Conifer (CNFR) 10-K 15 Mar 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 15, 2018	Jun. 30, 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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		8,520,328
Entity Public Float			$ 28,125,167
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Assets
Debt securities, at fair value (amortized cost of $137,004 and $113,915, respectively)	$ 136,536	$ 113,163
Equity securities, at fair value (cost of $8,629 and $4,283, respectively)	9,687	4,579
Short-term investments, at fair value	11,427	10,788
Total investments	157,650	128,530
Cash	11,868	12,493
Premiums and agents' balances receivable, net	22,845	24,538
Receivable from Affiliate	1,195	1,751
Reinsurance recoverables on unpaid losses	20,066	6,658
Reinsurance recoverables on paid losses	4,473	840
Prepaid reinsurance premiums	1,081	4,120
Deferred policy acquisition costs	12,781	13,290
Other assets	7,073	11,481
Total assets	239,032	203,701
Liabilities:
Unpaid losses and loss adjustment expenses	87,896	54,651
Unearned premiums	57,672	58,126
Reinsurance premiums payable	3,299	0
Debt	29,027	17,750
Accounts payable and accrued expenses	8,312	5,380
Total liabilities	186,206	135,907
Commitment and contingencies
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 8,520,328 and 7,633,070 issued and outstanding, respectively)	86,199	80,342
Accumulated deficit	(33,010)	(11,468)
Accumulated other comprehensive income (loss)	(363)	(1,080)
Total shareholders' equity	52,826	67,794
Total liabilities and shareholders' equity	$ 239,032	$ 203,701

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Fixed maturity securities, amortized cost	$ 137,004	$ 113,915
Equity securities, amortized cost	$ 8,629	$ 4,283
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	8,520,328	7,633,070
Common stock, shares outstanding (in shares)	8,520,328	7,633,070

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenue
Gross earned premiums	$ 114,737	$ 104,713	$ 89,216
Ceded earned premiums	(23,008)	(15,086)	(22,451)
Net earned premiums	91,729	89,627	66,765
Net investment income	2,728	2,173	1,902
Net realized investment gains	70	1,365	285
Other gains (losses)	750	(400)	104
Other income	1,560	1,118	1,667
Total revenue	96,837	93,883	70,723
Expenses
Losses and loss adjustment expenses, net	73,917	59,003	38,882
Policy acquisition costs	26,245	25,280	16,183
Operating expenses	17,367	17,596	14,806
Interest expense	1,362	647	769
Total expenses	118,891	102,526	70,640
Income (loss) before income taxes	(22,054)	(8,643)	83
Income tax expense (benefit)	(447)	(77)	48
Equity earnings (losses) in affiliates, net of tax	65	129	(52)
Net income (loss)	(21,542)	(8,437)	(17)
Less net loss attributable to noncontrolling interest		0	(81)
Net income (loss) attributable to Conifer	(21,542)	(8,437)	64
Net income (loss) allocable to common shareholders	$ (21,542)	$ (8,437)	$ (476)
Earnings (loss) per common share, basic and diluted (in dollars per share)	$ (2.74)	$ (1.11)	$ (0.09)
Weighted average common shares outstanding, basic and diluted (in shares)	7,867,344	7,618,588	5,369,960

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (21,542)	$ (8,437)	$ (17)
Unrealized investment gains (losses):
Unrealized investment gains (losses) during the period	1,151	(2,139)	(274)
Income tax expense (benefit)	356	0	0
Unrealized investment gains (losses), net of tax	795	(2,139)	(274)
Less: reclassification adjustments to:
Net realized investment gains included in net income (loss)	78	(877)	702
Income tax expense	0	0	0
Total reclassifications included in net income (loss), net of tax	78	(877)	702
Other comprehensive income (loss)	717	(1,262)	(976)
Total comprehensive income (loss)	(20,825)	(9,699)	(993)
Less comprehensive income (loss) attributable to noncontrolling interest	0	0	(81)
Comprehensive income (loss) attributable to Conifer	$ (20,825)	$ (9,699)	$ (912)

Consolidated Statement of Chang

Consolidated Statement of Changes in Redeemable Preferred Stock and Shareholders' Equity - USD ($) $ in Thousands		Total	Preferred Stock	Common Stock	Retained Earnings (Accumulated deficit)	Accumulated Other Comprehensive Income (Loss)	Total Conifer Holdings Shareholders' Equity	Noncontrolling Interest	Former Preferred Stockholders	Former Preferred StockholdersCommon Stock	Former Preferred StockholdersTotal Conifer Holdings Shareholders' Equity	Pre IPO	[1]	Pre IPOCommon Stock	[1]	Pre IPOTotal Conifer Holdings Shareholders' Equity	[1]	IPO	[1]	IPOCommon Stock	[1]	IPOTotal Conifer Holdings Shareholders' Equity	[1]	Private Placement	Private PlacementCommon Stock	Private PlacementTotal Conifer Holdings Shareholders' Equity	Redeemable Preferred Stock
Redeemable preferred stock, beginning balance (in shares) at Dec. 31, 2014																											60,600
Redeemable preferred stock, beginning balance at Dec. 31, 2014																											$ 6,119
Increase (Decrease) in Temporary Equity [Roll Forward]
Reclassification of redeemable preferred stock to permanent equity (in shares)			(60,600)																								(60,600)
Reclassification of redeemable preferred stock to permanent equity		$ 6,180	$ 6,180				$ 6,180																				$ (6,180)
Redeemable preferred stock, ending balance (in shares) at Dec. 31, 2015																											0
Redeemable preferred stock, ending balance at Dec. 31, 2015																											$ 0
Balance (in shares) at Dec. 31, 2014			0	3,995,013
Balance at beginning of period at Dec. 31, 2014		44,159	$ 0	$ 46,119	$ (3,095)	$ 1,158	44,182	$ (23)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(17)			64		64	(81)
Issuance of stock (in shares)										294,450				55,029						3,300,000
Issuance of stock									$ 3,092	$ 3,092	$ 3,092	$ 750		$ 750		$ 750		$ 32,224		$ 32,224		$ 32,224
Paid-in-kind dividends		(61)	$ 95	(156)			(61)																				$ 61
Cash dividends paid on preferred stock		(384)		(384)			(384)
Reclassification of redeemable preferred stock to permanent equity (in shares)			60,600																								60,600
Reclassification of redeemable preferred stock to permanent equity		6,180	$ 6,180				6,180																				$ (6,180)
IPO expenses	[1]	(1,837)		(1,837)			(1,837)
Repurchase of preferred stock (in shares)			(60,600)
Repurchase of preferred stock		(6,275)	$ (6,275)				(6,275)
RSU expense	[2]	303		$ 303			303
Deconsolidation of affiliate		104						104
Other comprehensive income (loss)		(976)				(976)	(976)
Balance (in shares) at Dec. 31, 2015			0	7,644,492
Balance at end of period at Dec. 31, 2015		77,262	$ 0	$ 80,111	(3,031)	182	77,262	0
Redeemable preferred stock, ending balance (in shares) at Dec. 31, 2016																											0
Redeemable preferred stock, ending balance at Dec. 31, 2016																											$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(8,437)					(8,437)
Cash dividends paid on preferred stock		0
Repurchase of preferred stock (in shares)				(88,650)
Repurchase of preferred stock		(625)		$ (625)			(625)
RSU expense (in shares)	[2]			77,228
RSU expense	[2]	856		$ 856			856
Deconsolidation of affiliate		(400)
Other comprehensive income (loss)		(1,262)				(1,262)	(1,262)
Balance (in shares) at Dec. 31, 2016			0	7,633,070
Balance at end of period at Dec. 31, 2016		67,794	$ 0	$ 80,342	(11,468)	(1,080)	67,794	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(21,542)			(21,542)		(21,542)	0
Issuance of stock (in shares)	[1]																								800,000
Issuance of stock	[1]																							$ 5,000	$ 5,000	$ 5,000
Cash dividends paid on preferred stock		0
IPO expenses	[1]	(38)		$ (38)			(38)
Deconsolidation of affiliate		750
RSU expense, net (in shares)	[2]			87,258
RSU expense, net	[2]	895		$ 895			895
Other comprehensive income (loss)		717				717	717
Balance (in shares) at Dec. 31, 2017				8,520,328
Balance at end of period at Dec. 31, 2017		$ 52,826		$ 86,199	$ (33,010)	$ (363)	$ 52,826	$ 0
[1]	"IPO" - initial public offering
[2]	"RSU" - restricted stock units

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Cash Flows from Operating Activities
Net income (loss)	$ (21,542)	$ (8,437)	$ (17)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	372	401	398
Amortization of bond premium and discount, net	532	589	629
Net realized investment gains	(70)	(1,365)	(285)
Other (gains) losses	0	400	(104)
Restricted stock unit expenses	895	856	303
Other	(484)	(277)	(53)
Changes in operating assets and liabilities:
Premiums, agents' balances and other receivables	2,249	(6,487)	(3,765)
Reinsurance recoverables	(17,041)	(454)	(1,905)
Prepaid reinsurance premiums	3,039	(637)	6,027
Deferred policy acquisition costs	509	(1,188)	(6,423)
Other assets	4,239	(7,139)	(904)
Unpaid losses and loss adjustment expenses	33,245	19,229	3,891
Unearned premiums	(454)	10,210	4,535
Reinsurance premiums payable	3,299	(1,069)	(6,000)
Accounts payable and other liabilities	302	1,534	537
Net cash provided by (used in) operating activities	9,090	6,166	(3,136)
Cash Flows From Investing Activities
Purchases of investments	(218,492)	(166,965)	(118,620)
Proceeds from maturities and redemptions of investments	25,213	13,730	1,400
Proceeds from sales of investments	167,338	142,679	103,416
Purchases of property and equipment	(13)	(195)	(167)
Deconsolidation of affiliate	0	0	(1,323)
Net cash used in investing activities	(25,954)	(10,751)	(15,294)
Cash Flows From Financing Activities
Proceeds received from issuance of shares of common stock	5,000	0	36,066
Repurchase of common stock	0	(625)	0
Repurchase of preferred stock	0	0	(6,275)
Borrowings under debt arrangements	32,000	7,000	4,400
Repayment of borrowings under debt arrangements	(19,750)	(2,000)	(19,212)
Dividends paid to preferred shareholders	0	0	(384)
Payout of contingent consideration	0	0	(113)
Stock and debt issuance costs	(1,011)	0	(1,837)
Net cash provided by financing activities	16,239	4,375	12,645
Net increase (decrease) in cash	(625)	(210)	(5,785)
Cash at beginning of period	12,493	12,703	18,488
Cash at end of period	11,868	12,493	12,703
Supplemental Disclosure of Cash Flow Information:
Interest paid	876	641	844
Net income taxes paid	0	0	0
Paid-in-kind dividends	0	0	61
Payable for securities - non cash item	$ 2,691	$ 486	$ 20

