Conifer (CNFR) 10-Q 8 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 06, 2017
Document And Entity Information
Entity Registrant Name	Conifer Holdings, Inc.
Entity Central Index Key	1,502,292
Trading Symbol	cnfr
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		8,518,488
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Investment securities:
Fixed maturity securities, at fair value (amortized cost of $121,914 and $113,915, respectively)	$ 121,883	$ 113,163
Equity securities, at fair value (cost of $9,386 and $4,283, respectively)	10,157	4,579
Short-term investments, at fair value	13,815	10,788
Total investments	145,855	128,530
Cash	30,846	12,493
Premiums and agents' balances receivable, net	22,233	24,538
Receivable from affiliate	589	1,751
Reinsurance recoverables on unpaid losses	13,528	6,658
Reinsurance recoverables on paid losses	2,244	840
Ceded unearned premiums	1,082	4,120
Deferred policy acquisition costs	12,753	13,290
Other assets	7,179	11,481
Total assets	236,309	203,701
Liabilities:
Unpaid losses and loss adjustment expenses	82,756	54,651
Unearned premiums	55,669	58,126
Reinsurance premiums payable	7,349	0
Debt	29,010	17,750
Accounts payable and other liabilities	9,031	5,380
Total liabilities	183,815	135,907
Commitments and contingencies	0	0
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 8,518,488 and 7,633,070 issued and outstanding, respectively)	85,979	80,342
Accumulated deficit	(33,231)	(11,468)
Accumulated other comprehensive income (loss)	(254)	(1,080)
Total shareholders' equity	52,494	67,794
Total liabilities and shareholders' equity	$ 236,309	$ 203,701

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Fixed maturity securities, amortized cost	$ 121,914	$ 113,915
Equity securities, amortized cost	$ 9,386	$ 4,283
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	8,518,488	7,633,070
Common stock, shares outstanding (in shares)	8,518,488	7,633,070

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Premiums
Gross earned premiums	$ 28,891	$ 27,253	$ 85,493	$ 76,057
Ceded earned premiums	(11,232)	(3,873)	(19,198)	(10,893)
Net earned premiums	17,659	23,380	66,295	65,164
Net investment income	768	560	2,008	1,625
Net realized investment gains	39	71	31	604
Other gains	0	0	750	0
Other income	477	303	1,203	829
Total revenue	18,943	24,314	70,287	68,222
Expenses
Losses and loss adjustment expenses, net	26,468	14,582	58,875	40,822
Policy acquisition costs	6,655	6,266	19,555	18,282
Operating expenses	4,474	4,710	13,374	13,384
Interest expense	303	168	745	468
Total expenses	37,900	25,726	92,549	72,956
Income (loss) before equity earnings of affiliates and income taxes	(18,957)	(1,412)	(22,262)	(4,734)
Equity earnings of affiliates, net of tax	(76)	(47)	89	111
Income tax (benefit) expense	(135)	16	(410)	(607)
Net income (loss)	$ (18,898)	$ (1,475)	$ (21,763)	$ (4,016)
Earnings (loss) per per common share, basic and diluted (in dollars per share)	$ (2.46)	$ (0.19)	$ (2.85)	$ (0.53)
Weighted average common shares outstanding, basic and diluted (in shares)	7,675,952	7,608,284	7,647,520	7,613,954

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (18,898)	$ (1,475)	$ (21,763)	$ (4,016)
Unrealized investment gains (losses):
Unrealized investment gains (losses) during the period	377	(109)	1,281	1,629
Income tax (benefit) expense	117	(23)	398	564
Unrealized investment gains (losses), net of tax	260	(86)	883	1,065
Less: reclassification adjustments to:
Net realized investment gains (losses) included in net income (loss)	7	(43)	57	(301)
Income tax benefit	0	(17)	0	(104)
Total reclassifications included in net income (loss), net of tax	7	(26)	57	(197)
Other comprehensive income (loss)	253	(60)	826	1,262
Total comprehensive income (loss)	$ (18,645)	$ (1,535)	$ (20,937)	$ (2,754)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	No Par, Common Stock	Accumulated deficit	Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period (in shares) at Dec. 31, 2015		7,644,492
Balance at beginning of period at Dec. 31, 2015	$ 77,262	$ 80,111	$ (3,031)	$ 182
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(4,016)		(4,016)
Repurchase of common stock (in shares)		(88,650)
Repurchase of common stock	(625)	$ (625)
Restricted stock unit expense (in shares)		75,388
Restricted stock unit expense	621	$ 621
Other comprehensive loss	1,262			1,262
Balance at end of period (in shares) at Sep. 30, 2016		7,631,230
Balance at end of period at Sep. 30, 2016	74,504	$ 80,107	(7,047)	1,444
Balance at beginning of period at Jun. 30, 2016				1,504
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,475)
Other comprehensive loss	(60)
Balance at end of period (in shares) at Sep. 30, 2016		7,631,230
Balance at end of period at Sep. 30, 2016	74,504	$ 80,107	(7,047)	1,444
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(4,421)		(4,421)
Restricted stock unit expense (in shares)		1,840
Restricted stock unit expense	235	$ 235
Other comprehensive loss	(2,524)			(2,524)
Balance at end of period (in shares) at Dec. 31, 2016		7,633,070
Balance at end of period at Dec. 31, 2016	67,794	$ 80,342	(11,468)	(1,080)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(21,763)		(21,763)
Restricted stock unit expense (in shares)		85,418
Restricted stock unit expense	650	$ 650
Other comprehensive loss	826			826
Issuance of common stock private placement (in shares)		800,000
Issuance of common stock private placement	5,000	$ 5,000
Private placement expenses	(13)	$ (13)
Balance at end of period (in shares) at Sep. 30, 2017		8,518,488
Balance at end of period at Sep. 30, 2017	52,494	$ 85,979	(33,231)	(254)
Balance at beginning of period at Jun. 30, 2017				(507)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(18,898)
Other comprehensive loss	253
Balance at end of period (in shares) at Sep. 30, 2017		8,518,488
Balance at end of period at Sep. 30, 2017	$ 52,494	$ 85,979	$ (33,231)	$ (254)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows From Operating Activities
Net income (loss)	$ (21,763)	$ (4,016)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization of property and equipment, and intangibles	296	298
Amortization of bond premium and discount, net	395	432
Net realized gains on investments	(31)	(604)
Incentive awards expenses - vesting of restricted stock units	650	621
Equity earnings of affiliate	(89)	(111)
(Increase) decrease in:
Premiums and agents' balances receivable	3,467	(1,323)
Reinsurance recoverables	(8,274)	(2,909)
Ceded unearned premiums	3,038	(1,368)
Deferred policy acquisition costs	537	(1,101)
Other assets	4,025	(1,490)
Increase (decrease) in:
Unpaid losses and loss adjustment expenses	28,105	10,572
Unearned premiums	(2,457)	7,559
Accounts payable and other liabilities	9,607	(346)
Net cash provided by operating activities	17,506	6,214
Purchase of investments:
Fixed maturity securities	(26,448)	(43,284)
Equity securities	(4,847)	(1,099)
Short-term investments	(127,947)	(85,806)
Proceeds from maturities and redemptions of investments:
Fixed maturity securities	6,350	12,315
Other redemptions	11,778	0
Proceeds from sales of investments:
Fixed maturity securities	966	27,426
Equity securities	453	1,200
Short-term investments	124,926	78,144
Purchases of property and equipment	(6)	(148)
Net cash used in investing activities	(14,775)	(11,252)
Cash Flows From Financing Activities
Proceeds received from issuance of shares of common stock	4,375	0
Repurchase of common stock	0	(625)
Borrowings under debt arrangements	32,000	3,000
Repayment of borrowings under debt arrangements	(19,750)	(1,500)
Payment of equity issuance costs	(13)	0
Payment of debt issuance costs	(990)	0
Net cash provided by financing activities	15,622	875
Net increase (decrease) in cash	18,353	(4,163)
Cash at beginning of period	12,493	12,703
Cash at end of period	30,846	8,540
Supplemental Disclosure of Cash Flow Information:
Interest paid	860	343
Net income taxes paid	0	47
Payable for securities - non cash item	$ 1,500	$ 1,464

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The consolidated financial statements include accounts, after elimination of intercompany accounts and transactions, of Conifer Holdings, Inc. (the “Company” or “Conifer”), its wholly owned subsidiaries, Conifer Insurance Company ("CIC"), White Pine Insurance Company ("WPIC"), Red Cedar Insurance Company ("RCIC"), and Sycamore Insurance Agency, Inc ("SIA"). CIC, WPIC, and RCIC are collectively referred to as the "Insurance Company Subsidiaries." On a stand-alone basis, Conifer Holdings, Inc. is referred to as the "Parent Company." On December 30, 2016, the Company's wholly owned subsidiary, American Colonial Insurance Company ("ACIC") was merged into WPIC, with WPIC as the surviving entity. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The Company has applied the rules and regulations of the United States Securities and Exchange Commission (“SEC”) regarding interim financial reporting and therefore the consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements. In the opinion of management, all adjustments, consisting of items of a normal recurring nature, necessary for a fair presentation of the consolidated interim financial statements, have been included. The results of operations for the nine months ended September 30, 2017 , are not necessarily indicative of the results expected for the year ended December 31, 2017 . These consolidated financial statements and the notes thereto should be read in conjunction with the Company's audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2016 , as filed with the SEC on March 15, 2017. Business The Company is engaged in the sale of property and casualty insurance products and has organized its business model around two classes of insurance businesses: commercial and personal lines. The Company underwrites a variety of specialty insurance products, including property, general liability, liquor liability, automobile, homeowners and dwelling policies. The Company markets and sells its insurance products through a network of independent agents and managing general agents. Policies are written in all 50 states. The Company’s corporate headquarters is located in Birmingham, Michigan with additional office facilities in Florida, Pennsylvania and Tennessee. The Company also generates other revenues through investment income and other income which mainly consists of installment fees and policy issuance fees generally related to the policies we write. We also generate equity earnings from SIA's 50% owned agency (the "Affiliate"). The Affiliate places small commercial risks mainly for alarm and security guard markets. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. While management believes the amounts included in the consolidated financial statements reflect management's best estimates and assumptions, actual results may differ from these estimates. Recently Issued Accounting Guidance In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments (Topic 825): Recognition and Measurement of Financial Assets and Financial Liabilities . The ASU significantly changes the income statement impact of equity investments and the recognition of changes in fair value of financial liabilities attributable to an entity's own credit risk when the fair value option is elected. The ASU requires equity instruments that are not accounted for under the equity method to be measured at fair value and to recognize any changes in fair value in net income rather than other comprehensive income. ASU No. 2016-01 becomes effective for the Company in 2018 and will be applied using a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. The provisions related to equity investments without a readily determinable fair value will be applied prospectively to equity investments as of the adoption date. Adoption of this ASU is not expected to have a material impact on the Company's financial position, cash flows, or total comprehensive income, but may have a material impact on the Company's results of operations as changes in fair value of equity instruments will be presented in net income rather than other comprehensive income. For the nine months ended September 30, 2017 , other comprehensive income includes $476,000 of net unrealized gains on equity securities, net of taxes. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The ASU requires lessees to record most leases on their balance sheets as a lease liability with a corresponding right-of-use asset, but continue to recognize the related leasing expense within net income. ASU No. 2016-02 becomes effective for the Company in 2019 and will be applied using a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. The Company's future minimum lease payments, which represent minimum annual rental commitments excluding taxes, insurance and other operating costs for noncancelable operating leases, and will be subject to this new guidance, totaled $5.2 million at December 31, 2016. The calculation of the lease liability and right-of-use asset requires further analysis of the underlying leases to determine which portions of the underlying lease payments are required to be included in the calculation, however, the Company does not believe that this standard will have a material impact on the financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), which amends the current methodology and timing for recognizing credit losses, except for debt securities measured at fair value. This amendment will replace the current GAAP "incurred loss" methodology for credit losses with a methodology based on expected credit losses. The new guidance will also require expanded consideration of a broader range of reasonable and increased supportable information for the credit loss estimates. This ASU is effective for annual and interim reporting periods beginning after December 15, 2018. The Company does not believe this standard will have a material impact on the financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) , which clarifies how certain cash receipts and cash payments should be presented and classified in the statement of cash flow under Topic 230, Statement of Cash Flows . This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. This ASU becomes effective for the Company beginning in 2018. Early adoption is permitted. The Company does not believe that this standard will have a material impact to the statement of cash flows.

