-NI, Unrealized Gain (Loss) 814 (1,968) 1,471
Personal Lines Reporting Segment      
Segment Reporting Information      
Gross premiums written 34,334 64,100 62,289
Change in gross unearned premiums 6,914 7,055 (6,793)
Gross Premiums Earned, Property and Casualty 41,248 71,155 55,496
Ceded Premiums Earned (11,416) (20,730) (7,574)
Premiums Earned, Net, Property and Casualty 29,832 50,425 47,922
Investment Income, Net 3,119 1,759 1,091
Net realized gains (losses) (18) 28 172
Other revenue 79 42 46
Revenues 33,012 52,254 49,231
Losses and loss adjustment expenses 16,562 47,662 34,333
Policy Acquisition Costs 7,910 14,322 13,001
Operating Costs and Expenses 6,809 9,367 11,005
General and Administrative Expense 17,979 31,282 22,135
Interest Expense 0 1 1
Costs and Expenses 49,260 102,634 80,475
Operating Income (Loss) (16,248) (50,380) (31,244)
Other Income 2,394 (1,774) 128
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $ (13,854) $ (52,154) $ (31,116)
Underwriting Expense Ratio 55.50% 94.50% 71.60%
Underwriting Expense Ratio 109.60% 109.00% 96.30%
Combined Ratio 165.10% 203.50% 167.90%
Assets $ 195,120 $ (149,816)  
Assets by Segment after eliminations 85,099 129,303  
Equity Securities, FV-NI, Unrealized Gain (Loss) 0 0 $ 0
Amortization 1,602 14,446 5,070
Amortization 1,602 14,446 5,070
Personal Lines Reporting Segment | Intersegment Eliminations      
Segment Reporting Information      
Assets (110,021) 279,119  
Personal Lines Reporting Segment | Continuing Operations      
Segment Reporting Information      
Goodwill, Impairment Loss   10,156  
Goodwill, Impairment Loss   10,156  
Peronsal Lines Reporting Segment      
Segment Reporting Information      
Gross premiums written 635,709 508,243 422,238
Change in gross unearned premiums (40,993) (44,029) (11,975)
Gross Premiums Earned, Property and Casualty 594,716 464,214 410,263
Ceded Premiums Earned (342,664) (245,293) (237,056)
Premiums Earned, Net, Property and Casualty 252,052 218,921 173,207
Investment Income, Net 7,356 5,861 4,764
Net realized gains (losses) (6,790) (6,511) (34)
Other revenue 0 1,178 0
Revenues 253,431 217,483 179,408
Losses and loss adjustment expenses 46,299 87,143 54,718
Policy Acquisition Costs 75,436 80,996 80,198
Operating Costs and Expenses 3,008 3,926 4,873
General and Administrative Expense 10,620 9,579 7,599
Interest Expense 0 0 0
Costs and Expenses 135,363 181,644 147,388
Operating Income (Loss) 118,068 35,839 32,020
Other Income 60 2 1
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $ 118,128 $ 35,841 $ 32,021
Underwriting Expense Ratio 18.40% 39.80% 31.60%
Underwriting Expense Ratio 35.30% 43.20% 53.50%
Combined Ratio 53.70% 83.00% 85.10%
Assets $ 944,212 $ 1,588,385  
Assets by Segment after eliminations 896,159 1,270,069  
Equity Securities, FV-NI, Unrealized Gain (Loss) 813 (1,966) $ 1,471
Amortization 3,247 3,246 3,397
Amortization 3,247 3,246 3,397
Peronsal Lines Reporting Segment | Intersegment Eliminations      
Segment Reporting Information      
Assets (48,053) (318,316)  
Adjustments and Reconciling Items      
Segment Reporting Information      
Gross premiums written 0 0 0
Change in gross unearned premiums 0 0 0
Gross Premiums Earned, Property and Casualty 0 0 0
Ceded Premiums Earned 0 0 0
Premiums Earned, Net, Property and Casualty 0 0 0
Investment Income, Net 99 53 46
Net realized gains (losses) 0 0 0
Other revenue 0 3 0
Revenues 100 54 46
Losses and loss adjustment expenses 0 0 0
Policy Acquisition Costs 0 0 0
Operating Costs and Expenses 423 436 380
General and Administrative Expense 890 1,420 1,686
Interest Expense 10,875 9,482 9,302
Costs and Expenses 12,188 11,338 11,368
Operating Income (Loss) (12,088) (11,284) (11,322)
Other Income (215) 12,115 0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (12,303) 831 (11,322)
Income Tax Expense (Benefit)   24,522 (6,699)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (22,076) (23,691) (4,623)
Net Income (Loss) Attributable to Noncontrolling Interest 0 (111) (1,949)
Net Income (Loss) Attributable to Parent (22,076) (23,580) (2,674)
Assets (87,044) (35,888)  
Assets by Segment after eliminations 71,030 3,309  
Equity Securities, FV-NI, Unrealized Gain (Loss) 1 (2) $ 0
Adjustments and Reconciling Items | Intersegment Eliminations      
Segment Reporting Information      
Assets $ 158,074 $ 39,197