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Management Representation 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"), Red Cedar Insurance Company ("RCIC"), White Pine Insurance Company ("WPIC"), 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. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), which differ from statutory accounting practices prescribed or permitted for insurance companies by regulatory authorities. Business The Company is engaged in the sale of property and casualty insurance products and has organized its principal operations into two types of insurance businesses: commercial lines and personal lines. The Company underwrites a variety of specialty insurance products, including property, general liability, commercial multi-peril, liquor liability, automobile, and homeowners and dwelling policies. The Company markets and sells its insurance products through a network of independent agents, including managing general agents, whereby policies are written in all 50 states in the United States (“U.S.”). The Company’s corporate headquarters are located in Birmingham, Michigan with additional office facilities in Florida, Pennsylvania, and Tennessee. The Company discontinued offering nonstandard personal automobile policies in the first half of 2015. The Company will continue to pay claims and perform other administrative services until existing policies expire and all claims are paid (a process referred to as “run-off”). The run-off was substantially complete at the end of 2016. Initial Public Offering In August 2015, the Company completed its initial public offering (“IPO”) whereby it issued and sold 3,300,000 shares of common stock, which included 100,000 shares issued and sold to the Company’s Chief Executive Officer, at a public offering price of $10.50 per share. Refer to Note 10 ~ Shareholders’ Equity for further details. Summary of Significant Accounting Policies Affiliate Prior to September 30, 2015, the consolidated financial statements included a 50% -owned affiliate, Venture Holdings, Inc. (the “Affiliate”) which the Company controlled due to its majority representation on the entity’s board of directors. Consolidated net income or loss was allocated to the Company and noncontrolling interest in proportion to their percentage ownership interests. As of September 30, 2015, the Company no longer controlled the Affiliate but retained significant influence. As a result the entity was deconsolidated from the consolidated financial statements and recognized as an investment in an affiliate utilizing the equity method of accounting. 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. Cash and Short-term Investments Cash consists of cash deposits in banks, generally in operating accounts. Short-term investments, consisting of money-market funds, are classified as investments in the consolidated balance sheets as they relate principally to the Company’s investment activities. The Company maintains its cash deposits in major banks and invests short-term funds in institutional money-market funds and short-term financial instruments. These securities typically mature within three months or less. Investment Securities Investment securities, consisting of debt and equity securities, are classified as available for sale and reported at fair value. The Company determines the fair value using the market approach, which uses quoted prices or other relevant data based on market transactions involving identical or comparable assets. The Company purchases the available-for-sale debt securities with the expectation that they will be held to maturity, but the Company may sell them if market conditions or credit‑related risk warrant earlier sales. The Company does not have any securities classified as held-to-maturity or trading. The change in unrealized gain and loss on the investment securities is recorded as a component of accumulated other comprehensive income (loss), net of the related deferred tax effect, until realized. The debt securities portfolio includes mortgage-backed and asset-backed securities. The Company recognizes income from these securities using a constant effective yield based on anticipated prepayments and the estimated economic life of the securities. When actual prepayments differ significantly from anticipated prepayments, the estimated economic life is recalculated and the remaining unamortized premium or discount is amortized prospectively over the remaining economic life. Premiums and discounts on mortgage-backed and asset-backed securities are amortized or accreted over the life of the related available‑for‑sale security as an adjustment to yield using the effective interest method. Such amortization and accretion is included in interest income in the consolidated statements of operations. Dividend and interest income are recognized when earned. Realized gains and losses from the sale of available-for-sale securities are determined on a specific-identification basis and included in earnings on the trade date. Other-than-Temporary Impairments The Company reviews its impaired securities for possible other-than-temporary impairment ("OTTI") at each quarter-end. A security has an impairment loss when its fair value is less than its cost or amortized cost at the balance sheet date. The Company considers the following factors in performing its review: (i) the amount by which the security’s fair value is less than its cost, (ii) length of time the security has been impaired, (iii) whether management has the intent to sell the security, (iv) if it is more likely than not that management will be required to sell the security before recovery of its amortized cost basis, (v) whether the impairment is due to an issuer‑specific event, credit issues or change in market interest rates, (vi) the security’s credit rating and any recent downgrades or (vii) stress testing of expected cash flows under different scenarios. If the Company determines that a security has experienced an OTTI, the impairment is recognized as a realized investment loss in the consolidated statements of operations. For each impaired security, the Company determines if: (i) it does not intend to sell the security and (ii) it will more likely than not be required to sell the security before recovery of its amortized cost basis. If the Company cannot assert these conditions, an OTTI loss is recorded through the consolidated statements of operations in the current period. For all other impaired securities, except equity securities, the Company will assess whether the net present value of the cash flows expected to be collected from the security is less than its amortized cost basis. Such a shortfall in cash flows is referred to as a “credit loss.” For any such security, the Company separates the impairment loss into: (i) the credit loss and (ii) the non-credit loss, which is the amount related to all other factors such as interest rate changes, fluctuations in exchange rates and market conditions. The credit loss charge is recorded to the current period statements of operations and the non-credit loss is recorded to accumulated other comprehensive income (loss), within shareholders’ equity, on an after-tax basis. A security’s cost basis is permanently reduced by the amount of a credit loss. Income is accreted over the remaining life of a debt security based on the interest rate necessary to discount the expected future cash flows to the new basis. If the security is non-income producing, any cash proceeds is applied as a reduction of principal when received. For equity securities, if the impairment is deemed an OTTI, the loss is recognized in the statements of operations. Recognition of Premium Revenues All of the property and casualty policies written by our insurance companies are considered short-duration contracts. These policies are earned on a daily pro-rata basis, net of reinsurance, over the term of the policy, which are six or twelve months in duration. The portion of premiums written that relate to the unexpired terms of policies in force are deferred and reported as unearned premium at the balance sheet date. Premiums on reinsured business are accounted for on a basis consistent with that used in accounting for the original policies issued and terms of the reinsurance contracts. Reinsurance Reinsurance premiums, commissions, losses and loss adjustment expenses ("LAE") on reinsured business are accounted for on a basis consistent with that used in accounting for the original policies issued and the terms of the reinsurance contracts. The amounts reported as reinsurance recoverables include amounts billed to reinsurers on losses and LAE paid as well as estimates of amounts expected to be recovered from reinsurers on insurance liabilities that have not yet been paid. Reinsurance recoverables on unpaid losses and LAE are estimated based upon assumptions consistent with those used in establishing those gross liabilities as they are applied to the underlying reinsured contracts. The Company records an allowance for uncollectible reinsurance recoverables based on an assessment of the reinsurer’s creditworthiness and collectability of the recorded amounts. Management believes an allowance for uncollectible recoverable from its reinsurers was not necessary for the periods presented. The Company receives ceding commissions in connection with certain ceded reinsurance. The ceding commissions are recorded as a reduction of operating expenses. In 2017, the Company entered into an adverse development cover reinsurance agreement (the "ADC"). The ADC is a retroactive reinsurance contract. If the cumulative claim and allocated claim adjustment expenses ceded under the ADC exceed the consideration paid, the resulting gain from such excess is deferred and amortized into earnings in future periods in proportion to actual recoveries under the ADC. In any period in which there is a gain position and a revised estimate of claim and allocated claim adjustment expenses, a portion of the deferred gain is cumulatively recognized in earnings as if the revised estimate was available at the inception date of the ADC. Deferred Policy Acquisition Costs Costs incurred which are incremental and directly related to the successful acquisition of new or renewal insurance business is deferred. These deferred costs consist of commissions paid to agents, premium taxes, and underwriting costs, including compensation and payroll related benefits. Proceeds from reinsurance transactions that represent recovery of acquisition costs reduce applicable unamortized acquisition costs in such a manner that net acquisition costs are capitalized and charged to expense. Amortization of such policy acquisition costs is charged to expense in proportion to premium earned over the estimated policy term. To the extent that unearned premiums on existing policies are not adequate to cover the sum of expected losses and LAE, unamortized acquisition costs and policy maintenance costs, unamortized deferred policy acquisition costs are charged to expense to the extent required to eliminate the premium deficiency. If the premium deficiency is greater than the unamortized policy acquisition costs, a liability is recorded for any such deficiency. The Company considers anticipated investment income in determining whether a premium deficiency exists. Management performs this evaluation at each insurance product line level. Unpaid Losses and Loss Adjustment Expenses The liability for unpaid losses and LAE in the consolidated balance sheets represents the Company’s estimate of the amount it expects to pay for the ultimate cost of all losses and LAE incurred that remain unpaid at the balance sheet date. The liability is recorded on an undiscounted basis, except for the liability for unpaid losses and LAE assumed related to acquired companies which are initially recorded at fair value. The process of estimating the liability for unpaid losses and LAE is a complex process that requires a high degree of judgment. The liability for unpaid losses and LAE represent the accumulation of individual case estimates for reported losses and LAE, and actuarially determined estimates for incurred but not reported losses and LAE. The liability for unpaid losses and LAE is intended to include the ultimate net cost of all losses and LAE incurred but unpaid as of the balance sheet date. The liability is stated net of anticipated deductibles, salvage and subrogation, and gross of reinsurance ceded. The estimate of the unpaid losses and LAE liability is continually reviewed and updated. Although management believes the liability for losses and LAE is reasonable, the ultimate liability may be more or less than the current estimate. The estimation of ultimate liability for unpaid losses and LAE is a complex, imprecise and inherently uncertain process, and therefore involves a considerable degree of judgment and expertise. The Company utilizes various actuarially‑accepted reserving methodologies in deriving the continuum of expected outcomes and ultimately determining its estimated liability amount. These methodologies utilize various inputs, including but not limited to written and earned premiums, paid and reported losses and LAE, expected initial loss and LAE ratio, which is the ratio of incurred losses and LAE to earned premiums, and expected claim reporting and payout patterns (including company-specific and industry data). The liability for unpaid loss and LAE does not represent an exact measurement of liability, but is an estimate that is not directly or precisely quantifiable, particularly on a prospective basis, and is subject to a significant degree of variability over time. In addition, the establishment of the liability for unpaid losses and LAE makes no provision for the broadening of coverage by legislative action or judicial interpretation or for the extraordinary future emergence of new types of losses not sufficiently represented in the Company’s historical experience or which cannot yet be quantified. As a result, an integral component of estimating the liability for unpaid losses and LAE is the use of informed subjective estimates and judgments about the ultimate exposure to unpaid losses and LAE. The effects of changes in the estimated liability are included in the results of operations in the period in which the estimates are revised. The Company allocates the applicable portion of the unpaid losses and LAE to amounts recoverable from reinsurers under reinsurance contracts and reports those amounts separately as assets on the consolidated balance sheets. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are recognized to the extent that there is sufficient positive evidence, as allowed under the Accounting Standard Codification ("ASC") 740, Income Taxes, to support the recoverability of those deferred tax assets. The Company establishes a valuation allowance to the extent that there is insufficient evidence to support the recoverability of the deferred tax asset under ASC 740. In making such a determination, management considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax‑planning strategies, and results of recent operations. If it is determined that the deferred tax assets would be realizable in the future in excess of their net recorded amount, an adjustment would be made to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. As of December 31, 2017 and 2016, the Company did not have any unrecognized tax benefits and had no accrued interest or penalties related to uncertain tax positions. Other Income Other income consists primarily of fees charged to policyholders by the Company for services outside of the premium charge, such as installment billings or policy issuance costs. Commission income is also received by the Company’s insurance agencies for writing policies for third party insurance companies. The Company recognizes commission income on the later of the effective date of the policy, the date when the premium can be reasonably established, or the date when substantially all services related to the insurance placement have been rendered. Operating Expenses Operating expenses consist primarily of other underwriting, compensation and benefits, information technology, facility and other administrative expenses. Recently Issued Accounting Guidance In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . The amendments in this update modify the requirements related to the measurement of certain financial instruments in the statement of financial condition and results of operation. For equity investments (other than investments accounted for using the equity method), entities must measure such instruments at fair value with changes in fair value recognized in net income. Reporting entities may continue to elect to measure equity investments which do not have a readily determinable fair value at cost with adjustments for impairment and observable changes in price. In addition, for a liability (other than a derivative liability) that an entity measures at fair value, any change in fair value related to the instrument-specific credit risk, that is the entity’s own-credit, should be presented separately in other comprehensive income and not as a component of net income. The amendments are effective for the Company on January 1, 2018, with early adoption permitted solely for the instrument-specific credit risk for liabilities measured at fair value. The amendments must be applied on a modified retrospective basis with a cumulative effect adjustment as of the beginning of the fiscal year of initial adoption. For the year ended December 31, 2017, other comprehensive income includes $1.1 million of net unrealized gains on equity securities. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which addresses the financial reporting of leasing transactions. This update will require the recognition of a right-of-use asset and a corresponding lease liability, discounted to the present value, for all leases that extend beyond 12 months. For operating leases, the asset and liability will be expensed over the lease term on a straight-line basis, with all cash flows included in the operating section of the consolidated statement of cash flows. For finance leases, interest on the lease liability will be recognized separately from the amortization of the right-of-use asset in the consolidated statement of operations and the repayment of the principal portion of the lease liability will be classified as a financing activity while the interest component will be included in the operating section of the consolidated statement of cash flows. This ASU is effective for annual and interim reporting periods beginning after December 15, 2018. Early adoption is permitted. Management is currently evaluating the impact of the guidance. 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. 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, 2019. Early adoption is permitted for years beginning after December 15, 2018. Management is currently evaluating the impact of the guidance. 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 flows 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 is effective for annual and interim reporting periods beginning after December 15, 2017. Early adoption is permitted. This guidance is not expected to have a material impact on our consolidated statement of cash flows. In February 2018, the FASB issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220), Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“ASU 2018-02”) , which provides guidance on adjusting the impact of “stranded tax effects” in accumulated other comprehensive income (“AOCI”) due to the U.S. federal government enacting H.R.1, “An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018” (the “Act”) on December 22, 2017 (see Note 8). Prior to ASU 2018-02, the tax effect of unrealized gains and losses were valued at 34% and included in AOCI. When the Act was signed into law on December 22, 2017, it required companies to re-value the tax effect of all unrealized gains and losses using the new federal statutory rate of 21% with the resulting change recorded in the current income tax provision thus creating a “stranded tax effect.” ASU 2018-02 allows companies to early adopt the standard for year ends prior to December 15, 2018, but is not required. The standard would allow companies to make a one-time reclassification from AOCI to retained earnings for the stranded tax effects previously noted and requires certain other disclosures. The Company has not elected to early adopt this standard as of December 31, 2017. This guidance is not expected to have a material impact on our consolidated balance sheets.

Investments

Investments	12 Months Ended
	Dec. 31, 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 December 31, 2017 and 2016 were as follows (dollars in thousands): December 31, 2017 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Debt securities: U.S. Government $ 17,179 $ 10 $ (99 ) $ 17,090 State and local government 17,302 255 (54 ) 17,503 Corporate debt 38,947 170 (209 ) 38,908 Asset-backed securities 23,539 36 (35 ) 23,540 Mortgage-backed securities 33,942 38 (522 ) 33,458 Commercial mortgage-backed securities 3,532 3 (44 ) 3,491 Collateralized mortgage obligations 2,563 19 (36 ) 2,546 Total debt securities available for sale 137,004 531 (999 ) 136,536 Equity securities: 8,629 1,240 (182 ) 9,687 Total securities available for sale $ 145,633 $ 1,771 $ (1,181 ) $ 146,223 December 31, 2016 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Debt securities: U.S. Government $ 5,908 $ 31 $ (36 ) $ 5,903 State and local government 13,618 106 (205 ) 13,519 Corporate debt 34,105 205 (254 ) 34,056 Asset-backed securities 19,094 20 (13 ) 19,101 Mortgage-backed securities 33,423 64 (630 ) 32,857 Commercial mortgage-backed securities 4,760 14 (63 ) 4,711 Collateralized mortgage obligations 3,007 34 (25 ) 3,016 Total debt 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): December 31, 2017 Less than 12 months Greater than 12 months Total No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses Debt securities: U.S. Government 12 $ 11,555 $ (64 ) 7 $ 2,207 $ (35 ) 19 $ 13,762 $ (99 ) State and local government 10 3,511 (20 ) 7 1,424 (34 ) 17 4,935 (54 ) Corporate debt 38 15,236 (46 ) 10 6,555 (163 ) 48 21,791 (209 ) Asset-backed securities 20 13,948 (29 ) 3 915 (6 ) 23 14,863 (35 ) Mortgage-backed securities 6 4,935 (19 ) 26 24,939 (503 ) 32 29,874 (522 ) Commercial mortgage-backed securities 3 2,026 (12 ) 2 722 (32 ) 5 2,748 (44 ) Collateralized mortgage obligations 8 1,870 (36 ) — — — 8 1,870 (36 ) Total debt securities available for sale 97 53,081 (226 ) 55 36,762 (773 ) 152 89,843 (999 ) Equity securities: Common stock 13 436 (75 ) 4 266 (107 ) 17 702 (182 ) Total equity securities available for sale 13 436 (75 ) 4 266 (107 ) 17 702 (182 ) Total securities 110 $ 53,517 $ (301 ) 59 $ 37,028 $ (880 ) 169 $ 90,545 $ (1,181 ) December 31, 2016 Less than 12 months Greater than 12 months Total No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses Debt securities: U.S. Government 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 ) Asset-backed securities 10 4,612 (13 ) 2 118 — 12 4,730 (13 ) Mortgage-backed securities 41 30,330 (630 ) — — — 41 30,330 (630 ) Commercial mortgage-backed securities 5 1,432 (54 ) 3 684 (9 ) 8 2,116 (63 ) Collateralized mortgage obligations 3 1,674 (25 ) — — — 3 1,674 (25 ) Total debt 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 OTTI review procedures and determined the Company did not need to record a credit-related OTTI loss, nor recognize a non credit-related OTTI loss in other comprehensive income for the years ended December 31, 2017 and 2016 . The Company’s sources of net investment income are as follows (dollars in thousands): December 31, 2017 2016 2015 Debt securities $ 2,757 $ 2,370 $ 2,110 Equity securities 124 98 92 Cash and short-term investments 122 21 5 Total investment income 3,003 2,489 2,207 Investment expenses (275 ) (316 ) (305 ) Net investment income $ 2,728 $ 2,173 $ 1,902 The following table summarizes the gross realized gains and losses from sales or maturities of available-for-sale debt securities and equity securities, as follows (dollars in thousands): December 31, 2017 2016 2015 Debt securities: Gross realized gains $ 32 $ 587 $ 92 Gross realized losses (8 ) (24 ) (6 ) Total debt securities 24 563 86 Equity securities: Gross realized gains 76 1,198 290 Gross realized losses (30 ) (396 ) (91 ) Total equity securities 46 802 199 Total net investment realized gains $ 70 $ 1,365 $ 285 Proceeds from the sales of debt and equity securities available for sale, maturities and other redemptions (primarily the return of capital) were $10.9 million , $44.3 million and $10.6 million for the year s ended December 31, 2017 , 2016 and 2015 , respectively. The table below summarizes the amortized cost and fair value of available-for-sale debt securities by contractual maturity at December 31, 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 $ 10,015 $ 10,016 Due after one year through five years 41,111 41,027 Due after five years through ten years 12,293 12,396 Due after ten years 10,009 10,062 Securities with contractual maturities 73,428 73,501 Commercial mortgage and asset backed 63,576 63,035 Total debt securities $ 137,004 $ 136,536 At December 31, 2017 and 2016 , the Insurance Companies 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 December 31, 2017 and 2016 , the Company had $18.4 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. Investment in Affiliate The Company recognizes its 50% -ownership interest in the Affiliate under the equity method of accounting. The investment balance is included in Other assets in the consolidated balance sheets and activity is included in consolidated statement of operations as Equity earnings (losses) in affiliates, net of tax. A summary of key balances of the Affiliate are presented below (dollars in thousands): December 31, 2017 2016 2015 Total assets $ 1,344 $ 3,516 $ 4,633 Total liabilities 1,310 3,612 4,944 Total shareholder's equity $ 34 $ (96 ) $ (311 ) For the year ended December 31, Total Revenue $ (275 ) $ (316 ) $ (305 ) Net Income 2,728 2,173 1,902

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 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 principal 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, classified by the valuation hierarchy as of December 31, 2017 and 2016 (dollars in thousands): December 31, 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: Debt Securities: U.S. Government $ 17,090 $ — $ 17,090 $ — State and local government 17,503 — 17,503 — Corporate debt 38,908 — 38,908 — Asset-backed securities 23,540 — 23,540 — Mortgage-backed securities 33,458 — 33,458 — Commercial mortgage-backed securities 3,491 — 3,491 — Collateralized mortgage obligations 2,546 — 2,546 — Total debt securities 136,536 — 136,536 — Equity Securities 5,627 5,381 246 — Short-term investments 11,427 8,429 2,998 — Total investments measured at fair value $ 153,590 $ 13,810 $ 139,780 $ — Investments measured at NAV: Investment in limited partnership $ 4,060 Total investments measured at NAV $ 4,060 Total assets measured at fair value $ 157,650 Liabilities: Debt* $ 29,888 $ — $ — $ 29,888 Total Liabilities measured at fair value $ 29,888 $ — $ — $ 29,888 * Carried at cost or amortized cost on the consolidated balance sheet 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: Debt Securities: U.S. Government $ 5,903 $ — $ 5,903 $ — State and local government 13,519 — 13,519 — Corporate debt 34,056 — 34,056 — Asset-backed securities 19,101 — 19,101 — Mortgage-backed securities 32,857 — 32,857 — Commercial mortgage-backed securities 4,711 — 4,711 — Collateralized mortgage-backed securities 3,016 — 3,016 — Total debt 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: Senior debt* $ 17,750 $ — $ 17,750 $ — Total Liabilities measured at fair value $ 17,750 $ — $ 17,750 $ — * Carried at cost or amortized cost on the consolidated balance sheet 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 8.8% of the fair value of the total investment portfolio as of December 31, 2017 . Level 2 investments include debt 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 fair value of securities included in the Level 2 category were based on the market values obtained from a third party pricing service that 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 88.7% of the fair value of the total investment portfolio as of December 31, 2017 . 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. 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 at period-ends. Based on these procedures, the Company did not adjust the prices or quotes provided from independent pricing services, investment managers or consultants. As of December 31, 2017 , Level 3 is entirely comprised of the Company's subordinated debt. In determining the fair value of the subordinated debt outstanding at December 31, 2017, the security attributes (issue date, maturity, coupon, calls, etc.) and market rates on September 29, 2017 (the date of issuance) were fed into a valuation model. A lognormal trinomial interest rate lattice was created within the model to compute the option adjusted spread (“OAS”) which is the amount, in basis points, of interest rate required to be paid under the debt agreement over the risk-free U.S. Treasury rates. The OAS was then fed back into the model along with the December 31, 2017, U.S. Treasury rates. A new lattice was generated and the fair value was computed from the OAS. There were no changes in assumptions of credit risk from the issuance date. 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 years ended December 31, 2017 and 2016 , respectively.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	12 Months Ended
	Dec. 31, 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 years December 31, 2017 , 2016 and 2015 . The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): December 31, 2017 2016 2015 Balance at beginning of period $ 13,290 $ 12,102 $ 5,679 Deferred policy acquisition costs 25,736 26,468 22,606 Amortization of policy acquisition costs (26,245 ) (25,280 ) (16,183 ) Net change (509 ) 1,188 6,423 Balance at end of period $ 12,781 $ 13,290 $ 12,102