Investments

Investments	9 Months Ended
	Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Investments	Investments The cost or amortized cost, gross unrealized gain or loss, and estimated fair value of the investments in securities classified as available for sale at September 30, 2017 and December 31, 2016 , were as follows (dollars in thousands): September 30, 2017 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Fixed Maturity Securities: U.S. Government obligations $ 9,252 $ 26 $ (43 ) $ 9,235 State and local government 16,009 246 (53 ) 16,202 Corporate debt 40,219 279 (162 ) 40,336 Commercial mortgage-backed and other asset-backed 56,434 156 (480 ) 56,110 Total fixed maturity securities available for sale 121,914 707 (738 ) 121,883 Equity Securities 9,386 923 (152 ) 10,157 Total securities available for sale $ 131,300 $ 1,630 $ (890 ) $ 132,040 December 31, 2016 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Fixed Maturity Securities: U.S. Government obligations $ 5,908 $ 31 $ (36 ) $ 5,903 State and local government 13,618 106 (205 ) 13,519 Corporate debt 34,105 205 (254 ) 34,056 Commercial mortgage-backed and other asset-backed 60,284 132 (731 ) 59,685 Total fixed maturity securities available for sale 113,915 474 (1,226 ) 113,163 Equity Securities 4,283 366 (70 ) 4,579 Total securities available for sale $ 118,198 $ 840 $ (1,296 ) $ 117,742 The following table summarizes the aggregate fair value and gross unrealized losses, by security type, of the available-for-sale securities in unrealized loss positions. The table segregates the holdings based on the length of time that individual securities have been in a continuous unrealized loss position, as follows (dollars in thousands): September 30, 2017 Less than 12 months Greater than 12 months Total No. of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses Fixed Maturity Securities: U.S. Government obligations 10 $ 6,177 $ (37 ) 4 $ 914 $ (6 ) 14 $ 7,091 $ (43 ) State and local government 23 6,108 (35 ) 3 506 (18 ) 26 6,614 (53 ) Corporate debt 13 7,568 (143 ) 5 2,037 (19 ) 18 9,605 (162 ) Commercial mortgage and asset-backed 42 31,653 (424 ) 6 1,656 (56 ) 48 33,309 (480 ) Total fixed maturity securities available for sale 88 51,506 (639 ) 18 5,113 (99 ) 106 56,619 (738 ) Equity Securities: Common stocks 19 1,087 (141 ) 1 33 (11 ) 20 1,120 (152 ) Total equity securities available for sale 19 1,087 (141 ) 1 33 (11 ) 20 1,120 (152 ) Total securities 107 $ 52,593 $ (780 ) 19 $ 5,146 $ (110 ) 126 $ 57,739 $ (890 ) December 31, 2016 Less than 12 months Greater than 12 months Total No. of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses Fixed Maturity Securities: U.S. Government obligations 15 $ 4,539 $ (36 ) — $ — $ — 15 $ 4,539 $ (36 ) State and local government 29 8,217 (202 ) 1 104 (3 ) 30 8,321 (205 ) Corporate debt 22 9,031 (239 ) 7 3,369 (15 ) 29 12,400 (254 ) Commercial mortgage and asset-backed 59 38,048 (722 ) 5 802 (9 ) 64 38,850 (731 ) Total fixed maturity securities available for sale 125 59,835 (1,199 ) 13 4,275 (27 ) 138 64,110 (1,226 ) Equity Securities: Common stock 76 2,472 (61 ) 2 66 (9 ) 78 2,538 (70 ) Total equity securities available for sale 76 2,472 (61 ) 2 66 (9 ) 78 2,538 (70 ) Total securities 201 $ 62,307 $ (1,260 ) 15 $ 4,341 $ (36 ) 216 $ 66,648 $ (1,296 ) The Company analyzed its investment portfolio in accordance with its other-than-temporary impairment ("OTTI") review procedures and determined the Company did not need to record a credit-related OTTI loss in net income, nor recognize a non-credit related OTTI loss in other comprehensive income for the nine months ended September 30, 2017 and 2016 . The Company’s sources of net investment income are as follows (dollars in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Fixed maturity securities $ 733 $ 616 $ 2,030 $ 1,772 Equity securities 44 23 94 75 Cash and short-term investments 64 7 91 13 Total investment income 841 646 2,215 1,860 Investment expenses (73 ) (86 ) (207 ) (235 ) Net investment income $ 768 $ 560 $ 2,008 $ 1,625 The following table summarizes the gross realized gains and losses from sales or maturities of available-for-sale fixed maturity and equity securities (dollars in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Fixed maturity securities: Gross realized gains $ 29 $ 7 $ 29 $ 524 Gross realized losses (1 ) — (8 ) (22 ) Total fixed maturity securities 28 7 21 502 Equity securities: Gross realized gains 11 79 40 230 Gross realized losses — (15 ) (30 ) (128 ) Total equity securities 11 64 10 102 Total realized gains (losses) $ 39 $ 71 $ 31 $ 604 Proceeds from the sales of debt and equity securities available for sale, maturities and other redemptions (primarily the return of capital) were $19.5 million and $40.9 million for the nine months ended September 30, 2017 and 2016 , respectively. The table below summarizes the amortized cost and fair value of available-for-sale fixed maturity securities by contractual maturity at September 30, 2017 . Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties (dollars in thousands): Amortized Cost Estimated Fair Value Due in one year or less $ 11,122 $ 11,136 Due after one year through five years 34,171 34,327 Due after five years through ten years 11,255 11,392 Due after ten years 8,932 8,918 Securities with contractual maturities 65,480 65,773 Commercial mortgage and asset backed 56,434 56,110 Total Fixed maturity securities $ 121,914 $ 121,883 At September 30, 2017 and December 31, 2016 , the Insurance Company Subsidiaries had an aggregate of $8.2 million and $9.6 million respectively, on deposit in trust accounts to meet the deposit requirements of various state insurance departments. At September 30, 2017 and December 31, 2016 , the Company had $12.8 million and $10.3 million held in trust accounts to meet collateral requirements with other third-party insurers, relating to various fronting arrangements. There are withdrawal and other restrictions on these deposits, including the type of investments that may be held, however, the Company may generally invest in high-grade bonds and short-term investments and earn interest on the funds.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s financial instruments include assets and liabilities carried at fair value, as well as assets and liabilities carried at cost or amortized cost but disclosed at fair value in these consolidated financial statements. Fair value is defined as the price that would be received for an asset or paid to transfer a liability in the principally most advantageous market for the asset or liability in an orderly transaction between market participants. In determining fair value, the Company applies the market approach, which uses prices and other relevant data based on market transactions involving identical or comparable assets and liabilities. The inputs to valuation techniques used to measure fair value are prioritized into a three-level hierarchy. The hierarchy gives the highest priority to quoted prices from sources independent of the reporting entity (“observable inputs”) and the lowest priority to prices determined by the reporting entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (“unobservable inputs”). The fair value hierarchy is as follows: Level 1 —Valuations that are based on quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 —Valuations that are based on observable inputs (other than Level 1 prices) such as quoted prices for similar assets or liabilities at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 —Unobservable inputs that are supported by little or no market activity. The unobservable inputs represent the Company’s best assumption of how market participants would price the assets or liabilities. The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis, classified by the valuation hierarchy as of September 30, 2017 and December 31, 2016 (dollars in thousands): September 30, 2017 Fair Value Measurements Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Fixed Maturity Securities: U.S. Government obligations $ 9,235 $ — $ 9,235 $ — State and local government 16,202 — 16,202 — Corporate debt 40,336 — 40,336 — Commercial mortgage-backed and other asset-backed 56,110 — 56,110 — Total fixed maturity securities 121,883 — 121,883 — Equity Securities 10,157 5,055 5,102 — Short-term investments 13,815 13,815 — — Total assets measured at fair value $ 145,855 $ 18,870 $ 126,985 $ — Liabilities: Debt $ 29,010 $ — $ 29,010 $ — Total Liabilities measured at fair value $ 29,010 $ — $ 29,010 $ — December 31, 2016 Fair Value Measurements Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Fixed Maturity Securities: U.S. Government obligations $ 5,903 $ — $ 5,903 $ — State and local government 13,519 — 13,519 — Corporate debt 34,056 — 34,056 — Commercial mortgage-backed and other asset-backed 59,685 — 59,685 — Total fixed maturity securities 113,163 — 113,163 — Equity Securities 4,579 4,469 110 — Short-term investments 10,788 10,788 — — Total assets measured at fair value $ 128,530 $ 15,257 $ 113,273 $ — Liabilities: Debt $ 17,750 $ — $ 17,750 $ — Total Liabilities measured at fair value $ 17,750 $ — $ 17,750 $ — Level 1 investments consist of equity securities traded in an active exchange market. The Company uses unadjusted quoted prices for identical instruments to measure fair value. Level 1 also includes money market funds and other interest-bearing deposits at banks, which are reported as short-term investments. The fair value measurements that were based on Level 1 inputs comprise 12.9% of the fair value of the total investment portfolio as of September 30, 2017 . Level 2 investments include fixed maturity securities, which consist of U.S. government agency securities, state and local municipal bonds (including those held as restricted securities), corporate debt securities, mortgage-backed and asset-backed securities. The Company obtains pricing for each security from independent pricing services, investment managers or consultants to assist in determining fair value for its Level 2 investments. The fair value of securities included in the Level 2 category based on the market values obtained from a third party pricing service were evaluated using pricing models that vary by asset class and incorporate available trade, bid and other observable market information. The third party pricing service monitors market indicators, as well as industry and economic events. The fair value measurements that were based on Level 2 inputs comprise 87.1% of the fair value of the total investment portfolio as of September 30, 2017 . To validate that these quoted prices are reasonable estimates of fair value, the Company performs various quantitative and qualitative procedures, such as (i) evaluation of the underlying methodologies, (ii) analysis of recent sales activity, (iii) analytical review of our fair values against current market prices and (iv) comparison of the pricing services’ fair value to other pricing services’ fair value for the same investment. No markets for the investments were determined to be inactive for the periods presented. Based on these procedures, the Company did not adjust the prices or quotes provided from independent pricing services, investment managers or consultants. The Level 2 financial instruments also include our debt. At September 30, 2017 the fair value of borrowings, consisting of fifteen year subordinated notes, approximate its carrying amount. At December 31, 2016 , the fair value of borrowings under the debt, consisting of the revolving credit facility and term loans, approximates its carrying amount because interest is based on a short-term, variable, market-based rate. The Company’s policy on recognizing transfers between hierarchy levels is applied at the end of each reporting period. There were no transfers between Levels 1, 2 and 3 for the nine months ended September 30, 2017 and 2016 , respectively.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	9 Months Ended
	Sep. 30, 2017
Deferred Policy Acquisition Costs Disclosures [Abstract]
Deferred Policy Acquisition Costs	Deferred Policy Acquisition Costs The Company defers costs incurred which are incremental and directly related to the successful acquisition of new or renewal insurance business, net of corresponding amounts of ceded reinsurance commissions. Net deferred policy acquisition costs are amortized and charged to expense in proportion to premium earned over the estimated policy term. The Company anticipates that its deferred policy acquisition costs will be fully recoverable and there were no premium deficiencies for the nine months ended September 30, 2017 and 2016 . The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): Three Months Ended Nine Months Ended 2017 2016 2017 2016 Balance at beginning of period $ 12,649 $ 13,182 $ 13,290 $ 12,102 Deferred policy acquisition costs 6,759 6,287 19,018 19,383 Amortization of policy acquisition costs (6,655 ) (6,266 ) (19,555 ) (18,282 ) Net change 104 21 (537 ) 1,101 Balance at end of period $ 12,753 $ 13,203 $ 12,753 $ 13,203