Unpaid Losses and Loss Adjustme

Unpaid Losses and Loss Adjustment Expenses	12 Months Ended
	Dec. 31, 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 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 prior year 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 recoverables from reinsurers, for the periods indicated as follows (dollars in thousands): 2017 2016 2015 Gross reserves - beginning of period $ 54,651 $ 35,422 $ 31,531 Less: reinsurance recoverables on unpaid losses 6,658 5,405 3,224 Net reserves - beginning of period 47,993 30,017 28,307 Add: incurred losses and loss adjustment expenses, net of reinsurance Current period 64,458 48,782 37,422 Prior period 9,459 10,221 1,460 Total net incurred losses and loss adjustment expenses 73,917 59,003 38,882 Deduct: loss and loss adjustment expense payments, net of reinsurance Current period 24,547 20,828 20,635 Prior period 29,533 20,199 16,537 Total net loss and loss adjustment expense payments 54,080 41,027 37,172 Net reserves - end of period 67,830 47,993 30,017 Plus: reinsurance recoverables on unpaid losses 20,066 6,658 5,405 Gross reserves - end of period $ 87,896 $ 54,651 $ 35,422 There was $9.5 million , $10.2 million and $1.5 million of adverse development on prior accident year reserves in 2017, 2016 and 2015, respectively. There were no significant changes in the key methods utilized in the analysis and calculations of the Company’s reserves during 2017, 2016 or 2015. On September 28, 2017, the Company entered into an adverse development cover reinsurance agreement to cover loss development of up to $17.5 million in excess of stated reserves as of June 30, 2017, 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 . The company retains a 10% co-participation for any development in excess of the retention. In 2017, $7.19 million of adverse development was ceded to the ADC, which leaves $10.3 million of coverage in the event of additional adverse development. Due to the benefits of the ADC, the Company reported only $33,000 of adverse development in the fourth quarter of 2017, as it ceded $2.1 million of adverse development under the ADC. Discussion of adverse development, below, is net of amounts ceded to the ADC. The $9.5 million of adverse development in 2017 consisted of $7.18 million from commercial lines and $2.3 million from personal lines and was mostly related to the 2016 and 2015 accident years. Substantially all of this development occurred in the first three quarters of 2017 and primarily consisted of $5.1 million from the commercial liability business, $1.6 million from commercial property, $1.7 million from Florida homeowners and $0.5 million from commercial auto business. Incurred losses during 2017 also included $5.4 million in net catastrophe losses in the current accident year related to Hurricane Harvey in Texas and Hurricane Irma in Florida. Approximately 34% of the losses were generated in Commercial Lines and 66% in Personal lines. Losses from Hurricane Irma were in excess of the Company’s $4.0 million retention on its catastrophe reinsurance treaty which resulted in $5.2 million of losses being ceded to the treaty as of December 31, 2017. This also resulted in a $806,000 charge for catastrophe reinstatement premiums which was recorded as ceded premiums in 2017. In 2016, prior year net ultimate loss and LAE estimates increased $10.2 million . The $10.2 million increase reflects adverse development of $4.1 million in the commercial lines liability products, $2.7 million in the commercial automobile line, $2.7 million in the wind-exposed homeowners' line and $0.8 million in the run-off personal automobile line. In 2015, prior year net ultimate loss and LAE estimates increased $1.5 million . The $1.5 million increase reflects adverse development of $1.2 million in the run-off personal automobile line, $835,000 in the commercial automobile line and $121,000 in the wind-exposed homeowners' line. These were partially offset by favorable development in all of the other lines totaling $660,000 . Loss Development Tables The following tables represent cumulative incurred loss and allocated loss adjustment expenses ("ALAE"), net of reinsurance, by accident year and cumulative paid loss and allocated loss adjustment expenses, net of reinsurance, by accident year, for the years ended December 31, 2009 to 2017, as well as total IBNR and the cumulative number of reported claims for the year ended December 31, 2017, by reportable segment and accident year (dollars in thousands). Commercial Lines Incurred loss and allocated loss adjustment expenses, net of reinsurance Total IBNR Cumulative number of reported claims Accident Year For the years ended December 31, 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2017 2017 2009 $11,400 $12,066 $10,312 $8,943 $8,232 $8,403 $8,359 $8,414 $8,442 $0 877 2010 7,346 8,568 7,255 6,357 6,170 6,074 6,207 6,292 — 771 2011 6,753 5,758 5,326 5,049 4,932 4,903 4,935 — 590 2012 7,745 6,421 6,288 6,384 6,253 6,190 40 560 2013 10,018 9,435 9,893 10,237 11,252 181 600 2014 19,709 19,907 22,711 26,367 754 1,740 2015 22,442 26,633 31,861 2,083 2,327 2016 32,396 34,935 6,078 3,462 2017 44,251 20,897 5,276 Total $174,525 Cumulative paid loss and allocated loss adjustment expenses, net of reinsurance Accident Year For the years ended December 31, 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2009 $4,436 $5,942 $6,410 $7,233 $7,800 $7,867 $7,933 $8,321 $8,441 2010 3,066 4,488 5,219 5,910 6,040 6,065 6,166 6,258 2011 2,645 3,534 3,964 4,449 4,641 4,744 4,872 2012 2,325 3,703 4,696 5,558 5,994 6,065 2013 3,979 6,211 7,643 8,622 10,147 2014 8,715 13,977 17,458 22,446 2015 10,470 17,817 22,549 2016 10,255 19,135 2017 12,448 Total 112,361 Unpaid losses and ALAE - years 2009 through 2017 62,164 Unpaid losses and ALAE - prior to 2009 (1)* 148 Unpaid ADC (6,065 ) Unpaid losses and ALAE, net of reinsurance $56,247 * Presented as unaudited required supplementary information. (1) The Company's formation was in 2009, however, as a result of the acquisition of WPIC in 2010, incurred losses prior to the 2009 accident year remain outstanding. Personal Lines Incurred loss and allocated loss adjustment expenses, net of reinsurance Total IBNR Cumulative number of reported claims Accident Year For the years ended December 31, 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2017 2017 2009 $667 $639 $634 $634 $634 $634 $634 $634 $634 $0 65 2010 320 188 184 184 184 184 184 184 — 77 2011 1,678 1,758 1,981 2,031 2,030 2,045 2,027 1 717 2012 9,960 11,690 11,740 12,159 12,390 12,365 17 3,328 2013 18,034 17,996 18,925 19,138 19,167 43 5,138 2014 17,951 17,471 17,735 17,880 49 3,660 2015 10,877 13,445 14,721 71 2,120 2016 11,619 13,418 202 1,806 2017 14,058 3,190 2,450 Total $94,454 Cumulative paid loss and allocated loss adjustment expenses, net of reinsurance Accident Year For the years ended December 31, 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2009 $537 $634 $634 $634 $634 $634 $634 $634 $634 2010 151 174 184 184 184 184 184 184 2011 787 1,292 1,633 1,859 1,983 2,021 2,024 2012 5,665 9,251 10,844 11,777 12,202 12,306 2013 9,955 15,883 18,052 18,600 19,014 2014 12,819 16,515 17,260 17,746 2015 7,771 11,873 13,844 2016 7,119 11,238 2017 8,320 Total 85,310 Unpaid losses and ALAE - years 2009 through 2017 9,144 Unpaid losses and ALAE - prior to 2009 (1)* — Unpaid ADC (1,132 ) Unpaid losses and ALAE, net of reinsurance $8,012 * Presented as unaudited required supplementary information. Total Lines Incurred loss and allocated loss adjustment expenses, net of reinsurance Total IBNR Cumulative number of reported claims Accident Year For the years ended December 31, 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2017 2017 2009 $12,066 $12,705 $10,946 $9,577 $8,866 $9,037 $8,993 $9,048 $9,076 $0 942 2010 7,666 8,756 7,439 6,541 6,354 6,258 6,391 6,476 — 848 2011 8,431 7,517 7,307 7,081 6,963 6,949 6,964 1 1,307 2012 17,705 18,111 18,028 18,544 18,642 18,554 57 3,888 2013 28,052 27,431 28,817 29,375 30,419 224 5,738 2014 37,660 37,378 40,446 44,247 803 5,400 2015 33,319 40,078 46,581 2,154 4,447 2016 44,015 48,353 6,280 5,268 2017 58,309 24,087 7,726 Total $268,979 Cumulative paid loss and allocated loss adjustment expenses, net of reinsurance Accident Year For the years ended December 31, 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2009 $4,973 $6,576 $7,043 $7,867 $8,434 $8,501 $8,567 $8,955 $9,075 2010 3,217 4,662 5,403 6,094 6,223 6,248 6,350 6,442 2011 3,432 4,826 5,597 6,308 6,624 6,766 6,897 2012 7,990 12,954 15,540 17,335 18,195 18,369 2013 13,934 22,094 25,695 27,223 29,162 2014 21,534 30,492 34,718 40,192 2015 18,241 29,690 36,393 2016 17,374 30,373 2017 20,768 Total 197,671 Unpaid losses and ALAE - years 2009 through 2017 71,308 Unpaid losses and ALAE - prior to 2009 (1)* 148 Unpaid ADC (7,197 ) Unpaid losses and ALAE, net of reinsurance $64,259 * Presented as unaudited required supplementary information. The following table reconciles the claim development information to the consolidated balance sheet for the year ended December 31, 2017 , by reportable segment (dollars in thousands). December 31, 2017 Net outstanding liabilities for unpaid claims and ALAE Commercial Lines $ 56,247 Personal Lines 8,012 Liabilities for unpaid claims and ALAE, net of reinsurance 64,259 Reinsurance recoverable on unpaid claims Commercial Lines 17,265 Personal Lines 2,801 Total reinsurance recoverable on unpaid claims 20,066 ULAE Expense 3,571 Total gross liability for unpaid claims and LAE $ 87,896 Loss Duration Disclosure (unaudited) The following table represents the average annual percentage payout of incurred losses by age, net of reinsurance, for each reportable segment. Average annual percentage payout of incurred losses by age, net of reinsurance Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10+ Commercial Lines 34.6 % 21.7 % 18.0 % 12.3 % 6.4 % 3.4 % 1.9 % 1.0 % 0.6 % 0.1 % Personal Lines 60.8 % 19.3 % 10.8 % 4.9 % 2.6 % 1.5 % 0.1 % — % — % — % Total Lines 37.9 % 21.4 % 17.1 % 11.4 % 6.0 % 3.1 % 1.7 % 0.8 % 0.5 % 0.1 %

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2017
Reinsurance Disclosures [Abstract]
Reinsurance	Reinsurance In the normal course of business, the Company participates in reinsurance agreements in order to limit losses that may arise from catastrophes or other individually severe events. The Company primarily ceded all specific risks in excess of $500,000 in 2017 , 2016 , and 2015. A "treaty" is a reinsurance agreement in which coverage is provided for a class of risks and does not require policy by policy underwriting of the reinsurer. "Facultative" reinsurance is where a reinsurer negotiates an individual reinsurance agreement for every policy it will reinsure on a policy by policy basis. Reinsurance does not discharge the Company, as 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's current reinsurance structure includes the following primary categories: Casualty Clash • The Company is party to a workers' compensation and casualty clash reinsurance treaty with limits up to $18.0 million in excess of a $2.0 million retention. Clash coverage is a type of reinsurance that provides additional coverage in the event that one casualty loss event results in two or more claims and recovery under the reinsurance treaties may otherwise be limited due to the amount, type or number of claims. Clash reinsurance further protects the balance sheet as it reduces the potential maximum loss on either a single risk or a large number of risks. Facultative • The Company has a facultative agreement with a large reinsurer for property risks with total insured values above the other reinsurance treaty limits. Property • Effective November 1, 2014, the Company entered into an excess of loss reinsurance treaty for personal property coverage with limits up to $2.7 million in excess of $300,000 , for homeowners' and dwelling fire business. This treaty remained in effect through 2017. • Effective July 1, 2015, the Company entered into an excess of loss treaty for commercial property values from $2.0 million to $4.0 million , to replace much of the facultative reinsurance cover. This treaty remained in effect throughout 2017. • At December 31, 2017, the Company is covered for property catastrophe losses up to $106.0 million in excess of a $4.0 million retention for the first event. The treaty renews June 1, 2018. Multiple Line • Effective January 1, 2015, the Company entered into an excess of loss multi-line treaty that covers commercial property and casualty losses up to $1.5 million in excess of a $500,000 retention. This treaty remained in effect through 2017. Quota Share • The Company has commercial umbrella treaties for commercial lines business in the form of a 90% quota share. A quota share agreement is an agreement between an insurer and a reinsurer whereby the reinsurer pays an agreed-upon percentage of all losses the insurer sustains. In turn, the insurer compensates the reinsurer for this agreement in the form of a percentage of the premiums for the applicable lines covered and reinsurance period. • Effective December 31, 2014, the Company entered into a 25% quota share arrangement with a reinsurer for coverage net of the other reinsurance arrangements and within the Company's retention of $500,000 for commercial lines and $300,000 for personal homeowners lines. The Company terminated the agreement on August 1, 2015. The purpose of the quota share arrangement was to reduce the capital requirements necessary to support premium growth initiatives. The IPO provided sufficient capital to support growth initiatives, and the quota share was no longer deemed necessary. Adverse Development Cover • Effective September 28, 2017, the Company entered into an ADC to cover loss development of up to $17.5 million in excess of stated reserves as of June 30, 2017. The consideration for the ADC entered into in the third quarter was $7.2 million , which resulted in a one-time charge to ceded premiums fully earned in the third quarter. 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). As of December 31, 2017, the Company has ceded $7.19 million of losses into the $17.5 million layer. There is a 35% contingent recovery depending on the performance of the reserves over time. No contingent recovery is currently reflected in the financial statements. Equipment Breakdown, Employment Practice Liability, and Data Compromise and Identity Recovery • The Company has a 100% quota share arrangement with another reinsurer for a small number of equipment breakdown, employment practices liability and data compromise coverages that are occasionally bundled with other products. The Company assumes written premiums under a few fronting 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 rating, or where the policies are written in a state where the Company is not licensed or for other strategic reasons. Assumed premiums are comprised entirely of these arrangements other than where there are premiums assumed from Citizens Property and Casualty Corporation (“Citizens”). Beginning in December 2014, the Company assumed written premium of $5.5 million under a policy assumption agreement with Citizens. Citizens is a Florida government-sponsored insurer that provides homeowners insurance to Florida residences that cannot find coverage in the voluntary market. Upon assuming this premium, the Company becomes the primary insurer to the policyholders. The Company is responsible for claims occurring on or after the effective date of the assumption. In the first quarter of 2015, the Company assumed additional written premium from Citizens in the amount of $1.4 million . This assumption was offset during the year ended December 31, 2015 by a return of $1.3 million of assumed premiums from the 2014 assumption and $738,000 of assumed premiums from the 2015 assumption. The return premiums are related to the policyholders opting out of the related assumptions. The Company did not assume any Citizens business in 2016 or 2017. The Company assumed $28.0 million , $25.0 million, and $2.5 million of written premiums under the insurance fronting arrangements for the years ended ended December 31, 2017 , 2016 , and 2015 , respectively. The following table presents the effects of such reinsurance and assumption transactions on written premiums, earned premiums and losses and LAE (dollars in thousands). The 2017 ceded written and earned premium amounts include $806,000 of reinsurance reinstatement costs relating to Hurricane Irma: Year Ended December 31, 2017 2016 2015 Written premiums: Direct $ 86,251 $ 89,915 $ 90,503 Assumed 28,033 25,008 3,247 Ceded (23,044 ) (14,994 ) (14,076 ) Net written premiums $ 91,240 $ 99,929 $ 79,674 Earned premiums: Direct $ 87,656 $ 90,660 $ 82,614 Assumed 27,081 14,053 6,602 Ceded (23,008 ) (15,086 ) (22,451 ) Net earned premiums $ 91,729 $ 89,627 $ 66,765 Loss and loss adjustment expenses: Direct $ 79,035 $ 59,940 $ 43,989 Assumed 19,524 11,955 2,756 Ceded (24,642 ) (12,892 ) (7,863 ) Net Loss and loss adjustment expenses $ 73,917 $ 59,003 $ 38,882

Debt

Debt	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Debt	Debt On September 29, 2017, the Company issued $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 $973,000 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): December 31, 2017 2016 Subordinated Debt $ 29,027 $ — Revolver — 10,500 Term Note — 1,750 2014 Term Note — 5,500 Total $ 29,027 $ 17,750 The proceeds from the Notes were utilized to repay all of the outstanding balances on the Credit Facility and to contribute additional capital into the Insurance Company Subsidiaries. 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 December 31, 2017 , the Company was in compliance with all of its debt financial covenants.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes At December 31, 2017 and 2016 , the Company had current income taxes receivable of $214,000 and $110,000 , respectively, included in other assets in the consolidated balance sheets. The income tax expense (benefit) is comprised of the following (dollars in thousands): Year Ended December 31, 2017 2016 2015 Current tax expense (benefit) $ (28 ) $ 70 $ 48 Deferred tax expense (benefit) (419 ) (147 ) — Total income tax expense (benefit) $ (447 ) $ (77 ) $ 48 The income tax expense (benefit) differed from the amounts computed by applying the statutory U.S. federal income tax rate of 34% to pretax income as a result of the following (dollars in thousands): Year Ended December 31, 2017 2016 2015 Income (loss) before income taxes $ (22,054 ) $ (8,643 ) $ 83 Statutory U.S. federal income tax rate (7,498 ) (2,939 ) 28 State income taxes, net of federal benefit (106 ) (3 ) (72 ) Tax‑exempt investment income and dividend received deduction (123 ) (106 ) (116 ) Nondeductible meals and entertainment 54 61 45 Valuation allowance on deferred tax assets 1,515 2,808 (2,050 ) Net operating loss write-off — — 2,150 Change in federal tax rate 5,612 — — Other 99 102 63 Income tax expense (benefit) $ (447 ) $ (77 ) $ 48 Effective tax rate 2.0 % 0.9 % 57.8 % On December 22, 2017, the U.S. federal government enacted H.R.1, “An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018” (the “Act”). The Act provides for significant changes to corporate taxation including the decrease of the corporate tax rate from 34% to 21%. The Company has completed its analysis of the impact of the Act and has followed the additional guidance provided by the Security and Exchange Commission's Staff Accounting Bulletin No. 118. Management believes there are no material provisional balances as of December 31, 2017. The Company has accounted for the impacts of the Act by remeasuring its deferred tax assets and liabilities at the 21% enacted tax rate. The approximate impact of the change in tax rate was a decrease in net deferred tax assets (before valuation allowance) of $5.6 million with a corresponding deferred income tax expense of $5.6 million . The valuation allowance also decreased by $5.7 million with a corresponding deferred income tax benefit of $5.7 million . Accordingly, the net deferred income tax impact on the results of operations relating to the Act was a $63,000 deferred tax benefit in 2017. The Company’s net deferred tax assets for the year ended December 31, 2016, remain at the previously enacted tax rate. The Company has recorded a reasonable estimate for the impact of the Act on the discounted loss reserves included in the table, below. The Company will true-up the deferred tax asset for this item when the United States Treasury releases the 2018 discount factors. The corresponding deferred tax liability related to the transitional adjustment will be recognized over the next eight years beginning with the year ending December 31, 2018. For the year ended December 31, 2015, the Company reconsidered how it presents deferred tax assets and the associated valuation allowance which are subject to permanent limitation and which will expire unused. As such, the 2015 valuation allowance and gross net operating loss deferred tax asset were reduced by $2.2 million to remove the deferred tax assets that would expire unused. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below (dollars in thousands): December 31, 2017 2016 Deferred tax assets: Discounted unpaid losses and loss adjustment expenses $ 1,026 $ 715 Unearned premiums 2,576 4,085 Net operating loss carryforwards 9,147 7,757 State net operating loss carryforwards 385 223 Other 135 203 Gross deferred tax assets 13,269 12,983 Less valuation allowance (9,904 ) (8,389 ) Total deferred tax assets, net of allowance 3,365 4,594 Deferred tax liabilities: Investment basis difference 19 45 Unrealized gains on investments 124 (156 ) Deferred policy acquisition costs 2,684 4,519 Intangible assets 107 163 Property and equipment 85 202 Other 461 — Total deferred tax liabilities 3,480 4,773 Net deferred tax liability $ (115 ) $ (179 ) The net deferred tax liability is recorded in Accounts payable and accrued expenses in the consolidated balance sheets. As of December 31, 2017 , the Company has net operating loss carryforwards for federal income tax purposes of $43.6 million , which expire in tax years 2029 through 2037. Of this amount, $15.1 million are limited in the amount that can be utilized in any one year and may expire before they are realized under Section 382 of the Internal Revenue Code. The Company has state net operating loss carryforwards of $11.0 million , which expire in tax years 2029 through 2037. Management assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit the use of the existing deferred tax assets under the guidance of ASC 740. A significant piece of objective negative evidence evaluated was the cumulative loss incurred over the three‑year period ended December 31, 2017 . Such objective evidence limits the Company's ability to consider other subjective evidence, such as management's projections for future growth. Based on its evaluation, the Company has recorded a valuation allowance of $9.9 million and $8.4 million at December 31, 2017 and 2016 , respectively, to reduce the deferred tax assets to an amount that is more likely than not to be realized based on the provisions in ASC 740. The amount of the deferred tax assets considered realizable, however, could be adjusted if estimates of future taxable income during the carryforward period are reduced or if objective negative evidence in the form of cumulative losses is no longer present, and additional weight may be given to subjective evidence, such as the Company’s projections for growth. The Company files consolidated federal income tax returns. For the years before 2014, the Company is no longer subject to U.S. federal examinations; however, the Internal Revenue Service has the ability to review years prior to 2014 to the extent the Company utilized tax attributes carried forward from those prior years. The statute of limitations on state filings is generally three to four years.

Statutory Financial Data, Risk-

Statutory Financial Data, Risk-Based Capital and Dividend Restrictions	12 Months Ended
	Dec. 31, 2017
Insurance [Abstract]
Statutory Financial Data, Risk-Based Capital and Dividend Restrictions	Statutory Financial Data, Risk-Based Capital and Dividend Restrictions U.S. state insurance laws and regulations prescribe accounting practices for determining statutory net income and capital and surplus for insurance companies. In addition, state regulators may permit statutory accounting practices that differ from prescribed practices. Statutory accounting practices prescribed or permitted by regulatory authorities for the Company’s Insurance Company Subsidiaries differ from GAAP. The principal differences between statutory accounting practices ("SAP") and GAAP as they relate to the financial statements of the Company’s Insurance Company Subsidiaries are (i) policy acquisition costs are expensed as incurred under SAP, whereas they are deferred and amortized under GAAP, (ii) deferred tax assets are subject to more limitations regarding what amounts can be recorded under SAP and (iii) bonds are recorded at amortized cost under SAP and fair value under GAAP. Risk-Based Capital ("RBC") requirements as promulgated by the National Association of Insurance Commissioners (‘‘NAIC’’) require property and casualty insurers to maintain minimum capitalization levels determined based on formulas incorporating various business risks (e.g., investment risk, underwriting profitability, etc.) of the Insurance Company Subsidiaries. As of December 31, 2017 , 2016 and 2015 , the Insurance Company Subsidiaries’ adjusted capital and surplus exceeded their authorized control level as determined by the NAIC’s risk-based capital models. Summarized 2017 , 2016 and 2015 statutory basis information for the non-captive Insurance Company Subsidiaries, which differs from generally accepted accounting principles, is as follows (dollars in thousands). On December 30, 2016, the Company's wholly owned subsidiary, ACIC was merged into WPIC. As a result, 2017 and 2016 statutory data is shown for the remaining two Insurance Company Subsidiaries, while 2015 data is shown for the prior three Insurance Company Subsidiaries, (dollars in thousands). Conifer White Pine 2017: Statutory capital and surplus $ 35,848 $ 26,075 RBC authorized control level 8,873 6,224 Statutory net income (loss) (6,993 ) (13,737 ) RBC % 404 % 419 % Conifer White Pine 2016: Statutory capital and surplus $ 29,539 $ 32,391 RBC authorized control level 6,676 6,583 Statutory net income (loss) (2,782 ) (1,209 ) RBC % 442 % 492 % Conifer American Colonial White Pine 2015: Statutory capital and surplus $ 30,637 $ 22,523 $ 17,452 RBC authorized control level 5,390 2,809 2,978 Statutory net income (loss) 387 (2,278 ) 784 RBC % 569 % 802 % 585 % Dividend Restrictions The state insurance statutes in which the Insurance Company Subsidiaries are domiciled limit the amount of dividends that they may pay annually without first obtaining regulatory approval. Generally, the limitations are based on the greater of statutory net income for the preceding year or 10% of statutory surplus at the end of the preceding year. The Company must receive regulatory approval in order to pay dividends to the Parent Company from its Insurance Company Subsidiaries in 2017.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity Common Stock 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 used the proceeds to strengthen its balance sheet through contributions to the Insurance Company Subsidiaries to support their future growth, and to cover the cost of the ADC and reserve strengthening. 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. Under this program, management is 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. For the year ended December 31, 2017 , the Company had not repurchased any shares of stock. For the year ended December 31, 2016, the Company had repurchased and retired 88,650 shares of stock valued at approximately $625,000 . Repurchased shares remain authorized but not issued or outstanding, and are available to be reissued in the future. As of December 31, 2017 and 2016 , the Company had 8,520,328 and 7,633,070 issued and outstanding shares of common stock, respectively. Holders of common stock are entitled to one vote per share and to receive dividends only when and if declared by the board of directors. The holders have no preemptive, conversion or subscription rights.

Redeemable Preferred Stock

Redeemable Preferred Stock	12 Months Ended
	Dec. 31, 2017
Temporary Equity Disclosure [Abstract]
Redeemable Preferred Stock	Redeemable Preferred Stock At December 31, 2014, the Company had 60,600 shares of redeemable preferred stock outstanding. The shares of redeemable preferred stock were initially recorded at fair value and thereafter increased by accrued paid-in-kind dividends. The Company classified the shares of redeemable preferred stock within temporary equity on its consolidated balance sheet at December 31, 2014, due to its liquidation rights. On March 25, 2015, the Company amended its articles of incorporation with the consent of more than 80% of the holders of the preferred stock and a majority of the holders of the common stock to restrict the liquidation rights to the liquidation, dissolution or winding up of the Company. It was previously more broadly defined. On the effective date of the modification, the Company reclassified the carrying amount of its redeemable preferred stock from temporary equity to permanent equity. Pursuant to agreements effective on or before July 1, 2015, the holders of preferred stock agreed to allow the Company to repurchase their outstanding preferred shares at the original purchase price (i.e., $100 per share) plus all accrued and unpaid preferred dividends. In addition, the holders of 29,550 shares (or 49% ) of preferred stock agreed to use such cash received from the Company’s repurchase of their preferred stock to purchase shares of common stock at the same per share price as the common stock offered in the Company’s IPO. The closing of these transactions were conditioned on the completion of the Company’s IPO. Following the closing of the Company’s IPO on August 18, 2015, the Company paid $6.3 million to holders of shares of preferred stock to repurchase such shares and for the payment of accrued dividends. Additionally, the Company issued 294,450 shares of common stock to former holders of the preferred stock for proceeds of $3.1 million . There are no shares of redeemable preferred stock outstanding after the closing of the IPO.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	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 (in thousands): Year Ended 2017 2016 Balance at beginning of period $ (1,080 ) $ 182 Other comprehensive income (loss) before reclassifications 795 (2,139 ) Less: amounts reclassified from accumulated other comprehensive income (loss) 78 (877 ) Net current period other comprehensive income (loss) 717 (1,262 ) Balance at end of period $ (363 ) $ (1,080 )

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic and diluted earnings (loss) per share are computed by dividing net income allocable to common shareholders by the weighted average number of common shares outstanding during the period. The dividends on preferred stock are deducted from the net income to arrive at net income allocable to common shareholders. In the period of a net loss, the dividends on preferred stock are added to the net loss to arrive at net loss allocable to common shareholders. The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (in thousands, except share and per share amounts): Year Ended 2017 2016 2015 Net income (loss) attributable to Conifer $ (21,542 ) $ (8,437 ) $ 64 Preferred stock dividends — — 384 Paid-in-kind dividends — — 156 Net income (loss) allocable to common shareholders $ (21,542 ) $ (8,437 ) $ (476 ) Weighted average common shares, basic and diluted* 7,867,344 7,618,588 5,369,960 Earnings (loss) per share allocable to common, basic and diluted $ (2.74 ) $ (1.11 ) $ (0.09 ) * The non-vested shares of the restricted stock units were anti-dilutive as of December 31, 2017 , 2016, and 2015. Therefore, the basic and diluted weighted average common shares are equal as of December 31, 2017 , 2016, and 2015.

Stock-based Compensation

Stock-based Compensation	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	Stock-based Compensation In 2015, the Company established the Conifer Holdings, Inc. 2015 Omnibus Incentive Plan (“2015 Plan”), which permits the granting of stock options, stock appreciation rights, restricted stock units ("RSU") and other stock-based awards. The 2015 Plan authorizes up to 1,377,000 shares of common stock for awards to be issued to employees, directors or consultants of the Company. The RSUs are issued at no less than the market price on the date the awards are granted. The awards vest in five annual installments, commencing on the first anniversary from the date of grant. The Company will expense the grant date fair value of the RSUs as compensation expense on a straight-line basis over the requisite service period. Upon vesting, each RSU will convert into one share of common stock. The unvested RSUs are subject to forfeiture in the event the employee is involuntarily or voluntarily terminated. If the employee is terminated by the Company for cause, the Company has the option to forfeit the terminated employees’ vested shares for no consideration and to cause the employee to have no further rights or interest in the vested RSUs. The following summarizes our RSU activity (units in thousands): Number of Units Weighted Average Grant-Date Fair Value Outstanding at August 12, 2015 (IPO) — $ — Units granted 390 10.48 Outstanding at December 31, 2015 390 $ 10.48 Units granted 111 8.17 Units vested (77 ) 10.48 Units forfeited (8 ) 9.95 Outstanding at December 31, 2016 416 $ 9.87 Units granted — — Units vested (95 ) 9.97 Units forfeited (14 ) 9.94 Outstanding at December 31, 2017 307 $ 9.84 The scheduled vesting for the restricted stock units at December 31, 2017 was as follows (in thousands): 2018 2019 2020 2021 Total Scheduled vesting - RSUs 95 95 95 22 307 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 Company recorded $948,000 , $856,000 and $303,000 of compensation expense related to the RSUs for the years ended December 31, 2017 , 2016 and 2015 , respectively. The total compensation cost related to the non-vested portion of the restricted stock units which has not been recognized as of December 31, 2017 was $3.0 million .

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions In October 2015, the Company hired the brother of the Chairman and Chief Executive Officer, James G. Petcoff, as the president of a newly created managing general agency, Blue Spruce Underwriters. In this capacity, B. Matthew Petcoff leads a team of agents in writing business in the hospitality industry, focusing on quick-service restaurants. The Company employs Nicholas J. Petcoff as its Executive Vice President and a director and Andrew D. Petcoff as its Senior Vice President of Personal Lines; each of those individuals have been employed since 2009. They are the sons of the Company's Chairman and Chief Executive Officer, James G. Petcoff.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2017
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans In 2014, the Company established a retirement savings plan under section 401(k) of the Internal Revenue Code (the “Plan”) for certain eligible employees. Eligible employees electing to participate in the 401(k) plan may defer and contribute from 1% to 100% of their compensation on a pre‑tax basis, subject to statutory limits. The Company will match the employees’ contributions up to the first 4% of their compensation. The Company’s Plan expense amounted to $432,000 , $405,000 and $346,000 for the years ended December 31, 2017 , 2016 and 2015 respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 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 covered by the insurance policy at issue. We account for such activity through the establishment of unpaid losses and LAE reserves. In accordance with accounting guidance, if it is probable that a liability has been incurred as of the date of the financial statements and the amount of loss is reasonably estimable; then an accrual for the costs to resolve these claims is recorded by the Company in the accompanying consolidated balance sheets. Periodic expenses related to the defense of such claims are included in the accompanying consolidated statements of operations. 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 to, either individually, or in the aggregate. Commitments In 2010, the Company entered into an agreement with an unaffiliated party to design, develop, and implement a new policy administration, billing, and claims system for the Company. The scope of work and fee structure has changed over time. Currently, the agreement requires a minimum monthly payment of $30,000 with a fee schedule that is scalable with the premium volume, and expires on September 30, 2022. Operating leases The Company leases administrative office facilities, including its corporate headquarters, and office equipment under operating leases that expire at various dates through 2024. The Company has the option to extend its corporate headquarters lease for two additional five ‑year periods. The Company recognizes rent expense on a straight‑line basis over the term of the lease. Rent expense under the operating leases totaled $961,000 in 2017 , $915,000 in 2016 , and $795,000 in 2015 . The future minimum rental payments under non-cancelable operating leases as of December 31, 2017 , are as follows (in thousands): Years Ending December 31, Amount 2018 $ 940 2019 865 2020 837 2021 726 2022 636 2023 and thereafter 1,079 Total future minimum rental payments $ 5,083