Unpaid Losses and Loss Adjustme

Unpaid Losses and Loss Adjustment Expenses	9 Months Ended
	Sep. 30, 2017
Insurance Loss Reserves [Abstract]
Unpaid Losses and Loss Adjustment Expenses	Unpaid Losses and Loss Adjustment Expenses The Company establishes reserves for unpaid losses and loss adjustment expenses ("LAE") which represent the estimated ultimate cost of all losses incurred that were both reported and unreported (i.e., incurred but not yet reported losses; or “IBNR”) and LAE incurred that remain unpaid at the balance sheet date. The Company’s reserving process takes into account known facts and interpretations of circumstances and factors including the Company’s experience with similar cases, actual claims paid, historical trends involving claim payment patterns and pending levels of unpaid claims, loss management programs, product mix and contractual terms, changes in law and regulation, judicial decisions, and economic conditions. In the normal course of business, the Company may also supplement its claims processes by utilizing third party adjusters, appraisers, engineers, inspectors, and other professionals and information sources to assess and settle catastrophe and non-catastrophe related claims. The effects of inflation are implicitly considered in the reserving process. Reserves are estimates of unpaid portions of losses that have occurred, including IBNR losses; therefore the establishment of appropriate reserves is an inherently uncertain and complex process. The ultimate cost of losses may vary materially from recorded amounts, which are based on management’s best estimates. The highest degree of uncertainty is associated with reserves for losses incurred in the current reporting period as it contains the greatest proportion of losses that have not been reported or settled. The Company regularly updates its reserve estimates as new information becomes available and as events unfold that may affect the resolution of unsettled claims. Changes in reserve estimates, which may be material, are reported in the results of operations in the period such changes are determined to be needed and recorded. Management believes that the reserve for losses and LAE, net of reinsurance recoverables, is appropriately established in the aggregate and adequate to cover the ultimate net cost of reported and unreported claims arising from losses which had occurred by the date of the consolidated financial statements based on available facts and in accordance with applicable laws and regulations. The table below provides the changes in the reserves for losses and LAE, net of reinsurance recoverables, for the periods indicated as follows (dollars in thousands): Three Months Ended Nine Months Ended 2017 2016 2017 2016 Gross reserves - beginning of period $ 66,917 $ 41,832 $ 54,651 $ 35,422 Less: reinsurance recoverables on unpaid losses 10,552 5,890 6,658 5,405 Net reserves - beginning of period 56,365 35,942 47,993 30,017 Add: incurred losses and LAE, net of reinsurance: Current period 24,398 11,989 49,449 35,135 Prior period 2,070 2,593 9,426 5,687 Total net incurred losses and LAE 26,468 14,582 58,875 40,822 Deduct: loss and LAE payments, net of reinsurance: Current period 7,194 6,938 14,410 14,730 Prior period 6,411 3,926 23,230 16,449 Total net loss and LAE payments 13,605 10,864 37,640 31,179 Net reserves - end of period 69,228 39,660 69,228 39,660 Plus: reinsurance recoverables on unpaid losses 13,528 6,334 13,528 6,334 Gross reserves - end of period $ 82,756 $ 45,994 $ 82,756 $ 45,994 On September 28, 2017, the Company entered into an adverse development cover reinsurance agreement (the "ADC") to cover loss development of up to $17.5 million in excess of stated reserves as of June 30, 2017. The agreement provides up to $17.5 million of reinsurance for adverse net loss reserve development for accident years 2005 through 2016. The agreement attaches when net losses exceed $1.4 million of the $36.6 million carried reserves at June 30, 2017, and extends to $19.5 million in coverage up to $57.5 million (inclusive of a 10% co-participation). The Company’s incurred losses during the three and nine months ended September 30, 2017 , included prior-year adverse reserve development of $2.1 million and $9.4 million , respectively. The $2.1 million of net adverse development was comprised of $865,000 from the commercial liability line of business, $697,000 from the Florida homeowners line, $604,000 from the commercial auto line of business, $350,000 from the commercial property line, offset by $446,000 of favorable development from other lines. For the nine months ended September 30, 2017 , there was adverse development of $4.2 million from the commercial liability line of business, $2.4 million from the Florida homeowners line, $2.2 million from the commercial property line, $932,000 from the commercial auto line of business, offset by $277,000 of favorable development in other lines. Incurred losses during the three months ended September 30, 2017 also included $5.0 million in net catastrophe losses in the current accident year related to Hurricane Harvey and Hurricane Irma in Texas and Florida. The Company’s incurred losses during the three and nine months ended September 30, 2016 included prior-year adverse reserve development of $2.6 million and $5.7 million , respectively. In the third quarter of 2016, there was $759,000 and $584,000 of adverse development in the Florida homeowners and commercial automobile lines, respectively. For the nine months ended September 30, 2016, there was adverse development of $2.2 million from the Florida homeowners line and $2.1 million from the commercial automobile line. The balance of the adverse development stemmed from the general liability products, mostly related to the hospitality lines. On a year-to-date basis, however, the reserve development on general liability products was slightly favorable.

Reinsurance

Reinsurance	9 Months Ended
	Sep. 30, 2017
Reinsurance Disclosures [Abstract]
Reinsurance	Reinsurance In the normal course of business, the Company seeks to minimize the loss that may arise from catastrophes or other events that cause unfavorable underwriting results by reinsuring certain levels of risk in various areas of exposure with reinsurers. The Company participates in reinsurance agreements in order to limit its loss exposure including protecting against catastrophe losses. The Company primarily ceded all specific commercial risks in excess of $500 thousand in both 2017 and 2016 . Reinsurance does not discharge the direct insurer from liability to its policyholders. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company evaluates the financial condition of its reinsurers and monitors the concentration of credit risk arising from similar geographic regions, activities, or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. To date, the Company has not experienced any significant difficulties in collecting reinsurance recoverables. The Company assumes written premiums under a few fronting arrangements, most of which are net of other reinsurance arrangements. The fronting arrangements are with unaffiliated insurers who write on behalf of the Company in markets that require a higher A.M. Best rating than the Company’s current rating, where the policies are written in a state where the Company is not licensed or for other strategic reasons. The consideration for the ADC entered into in the third quarter was a payment of $7.2 million , which resulted in a one-time charge to ceded premiums fully earned in the third quarter. There is a 35% contingent recovery depending on the performance of the reserves over time. No recovery is currently reflected in the financial statements. The following table presents the effects of such reinsurance and assumption transactions on premiums and losses and LAE (dollars in thousands). The 2017 ceded written and earned premium amounts include $600,000 of reinsurance reinstatement costs relating to Hurricane Irma. Three Months Ended Nine Months Ended 2017 2016 2017 2016 Written premiums: Direct $ 20,112 $ 22,340 $ 61,731 $ 66,473 Assumed 9,469 6,157 21,305 17,143 Ceded (11,186 ) (3,863 ) (19,235 ) (10,755 ) Net written premiums $ 18,395 $ 24,634 $ 63,801 $ 72,861 Earned premiums: Direct $ 21,797 $ 23,057 $ 65,817 $ 67,871 Assumed 7,094 4,196 19,676 8,186 Ceded (11,232 ) (3,873 ) (19,198 ) (10,893 ) Net earned premiums $ 17,659 $ 23,380 $ 66,295 $ 65,164 Losses and LAE: Direct $ 27,268 $ 13,616 $ 59,496 $ 41,460 Assumed 5,313 1,750 14,017 4,106 Ceded (6,113 ) (784 ) (14,638 ) (4,744 ) Net Losses and LAE $ 26,468 $ 14,582 $ 58,875 $ 40,822

Debt

Debt	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt	Debt On September 29, 2017, the Company executed $30.0 million in private placement subordinated notes (the "Notes"). The Notes have a maturity date of September 29, 2032, bear interest, payable quarterly at a fixed annual rate of 8.0% , and allow for up to four quarterly interest deferrals. On the fifth and tenth anniversary of the notes, the interest rate resets to 1,250 basis points and 1,500 basis points, respectively, above the 5 -year mid-swap rate. The Notes include an issuer call option at par from July 31, 2018, through October 31, 2018, and at 105% of par any time after September 29, 2020. The carrying value of the Notes is offset by $990,000 of debt issuance costs that will be amortized through interest expense over the life of the loan. The Notes replaced the Company's senior debt facility ("Credit Facility"), which was terminated upon execution of the Notes. The Credit Facility was comprised of three notes: a $17.5 million revolving line of credit ("Revolver") which commenced in October 2013; a $5.0 million five -year term note ("Term Note") which commenced in October 2013; and a $7.5 million five -year term note which commenced in September 2014 ("2014 Term Note"). A summary of the outstanding debt is as follows (dollars in thousands): September 30, 2017 December 31, 2016 Subordinated Debt $ 29,010 $ — Revolver — 10,500 Term Note — 1,750 2014 Term Note — 5,500 Total $ 29,010 $ 17,750 The proceeds from the Notes were utilized to repay the outstanding balances on the Credit Facility, consisting of the $11.0 million Revolver and $5.4 million term notes. The Notes contain various restrictive covenants that relate to the Company’s tangible net worth, fixed-charge coverage ratios, dividend paying capacity, reinsurance retentions, and risk-based capital ratios. At September 30, 2017 , the Company was in compliance with all of its subordinated debt financial covenants.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2017
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity In September 2017, the Company issued $5.0 million of common equity through a private placement for 800,000 shares priced at $6.25 . The participants in the private placement consisted mainly of members of the Company’s management team and insiders, including Chairman and CEO James Petcoff. The Company will use the proceeds to strengthen its balance sheet through contributions to the subsidiaries to support their future growth, as well as cover the cost of the ADC and reserve strengthening. At September 30, 2017, $625,000 of the total issuance was receivable; those funds were fully collected within ten days of period end. On February 25, 2016, the Company's Board of Directors authorized a stock repurchase program, under which the Company may repurchase up to $2.1 million of its outstanding common stock over a one -year period. Under this program, management was authorized to repurchase shares at prevailing market prices through open market purchases, privately negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b5-1 and 10b-18 of the Securities Exchange Act of 1934, as amended. The actual timing, number and value of shares repurchased under the program was determined by management in its discretion and depended on a number of factors, including the market price of the Company’s stock, general market conditions, and other factors. The plan expired on February 25, 2017. For the nine months ended September 30, 2017 , the Company had not repurchased or retired any shares of stock. In 2016, the Company repurchased and retired 88,650 shares of stock valued at approximately $625 thousand .