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 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 principal operations into two types of insurance businesses: commercial lines 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-making group 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-making group, comprised of key senior executives, reviews a number of financial measures including gross written premiums, net earned premiums and losses and LAE, net of reinsurance recoveries. The primary measure used for making decisions about resources to be allocated to an operating segment and assessing its 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 operating expenses of the operating segments. Operating expenses primarily include compensation and related benefits for underwriting personnel, policy issuance and claims systems, rent and utilities. The Company markets, distributes and sells its insurance products through its own insurance agencies and 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 years ended December 31, 2017 , 2016 and 2015 , gross written premiums attributable to these four states were 60.8% , 56.7% , and 66.6% respectively, of the Company’s total gross written premiums. The following table summarizes our net earned premiums: Net Earned Premium 2017 2016 2015 Commercial 84 % 77 % 73 % Personal 16 % 23 % 27 % Total 100 % 100 % 100 % The following provides a description of the Company’s two insurance businesses and product offerings within these businesses: • Commercial lines—offers coverage for property, liability, automobile and other miscellaneous coverage primarily to owner-operated small and mid-sized businesses, professional organizations and hospitality businesses such as restaurants, bars and taverns. • Personal lines—offers coverage for low-value dwelling, and wind-exposed homeowners. In addition to the reportable 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 senior 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 following tables present information by reportable segment (dollars in thousands): Year Ended December 31, 2017 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 92,112 $ 22,172 $ — $ 114,284 Net written premiums $ 78,217 $ 13,023 $ — $ 91,240 Net earned premiums $ 76,786 $ 14,943 $ — $ 91,729 Other income 628 780 152 1,560 Segment revenue 77,414 15,723 152 93,289 Loss and loss adjustment expenses, net 55,701 18,216 — 73,917 Policy acquisition costs 20,470 5,775 — 26,245 Operating expenses 11,339 2,570 3,458 17,367 Segment expenses 87,510 26,561 3,458 117,529 Segment underwriting gain (loss) $ (10,096 ) $ (10,838 ) $ (3,306 ) $ (24,240 ) Investment income 2,728 2,728 Net realized investment gains 70 70 Other gains (losses) 750 750 Interest expense (1,362 ) (1,362 ) Income (loss) before income taxes $ (1,120 ) $ (22,054 ) Selected Balance Sheet Data: Deferred policy acquisition costs $ 10,116 $ 2,665 $ — $ 12,781 Unearned premiums 45,951 11,721 — 57,672 Loss and loss adjustment expense reserves 76,586 11,310 — 87,896 Year Ended December 31, 2016 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 88,242 $ 26,681 $ — $ 114,923 Net written premiums $ 78,439 $ 21,490 $ — $ 99,929 Net earned premiums $ 68,921 $ 20,706 $ — $ 89,627 Other income 378 558 182 1,118 Segment revenue 69,299 21,264 182 90,745 Loss and loss adjustment expenses, net 42,441 16,562 — 59,003 Policy acquisition costs 18,560 6,720 — 25,280 Operating expenses 6,767 2,911 7,918 17,596 Segment expenses 67,768 26,193 7,918 101,879 Segment underwriting gain (loss) $ 1,531 $ (4,929 ) $ (7,736 ) $ (11,134 ) Investment income 2,173 2,173 Net realized investment gains 1,365 1,365 Other gains (losses) (400 ) (400 ) Interest expense (647 ) (647 ) Income (loss) before income taxes $ (5,245 ) $ (8,643 ) Selected Balance Sheet Data: Deferred policy acquisition costs $ 10,156 $ 3,134 $ — $ 13,290 Unearned premiums 44,484 13,642 — 58,126 Loss and loss adjustment expense reserves 46,917 7,734 — 54,651 Year Ended December 31, 2015 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 68,197 $ 25,553 $ — $ 93,750 Net written premiums $ 58,157 $ 21,517 $ — $ 79,674 Net earned premiums $ 48,586 $ 18,179 $ — $ 66,765 Other income 1,099 489 79 1,667 Segment revenue 49,685 18,668 79 68,432 Loss and loss adjustment expenses, net 25,730 13,152 — 38,882 Policy acquisition costs 11,937 4,246 — 16,183 Operating expenses 4,983 3,305 6,518 14,806 Segment expenses 42,650 20,703 6,518 69,871 Segment underwriting gain (loss) $ 7,035 $ (2,035 ) $ (6,439 ) $ (1,439 ) Investment income 1,902 1,902 Net realized investment gains 285 285 Other gains (losses) 104 104 Interest expense (769 ) (769 ) Income (loss) before income taxes $ (4,917 ) $ 83 Selected Balance Sheet Data: Deferred policy acquisition costs $ 8,401 $ 3,701 $ — $ 12,102 Unearned premiums 33,337 14,579 — 47,916 Loss and loss adjustment expense reserves 29,739 5,683 — 35,422

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	Quarterly Financial Data (Unaudited) The following is a summary of quarterly results of operations for 2017 and 2016 (in thousands, except per share and ratio data). The fluctuations between periods and changes in reserves, as disclosed in Note 5, are due to the normal fluctuations in operations from quarter to quarter. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2017: Gross written premiums $ 26,474 $ 26,981 $ 29,581 $ 31,247 Net written premiums $ 22,324 $ 23,082 $ 18,395 $ 27,439 Net earned premiums $ 24,140 $ 24,497 $ 17,659 $ 25,433 Net investment income 577 663 768 720 Net realized gains (8 ) — 39 39 Other gains (losses) — 750 — — Other income 354 372 477 357 Losses and loss adjustment expenses, net 15,733 16,674 26,468 15,042 Policy acquisition costs 6,472 6,428 6,655 6,690 Operating expenses 4,530 4,370 4,474 3,993 Interest expense 224 219 303 616 Income tax (benefit) expense 6 (282 ) (135 ) (36 ) Equity earnings (losses) in affiliates, net of tax 104 60 (76 ) (23 ) Net income (loss) $ (1,798 ) $ (1,067 ) $ (18,898 ) $ 221 Diluted earnings (loss) per common share (1) $ (0.24 ) $ (0.14 ) $ (2.46 ) $ 0.03 Combined ratio (2) 109.1 % 110.4 % 207.3 % 99.7 % 2016: Gross written premiums $ 25,393 $ 29,725 $ 28,497 $ 31,308 Net written premiums $ 22,050 $ 26,176 $ 24,634 $ 27,069 Net earned premiums $ 20,109 $ 21,675 $ 23,380 $ 24,463 Net investment income 537 528 560 548 Net realized gains (8 ) 541 71 761 Other gains (losses) — — — (400 ) Other income 245 283 303 287 Losses and loss adjustment expenses, net 12,699 13,541 14,582 18,181 Policy acquisition costs 6,003 6,014 6,266 6,997 Operating expenses 4,139 4,536 4,710 4,211 Interest expense 157 143 168 179 Income tax (benefit) expense — (623 ) 16 530 Equity losses in affiliates, net of tax 87 71 (47 ) 18 Net income (loss) $ (2,028 ) $ (513 ) $ (1,475 ) $ (4,421 ) Diluted earnings (loss) per common share (1) $ (0.27 ) $ (0.07 ) $ (0.19 ) $ (0.58 ) Combined ratio (2) 112.2 % 109.7 % 107.9 % 118.7 % (1) Due to the changes in the equity structure of the Company (Note ~ 10 Shareholders' Equity) the weighted average common shares outstanding has fluctuated over the past two years and therefore the quarterly diluted earnings (loss) per common share does not total the full-year earnings (loss) per common share stated on the face of the Consolidated Statements of Operations. (2) The combined ratio is the sum of the loss ratio and the expense ratio. The loss ratio is the ratio, expressed as a percentage, of net losses and LAE to net premiums earned and other income. The expense ratio is the ratio, expressed as a percentage, of policy acquisition costs and operating expenses to net earned premiums and other income.

Schedule II - Condensed Financi

Schedule II - Condensed Financial Information of Registrant - Balance Sheets	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule II - Condensed Financial Information of Registrant - Balance Sheets	December 31, 2017 2016 Assets Investment in subsidiaries $ 77,657 $ 78,637 Equity securities 400 — Cash 2,583 4,639 Due from subsidiaries 513 — Due from affiliate 348 946 Other assets 1,271 2,009 Total assets $ 82,772 $ 86,231 Liabilities and Shareholders' Equity Liabilities: Debt $ 29,027 $ 17,750 Other liabilities 919 687 Total liabilities 29,946 18,437 Shareholders' equity: Common stock, no par value (100,000,000 shares authorized; 8,520,328 and 7,633,070 issued and outstanding, respectively) 86,199 80,342 Accumulated deficit (33,010 ) (11,468 ) Accumulated other comprehensive income (loss) (363 ) (1,080 ) Total shareholders' equity 52,826 67,794 Total liabilities and shareholders' equity $ 82,772 $ 86,231 Year Ended December 31, 2017 2016 2015 Revenue Management fees from subsidiaries $ 15,905 $ 9,911 $ 8,007 Other income 826 51 64 Total revenue 16,731 9,962 8,071 Expenses Operating expenses 13,496 16,995 13,710 Interest expense 1,362 647 766 Total expenses 14,858 17,642 14,476 Income (loss) before equity in earnings (losses) of subsidiaries and income tax benefit 1,873 (7,680 ) (6,405 ) Income tax benefit 859 (864 ) (1,025 ) Income (loss) before equity earnings (losses) of subsidiaries 1,014 (6,816 ) (5,380 ) Equity earnings (losses) in subsidiaries (22,556 ) (1,621 ) 5,363 Net income (loss) (21,542 ) (8,437 ) (17 ) Less net loss attributable to noncontrolling interest — — (81 ) Net income (loss) attributable to Conifer $ (21,542 ) $ (8,437 ) $ 64 Other Comprehensive Income Equity in other comprehensive income (loss) of subsidiaries 717 (1,262 ) (976 ) Total Comprehensive income (loss) $ (20,825 ) $ (9,699 ) $ (912 ) Schedule II Conifer Holdings, Inc. Condensed Financial Information of Registrant Statement of Cash Flows – Parent Company Only (dollars in thousands) Year Ended December 31, 2017 2016 2015 Cash Flows from Operating Activities Net income (loss) $ (21,542 ) $ (8,437 ) $ (17 ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization 347 364 321 Deferred income taxes (485 ) 288 140 Equity in undistributed (income) loss of subsidiaries 22,556 1,621 (5,363 ) Incentive awards expenses - vesting of RSUs 895 856 303 Changes in operating assets and liabilities: Due from subsidiaries (513 ) 150 (921 ) Due from affiliates 598 — — Other assets 532 (270 ) (396 ) Other liabilities 590 5 (500 ) Net cash provided by (used in) operating activities 2,978 (5,423 ) (6,433 ) Cash Flows From Investing Activities Contributions to subsidiaries (20,860 ) (2,100 ) (7,500 ) Dividends received from subsidiaries — 5,450 2,700 Purchases of investments (400 ) — — Purchases of property and equipment (13 ) (192 ) (146 ) Net cash provided by (used in) investing activities (21,273 ) 3,158 (4,946 ) Cash Flows From Financing Activities Proceeds received from issuance of shares of common stock 5,000 — 36,066 Repurchase of common stock — (625 ) — Repurchase of preferred stock — — (6,275 ) Borrowings under debt arrangements 32,000 7,000 4,400 Repayment of borrowings under debt arrangements (19,750 ) (2,000 ) (19,212 ) Dividends paid to preferred shareholders — — (384 ) Stock and debt issuance costs (1,011 ) — (1,837 ) Net cash provided by financing activities 16,239 4,375 12,758 Net increase (decrease) in cash (2,056 ) 2,110 1,379 Cash at beginning of period 4,639 2,529 1,150 Cash at end of period $ 2,583 $ 4,639 $ 2,529 Supplemental Disclosure of Cash Flow Information: Interest paid $ 876 $ 641 $ 844 Non-cash dividend received from subsidiaries — — 400 Paid-in-kind dividends — — 61 Conifer Holding, Inc. Condensed Financial Information of Registrant Parent Company Only Notes to Condensed Financial Statements 1. Accounting Policies Organization Conifer Holdings, Inc. (the “Parent”) is a Michigan‑domiciled holding company organized for the purpose of managing its insurance entities. The Parent conducts its principal operations through these entities. Basis of Presentation The accompanying condensed financial information should be read in conjunction with the Consolidated Financial Statements and related Notes of Conifer Holdings, Inc. and Subsidiaries. Investments in subsidiaries are accounted for using the equity method. Under the equity method, the investment in subsidiaries is stated at cost plus contributions and equity in undistributed income (loss) of consolidated subsidiaries less dividends received since the date of acquisition. The Parent’s operations consist of income earned from management and administrative services performed for the insurance entities pursuant to intercompany services agreements. These management and administrative services include providing management, marketing, offices and equipment, and premium collection, for which the insurance companies pay fees based on a percentage of gross premiums written. Also, the Parent receives commission income for performing agency services. The primary operating costs of the Parent are salaries and related costs of personnel, information technology, administrative expenses, and professional fees. The income received from the management and administrative services is used to cover operating costs, meet debt service requirements and cover other holding company obligations. Estimates and Assumptions Preparation of the condensed financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed financial statements and accompanying disclosures. Those estimates are inherently subject to change, and actual results may ultimately differ from those estimates. Dividends The Parent received cash dividends from its subsidiaries of $0.0 , $5.5 million and $2.7 million for the years ended December 31, 2017, 2016 and 2015, respectively.

Schedule II - Condensed Finan28

Schedule II - Condensed Financial Information of Registrant - Statements of Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule II - Condensed Financial Information of Registrant - Statements of Comprehensive Income (Loss)	December 31, 2017 2016 Assets Investment in subsidiaries $ 77,657 $ 78,637 Equity securities 400 — Cash 2,583 4,639 Due from subsidiaries 513 — Due from affiliate 348 946 Other assets 1,271 2,009 Total assets $ 82,772 $ 86,231 Liabilities and Shareholders' Equity Liabilities: Debt $ 29,027 $ 17,750 Other liabilities 919 687 Total liabilities 29,946 18,437 Shareholders' equity: Common stock, no par value (100,000,000 shares authorized; 8,520,328 and 7,633,070 issued and outstanding, respectively) 86,199 80,342 Accumulated deficit (33,010 ) (11,468 ) Accumulated other comprehensive income (loss) (363 ) (1,080 ) Total shareholders' equity 52,826 67,794 Total liabilities and shareholders' equity $ 82,772 $ 86,231 Year Ended December 31, 2017 2016 2015 Revenue Management fees from subsidiaries $ 15,905 $ 9,911 $ 8,007 Other income 826 51 64 Total revenue 16,731 9,962 8,071 Expenses Operating expenses 13,496 16,995 13,710 Interest expense 1,362 647 766 Total expenses 14,858 17,642 14,476 Income (loss) before equity in earnings (losses) of subsidiaries and income tax benefit 1,873 (7,680 ) (6,405 ) Income tax benefit 859 (864 ) (1,025 ) Income (loss) before equity earnings (losses) of subsidiaries 1,014 (6,816 ) (5,380 ) Equity earnings (losses) in subsidiaries (22,556 ) (1,621 ) 5,363 Net income (loss) (21,542 ) (8,437 ) (17 ) Less net loss attributable to noncontrolling interest — — (81 ) Net income (loss) attributable to Conifer $ (21,542 ) $ (8,437 ) $ 64 Other Comprehensive Income Equity in other comprehensive income (loss) of subsidiaries 717 (1,262 ) (976 ) Total Comprehensive income (loss) $ (20,825 ) $ (9,699 ) $ (912 ) Schedule II Conifer Holdings, Inc. Condensed Financial Information of Registrant Statement of Cash Flows – Parent Company Only (dollars in thousands) Year Ended December 31, 2017 2016 2015 Cash Flows from Operating Activities Net income (loss) $ (21,542 ) $ (8,437 ) $ (17 ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization 347 364 321 Deferred income taxes (485 ) 288 140 Equity in undistributed (income) loss of subsidiaries 22,556 1,621 (5,363 ) Incentive awards expenses - vesting of RSUs 895 856 303 Changes in operating assets and liabilities: Due from subsidiaries (513 ) 150 (921 ) Due from affiliates 598 — — Other assets 532 (270 ) (396 ) Other liabilities 590 5 (500 ) Net cash provided by (used in) operating activities 2,978 (5,423 ) (6,433 ) Cash Flows From Investing Activities Contributions to subsidiaries (20,860 ) (2,100 ) (7,500 ) Dividends received from subsidiaries — 5,450 2,700 Purchases of investments (400 ) — — Purchases of property and equipment (13 ) (192 ) (146 ) Net cash provided by (used in) investing activities (21,273 ) 3,158 (4,946 ) Cash Flows From Financing Activities Proceeds received from issuance of shares of common stock 5,000 — 36,066 Repurchase of common stock — (625 ) — Repurchase of preferred stock — — (6,275 ) Borrowings under debt arrangements 32,000 7,000 4,400 Repayment of borrowings under debt arrangements (19,750 ) (2,000 ) (19,212 ) Dividends paid to preferred shareholders — — (384 ) Stock and debt issuance costs (1,011 ) — (1,837 ) Net cash provided by financing activities 16,239 4,375 12,758 Net increase (decrease) in cash (2,056 ) 2,110 1,379 Cash at beginning of period 4,639 2,529 1,150 Cash at end of period $ 2,583 $ 4,639 $ 2,529 Supplemental Disclosure of Cash Flow Information: Interest paid $ 876 $ 641 $ 844 Non-cash dividend received from subsidiaries — — 400 Paid-in-kind dividends — — 61 Conifer Holding, Inc. Condensed Financial Information of Registrant Parent Company Only Notes to Condensed Financial Statements 1. Accounting Policies Organization Conifer Holdings, Inc. (the “Parent”) is a Michigan‑domiciled holding company organized for the purpose of managing its insurance entities. The Parent conducts its principal operations through these entities. Basis of Presentation The accompanying condensed financial information should be read in conjunction with the Consolidated Financial Statements and related Notes of Conifer Holdings, Inc. and Subsidiaries. Investments in subsidiaries are accounted for using the equity method. Under the equity method, the investment in subsidiaries is stated at cost plus contributions and equity in undistributed income (loss) of consolidated subsidiaries less dividends received since the date of acquisition. The Parent’s operations consist of income earned from management and administrative services performed for the insurance entities pursuant to intercompany services agreements. These management and administrative services include providing management, marketing, offices and equipment, and premium collection, for which the insurance companies pay fees based on a percentage of gross premiums written. Also, the Parent receives commission income for performing agency services. The primary operating costs of the Parent are salaries and related costs of personnel, information technology, administrative expenses, and professional fees. The income received from the management and administrative services is used to cover operating costs, meet debt service requirements and cover other holding company obligations. Estimates and Assumptions Preparation of the condensed financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed financial statements and accompanying disclosures. Those estimates are inherently subject to change, and actual results may ultimately differ from those estimates. Dividends The Parent received cash dividends from its subsidiaries of $0.0 , $5.5 million and $2.7 million for the years ended December 31, 2017, 2016 and 2015, respectively.

Schedule II - Condensed Finan29

Schedule II - Condensed Financial Information of Registrant - Statement of Cash Flows	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule II - Condensed Financial Information of Registrant - Statement of Cash Flows	December 31, 2017 2016 Assets Investment in subsidiaries $ 77,657 $ 78,637 Equity securities 400 — Cash 2,583 4,639 Due from subsidiaries 513 — Due from affiliate 348 946 Other assets 1,271 2,009 Total assets $ 82,772 $ 86,231 Liabilities and Shareholders' Equity Liabilities: Debt $ 29,027 $ 17,750 Other liabilities 919 687 Total liabilities 29,946 18,437 Shareholders' equity: Common stock, no par value (100,000,000 shares authorized; 8,520,328 and 7,633,070 issued and outstanding, respectively) 86,199 80,342 Accumulated deficit (33,010 ) (11,468 ) Accumulated other comprehensive income (loss) (363 ) (1,080 ) Total shareholders' equity 52,826 67,794 Total liabilities and shareholders' equity $ 82,772 $ 86,231 Year Ended December 31, 2017 2016 2015 Revenue Management fees from subsidiaries $ 15,905 $ 9,911 $ 8,007 Other income 826 51 64 Total revenue 16,731 9,962 8,071 Expenses Operating expenses 13,496 16,995 13,710 Interest expense 1,362 647 766 Total expenses 14,858 17,642 14,476 Income (loss) before equity in earnings (losses) of subsidiaries and income tax benefit 1,873 (7,680 ) (6,405 ) Income tax benefit 859 (864 ) (1,025 ) Income (loss) before equity earnings (losses) of subsidiaries 1,014 (6,816 ) (5,380 ) Equity earnings (losses) in subsidiaries (22,556 ) (1,621 ) 5,363 Net income (loss) (21,542 ) (8,437 ) (17 ) Less net loss attributable to noncontrolling interest — — (81 ) Net income (loss) attributable to Conifer $ (21,542 ) $ (8,437 ) $ 64 Other Comprehensive Income Equity in other comprehensive income (loss) of subsidiaries 717 (1,262 ) (976 ) Total Comprehensive income (loss) $ (20,825 ) $ (9,699 ) $ (912 ) Schedule II Conifer Holdings, Inc. Condensed Financial Information of Registrant Statement of Cash Flows – Parent Company Only (dollars in thousands) Year Ended December 31, 2017 2016 2015 Cash Flows from Operating Activities Net income (loss) $ (21,542 ) $ (8,437 ) $ (17 ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization 347 364 321 Deferred income taxes (485 ) 288 140 Equity in undistributed (income) loss of subsidiaries 22,556 1,621 (5,363 ) Incentive awards expenses - vesting of RSUs 895 856 303 Changes in operating assets and liabilities: Due from subsidiaries (513 ) 150 (921 ) Due from affiliates 598 — — Other assets 532 (270 ) (396 ) Other liabilities 590 5 (500 ) Net cash provided by (used in) operating activities 2,978 (5,423 ) (6,433 ) Cash Flows From Investing Activities Contributions to subsidiaries (20,860 ) (2,100 ) (7,500 ) Dividends received from subsidiaries — 5,450 2,700 Purchases of investments (400 ) — — Purchases of property and equipment (13 ) (192 ) (146 ) Net cash provided by (used in) investing activities (21,273 ) 3,158 (4,946 ) Cash Flows From Financing Activities Proceeds received from issuance of shares of common stock 5,000 — 36,066 Repurchase of common stock — (625 ) — Repurchase of preferred stock — — (6,275 ) Borrowings under debt arrangements 32,000 7,000 4,400 Repayment of borrowings under debt arrangements (19,750 ) (2,000 ) (19,212 ) Dividends paid to preferred shareholders — — (384 ) Stock and debt issuance costs (1,011 ) — (1,837 ) Net cash provided by financing activities 16,239 4,375 12,758 Net increase (decrease) in cash (2,056 ) 2,110 1,379 Cash at beginning of period 4,639 2,529 1,150 Cash at end of period $ 2,583 $ 4,639 $ 2,529 Supplemental Disclosure of Cash Flow Information: Interest paid $ 876 $ 641 $ 844 Non-cash dividend received from subsidiaries — — 400 Paid-in-kind dividends — — 61 Conifer Holding, Inc. Condensed Financial Information of Registrant Parent Company Only Notes to Condensed Financial Statements 1. Accounting Policies Organization Conifer Holdings, Inc. (the “Parent”) is a Michigan‑domiciled holding company organized for the purpose of managing its insurance entities. The Parent conducts its principal operations through these entities. Basis of Presentation The accompanying condensed financial information should be read in conjunction with the Consolidated Financial Statements and related Notes of Conifer Holdings, Inc. and Subsidiaries. Investments in subsidiaries are accounted for using the equity method. Under the equity method, the investment in subsidiaries is stated at cost plus contributions and equity in undistributed income (loss) of consolidated subsidiaries less dividends received since the date of acquisition. The Parent’s operations consist of income earned from management and administrative services performed for the insurance entities pursuant to intercompany services agreements. These management and administrative services include providing management, marketing, offices and equipment, and premium collection, for which the insurance companies pay fees based on a percentage of gross premiums written. Also, the Parent receives commission income for performing agency services. The primary operating costs of the Parent are salaries and related costs of personnel, information technology, administrative expenses, and professional fees. The income received from the management and administrative services is used to cover operating costs, meet debt service requirements and cover other holding company obligations. Estimates and Assumptions Preparation of the condensed financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed financial statements and accompanying disclosures. Those estimates are inherently subject to change, and actual results may ultimately differ from those estimates. Dividends The Parent received cash dividends from its subsidiaries of $0.0 , $5.5 million and $2.7 million for the years ended December 31, 2017, 2016 and 2015, respectively.

Schedule V - Valuation and Qual

Schedule V - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2017
Valuation and Qualifying Accounts [Abstract]
Schedule V - Valuation and Qualifying Accounts	Balance at Beginning of Period Charged to Expense Decrease to Other Comprehensive Income Deductions from Allowance Account Balance at End of Period Valuation for Deferred Tax Assets 2017 $ 8,389 $ 1,515 $ — $ — $ 9,904 2016 5,160 2,808 421 — 8,389 2015 6,917 — — (1,757 ) 5,160

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation and Management Representation	Basis of Presentation and Management Representation 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"), Red Cedar Insurance Company ("RCIC"), White Pine Insurance Company ("WPIC"), 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. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”), which differ from statutory accounting practices prescribed or permitted for insurance companies by regulatory authorities.
Affiliate	Affiliate Prior to September 30, 2015, the consolidated financial statements included a 50% -owned affiliate, Venture Holdings, Inc. (the “Affiliate”) which the Company controlled due to its majority representation on the entity’s board of directors. Consolidated net income or loss was allocated to the Company and noncontrolling interest in proportion to their percentage ownership interests. As of September 30, 2015, the Company no longer controlled the Affiliate but retained significant influence. As a result the entity was deconsolidated from the consolidated financial statements and recognized as an investment in an affiliate utilizing the equity method of accounting.
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.
Cash and Short-term Investments	Cash and Short-term Investments Cash consists of cash deposits in banks, generally in operating accounts. Short-term investments, consisting of money-market funds, are classified as investments in the consolidated balance sheets as they relate principally to the Company’s investment activities. The Company maintains its cash deposits in major banks and invests short-term funds in institutional money-market funds and short-term financial instruments. These securities typically mature within three months or less.
Investment Securities and Other-than-temporary Impairments	Investment Securities Investment securities, consisting of debt and equity securities, are classified as available for sale and reported at fair value. The Company determines the fair value using the market approach, which uses quoted prices or other relevant data based on market transactions involving identical or comparable assets. The Company purchases the available-for-sale debt securities with the expectation that they will be held to maturity, but the Company may sell them if market conditions or credit‑related risk warrant earlier sales. The Company does not have any securities classified as held-to-maturity or trading. The change in unrealized gain and loss on the investment securities is recorded as a component of accumulated other comprehensive income (loss), net of the related deferred tax effect, until realized. The debt securities portfolio includes mortgage-backed and asset-backed securities. The Company recognizes income from these securities using a constant effective yield based on anticipated prepayments and the estimated economic life of the securities. When actual prepayments differ significantly from anticipated prepayments, the estimated economic life is recalculated and the remaining unamortized premium or discount is amortized prospectively over the remaining economic life. Premiums and discounts on mortgage-backed and asset-backed securities are amortized or accreted over the life of the related available‑for‑sale security as an adjustment to yield using the effective interest method. Such amortization and accretion is included in interest income in the consolidated statements of operations. Dividend and interest income are recognized when earned. Realized gains and losses from the sale of available-for-sale securities are determined on a specific-identification basis and included in earnings on the trade date. Other-than-Temporary Impairments The Company reviews its impaired securities for possible other-than-temporary impairment ("OTTI") at each quarter-end. A security has an impairment loss when its fair value is less than its cost or amortized cost at the balance sheet date. The Company considers the following factors in performing its review: (i) the amount by which the security’s fair value is less than its cost, (ii) length of time the security has been impaired, (iii) whether management has the intent to sell the security, (iv) if it is more likely than not that management will be required to sell the security before recovery of its amortized cost basis, (v) whether the impairment is due to an issuer‑specific event, credit issues or change in market interest rates, (vi) the security’s credit rating and any recent downgrades or (vii) stress testing of expected cash flows under different scenarios. If the Company determines that a security has experienced an OTTI, the impairment is recognized as a realized investment loss in the consolidated statements of operations. For each impaired security, the Company determines if: (i) it does not intend to sell the security and (ii) it will more likely than not be required to sell the security before recovery of its amortized cost basis. If the Company cannot assert these conditions, an OTTI loss is recorded through the consolidated statements of operations in the current period. For all other impaired securities, except equity securities, the Company will assess whether the net present value of the cash flows expected to be collected from the security is less than its amortized cost basis. Such a shortfall in cash flows is referred to as a “credit loss.” For any such security, the Company separates the impairment loss into: (i) the credit loss and (ii) the non-credit loss, which is the amount related to all other factors such as interest rate changes, fluctuations in exchange rates and market conditions. The credit loss charge is recorded to the current period statements of operations and the non-credit loss is recorded to accumulated other comprehensive income (loss), within shareholders’ equity, on an after-tax basis. A security’s cost basis is permanently reduced by the amount of a credit loss. Income is accreted over the remaining life of a debt security based on the interest rate necessary to discount the expected future cash flows to the new basis. If the security is non-income producing, any cash proceeds is applied as a reduction of principal when received. For equity securities, if the impairment is deemed an OTTI, the loss is recognized in the statements of operations.
Recognition of Premium Revenues	Recognition of Premium Revenues All of the property and casualty policies written by our insurance companies are considered short-duration contracts. These policies are earned on a daily pro-rata basis, net of reinsurance, over the term of the policy, which are six or twelve months in duration. The portion of premiums written that relate to the unexpired terms of policies in force are deferred and reported as unearned premium at the balance sheet date. Premiums on reinsured business are accounted for on a basis consistent with that used in accounting for the original policies issued and terms of the reinsurance contracts.
Reinsurance	Reinsurance Reinsurance premiums, commissions, losses and loss adjustment expenses ("LAE") on reinsured business are accounted for on a basis consistent with that used in accounting for the original policies issued and the terms of the reinsurance contracts. The amounts reported as reinsurance recoverables include amounts billed to reinsurers on losses and LAE paid as well as estimates of amounts expected to be recovered from reinsurers on insurance liabilities that have not yet been paid. Reinsurance recoverables on unpaid losses and LAE are estimated based upon assumptions consistent with those used in establishing those gross liabilities as they are applied to the underlying reinsured contracts. The Company records an allowance for uncollectible reinsurance recoverables based on an assessment of the reinsurer’s creditworthiness and collectability of the recorded amounts. Management believes an allowance for uncollectible recoverable from its reinsurers was not necessary for the periods presented. The Company receives ceding commissions in connection with certain ceded reinsurance. The ceding commissions are recorded as a reduction of operating expenses. In 2017, the Company entered into an adverse development cover reinsurance agreement (the "ADC"). The ADC is a retroactive reinsurance contract. If the cumulative claim and allocated claim adjustment expenses ceded under the ADC exceed the consideration paid, the resulting gain from such excess is deferred and amortized into earnings in future periods in proportion to actual recoveries under the ADC. In any period in which there is a gain position and a revised estimate of claim and allocated claim adjustment expenses, a portion of the deferred gain is cumulatively recognized in earnings as if the revised estimate was available at the inception date of the ADC.
Deferred Policy Acquisition Costs	Deferred Policy Acquisition Costs Costs incurred which are incremental and directly related to the successful acquisition of new or renewal insurance business is deferred. These deferred costs consist of commissions paid to agents, premium taxes, and underwriting costs, including compensation and payroll related benefits. Proceeds from reinsurance transactions that represent recovery of acquisition costs reduce applicable unamortized acquisition costs in such a manner that net acquisition costs are capitalized and charged to expense. Amortization of such policy acquisition costs is charged to expense in proportion to premium earned over the estimated policy term. To the extent that unearned premiums on existing policies are not adequate to cover the sum of expected losses and LAE, unamortized acquisition costs and policy maintenance costs, unamortized deferred policy acquisition costs are charged to expense to the extent required to eliminate the premium deficiency. If the premium deficiency is greater than the unamortized policy acquisition costs, a liability is recorded for any such deficiency. The Company considers anticipated investment income in determining whether a premium deficiency exists. Management performs this evaluation at each insurance product line level.
Unpaid Losses and Loss Adjustment Expenses	Unpaid Losses and Loss Adjustment Expenses The liability for unpaid losses and LAE in the consolidated balance sheets represents the Company’s estimate of the amount it expects to pay for the ultimate cost of all losses and LAE incurred that remain unpaid at the balance sheet date. The liability is recorded on an undiscounted basis, except for the liability for unpaid losses and LAE assumed related to acquired companies which are initially recorded at fair value. The process of estimating the liability for unpaid losses and LAE is a complex process that requires a high degree of judgment. The liability for unpaid losses and LAE represent the accumulation of individual case estimates for reported losses and LAE, and actuarially determined estimates for incurred but not reported losses and LAE. The liability for unpaid losses and LAE is intended to include the ultimate net cost of all losses and LAE incurred but unpaid as of the balance sheet date. The liability is stated net of anticipated deductibles, salvage and subrogation, and gross of reinsurance ceded. The estimate of the unpaid losses and LAE liability is continually reviewed and updated. Although management believes the liability for losses and LAE is reasonable, the ultimate liability may be more or less than the current estimate. The estimation of ultimate liability for unpaid losses and LAE is a complex, imprecise and inherently uncertain process, and therefore involves a considerable degree of judgment and expertise. The Company utilizes various actuarially‑accepted reserving methodologies in deriving the continuum of expected outcomes and ultimately determining its estimated liability amount. These methodologies utilize various inputs, including but not limited to written and earned premiums, paid and reported losses and LAE, expected initial loss and LAE ratio, which is the ratio of incurred losses and LAE to earned premiums, and expected claim reporting and payout patterns (including company-specific and industry data). The liability for unpaid loss and LAE does not represent an exact measurement of liability, but is an estimate that is not directly or precisely quantifiable, particularly on a prospective basis, and is subject to a significant degree of variability over time. In addition, the establishment of the liability for unpaid losses and LAE makes no provision for the broadening of coverage by legislative action or judicial interpretation or for the extraordinary future emergence of new types of losses not sufficiently represented in the Company’s historical experience or which cannot yet be quantified. As a result, an integral component of estimating the liability for unpaid losses and LAE is the use of informed subjective estimates and judgments about the ultimate exposure to unpaid losses and LAE. The effects of changes in the estimated liability are included in the results of operations in the period in which the estimates are revised. The Company allocates the applicable portion of the unpaid losses and LAE to amounts recoverable from reinsurers under reinsurance contracts and reports those amounts separately as assets on the consolidated balance sheets.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are recognized to the extent that there is sufficient positive evidence, as allowed under the Accounting Standard Codification ("ASC") 740, Income Taxes, to support the recoverability of those deferred tax assets. The Company establishes a valuation allowance to the extent that there is insufficient evidence to support the recoverability of the deferred tax asset under ASC 740. In making such a determination, management considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax‑planning strategies, and results of recent operations. If it is determined that the deferred tax assets would be realizable in the future in excess of their net recorded amount, an adjustment would be made to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.
Other Income	Other Income Other income consists primarily of fees charged to policyholders by the Company for services outside of the premium charge, such as installment billings or policy issuance costs. Commission income is also received by the Company’s insurance agencies for writing policies for third party insurance companies. The Company recognizes commission income on the later of the effective date of the policy, the date when the premium can be reasonably established, or the date when substantially all services related to the insurance placement have been rendered.
Operating Expenses	Operating Expenses Operating expenses consist primarily of other underwriting, compensation and benefits, information technology, facility and other administrative expenses.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . The amendments in this update modify the requirements related to the measurement of certain financial instruments in the statement of financial condition and results of operation. For equity investments (other than investments accounted for using the equity method), entities must measure such instruments at fair value with changes in fair value recognized in net income. Reporting entities may continue to elect to measure equity investments which do not have a readily determinable fair value at cost with adjustments for impairment and observable changes in price. In addition, for a liability (other than a derivative liability) that an entity measures at fair value, any change in fair value related to the instrument-specific credit risk, that is the entity’s own-credit, should be presented separately in other comprehensive income and not as a component of net income. The amendments are effective for the Company on January 1, 2018, with early adoption permitted solely for the instrument-specific credit risk for liabilities measured at fair value. The amendments must be applied on a modified retrospective basis with a cumulative effect adjustment as of the beginning of the fiscal year of initial adoption. For the year ended December 31, 2017, other comprehensive income includes $1.1 million of net unrealized gains on equity securities. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which addresses the financial reporting of leasing transactions. This update will require the recognition of a right-of-use asset and a corresponding lease liability, discounted to the present value, for all leases that extend beyond 12 months. For operating leases, the asset and liability will be expensed over the lease term on a straight-line basis, with all cash flows included in the operating section of the consolidated statement of cash flows. For finance leases, interest on the lease liability will be recognized separately from the amortization of the right-of-use asset in the consolidated statement of operations and the repayment of the principal portion of the lease liability will be classified as a financing activity while the interest component will be included in the operating section of the consolidated statement of cash flows. This ASU is effective for annual and interim reporting periods beginning after December 15, 2018. Early adoption is permitted. Management is currently evaluating the impact of the guidance. 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. 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, 2019. Early adoption is permitted for years beginning after December 15, 2018. Management is currently evaluating the impact of the guidance. 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 flows 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 is effective for annual and interim reporting periods beginning after December 15, 2017. Early adoption is permitted. This guidance is not expected to have a material impact on our consolidated statement of cash flows. In February 2018, the FASB issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220), Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“ASU 2018-02”) , which provides guidance on adjusting the impact of “stranded tax effects” in accumulated other comprehensive income (“AOCI”) due to the U.S. federal government enacting H.R.1, “An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018” (the “Act”) on December 22, 2017 (see Note 8). Prior to ASU 2018-02, the tax effect of unrealized gains and losses were valued at 34% and included in AOCI. When the Act was signed into law on December 22, 2017, it required companies to re-value the tax effect of all unrealized gains and losses using the new federal statutory rate of 21% with the resulting change recorded in the current income tax provision thus creating a “stranded tax effect.” ASU 2018-02 allows companies to early adopt the standard for year ends prior to December 15, 2018, but is not required. The standard would allow companies to make a one-time reclassification from AOCI to retained earnings for the stranded tax effects previously noted and requires certain other disclosures. The Company has not elected to early adopt this standard as of December 31, 2017.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2017 and 2016 were as follows (dollars in thousands): December 31, 2017 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Debt securities: U.S. Government $ 17,179 $ 10 $ (99 ) $ 17,090 State and local government 17,302 255 (54 ) 17,503 Corporate debt 38,947 170 (209 ) 38,908 Asset-backed securities 23,539 36 (35 ) 23,540 Mortgage-backed securities 33,942 38 (522 ) 33,458 Commercial mortgage-backed securities 3,532 3 (44 ) 3,491 Collateralized mortgage obligations 2,563 19 (36 ) 2,546 Total debt securities available for sale 137,004 531 (999 ) 136,536 Equity securities: 8,629 1,240 (182 ) 9,687 Total securities available for sale $ 145,633 $ 1,771 $ (1,181 ) $ 146,223 December 31, 2016 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Debt securities: U.S. Government $ 5,908 $ 31 $ (36 ) $ 5,903 State and local government 13,618 106 (205 ) 13,519 Corporate debt 34,105 205 (254 ) 34,056 Asset-backed securities 19,094 20 (13 ) 19,101 Mortgage-backed securities 33,423 64 (630 ) 32,857 Commercial mortgage-backed securities 4,760 14 (63 ) 4,711 Collateralized mortgage obligations 3,007 34 (25 ) 3,016 Total debt 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 Securities in 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): December 31, 2017 Less than 12 months Greater than 12 months Total No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses Debt securities: U.S. Government 12 $ 11,555 $ (64 ) 7 $ 2,207 $ (35 ) 19 $ 13,762 $ (99 ) State and local government 10 3,511 (20 ) 7 1,424 (34 ) 17 4,935 (54 ) Corporate debt 38 15,236 (46 ) 10 6,555 (163 ) 48 21,791 (209 ) Asset-backed securities 20 13,948 (29 ) 3 915 (6 ) 23 14,863 (35 ) Mortgage-backed securities 6 4,935 (19 ) 26 24,939 (503 ) 32 29,874 (522 ) Commercial mortgage-backed securities 3 2,026 (12 ) 2 722 (32 ) 5 2,748 (44 ) Collateralized mortgage obligations 8 1,870 (36 ) — — — 8 1,870 (36 ) Total debt securities available for sale 97 53,081 (226 ) 55 36,762 (773 ) 152 89,843 (999 ) Equity securities: Common stock 13 436 (75 ) 4 266 (107 ) 17 702 (182 ) Total equity securities available for sale 13 436 (75 ) 4 266 (107 ) 17 702 (182 ) Total securities 110 $ 53,517 $ (301 ) 59 $ 37,028 $ (880 ) 169 $ 90,545 $ (1,181 ) December 31, 2016 Less than 12 months Greater than 12 months Total No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses Debt securities: U.S. Government 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 ) Asset-backed securities 10 4,612 (13 ) 2 118 — 12 4,730 (13 ) Mortgage-backed securities 41 30,330 (630 ) — — — 41 30,330 (630 ) Commercial mortgage-backed securities 5 1,432 (54 ) 3 684 (9 ) 8 2,116 (63 ) Collateralized mortgage obligations 3 1,674 (25 ) — — — 3 1,674 (25 ) Total debt 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 )
Summary of Investment Income	The Company’s sources of net investment income are as follows (dollars in thousands): December 31, 2017 2016 2015 Debt securities $ 2,757 $ 2,370 $ 2,110 Equity securities 124 98 92 Cash and short-term investments 122 21 5 Total investment income 3,003 2,489 2,207 Investment expenses (275 ) (316 ) (305 ) Net investment income $ 2,728 $ 2,173 $ 1,902
Summary 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 debt securities and equity securities, as follows (dollars in thousands): December 31, 2017 2016 2015 Debt securities: Gross realized gains $ 32 $ 587 $ 92 Gross realized losses (8 ) (24 ) (6 ) Total debt securities 24 563 86 Equity securities: Gross realized gains 76 1,198 290 Gross realized losses (30 ) (396 ) (91 ) Total equity securities 46 802 199 Total net investment realized gains $ 70 $ 1,365 $ 285
Summary of Amortized Cost and Fair Value of Securities	The table below summarizes the amortized cost and fair value of available-for-sale debt securities by contractual maturity at December 31, 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 $ 10,015 $ 10,016 Due after one year through five years 41,111 41,027 Due after five years through ten years 12,293 12,396 Due after ten years 10,009 10,062 Securities with contractual maturities 73,428 73,501 Commercial mortgage and asset backed 63,576 63,035 Total debt securities $ 137,004 $ 136,536
Summary of Key Balances of the Affiliate	A summary of key balances of the Affiliate are presented below (dollars in thousands): December 31, 2017 2016 2015 Total assets $ 1,344 $ 3,516 $ 4,633 Total liabilities 1,310 3,612 4,944 Total shareholder's equity $ 34 $ (96 ) $ (311 ) For the year ended December 31, Total Revenue $ (275 ) $ (316 ) $ (305 ) Net Income 2,728 2,173 1,902