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Other Comprehensive Income (Loss)	Other Comprehensive Income (Loss) The following table presents changes in accumulated other comprehensive income (loss) for unrealized gains and losses on available-for-sale securities (dollars in thousands): Three Months Ended Nine Months Ended 2017 2016 2017 2016 Balance at beginning of period $ (507 ) $ 1,504 $ (1,080 ) $ 182 Other comprehensive income (loss) before reclassifications 260 (86 ) 883 1,065 Less: amounts reclassified from accumulated other comprehensive income (loss) 7 (26 ) 57 (197 ) Net current period other comprehensive income (loss) 253 (60 ) 826 1,262 Balance at end of period $ (254 ) $ 1,444 $ (254 ) $ 1,444

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic and diluted earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except per share amounts): Three Months Ended Nine Months Ended 2017 2016 2017 2016 Net income (loss) $ (18,898 ) $ (1,475 ) $ (21,763 ) $ (4,016 ) Weighted average common shares, basic and diluted* 7,675,952 7,608,284 7,647,520 7,613,954 Earnings (loss) per common share, basic and diluted $ (2.46 ) $ (0.19 ) $ (2.85 ) $ (0.53 ) * The 309,000 nonvested shares of the restricted stock units were anti-dilutive as of September 30, 2017 . Therefore, the basic and diluted weighted average common shares are equal for the three and nine months ended September 30, 2017 .

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	Stock-based Compensation In 2015, the Company issued 390,352 RSUs to executive officers and other employees to be settled in shares of common stock. The total RSUs were valued at $4.1 million on the date of grant. In 2016, the Company issued 111,281 RSUs to executive officers and other employees valued at $909,000 on the date of grant. The following summarizes our restricted stock unit "RSU" activity (units in thousands): Number of Units Weighted Average Grant-Date Fair Value Outstanding at December 31, 2015 390 $ 10.48 Units granted 111 8.17 Units vested (75 ) 10.5 Units forfeited — — Outstanding at September 30, 2016 426 $ 9.88 Units granted — — Units vested (2 ) 9.56 Units forfeited (8 ) 9.95 Outstanding at December 31, 2016 416 $ 9.87 Units granted — — Units vested (93 ) 9.97 Units forfeited (14 ) 9.95 Outstanding at September 30, 2017 309 $ 9.84 The Company recorded $650,000 and $621,000 of compensation expense related to the RSUs for the nine months ended September 30, 2017 and 2016 , respectively. The total compensation cost related to the non-vested portion of the restricted stock units which has not been recognized as of September 30, 2017 , was $3.0 million .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal proceedings The Company and its subsidiaries are subject at times to various claims, lawsuits and proceedings relating principally to alleged errors or omissions in the placement of insurance, claims administration, and other business transactions arising in the ordinary course of business. Where appropriate, the Company vigorously defends such claims, lawsuits and proceedings. Some of these claims, lawsuits and proceedings seek damages, including consequential, exemplary or punitive damages, in amounts that could, if awarded, be significant. Most of the claims, lawsuits and proceedings arising in the ordinary course of business are related to the insurance policy issued. On the basis of current information, the Company does not believe that there is a reasonable possibility that any material loss exceeding amounts already accrued, if any, will result from any of the claims, lawsuits and proceedings to which the Company is subject, either individually, or in the aggregate.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is engaged in the sale of property and casualty insurance products and has organized its business model around two classes of insurance businesses: commercial and personal lines. Within these two insurance businesses, the Company offers various insurance products. Such insurance businesses are engaged in underwriting and marketing insurance coverages, and administering claims processing for such policies. The Company defines its operating segments as components of the business where separate financial information is available and used by the chief operating decision maker in deciding how to allocate resources to its segments and in assessing its performance. In assessing performance of its operating segments, the Company’s chief operating decision maker, the Chief Executive Officer, reviews a number of financial measures including gross written premiums, net earned premiums, losses and LAE, net of reinsurance recoveries. However, the primary measure used for making decisions about resources to be allocated to an operating segment and assessing performance is segment underwriting gain or loss which is defined as segment revenues, consisting of net earned premiums and other income, less segment expenses, consisting of losses and LAE, policy acquisition costs and other underwriting and operating expenses of the operating segments. Other underwriting and operating expenses primarily include compensation and related benefits for underwriting personnel, licensing of policy issuance and claims systems, rent and utilities. The Company markets, distributes and sells its insurance products primarily through a network of independent agents. All of the Company’s insurance activities are conducted in the United States with a concentration of activity in Florida, Michigan, Texas and Pennsylvania. For the nine months ended September 30, 2017 and 2016 , gross written premiums attributable to these four states were 60% and 58% of the Company’s total gross written premiums. In addition to the reportable operating segments, the Company maintains a Corporate and Other category to reconcile segment results to the consolidated totals. The Corporate and Other category includes: (i) corporate operating expenses such as salaries and related benefits of the Company’s executive management team and finance and information technology personnel, and other corporate headquarters expenses, (ii) interest expense on the Company’s debt obligations; (iii) depreciation and amortization on property and equipment, and (iv) all investment income activity. All investment income activity is reported within net investment income and net realized investment gains on the consolidated statements of operations. The Company’s assets on the consolidated balance sheet are not allocated to the reportable segments. The following tables present information by reportable operating segment (dollars in thousands): Three Months Ended September 30, 2017 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 23,509 $ 6,072 $ — $ 29,581 Net written premiums $ 16,221 $ 2,174 $ — $ 18,395 Net earned premiums $ 15,658 $ 2,001 $ — $ 17,659 Other income 162 281 34 477 Segment revenue 15,820 2,282 34 18,136 Losses and loss adjustment expenses, net 19,589 6,879 — 26,468 Policy acquisition costs 5,161 1,494 — 6,655 Operating expenses 3,322 808 344 4,474 Segment expenses 28,072 9,181 344 37,597 Segment underwriting gain (loss) $ (12,252 ) $ (6,899 ) $ (310 ) $ (19,461 ) Net investment income 768 768 Net realized investment gains 39 39 Interest expense $ (303 ) $ (303 ) Income (loss) before equity earnings of affiliates and income taxes $ 194 $ (18,957 ) Three Months Ended September 30, 2016 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 20,759 $ 7,738 $ — $ 28,497 Net written premiums $ 18,230 $ 6,404 $ — $ 24,634 Net earned premiums $ 17,878 $ 5,502 $ — $ 23,380 Other income 81 101 121 303 Segment revenue 17,959 5,603 121 23,683 Losses and loss adjustment expenses, net 9,564 5,018 — 14,582 Policy acquisition costs 4,868 1,398 — 6,266 Operating expenses 1,803 779 2,128 4,710 Segment expenses 16,235 7,195 2,128 25,558 Segment underwriting gain (loss) $ 1,724 $ (1,592 ) $ (2,007 ) $ (1,875 ) Net investment income 560 560 Net realized investment gains 71 71 Interest expense (168 ) (168 ) Income (loss) before equity earnings of affiliates and income taxes $ (1,544 ) $ (1,412 ) Nine Months Ended September 30, 2017 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 66,258 $ 16,778 $ — $ 83,036 Net written premiums $ 54,616 $ 9,185 $ — $ 63,801 Net earned premiums $ 55,443 $ 10,852 $ — $ 66,295 Other income 485 601 117 1,203 Segment revenue 55,928 11,453 117 67,498 Losses and loss adjustment expenses, net 43,819 15,056 — 58,875 Policy acquisition costs 15,180 4,375 — 19,555 Operating expenses 8,231 1,967 3,176 13,374 Segment expenses 67,230 21,398 3,176 91,804 Segment underwriting gain (loss) $ (11,302 ) $ (9,945 ) $ (3,059 ) (24,306 ) Net investment income 2,008 2,008 Net realized investment gains 31 31 Other Gains 750 750 Interest Expense $ (745 ) $ (745 ) Income (loss) before equity earnings of affiliates and income taxes $ (1,015 ) $ (22,262 ) Nine Months Ended September 30, 2016 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 62,725 $ 20,891 $ — $ 83,616 Net written premiums $ 55,767 $ 17,094 $ — $ 72,861 Net earned premiums $ 49,641 $ 15,523 $ — $ 65,164 Other income 263 419 147 829 Segment revenue 49,904 15,942 147 65,993 Losses and loss adjustment expenses, net 27,543 13,279 — 40,822 Policy acquisition costs 13,619 4,663 — 18,282 Operating expenses 5,147 2,214 6,023 13,384 Segment expenses 46,309 20,156 6,023 72,488 Segment underwriting gain (loss) $ 3,595 $ (4,214 ) $ (5,876 ) (6,495 ) Net investment income 1,625 1,625 Net realized investment gains 604 604 Interest expense (468 ) (468 ) Income (loss) before equity earnings of affiliates and income taxes $ (4,115 ) $ (4,734 )