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 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, classified by the valuation hierarchy as of December 31, 2017 and 2016 (dollars in thousands): December 31, 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: Debt Securities: U.S. Government $ 17,090 $ — $ 17,090 $ — State and local government 17,503 — 17,503 — Corporate debt 38,908 — 38,908 — Asset-backed securities 23,540 — 23,540 — Mortgage-backed securities 33,458 — 33,458 — Commercial mortgage-backed securities 3,491 — 3,491 — Collateralized mortgage obligations 2,546 — 2,546 — Total debt securities 136,536 — 136,536 — Equity Securities 5,627 5,381 246 — Short-term investments 11,427 8,429 2,998 — Total investments measured at fair value $ 153,590 $ 13,810 $ 139,780 $ — Investments measured at NAV: Investment in limited partnership $ 4,060 Total investments measured at NAV $ 4,060 Total assets measured at fair value $ 157,650 Liabilities: Debt* $ 29,888 $ — $ — $ 29,888 Total Liabilities measured at fair value $ 29,888 $ — $ — $ 29,888 * Carried at cost or amortized cost on the consolidated balance sheet 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: Debt Securities: U.S. Government $ 5,903 $ — $ 5,903 $ — State and local government 13,519 — 13,519 — Corporate debt 34,056 — 34,056 — Asset-backed securities 19,101 — 19,101 — Mortgage-backed securities 32,857 — 32,857 — Commercial mortgage-backed securities 4,711 — 4,711 — Collateralized mortgage-backed securities 3,016 — 3,016 — Total debt 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: Senior debt* $ 17,750 $ — $ 17,750 $ — Total Liabilities measured at fair value $ 17,750 $ — $ 17,750 $ — * Carried at cost or amortized cost on the consolidated balance sheet

Deferred Policy Acquisition C34

Deferred Policy Acquisition Costs (Tables)	12 Months Ended
	Dec. 31, 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): December 31, 2017 2016 2015 Balance at beginning of period $ 13,290 $ 12,102 $ 5,679 Deferred policy acquisition costs 25,736 26,468 22,606 Amortization of policy acquisition costs (26,245 ) (25,280 ) (16,183 ) Net change (509 ) 1,188 6,423 Balance at end of period $ 12,781 $ 13,290 $ 12,102

Unpaid Losses and Loss Adjust35

Unpaid Losses and Loss Adjustment Expenses (Tables)	12 Months Ended
	Dec. 31, 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 recoverables from reinsurers, for the periods indicated as follows (dollars in thousands): 2017 2016 2015 Gross reserves - beginning of period $ 54,651 $ 35,422 $ 31,531 Less: reinsurance recoverables on unpaid losses 6,658 5,405 3,224 Net reserves - beginning of period 47,993 30,017 28,307 Add: incurred losses and loss adjustment expenses, net of reinsurance Current period 64,458 48,782 37,422 Prior period 9,459 10,221 1,460 Total net incurred losses and loss adjustment expenses 73,917 59,003 38,882 Deduct: loss and loss adjustment expense payments, net of reinsurance Current period 24,547 20,828 20,635 Prior period 29,533 20,199 16,537 Total net loss and loss adjustment expense payments 54,080 41,027 37,172 Net reserves - end of period 67,830 47,993 30,017 Plus: reinsurance recoverables on unpaid losses 20,066 6,658 5,405 Gross reserves - end of period $ 87,896 $ 54,651 $ 35,422
Short-duration Insurance Contracts, Claims Development	The following tables represent cumulative incurred loss and allocated loss adjustment expenses ("ALAE"), net of reinsurance, by accident year and cumulative paid loss and allocated loss adjustment expenses, net of reinsurance, by accident year, for the years ended December 31, 2009 to 2017, as well as total IBNR and the cumulative number of reported claims for the year ended December 31, 2017, by reportable segment and accident year (dollars in thousands). Commercial Lines Incurred loss and allocated loss adjustment expenses, net of reinsurance Total IBNR Cumulative number of reported claims Accident Year For the years ended December 31, 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2017 2017 2009 $11,400 $12,066 $10,312 $8,943 $8,232 $8,403 $8,359 $8,414 $8,442 $0 877 2010 7,346 8,568 7,255 6,357 6,170 6,074 6,207 6,292 — 771 2011 6,753 5,758 5,326 5,049 4,932 4,903 4,935 — 590 2012 7,745 6,421 6,288 6,384 6,253 6,190 40 560 2013 10,018 9,435 9,893 10,237 11,252 181 600 2014 19,709 19,907 22,711 26,367 754 1,740 2015 22,442 26,633 31,861 2,083 2,327 2016 32,396 34,935 6,078 3,462 2017 44,251 20,897 5,276 Total $174,525 Cumulative paid loss and allocated loss adjustment expenses, net of reinsurance Accident Year For the years ended December 31, 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2009 $4,436 $5,942 $6,410 $7,233 $7,800 $7,867 $7,933 $8,321 $8,441 2010 3,066 4,488 5,219 5,910 6,040 6,065 6,166 6,258 2011 2,645 3,534 3,964 4,449 4,641 4,744 4,872 2012 2,325 3,703 4,696 5,558 5,994 6,065 2013 3,979 6,211 7,643 8,622 10,147 2014 8,715 13,977 17,458 22,446 2015 10,470 17,817 22,549 2016 10,255 19,135 2017 12,448 Total 112,361 Unpaid losses and ALAE - years 2009 through 2017 62,164 Unpaid losses and ALAE - prior to 2009 (1)* 148 Unpaid ADC (6,065 ) Unpaid losses and ALAE, net of reinsurance $56,247 * Presented as unaudited required supplementary information. (1) The Company's formation was in 2009, however, as a result of the acquisition of WPIC in 2010, incurred losses prior to the 2009 accident year remain outstanding. Personal Lines Incurred loss and allocated loss adjustment expenses, net of reinsurance Total IBNR Cumulative number of reported claims Accident Year For the years ended December 31, 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2017 2017 2009 $667 $639 $634 $634 $634 $634 $634 $634 $634 $0 65 2010 320 188 184 184 184 184 184 184 — 77 2011 1,678 1,758 1,981 2,031 2,030 2,045 2,027 1 717 2012 9,960 11,690 11,740 12,159 12,390 12,365 17 3,328 2013 18,034 17,996 18,925 19,138 19,167 43 5,138 2014 17,951 17,471 17,735 17,880 49 3,660 2015 10,877 13,445 14,721 71 2,120 2016 11,619 13,418 202 1,806 2017 14,058 3,190 2,450 Total $94,454 Cumulative paid loss and allocated loss adjustment expenses, net of reinsurance Accident Year For the years ended December 31, 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2009 $537 $634 $634 $634 $634 $634 $634 $634 $634 2010 151 174 184 184 184 184 184 184 2011 787 1,292 1,633 1,859 1,983 2,021 2,024 2012 5,665 9,251 10,844 11,777 12,202 12,306 2013 9,955 15,883 18,052 18,600 19,014 2014 12,819 16,515 17,260 17,746 2015 7,771 11,873 13,844 2016 7,119 11,238 2017 8,320 Total 85,310 Unpaid losses and ALAE - years 2009 through 2017 9,144 Unpaid losses and ALAE - prior to 2009 (1)* — Unpaid ADC (1,132 ) Unpaid losses and ALAE, net of reinsurance $8,012 * Presented as unaudited required supplementary information. Total Lines Incurred loss and allocated loss adjustment expenses, net of reinsurance Total IBNR Cumulative number of reported claims Accident Year For the years ended December 31, 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2017 2017 2009 $12,066 $12,705 $10,946 $9,577 $8,866 $9,037 $8,993 $9,048 $9,076 $0 942 2010 7,666 8,756 7,439 6,541 6,354 6,258 6,391 6,476 — 848 2011 8,431 7,517 7,307 7,081 6,963 6,949 6,964 1 1,307 2012 17,705 18,111 18,028 18,544 18,642 18,554 57 3,888 2013 28,052 27,431 28,817 29,375 30,419 224 5,738 2014 37,660 37,378 40,446 44,247 803 5,400 2015 33,319 40,078 46,581 2,154 4,447 2016 44,015 48,353 6,280 5,268 2017 58,309 24,087 7,726 Total $268,979 Cumulative paid loss and allocated loss adjustment expenses, net of reinsurance Accident Year For the years ended December 31, 2009* 2010* 2011* 2012* 2013* 2014* 2015* 2016 2017 2009 $4,973 $6,576 $7,043 $7,867 $8,434 $8,501 $8,567 $8,955 $9,075 2010 3,217 4,662 5,403 6,094 6,223 6,248 6,350 6,442 2011 3,432 4,826 5,597 6,308 6,624 6,766 6,897 2012 7,990 12,954 15,540 17,335 18,195 18,369 2013 13,934 22,094 25,695 27,223 29,162 2014 21,534 30,492 34,718 40,192 2015 18,241 29,690 36,393 2016 17,374 30,373 2017 20,768 Total 197,671 Unpaid losses and ALAE - years 2009 through 2017 71,308 Unpaid losses and ALAE - prior to 2009 (1)* 148 Unpaid ADC (7,197 ) Unpaid losses and ALAE, net of reinsurance $64,259 * Presented as unaudited required supplementary information.
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability	The following table reconciles the claim development information to the consolidated balance sheet for the year ended December 31, 2017 , by reportable segment (dollars in thousands). December 31, 2017 Net outstanding liabilities for unpaid claims and ALAE Commercial Lines $ 56,247 Personal Lines 8,012 Liabilities for unpaid claims and ALAE, net of reinsurance 64,259 Reinsurance recoverable on unpaid claims Commercial Lines 17,265 Personal Lines 2,801 Total reinsurance recoverable on unpaid claims 20,066 ULAE Expense 3,571 Total gross liability for unpaid claims and LAE $ 87,896
Loss Duration Schedule	The following table represents the average annual percentage payout of incurred losses by age, net of reinsurance, for each reportable segment. Average annual percentage payout of incurred losses by age, net of reinsurance Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10+ Commercial Lines 34.6 % 21.7 % 18.0 % 12.3 % 6.4 % 3.4 % 1.9 % 1.0 % 0.6 % 0.1 % Personal Lines 60.8 % 19.3 % 10.8 % 4.9 % 2.6 % 1.5 % 0.1 % — % — % — % Total Lines 37.9 % 21.4 % 17.1 % 11.4 % 6.0 % 3.1 % 1.7 % 0.8 % 0.5 % 0.1 %