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include accounts, after elimination of intercompany accounts and transactions, of Conifer Holdings, Inc. (the “Company” or “Conifer”), its wholly owned subsidiaries, Conifer Insurance Company ("CIC"), White Pine Insurance Company ("WPIC"), Red Cedar Insurance Company ("RCIC"), and Sycamore Insurance Agency, Inc ("SIA"). CIC, WPIC, and RCIC are collectively referred to as the "Insurance Company Subsidiaries." On a stand-alone basis, Conifer Holdings, Inc. is referred to as the "Parent Company." On December 30, 2016, the Company's wholly owned subsidiary, American Colonial Insurance Company ("ACIC") was merged into WPIC, with WPIC as the surviving entity. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The Company has applied the rules and regulations of the United States Securities and Exchange Commission (“SEC”) regarding interim financial reporting and therefore the consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements. In the opinion of management, all adjustments, consisting of items of a normal recurring nature, necessary for a fair presentation of the consolidated interim financial statements, have been included. The results of operations for the nine months ended September 30, 2017 , are not necessarily indicative of the results expected for the year ended December 31, 2017 . These consolidated financial statements and the notes thereto should be read in conjunction with the Company's audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2016 , as filed with the SEC on March 15, 2017.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. While management believes the amounts included in the consolidated financial statements reflect management's best estimates and assumptions, actual results may differ from these estimates.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments (Topic 825): Recognition and Measurement of Financial Assets and Financial Liabilities . The ASU significantly changes the income statement impact of equity investments and the recognition of changes in fair value of financial liabilities attributable to an entity's own credit risk when the fair value option is elected. The ASU requires equity instruments that are not accounted for under the equity method to be measured at fair value and to recognize any changes in fair value in net income rather than other comprehensive income. ASU No. 2016-01 becomes effective for the Company in 2018 and will be applied using a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. The provisions related to equity investments without a readily determinable fair value will be applied prospectively to equity investments as of the adoption date. Adoption of this ASU is not expected to have a material impact on the Company's financial position, cash flows, or total comprehensive income, but may have a material impact on the Company's results of operations as changes in fair value of equity instruments will be presented in net income rather than other comprehensive income. For the nine months ended September 30, 2017 , other comprehensive income includes $476,000 of net unrealized gains on equity securities, net of taxes. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The ASU requires lessees to record most leases on their balance sheets as a lease liability with a corresponding right-of-use asset, but continue to recognize the related leasing expense within net income. ASU No. 2016-02 becomes effective for the Company in 2019 and will be applied using a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. The Company's future minimum lease payments, which represent minimum annual rental commitments excluding taxes, insurance and other operating costs for noncancelable operating leases, and will be subject to this new guidance, totaled $5.2 million at December 31, 2016. The calculation of the lease liability and right-of-use asset requires further analysis of the underlying leases to determine which portions of the underlying lease payments are required to be included in the calculation, however, the Company does not believe that this standard will have a material impact on the financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), which amends the current methodology and timing for recognizing credit losses, except for debt securities measured at fair value. This amendment will replace the current GAAP "incurred loss" methodology for credit losses with a methodology based on expected credit losses. The new guidance will also require expanded consideration of a broader range of reasonable and increased supportable information for the credit loss estimates. This ASU is effective for annual and interim reporting periods beginning after December 15, 2018. The Company does not believe this standard will have a material impact on the financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) , which clarifies how certain cash receipts and cash payments should be presented and classified in the statement of cash flow under Topic 230, Statement of Cash Flows . This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. This ASU becomes effective for the Company beginning in 2018. Early adoption is permitted. The Company does not believe that this standard will have a material impact to the statement of cash flows.
Fair Value Measurements	Level 1 investments consist of equity securities traded in an active exchange market. The Company uses unadjusted quoted prices for identical instruments to measure fair value. Level 1 also includes money market funds and other interest-bearing deposits at banks, which are reported as short-term investments. The fair value measurements that were based on Level 1 inputs comprise 12.9% of the fair value of the total investment portfolio as of September 30, 2017 . Level 2 investments include fixed maturity securities, which consist of U.S. government agency securities, state and local municipal bonds (including those held as restricted securities), corporate debt securities, mortgage-backed and asset-backed securities. The Company obtains pricing for each security from independent pricing services, investment managers or consultants to assist in determining fair value for its Level 2 investments. The fair value of securities included in the Level 2 category based on the market values obtained from a third party pricing service were evaluated using pricing models that vary by asset class and incorporate available trade, bid and other observable market information. The third party pricing service monitors market indicators, as well as industry and economic events. The fair value measurements that were based on Level 2 inputs comprise 87.1% of the fair value of the total investment portfolio as of September 30, 2017 . To validate that these quoted prices are reasonable estimates of fair value, the Company performs various quantitative and qualitative procedures, such as (i) evaluation of the underlying methodologies, (ii) analysis of recent sales activity, (iii) analytical review of our fair values against current market prices and (iv) comparison of the pricing services’ fair value to other pricing services’ fair value for the same investment. No markets for the investments were determined to be inactive for the periods presented. Based on these procedures, the Company did not adjust the prices or quotes provided from independent pricing services, investment managers or consultants. The Level 2 financial instruments also include our debt. At September 30, 2017 the fair value of borrowings, consisting of fifteen year subordinated notes, approximate its carrying amount. At December 31, 2016 , the fair value of borrowings under the debt, consisting of the revolving credit facility and term loans, approximates its carrying amount because interest is based on a short-term, variable, market-based rate. The Company’s policy on recognizing transfers between hierarchy levels is applied at the end of each reporting period. There were no transfers between Levels 1, 2 and 3 for the nine months ended September 30, 2017 and 2016 , respectively. The Company’s financial instruments include assets and liabilities carried at fair value, as well as assets and liabilities carried at cost or amortized cost but disclosed at fair value in these consolidated financial statements. Fair value is defined as the price that would be received for an asset or paid to transfer a liability in the principally most advantageous market for the asset or liability in an orderly transaction between market participants. In determining fair value, the Company applies the market approach, which uses prices and other relevant data based on market transactions involving identical or comparable assets and liabilities. The inputs to valuation techniques used to measure fair value are prioritized into a three-level hierarchy. The hierarchy gives the highest priority to quoted prices from sources independent of the reporting entity (“observable inputs”) and the lowest priority to prices determined by the reporting entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (“unobservable inputs”). The fair value hierarchy is as follows: Level 1 —Valuations that are based on quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 —Valuations that are based on observable inputs (other than Level 1 prices) such as quoted prices for similar assets or liabilities at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 —Unobservable inputs that are supported by little or no market activity. The unobservable inputs represent the Company’s best assumption of how market participants would price the assets or liabilities.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities	The cost or amortized cost, gross unrealized gain or loss, and estimated fair value of the investments in securities classified as available for sale at September 30, 2017 and December 31, 2016 , were as follows (dollars in thousands): September 30, 2017 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Fixed Maturity Securities: U.S. Government obligations $ 9,252 $ 26 $ (43 ) $ 9,235 State and local government 16,009 246 (53 ) 16,202 Corporate debt 40,219 279 (162 ) 40,336 Commercial mortgage-backed and other asset-backed 56,434 156 (480 ) 56,110 Total fixed maturity securities available for sale 121,914 707 (738 ) 121,883 Equity Securities 9,386 923 (152 ) 10,157 Total securities available for sale $ 131,300 $ 1,630 $ (890 ) $ 132,040 December 31, 2016 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Fixed Maturity Securities: U.S. Government obligations $ 5,908 $ 31 $ (36 ) $ 5,903 State and local government 13,618 106 (205 ) 13,519 Corporate debt 34,105 205 (254 ) 34,056 Commercial mortgage-backed and other asset-backed 60,284 132 (731 ) 59,685 Total fixed maturity securities available for sale 113,915 474 (1,226 ) 113,163 Equity Securities 4,283 366 (70 ) 4,579 Total securities available for sale $ 118,198 $ 840 $ (1,296 ) $ 117,742
Schedule of Unrealized Loss Positions	The following table summarizes the aggregate fair value and gross unrealized losses, by security type, of the available-for-sale securities in unrealized loss positions. The table segregates the holdings based on the length of time that individual securities have been in a continuous unrealized loss position, as follows (dollars in thousands): September 30, 2017 Less than 12 months Greater than 12 months Total No. of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses Fixed Maturity Securities: U.S. Government obligations 10 $ 6,177 $ (37 ) 4 $ 914 $ (6 ) 14 $ 7,091 $ (43 ) State and local government 23 6,108 (35 ) 3 506 (18 ) 26 6,614 (53 ) Corporate debt 13 7,568 (143 ) 5 2,037 (19 ) 18 9,605 (162 ) Commercial mortgage and asset-backed 42 31,653 (424 ) 6 1,656 (56 ) 48 33,309 (480 ) Total fixed maturity securities available for sale 88 51,506 (639 ) 18 5,113 (99 ) 106 56,619 (738 ) Equity Securities: Common stocks 19 1,087 (141 ) 1 33 (11 ) 20 1,120 (152 ) Total equity securities available for sale 19 1,087 (141 ) 1 33 (11 ) 20 1,120 (152 ) Total securities 107 $ 52,593 $ (780 ) 19 $ 5,146 $ (110 ) 126 $ 57,739 $ (890 ) December 31, 2016 Less than 12 months Greater than 12 months Total No. of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Un realized Losses Fixed Maturity Securities: U.S. Government obligations 15 $ 4,539 $ (36 ) — $ — $ — 15 $ 4,539 $ (36 ) State and local government 29 8,217 (202 ) 1 104 (3 ) 30 8,321 (205 ) Corporate debt 22 9,031 (239 ) 7 3,369 (15 ) 29 12,400 (254 ) Commercial mortgage and asset-backed 59 38,048 (722 ) 5 802 (9 ) 64 38,850 (731 ) Total fixed maturity securities available for sale 125 59,835 (1,199 ) 13 4,275 (27 ) 138 64,110 (1,226 ) Equity Securities: Common stock 76 2,472 (61 ) 2 66 (9 ) 78 2,538 (70 ) Total equity securities available for sale 76 2,472 (61 ) 2 66 (9 ) 78 2,538 (70 ) Total securities 201 $ 62,307 $ (1,260 ) 15 $ 4,341 $ (36 ) 216 $ 66,648 $ (1,296 )
Schedule of Investment Income	The Company’s sources of net investment income are as follows (dollars in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Fixed maturity securities $ 733 $ 616 $ 2,030 $ 1,772 Equity securities 44 23 94 75 Cash and short-term investments 64 7 91 13 Total investment income 841 646 2,215 1,860 Investment expenses (73 ) (86 ) (207 ) (235 ) Net investment income $ 768 $ 560 $ 2,008 $ 1,625
Schedule of Gross Realized Gains and Losses on Securities	The following table summarizes the gross realized gains and losses from sales or maturities of available-for-sale fixed maturity and equity securities (dollars in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Fixed maturity securities: Gross realized gains $ 29 $ 7 $ 29 $ 524 Gross realized losses (1 ) — (8 ) (22 ) Total fixed maturity securities 28 7 21 502 Equity securities: Gross realized gains 11 79 40 230 Gross realized losses — (15 ) (30 ) (128 ) Total equity securities 11 64 10 102 Total realized gains (losses) $ 39 $ 71 $ 31 $ 604
Summary of Amortized Cost and Fair Value of Securities	The table below summarizes the amortized cost and fair value of available-for-sale fixed maturity securities by contractual maturity at September 30, 2017 . Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties (dollars in thousands): Amortized Cost Estimated Fair Value Due in one year or less $ 11,122 $ 11,136 Due after one year through five years 34,171 34,327 Due after five years through ten years 11,255 11,392 Due after ten years 8,932 8,918 Securities with contractual maturities 65,480 65,773 Commercial mortgage and asset backed 56,434 56,110 Total Fixed maturity securities $ 121,914 $ 121,883

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value	The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis, classified by the valuation hierarchy as of September 30, 2017 and December 31, 2016 (dollars in thousands): September 30, 2017 Fair Value Measurements Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Fixed Maturity Securities: U.S. Government obligations $ 9,235 $ — $ 9,235 $ — State and local government 16,202 — 16,202 — Corporate debt 40,336 — 40,336 — Commercial mortgage-backed and other asset-backed 56,110 — 56,110 — Total fixed maturity securities 121,883 — 121,883 — Equity Securities 10,157 5,055 5,102 — Short-term investments 13,815 13,815 — — Total assets measured at fair value $ 145,855 $ 18,870 $ 126,985 $ — Liabilities: Debt $ 29,010 $ — $ 29,010 $ — Total Liabilities measured at fair value $ 29,010 $ — $ 29,010 $ — December 31, 2016 Fair Value Measurements Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Fixed Maturity Securities: U.S. Government obligations $ 5,903 $ — $ 5,903 $ — State and local government 13,519 — 13,519 — Corporate debt 34,056 — 34,056 — Commercial mortgage-backed and other asset-backed 59,685 — 59,685 — Total fixed maturity securities 113,163 — 113,163 — Equity Securities 4,579 4,469 110 — Short-term investments 10,788 10,788 — — Total assets measured at fair value $ 128,530 $ 15,257 $ 113,273 $ — Liabilities: Debt $ 17,750 $ — $ 17,750 $ — Total Liabilities measured at fair value $ 17,750 $ — $ 17,750 $ —

Deferred Policy Acquisition C24

Deferred Policy Acquisition Costs (Tables)	9 Months Ended
	Sep. 30, 2017
Deferred Policy Acquisition Costs Disclosures [Abstract]
Summary of Deferred Policy Acquisition Costs	The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): Three Months Ended Nine Months Ended 2017 2016 2017 2016 Balance at beginning of period $ 12,649 $ 13,182 $ 13,290 $ 12,102 Deferred policy acquisition costs 6,759 6,287 19,018 19,383 Amortization of policy acquisition costs (6,655 ) (6,266 ) (19,555 ) (18,282 ) Net change 104 21 (537 ) 1,101 Balance at end of period $ 12,753 $ 13,203 $ 12,753 $ 13,203

Unpaid Losses and Loss Adjust25

Unpaid Losses and Loss Adjustment Expenses (Tables)	9 Months Ended
	Sep. 30, 2017
Insurance Loss Reserves [Abstract]
Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense	The table below provides the changes in the reserves for losses and LAE, net of reinsurance recoverables, for the periods indicated as follows (dollars in thousands): Three Months Ended Nine Months Ended 2017 2016 2017 2016 Gross reserves - beginning of period $ 66,917 $ 41,832 $ 54,651 $ 35,422 Less: reinsurance recoverables on unpaid losses 10,552 5,890 6,658 5,405 Net reserves - beginning of period 56,365 35,942 47,993 30,017 Add: incurred losses and LAE, net of reinsurance: Current period 24,398 11,989 49,449 35,135 Prior period 2,070 2,593 9,426 5,687 Total net incurred losses and LAE 26,468 14,582 58,875 40,822 Deduct: loss and LAE payments, net of reinsurance: Current period 7,194 6,938 14,410 14,730 Prior period 6,411 3,926 23,230 16,449 Total net loss and LAE payments 13,605 10,864 37,640 31,179 Net reserves - end of period 69,228 39,660 69,228 39,660 Plus: reinsurance recoverables on unpaid losses 13,528 6,334 13,528 6,334 Gross reserves - end of period $ 82,756 $ 45,994 $ 82,756 $ 45,994

Reinsurance (Tables)

Reinsurance (Tables)	9 Months Ended
	Sep. 30, 2017
Reinsurance Disclosures [Abstract]
Summary of the Effects of Reinsurance	The following table presents the effects of such reinsurance and assumption transactions on premiums and losses and LAE (dollars in thousands). The 2017 ceded written and earned premium amounts include $600,000 of reinsurance reinstatement costs relating to Hurricane Irma. Three Months Ended Nine Months Ended 2017 2016 2017 2016 Written premiums: Direct $ 20,112 $ 22,340 $ 61,731 $ 66,473 Assumed 9,469 6,157 21,305 17,143 Ceded (11,186 ) (3,863 ) (19,235 ) (10,755 ) Net written premiums $ 18,395 $ 24,634 $ 63,801 $ 72,861 Earned premiums: Direct $ 21,797 $ 23,057 $ 65,817 $ 67,871 Assumed 7,094 4,196 19,676 8,186 Ceded (11,232 ) (3,873 ) (19,198 ) (10,893 ) Net earned premiums $ 17,659 $ 23,380 $ 66,295 $ 65,164 Losses and LAE: Direct $ 27,268 $ 13,616 $ 59,496 $ 41,460 Assumed 5,313 1,750 14,017 4,106 Ceded (6,113 ) (784 ) (14,638 ) (4,744 ) Net Losses and LAE $ 26,468 $ 14,582 $ 58,875 $ 40,822

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of Outstanding Debt	A summary of the outstanding debt is as follows (dollars in thousands): September 30, 2017 December 31, 2016 Subordinated Debt $ 29,010 $ — Revolver — 10,500 Term Note — 1,750 2014 Term Note — 5,500 Total $ 29,010 $ 17,750

Other Comprehensive Income (L28

Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents changes in accumulated other comprehensive income (loss) for unrealized gains and losses on available-for-sale securities (dollars in thousands): Three Months Ended Nine Months Ended 2017 2016 2017 2016 Balance at beginning of period $ (507 ) $ 1,504 $ (1,080 ) $ 182 Other comprehensive income (loss) before reclassifications 260 (86 ) 883 1,065 Less: amounts reclassified from accumulated other comprehensive income (loss) 7 (26 ) 57 (197 ) Net current period other comprehensive income (loss) 253 (60 ) 826 1,262 Balance at end of period $ (254 ) $ 1,444 $ (254 ) $ 1,444

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except per share amounts): Three Months Ended Nine Months Ended 2017 2016 2017 2016 Net income (loss) $ (18,898 ) $ (1,475 ) $ (21,763 ) $ (4,016 ) Weighted average common shares, basic and diluted* 7,675,952 7,608,284 7,647,520 7,613,954 Earnings (loss) per common share, basic and diluted $ (2.46 ) $ (0.19 ) $ (2.85 ) $ (0.53 ) * The 309,000 nonvested shares of the restricted stock units were anti-dilutive as of September 30, 2017 . Therefore, the basic and diluted weighted average common shares are equal for the three and nine months ended September 30, 2017 .

Stock-based Compensation (Table

Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Nonvested Restricted Stock Units Activity	The following summarizes our restricted stock unit "RSU" activity (units in thousands): Number of Units Weighted Average Grant-Date Fair Value Outstanding at December 31, 2015 390 $ 10.48 Units granted 111 8.17 Units vested (75 ) 10.5 Units forfeited — — Outstanding at September 30, 2016 426 $ 9.88 Units granted — — Units vested (2 ) 9.56 Units forfeited (8 ) 9.95 Outstanding at December 31, 2016 416 $ 9.87 Units granted — — Units vested (93 ) 9.97 Units forfeited (14 ) 9.95 Outstanding at September 30, 2017 309 $ 9.84

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following tables present information by reportable operating segment (dollars in thousands): Three Months Ended September 30, 2017 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 23,509 $ 6,072 $ — $ 29,581 Net written premiums $ 16,221 $ 2,174 $ — $ 18,395 Net earned premiums $ 15,658 $ 2,001 $ — $ 17,659 Other income 162 281 34 477 Segment revenue 15,820 2,282 34 18,136 Losses and loss adjustment expenses, net 19,589 6,879 — 26,468 Policy acquisition costs 5,161 1,494 — 6,655 Operating expenses 3,322 808 344 4,474 Segment expenses 28,072 9,181 344 37,597 Segment underwriting gain (loss) $ (12,252 ) $ (6,899 ) $ (310 ) $ (19,461 ) Net investment income 768 768 Net realized investment gains 39 39 Interest expense $ (303 ) $ (303 ) Income (loss) before equity earnings of affiliates and income taxes $ 194 $ (18,957 ) Three Months Ended September 30, 2016 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 20,759 $ 7,738 $ — $ 28,497 Net written premiums $ 18,230 $ 6,404 $ — $ 24,634 Net earned premiums $ 17,878 $ 5,502 $ — $ 23,380 Other income 81 101 121 303 Segment revenue 17,959 5,603 121 23,683 Losses and loss adjustment expenses, net 9,564 5,018 — 14,582 Policy acquisition costs 4,868 1,398 — 6,266 Operating expenses 1,803 779 2,128 4,710 Segment expenses 16,235 7,195 2,128 25,558 Segment underwriting gain (loss) $ 1,724 $ (1,592 ) $ (2,007 ) $ (1,875 ) Net investment income 560 560 Net realized investment gains 71 71 Interest expense (168 ) (168 ) Income (loss) before equity earnings of affiliates and income taxes $ (1,544 ) $ (1,412 ) Nine Months Ended September 30, 2017 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 66,258 $ 16,778 $ — $ 83,036 Net written premiums $ 54,616 $ 9,185 $ — $ 63,801 Net earned premiums $ 55,443 $ 10,852 $ — $ 66,295 Other income 485 601 117 1,203 Segment revenue 55,928 11,453 117 67,498 Losses and loss adjustment expenses, net 43,819 15,056 — 58,875 Policy acquisition costs 15,180 4,375 — 19,555 Operating expenses 8,231 1,967 3,176 13,374 Segment expenses 67,230 21,398 3,176 91,804 Segment underwriting gain (loss) $ (11,302 ) $ (9,945 ) $ (3,059 ) (24,306 ) Net investment income 2,008 2,008 Net realized investment gains 31 31 Other Gains 750 750 Interest Expense $ (745 ) $ (745 ) Income (loss) before equity earnings of affiliates and income taxes $ (1,015 ) $ (22,262 ) Nine Months Ended September 30, 2016 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 62,725 $ 20,891 $ — $ 83,616 Net written premiums $ 55,767 $ 17,094 $ — $ 72,861 Net earned premiums $ 49,641 $ 15,523 $ — $ 65,164 Other income 263 419 147 829 Segment revenue 49,904 15,942 147 65,993 Losses and loss adjustment expenses, net 27,543 13,279 — 40,822 Policy acquisition costs 13,619 4,663 — 18,282 Operating expenses 5,147 2,214 6,023 13,384 Segment expenses 46,309 20,156 6,023 72,488 Segment underwriting gain (loss) $ 3,595 $ (4,214 ) $ (5,876 ) (6,495 ) Net investment income 1,625 1,625 Net realized investment gains 604 604 Interest expense (468 ) (468 ) Income (loss) before equity earnings of affiliates and income taxes $ (4,115 ) $ (4,734 )

Summary of Significant Accoun32

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)state	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)class_businessstate	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Schedule of Available-for-sale Securities [Line Items]
Unrealized investment gains (losses), net of tax	$ 260	$ (86)	$ 883	$ 1,065
Number of business classes | class_business			2
Number of states in which entity operates | state	50		50
Ownership percentage	50.00%		50.00%
Future minimum operating lease obligations					$ 5,200
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Unrealized investment gains (losses), net of tax			$ 476

Investments - Available-for-sal

Investments - Available-for-sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fixed Maturity Securities:
Fixed maturity securities, amortized cost	$ 121,914	$ 113,915
Fixed maturity securities, gross unrealized gain	707	474
Fixed maturity securities, gross unrealized loss	(738)	(1,226)
Fixed maturity securities, estimated fair value	121,883	113,163
Equity Securities
Equity securities, amortized cost	9,386	4,283
Equity securities, gross unrealized gain	923	366
Equity securities, gross unrealized loss	(152)	(70)
Equity securities, estimated fair value	10,157	4,579
Securities, cost or amortized cost	131,300	118,198
Securities, gross unrealized gain	1,630	840
Securities, gross unrealized loss	(890)	(1,296)
Securities, estimated fair value	132,040	117,742
U.S. Government obligations
Fixed Maturity Securities:
Fixed maturity securities, amortized cost	9,252	5,908
Fixed maturity securities, gross unrealized gain	26	31
Fixed maturity securities, gross unrealized loss	(43)	(36)
Fixed maturity securities, estimated fair value	9,235	5,903
State and local government
Fixed Maturity Securities:
Fixed maturity securities, amortized cost	16,009	13,618
Fixed maturity securities, gross unrealized gain	246	106
Fixed maturity securities, gross unrealized loss	(53)	(205)
Fixed maturity securities, estimated fair value	16,202	13,519
Corporate debt
Fixed Maturity Securities:
Fixed maturity securities, amortized cost	40,219	34,105
Fixed maturity securities, gross unrealized gain	279	205
Fixed maturity securities, gross unrealized loss	(162)	(254)
Fixed maturity securities, estimated fair value	40,336	34,056
Commercial mortgage-backed and other asset-backed
Fixed Maturity Securities:
Fixed maturity securities, amortized cost	56,434	60,284
Fixed maturity securities, gross unrealized gain	156	132
Fixed maturity securities, gross unrealized loss	(480)	(731)
Fixed maturity securities, estimated fair value	$ 56,110	$ 59,685

Investments - Available-for-s34

Investments - Available-for-sale Securities in Unrealized Loss Positions (Details) $ in Thousands	Sep. 30, 2017USD ($)security	Dec. 31, 2016USD ($)security
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	107	201
Greater than 12 months, number of issues | security	19	15
Total Number of Issues | security	126	216
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 52,593	$ 62,307
Greater than 12 months, fair value	5,146	4,341
Total Fair Value	57,739	66,648
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(780)	(1,260)
Greater than 12 months, unrealized losses	(110)	(36)
Total Unrealized losses	$ (890)	$ (1,296)
Total fixed maturity securities available for sale
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	88	125
Greater than 12 months, number of issues | security	18	13
Total Number of Issues | security	106	138
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 51,506	$ 59,835
Greater than 12 months, fair value	5,113	4,275
Total Fair Value	56,619	64,110
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(639)	(1,199)
Greater than 12 months, unrealized losses	(99)	(27)
Total Unrealized losses	$ (738)	$ (1,226)
U.S. Government obligations
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	10	15
Greater than 12 months, number of issues | security	4	0
Total Number of Issues | security	14	15
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 6,177	$ 4,539
Greater than 12 months, fair value	914	0
Total Fair Value	7,091	4,539
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(37)	(36)
Greater than 12 months, unrealized losses	(6)	0
Total Unrealized losses	$ (43)	$ (36)
State and local government
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	23	29
Greater than 12 months, number of issues | security	3	1
Total Number of Issues | security	26	30
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 6,108	$ 8,217
Greater than 12 months, fair value	506	104
Total Fair Value	6,614	8,321
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(35)	(202)
Greater than 12 months, unrealized losses	(18)	(3)
Total Unrealized losses	$ (53)	$ (205)
Corporate debt
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	13	22
Greater than 12 months, number of issues | security	5	7
Total Number of Issues | security	18	29
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 7,568	$ 9,031
Greater than 12 months, fair value	2,037	3,369
Total Fair Value	9,605	12,400
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(143)	(239)
Greater than 12 months, unrealized losses	(19)	(15)
Total Unrealized losses	$ (162)	$ (254)
Commercial mortgage-backed and other asset-backed
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	42	59
Greater than 12 months, number of issues | security	6	5
Total Number of Issues | security	48	64
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 31,653	$ 38,048
Greater than 12 months, fair value	1,656	802
Total Fair Value	33,309	38,850
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(424)	(722)
Greater than 12 months, unrealized losses	(56)	(9)
Total Unrealized losses	$ (480)	$ (731)
Total equity securities available for sale
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	19	76
Greater than 12 months, number of issues | security	1	2
Total Number of Issues | security	20	78
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 1,087	$ 2,472
Greater than 12 months, fair value	33	66
Total Fair Value	1,120	2,538
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(141)	(61)
Greater than 12 months, unrealized losses	(11)	(9)
Total Unrealized losses	$ (152)	$ (70)
Common stocks
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	19	76
Greater than 12 months, number of issues | security	1	2
Total Number of Issues | security	20	78
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 1,087	$ 2,472
Greater than 12 months, fair value	33	66
Total Fair Value	1,120	2,538
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(141)	(61)
Greater than 12 months, unrealized losses	(11)	(9)
Total Unrealized losses	$ (152)	$ (70)

Investments - Net Investment In

Investments - Net Investment Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net Investment Income [Line Items]
Investment income	$ 841	$ 646	$ 2,215	$ 1,860
Investment expenses	(73)	(86)	(207)	(235)
Net investment income	768	560	2,008	1,625
Fixed maturity securities
Net Investment Income [Line Items]
Investment income	733	616	2,030	1,772
Equity securities
Net Investment Income [Line Items]
Investment income	44	23	94	75
Cash and short-term investments
Net Investment Income [Line Items]
Investment income	$ 64	$ 7	$ 91	$ 13

Investments - Gross Realized Ga

Investments - Gross Realized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Schedule of Available-for-sale Securities [Line Items]
Net realized investment gains	$ 39	$ 71	$ 31	$ 604
Fixed maturity securities
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	29	7	29	524
Gross realized losses	(1)	0	(8)	(22)
Net realized investment gains	28	7	21	502
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	11	79	40	230
Gross realized losses	0	(15)	(30)	(128)
Net realized investment gains	$ 11	$ 64	$ 10	$ 102

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of available for sale securities	$ 19.5	$ 40.9
Deposits held in trust accounts	8.2		$ 9.6
Deposits, held in trust for collateral requirements	$ 12.8		$ 10.3

Investments - Available-for-s38

Investments - Available-for-sale Fixed Maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Amortized Cost
Due in one year or less, amortized cost	$ 11,122
Due after one year through five years, amortized cost	34,171
Due after five years through ten years, amortized cost	11,255
Due after ten years, amortized cost	8,932
Securities with contractual maturities, amortized cost	65,480
Commercial mortgage and asset-backed, amortized cost	56,434
Fixed maturity securities, amortized cost	121,914	$ 113,915
Estimated Fair Value
Due in one year or less, fair value	11,136
Due after one year through five years, fair value	34,327
Due after five years through ten years, fair value	11,392
Due after ten years, fair value	8,918
Securities with contractual maturities, fair value	65,773
Commercial mortgage and asset-backed, fair value	56,110
Fixed maturity securities	$ 121,883	$ 113,163

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets:
Fixed maturity securities	$ 121,883	$ 113,163
Equity Securities	10,157	4,579
Short-term investments	13,815	10,788
Total assets measured at fair value	145,855	128,530
Liabilities:
Total Liabilities measured at fair value	29,010	17,750
Debt
Liabilities:
Debt	29,010	17,750
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Short-term investments	13,815	10,788
Total assets measured at fair value	18,870	15,257
Liabilities:
Total Liabilities measured at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Debt
Liabilities:
Debt	0	0
Significant Other Observable Inputs (Level 2)
Assets:
Short-term investments	0	0
Total assets measured at fair value	126,985	113,273
Liabilities:
Total Liabilities measured at fair value	29,010	17,750
Significant Other Observable Inputs (Level 2) | Debt
Liabilities:
Debt	29,010	17,750
Significant Unobservable Inputs (Level 3)
Assets:
Short-term investments	0	0
Total assets measured at fair value		0
Liabilities:
Total Liabilities measured at fair value	0	0
Significant Unobservable Inputs (Level 3) | Debt
Liabilities:
Debt	0	0
U.S. Government obligations
Assets:
Fixed maturity securities	9,235	5,903
U.S. Government obligations | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Fixed maturity securities	0	0
U.S. Government obligations | Significant Other Observable Inputs (Level 2)
Assets:
Fixed maturity securities	9,235	5,903
U.S. Government obligations | Significant Unobservable Inputs (Level 3)
Assets:
Fixed maturity securities	0	0
State and local government
Assets:
Fixed maturity securities	16,202	13,519
State and local government | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Fixed maturity securities	0	0
State and local government | Significant Other Observable Inputs (Level 2)
Assets:
Fixed maturity securities	16,202	13,519
State and local government | Significant Unobservable Inputs (Level 3)
Assets:
Fixed maturity securities	0	0
Corporate debt
Assets:
Fixed maturity securities	40,336	34,056
Corporate debt | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Fixed maturity securities	0	0
Corporate debt | Significant Other Observable Inputs (Level 2)
Assets:
Fixed maturity securities	40,336	34,056
Corporate debt | Significant Unobservable Inputs (Level 3)
Assets:
Fixed maturity securities	0	0
Commercial mortgage-backed and other asset-backed
Assets:
Fixed maturity securities	56,110	59,685
Commercial mortgage-backed and other asset-backed | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Fixed maturity securities	0	0
Commercial mortgage-backed and other asset-backed | Significant Other Observable Inputs (Level 2)
Assets:
Fixed maturity securities	56,110	59,685
Commercial mortgage-backed and other asset-backed | Significant Unobservable Inputs (Level 3)
Assets:
Fixed maturity securities		0
Fixed maturity securities
Assets:
Fixed maturity securities	121,883	113,163
Fixed maturity securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Fixed maturity securities	0	0
Fixed maturity securities | Significant Other Observable Inputs (Level 2)
Assets:
Fixed maturity securities	121,883	113,163
Fixed maturity securities | Significant Unobservable Inputs (Level 3)
Assets:
Fixed maturity securities		0
Common stocks
Assets:
Equity Securities	10,157	4,579
Common stocks | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Equity Securities	5,055	4,469
Common stocks | Significant Other Observable Inputs (Level 2)
Assets:
Equity Securities	5,102	110
Common stocks | Significant Unobservable Inputs (Level 3)
Assets:
Equity Securities	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	Sep. 30, 2017
Level 1
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment portfolio percentage	12.90%
Level 2
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment portfolio percentage	87.10%

Deferred Policy Acquisition C41

Deferred Policy Acquisition Costs - Activity in Deferred Policy Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance at beginning of period	$ 12,649	$ 13,182	$ 13,290	$ 12,102
Deferred policy acquisition costs	6,759	6,287	19,018	19,383
Amortization of policy acquisition costs	(6,655)	(6,266)	(19,555)	(18,282)
Net change	104	21	(537)	1,101
Balance at end of period	$ 12,753	$ 13,203	$ 12,753	$ 13,203

Unpaid Losses and Loss Adjust42

Unpaid Losses and Loss Adjustment Expenses - Changes in the Liability for Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Gross reserves - beginning of period	$ 66,917	$ 41,832	$ 54,651	$ 35,422
Less: reinsurance recoverables on unpaid losses	10,552	5,890	6,658	5,405
Net reserves - beginning of period	69,228	39,660	69,228	39,660	$ 56,365	$ 47,993	$ 35,942	$ 30,017
Add: incurred losses and LAE, net of reinsurance:
Current period	24,398	11,989	49,449	35,135
Prior period	2,070	2,593	9,426	5,687
Total net incurred losses and LAE	26,468	14,582	58,875	40,822
Deduct: loss and LAE payments, net of reinsurance:
Current period	7,194	6,938	14,410	14,730
Prior period	6,411	3,926	23,230	16,449
Total net loss and LAE payments	13,605	10,864	37,640	31,179
Net reserves - end of period	69,228	39,660	69,228	39,660
Plus: reinsurance recoverables on unpaid losses	13,528	6,334	13,528	6,334
Gross reserves - end of period	$ 82,756	$ 45,994	$ 82,756	$ 45,994

Unpaid Losses and Loss Adjust43

Unpaid Losses and Loss Adjustment Expenses - Narrative (Details) - USD ($)	Sep. 28, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Liability for Claims and Claims Adjustment Expense [Line Items]
Unpaid losses and loss adjustment expenses		$ 82,756,000	$ 45,994,000	$ 82,756,000	$ 45,994,000	$ 66,917,000	$ 54,651,000	$ 41,832,000	$ 35,422,000
Prior-year adverse (favorable) reserve development		2,070,000	2,593,000	9,426,000	5,687,000
Offset amount by favorable development		446,000		277,000
Net catastrophe losses		26,468,000	14,582,000	58,875,000	40,822,000
Liability line of business
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior-year adverse (favorable) reserve development		865,000		4,200,000
Florida homeowners line
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior-year adverse (favorable) reserve development		697,000	759,000	2,400,000	2,200,000
Commercial property line
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior-year adverse (favorable) reserve development		350,000		2,200,000
Personal automobile line
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior-year adverse (favorable) reserve development		604,000	$ 584,000	$ 932,000	$ 2,100,000
Adverse development cover reinsurance agreement (ADC)
Liability for Claims and Claims Adjustment Expense [Line Items]
ADC loss development cover, maximum amount	$ 17,500,000
Reinsurance retention policy, co-participation (percentage)	10.00%
Hurricane
Liability for Claims and Claims Adjustment Expense [Line Items]
Net catastrophe losses		$ 5,000,000
Minimum | Adverse development cover reinsurance agreement (ADC)
Liability for Claims and Claims Adjustment Expense [Line Items]
Reinsurance retention policy carried reserves threshold	$ 1,400,000
Unpaid losses and loss adjustment expenses						36,600,000
Maximum | Adverse development cover reinsurance agreement (ADC)
Liability for Claims and Claims Adjustment Expense [Line Items]
Reinsurance retention policy carried reserves threshold	$ 19,500,000
Unpaid losses and loss adjustment expenses						$ 57,500,000

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Effects of Reinsurance [Line Items]
Consideration payment	$ 7,200,000
Contingent recovery, percentage	35.00%
Reinsurance reinstatement cost	$ 600,000
Maximum
Effects of Reinsurance [Line Items]
Amount retained (excess of)		$ 500,000

Reinsurance - Effects of Reinsu

Reinsurance - Effects of Reinsurance and Assumption Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Written premiums:
Direct	$ 20,112	$ 22,340	$ 61,731	$ 66,473
Assumed	9,469	6,157	21,305	17,143
Ceded	(11,186)	(3,863)	(19,235)	(10,755)
Net written premiums	18,395	24,634	63,801	72,861
Earned premiums:
Direct	21,797	23,057	65,817	67,871
Assumed	7,094	4,196	19,676	8,186
Ceded	(11,232)	(3,873)	(19,198)	(10,893)
Net earned premiums	17,659	23,380	66,295	65,164
Losses and LAE:
Direct	27,268	13,616	59,496	41,460
Assumed	5,313	1,750	14,017	4,106
Ceded	(6,113)	(784)	(14,638)	(4,744)
Total net incurred losses and LAE	$ 26,468	$ 14,582	$ 58,875	$ 40,822

Debt - Narrative (Details)

Debt - Narrative (Details)	9 Months Ended
	Sep. 30, 2017USD ($)debt_instrument	Sep. 29, 2017USD ($)	Sep. 30, 2014USD ($)	Oct. 31, 2013USD ($)
Debt Instrument [Line Items]
Debt issuance costs	$ (990,000)
Revolver
Debt Instrument [Line Items]
Repayments of lines of credit	$ 11,000,000
Secured debt
Debt Instrument [Line Items]
Number of debt instruments | debt_instrument	3
Secured debt | Revolver
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 17,500,000
Private placement, subordinated note | Subordinated debt
Debt Instrument [Line Items]
Face amount of debt instrument		$ 30,000,000
Bearing fixed annual interest rate (percentage)	105.00%	8.00%
Term Note
Debt Instrument [Line Items]
Repayments of secured of debt	$ 5,400,000
Term Note | Secured debt
Debt Instrument [Line Items]
Face amount of debt instrument				$ 5,000,000
2014 Term Note | Secured debt
Debt Instrument [Line Items]
Face amount of debt instrument			$ 7,500,000
Fifth Anniversary | Swap rate | Private placement, subordinated note | Subordinated debt
Debt Instrument [Line Items]
Derivative, basis spread on variable rate	1250.00%
10th Anniversary | Swap rate | Private placement, subordinated note | Subordinated debt
Debt Instrument [Line Items]
Derivative, basis spread on variable rate	1500.00%

Debt - Outstanding Debt (Detail

Debt - Outstanding Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Debt	$ 29,010	$ 17,750
Revolver
Debt Instrument [Line Items]
Debt	0	10,500
Term Note
Debt Instrument [Line Items]
Debt	0	1,750
2014 Term Note
Debt Instrument [Line Items]
Debt	0	5,500
Subordinated debt
Debt Instrument [Line Items]
Debt	$ 29,010	$ 0

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($)	Feb. 25, 2016	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016
Equity, Class of Treasury Stock [Line Items]
Common equity issued		$ 5,000,000
Common stocks
Equity, Class of Treasury Stock [Line Items]
Stock repurchased and retired during period, shares			0	88,650
Stock repurchased and retired during period, value				$ 625,000
Stock Repurchase Program, February 2016
Equity, Class of Treasury Stock [Line Items]
Authorized amount of stock repurchase program	$ 2,100,000
Stock repurchase program, period	1 year
Private placement
Equity, Class of Treasury Stock [Line Items]
Common equity issued (in shares)		800,000
Offering price per share (in dollars per share)		$ 6.25	$ 6.25
Receivable from issuance of stock		$ 625,000	$ 625,000

Other Comprehensive Income (L49

Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period		$ 74,504		$ 67,794	$ 77,262
Other comprehensive income (loss) before reclassifications	$ 260		$ (86)	883	1,065
Less: amounts reclassified from accumulated other comprehensive income (loss)	7		(26)	57	(197)
Other comprehensive income (loss)	253	(2,524)	(60)	826	1,262
Balance at end of period	52,494	67,794	74,504	52,494	74,504
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(507)	1,444	1,504	(1,080)	182
Other comprehensive income (loss)		(2,524)		826	1,262
Balance at end of period	$ (254)	$ (1,080)	$ 1,444	$ (254)	$ 1,444

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Net income (loss)	$ (18,898)	$ (1,475)	$ (21,763)	$ (4,016)
Weighted average common shares outstanding, basic and diluted (in shares)	7,675,952	7,608,284	7,647,520	7,613,954
Earnings (loss) per per common share, basic and diluted (in dollars per share)	$ (2.46)	$ (0.19)	$ (2.85)	$ (0.53)
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)			309,000

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - 2015 Omnibus Incentive Plan - Restricted Stock Units (RSUs) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in period	0	111,000	0		111,281	390,352
Stock granted, value					$ 909	$ 4,100
Share-based compensation expense			$ 650	$ 621
Share-based compensation expense not yet recognized			$ 3,000

Stock-based Compensation - RSU

Stock-based Compensation - RSU Activity (Details) - 2015 Omnibus Incentive Plan - Restricted Stock Units (RSUs) - $ / shares	3 Months Ended		9 Months Ended	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Number of Units
Beginning period, outstanding (in shares)	426,000		416,000	390,000
Units granted (in shares)	0	111,000	0	111,281	390,352
Units vested (in shares)	(2,000)	(75,000)	(93,000)
Units forfeited (in shares)	(8,000)	0	(14,000)
Ending period, outstanding (in shares)	416,000	426,000	309,000	416,000	390,000
Weighted Average Grant-Date Fair Value
Beginning period, outstanding (in dollars per share)	$ 9.88		$ 9.87	$ 10.48
Units granted (in dollars per share)	0	$ 8.17	0
Units vested (in dollars per share)	9.56	10.50	9.97
Units forfeited (in dollars per share)	9.95	0	9.95
Ending period, outstanding (in dollars per share)	$ 9.87	$ 9.88	$ 9.84	$ 9.87	$ 10.48

Segment Information - Narrative

Segment Information - Narrative (Details) - class_business	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information [Line Items]
Number of business classes	2
Gross Written Premiums | Geographic Concentration Risk | Florida, Michigan, Pennsylvania and Texas
Segment Reporting Information [Line Items]
Concentration risk	60.00%	58.00%

Segment Information - Informati

Segment Information - Information by Reportable Operating Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information [Line Items]
Gross written premiums	$ 29,581	$ 28,497	$ 83,036	$ 83,616
Net written premiums	18,395	24,634	63,801	72,861
Net earned premiums	17,659	23,380	66,295	65,164
Other income	477	303	1,203	829
Segment revenue	18,136	23,683	67,498	65,993
Losses and loss adjustment expenses, net	26,468	14,582	58,875	40,822
Policy acquisition costs	6,655	6,266	19,555	18,282
Operating expenses	4,474	4,710	13,374	13,384
Segment expenses	37,597	25,558	91,804	72,488
Segment underwriting gain (loss)	(19,461)	(1,875)	(24,306)	(6,495)
Net investment income	768	560	2,008	1,625
Net realized investment gains	39	71	31	604
Other gains	0	0	750	0
Interest expense	(303)	(168)	(745)	(468)
Income (loss) before equity earnings of affiliates and income taxes	(18,957)	(1,412)	(22,262)	(4,734)
Operating Segments | Commercial Lines
Segment Reporting Information [Line Items]
Gross written premiums	23,509	20,759	66,258	62,725
Net written premiums	16,221	18,230	54,616	55,767
Net earned premiums	15,658	17,878	55,443	49,641
Other income	162	81	485	263
Segment revenue	15,820	17,959	55,928	49,904
Losses and loss adjustment expenses, net	19,589	9,564	43,819	27,543
Policy acquisition costs	5,161	4,868	15,180	13,619
Operating expenses	3,322	1,803	8,231	5,147
Segment expenses	28,072	16,235	67,230	46,309
Segment underwriting gain (loss)	(12,252)	1,724	(11,302)	3,595
Operating Segments | Personal Lines
Segment Reporting Information [Line Items]
Gross written premiums	6,072	7,738	16,778	20,891
Net written premiums	2,174	6,404	9,185	17,094
Net earned premiums	2,001	5,502	10,852	15,523
Other income	281	101	601	419
Segment revenue	2,282	5,603	11,453	15,942
Losses and loss adjustment expenses, net	6,879	5,018	15,056	13,279
Policy acquisition costs	1,494	1,398	4,375	4,663
Operating expenses	808	779	1,967	2,214
Segment expenses	9,181	7,195	21,398	20,156
Segment underwriting gain (loss)	(6,899)	(1,592)	(9,945)	(4,214)
Corporate & Other
Segment Reporting Information [Line Items]
Gross written premiums	0	0	0	0
Net written premiums	0	0	0	0
Net earned premiums	0	0	0	0
Other income	34	121	117	147
Segment revenue	34	121	117	147
Losses and loss adjustment expenses, net	0	0	0	0
Policy acquisition costs	0	0	0	0
Operating expenses	344	2,128	3,176	6,023
Segment expenses	344	2,128	3,176	6,023
Segment underwriting gain (loss)	(310)	(2,007)	(3,059)	(5,876)
Net investment income	768	560	2,008	1,625
Net realized investment gains	39	71	31	604
Other gains			750
Interest expense	(303)	(168)	(745)	(468)
Income (loss) before equity earnings of affiliates and income taxes	$ 194	$ (1,544)	$ (1,015)	$ (4,115)