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2017
Reinsurance Disclosures [Abstract]
Summary of the Effects of Reinsurance	The Company assumed $28.0 million , $25.0 million, and $2.5 million of written premiums under the insurance fronting arrangements for the years ended ended December 31, 2017 , 2016 , and 2015 , respectively. The following table presents the effects of such reinsurance and assumption transactions on written premiums, earned premiums and losses and LAE (dollars in thousands). The 2017 ceded written and earned premium amounts include $806,000 of reinsurance reinstatement costs relating to Hurricane Irma: Year Ended December 31, 2017 2016 2015 Written premiums: Direct $ 86,251 $ 89,915 $ 90,503 Assumed 28,033 25,008 3,247 Ceded (23,044 ) (14,994 ) (14,076 ) Net written premiums $ 91,240 $ 99,929 $ 79,674 Earned premiums: Direct $ 87,656 $ 90,660 $ 82,614 Assumed 27,081 14,053 6,602 Ceded (23,008 ) (15,086 ) (22,451 ) Net earned premiums $ 91,729 $ 89,627 $ 66,765 Loss and loss adjustment expenses: Direct $ 79,035 $ 59,940 $ 43,989 Assumed 19,524 11,955 2,756 Ceded (24,642 ) (12,892 ) (7,863 ) Net Loss and loss adjustment expenses $ 73,917 $ 59,003 $ 38,882

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Outstanding Senior Debt	December 31, 2017 2016 Subordinated Debt $ 29,027 $ — Revolver — 10,500 Term Note — 1,750 2014 Term Note — 5,500 Total $ 29,027 $ 17,750

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense (Benefit)	The income tax expense (benefit) is comprised of the following (dollars in thousands): Year Ended December 31, 2017 2016 2015 Current tax expense (benefit) $ (28 ) $ 70 $ 48 Deferred tax expense (benefit) (419 ) (147 ) — Total income tax expense (benefit) $ (447 ) $ (77 ) $ 48
Summary of Income Tax Expense (Benefit) Reconciliation	The income tax expense (benefit) differed from the amounts computed by applying the statutory U.S. federal income tax rate of 34% to pretax income as a result of the following (dollars in thousands): Year Ended December 31, 2017 2016 2015 Income (loss) before income taxes $ (22,054 ) $ (8,643 ) $ 83 Statutory U.S. federal income tax rate (7,498 ) (2,939 ) 28 State income taxes, net of federal benefit (106 ) (3 ) (72 ) Tax‑exempt investment income and dividend received deduction (123 ) (106 ) (116 ) Nondeductible meals and entertainment 54 61 45 Valuation allowance on deferred tax assets 1,515 2,808 (2,050 ) Net operating loss write-off — — 2,150 Change in federal tax rate 5,612 — — Other 99 102 63 Income tax expense (benefit) $ (447 ) $ (77 ) $ 48 Effective tax rate 2.0 % 0.9 % 57.8 %
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below (dollars in thousands): December 31, 2017 2016 Deferred tax assets: Discounted unpaid losses and loss adjustment expenses $ 1,026 $ 715 Unearned premiums 2,576 4,085 Net operating loss carryforwards 9,147 7,757 State net operating loss carryforwards 385 223 Other 135 203 Gross deferred tax assets 13,269 12,983 Less valuation allowance (9,904 ) (8,389 ) Total deferred tax assets, net of allowance 3,365 4,594 Deferred tax liabilities: Investment basis difference 19 45 Unrealized gains on investments 124 (156 ) Deferred policy acquisition costs 2,684 4,519 Intangible assets 107 163 Property and equipment 85 202 Other 461 — Total deferred tax liabilities 3,480 4,773 Net deferred tax liability $ (115 ) $ (179 )

Statutory Financial Data, Ris39

Statutory Financial Data, Risk-Based Capital and Dividend Restrictions (Tables)	12 Months Ended
	Dec. 31, 2017
Insurance [Abstract]
Summary of Statutory Basis Information	Summarized 2017 , 2016 and 2015 statutory basis information for the non-captive Insurance Company Subsidiaries, which differs from generally accepted accounting principles, is as follows (dollars in thousands). On December 30, 2016, the Company's wholly owned subsidiary, ACIC was merged into WPIC. As a result, 2017 and 2016 statutory data is shown for the remaining two Insurance Company Subsidiaries, while 2015 data is shown for the prior three Insurance Company Subsidiaries, (dollars in thousands). Conifer White Pine 2017: Statutory capital and surplus $ 35,848 $ 26,075 RBC authorized control level 8,873 6,224 Statutory net income (loss) (6,993 ) (13,737 ) RBC % 404 % 419 % Conifer White Pine 2016: Statutory capital and surplus $ 29,539 $ 32,391 RBC authorized control level 6,676 6,583 Statutory net income (loss) (2,782 ) (1,209 ) RBC % 442 % 492 % Conifer American Colonial White Pine 2015: Statutory capital and surplus $ 30,637 $ 22,523 $ 17,452 RBC authorized control level 5,390 2,809 2,978 Statutory net income (loss) 387 (2,278 ) 784 RBC % 569 % 802 % 585 %

Accumulated Other Comprehensi40

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 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 (in thousands): Year Ended 2017 2016 Balance at beginning of period $ (1,080 ) $ 182 Other comprehensive income (loss) before reclassifications 795 (2,139 ) Less: amounts reclassified from accumulated other comprehensive income (loss) 78 (877 ) Net current period other comprehensive income (loss) 717 (1,262 ) Balance at end of period $ (363 ) $ (1,080 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 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 (in thousands, except share and per share amounts): Year Ended 2017 2016 2015 Net income (loss) attributable to Conifer $ (21,542 ) $ (8,437 ) $ 64 Preferred stock dividends — — 384 Paid-in-kind dividends — — 156 Net income (loss) allocable to common shareholders $ (21,542 ) $ (8,437 ) $ (476 ) Weighted average common shares, basic and diluted* 7,867,344 7,618,588 5,369,960 Earnings (loss) per share allocable to common, basic and diluted $ (2.74 ) $ (1.11 ) $ (0.09 ) * The non-vested shares of the restricted stock units were anti-dilutive as of December 31, 2017 , 2016, and 2015. Therefore, the basic and diluted weighted average common shares are equal as of December 31, 2017 , 2016, and 2015.

Stock-based Compensation (Table

Stock-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Nonvested Restricted Stock Units Activity	The following summarizes our RSU activity (units in thousands): Number of Units Weighted Average Grant-Date Fair Value Outstanding at August 12, 2015 (IPO) — $ — Units granted 390 10.48 Outstanding at December 31, 2015 390 $ 10.48 Units granted 111 8.17 Units vested (77 ) 10.48 Units forfeited (8 ) 9.95 Outstanding at December 31, 2016 416 $ 9.87 Units granted — — Units vested (95 ) 9.97 Units forfeited (14 ) 9.94 Outstanding at December 31, 2017 307 $ 9.84
Vesting Schedule for Restricted Stock Units	The scheduled vesting for the restricted stock units at December 31, 2017 was as follows (in thousands): 2018 2019 2020 2021 Total Scheduled vesting - RSUs 95 95 95 22 307

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	The future minimum rental payments under non-cancelable operating leases as of December 31, 2017 , are as follows (in thousands): Years Ending December 31, Amount 2018 $ 940 2019 865 2020 837 2021 726 2022 636 2023 and thereafter 1,079 Total future minimum rental payments $ 5,083

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Schedule of Information by Reportable Segment	The following table summarizes our net earned premiums: Net Earned Premium 2017 2016 2015 Commercial 84 % 77 % 73 % Personal 16 % 23 % 27 % Total 100 % 100 % 100 % The following tables present information by reportable segment (dollars in thousands): Year Ended December 31, 2017 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 92,112 $ 22,172 $ — $ 114,284 Net written premiums $ 78,217 $ 13,023 $ — $ 91,240 Net earned premiums $ 76,786 $ 14,943 $ — $ 91,729 Other income 628 780 152 1,560 Segment revenue 77,414 15,723 152 93,289 Loss and loss adjustment expenses, net 55,701 18,216 — 73,917 Policy acquisition costs 20,470 5,775 — 26,245 Operating expenses 11,339 2,570 3,458 17,367 Segment expenses 87,510 26,561 3,458 117,529 Segment underwriting gain (loss) $ (10,096 ) $ (10,838 ) $ (3,306 ) $ (24,240 ) Investment income 2,728 2,728 Net realized investment gains 70 70 Other gains (losses) 750 750 Interest expense (1,362 ) (1,362 ) Income (loss) before income taxes $ (1,120 ) $ (22,054 ) Selected Balance Sheet Data: Deferred policy acquisition costs $ 10,116 $ 2,665 $ — $ 12,781 Unearned premiums 45,951 11,721 — 57,672 Loss and loss adjustment expense reserves 76,586 11,310 — 87,896 Year Ended December 31, 2016 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 88,242 $ 26,681 $ — $ 114,923 Net written premiums $ 78,439 $ 21,490 $ — $ 99,929 Net earned premiums $ 68,921 $ 20,706 $ — $ 89,627 Other income 378 558 182 1,118 Segment revenue 69,299 21,264 182 90,745 Loss and loss adjustment expenses, net 42,441 16,562 — 59,003 Policy acquisition costs 18,560 6,720 — 25,280 Operating expenses 6,767 2,911 7,918 17,596 Segment expenses 67,768 26,193 7,918 101,879 Segment underwriting gain (loss) $ 1,531 $ (4,929 ) $ (7,736 ) $ (11,134 ) Investment income 2,173 2,173 Net realized investment gains 1,365 1,365 Other gains (losses) (400 ) (400 ) Interest expense (647 ) (647 ) Income (loss) before income taxes $ (5,245 ) $ (8,643 ) Selected Balance Sheet Data: Deferred policy acquisition costs $ 10,156 $ 3,134 $ — $ 13,290 Unearned premiums 44,484 13,642 — 58,126 Loss and loss adjustment expense reserves 46,917 7,734 — 54,651 Year Ended December 31, 2015 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 68,197 $ 25,553 $ — $ 93,750 Net written premiums $ 58,157 $ 21,517 $ — $ 79,674 Net earned premiums $ 48,586 $ 18,179 $ — $ 66,765 Other income 1,099 489 79 1,667 Segment revenue 49,685 18,668 79 68,432 Loss and loss adjustment expenses, net 25,730 13,152 — 38,882 Policy acquisition costs 11,937 4,246 — 16,183 Operating expenses 4,983 3,305 6,518 14,806 Segment expenses 42,650 20,703 6,518 69,871 Segment underwriting gain (loss) $ 7,035 $ (2,035 ) $ (6,439 ) $ (1,439 ) Investment income 1,902 1,902 Net realized investment gains 285 285 Other gains (losses) 104 104 Interest expense (769 ) (769 ) Income (loss) before income taxes $ (4,917 ) $ 83 Selected Balance Sheet Data: Deferred policy acquisition costs $ 8,401 $ 3,701 $ — $ 12,102 Unearned premiums 33,337 14,579 — 47,916 Loss and loss adjustment expense reserves 29,739 5,683 — 35,422

Quarterly Financial Data (Una45

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Summary of Quarterly Financial Results	The following is a summary of quarterly results of operations for 2017 and 2016 (in thousands, except per share and ratio data). The fluctuations between periods and changes in reserves, as disclosed in Note 5, are due to the normal fluctuations in operations from quarter to quarter. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2017: Gross written premiums $ 26,474 $ 26,981 $ 29,581 $ 31,247 Net written premiums $ 22,324 $ 23,082 $ 18,395 $ 27,439 Net earned premiums $ 24,140 $ 24,497 $ 17,659 $ 25,433 Net investment income 577 663 768 720 Net realized gains (8 ) — 39 39 Other gains (losses) — 750 — — Other income 354 372 477 357 Losses and loss adjustment expenses, net 15,733 16,674 26,468 15,042 Policy acquisition costs 6,472 6,428 6,655 6,690 Operating expenses 4,530 4,370 4,474 3,993 Interest expense 224 219 303 616 Income tax (benefit) expense 6 (282 ) (135 ) (36 ) Equity earnings (losses) in affiliates, net of tax 104 60 (76 ) (23 ) Net income (loss) $ (1,798 ) $ (1,067 ) $ (18,898 ) $ 221 Diluted earnings (loss) per common share (1) $ (0.24 ) $ (0.14 ) $ (2.46 ) $ 0.03 Combined ratio (2) 109.1 % 110.4 % 207.3 % 99.7 % 2016: Gross written premiums $ 25,393 $ 29,725 $ 28,497 $ 31,308 Net written premiums $ 22,050 $ 26,176 $ 24,634 $ 27,069 Net earned premiums $ 20,109 $ 21,675 $ 23,380 $ 24,463 Net investment income 537 528 560 548 Net realized gains (8 ) 541 71 761 Other gains (losses) — — — (400 ) Other income 245 283 303 287 Losses and loss adjustment expenses, net 12,699 13,541 14,582 18,181 Policy acquisition costs 6,003 6,014 6,266 6,997 Operating expenses 4,139 4,536 4,710 4,211 Interest expense 157 143 168 179 Income tax (benefit) expense — (623 ) 16 530 Equity losses in affiliates, net of tax 87 71 (47 ) 18 Net income (loss) $ (2,028 ) $ (513 ) $ (1,475 ) $ (4,421 ) Diluted earnings (loss) per common share (1) $ (0.27 ) $ (0.07 ) $ (0.19 ) $ (0.58 ) Combined ratio (2) 112.2 % 109.7 % 107.9 % 118.7 % (1) Due to the changes in the equity structure of the Company (Note ~ 10 Shareholders' Equity) the weighted average common shares outstanding has fluctuated over the past two years and therefore the quarterly diluted earnings (loss) per common share does not total the full-year earnings (loss) per common share stated on the face of the Consolidated Statements of Operations. (2) The combined ratio is the sum of the loss ratio and the expense ratio. The loss ratio is the ratio, expressed as a percentage, of net losses and LAE to net premiums earned and other income. The expense ratio is the ratio, expressed as a percentage, of policy acquisition costs and operating expenses to net earned premiums and other income.

Summary of Significant Accoun46

Summary of Significant Accounting Policies (Details)	1 Months Ended	12 Months Ended
	Aug. 31, 2015$ / sharesshares	Dec. 31, 2017USD ($)class_businessstate	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 29, 2015
Subsidiary, Sale of Stock [Line Items]
Number of business classes | class_business		2
Number of states in which entity operates | state		50
Ownership percentage					50.00%
Unrecognized tax benefits		$ 0	$ 0
Income tax penalties and interest accrued		0	0
Unrealized investment gains (losses), net of tax		795,000	$ (2,139,000)	$ (274,000)
IPO
Subsidiary, Sale of Stock [Line Items]
Stock issued during period (in shares) | shares	3,300,000
IPO | Chief Executive Officer
Subsidiary, Sale of Stock [Line Items]
Stock issued during period (in shares) | shares	100,000
Price per share (in dollars per share) | $ / shares	$ 10.50
Equity securities
Subsidiary, Sale of Stock [Line Items]
Unrealized investment gains (losses), net of tax		$ 1,100,000

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales of investments	$ 10.9	$ 44.3	$ 10.6
Deposits in trust accounts to meet requirements of state insurance departments	8.2	9.6
Deposits in trust accounts to meet collateral requirements with reinsurers	$ 18.4	$ 10.3

Investments - Available-for-sal

Investments - Available-for-sale Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Debt securities:
Total debt securities available for sale	$ 137,004	$ 113,915
Fixed maturity securities, Gross Unrealized Gain	531	474
Fixed maturity securities, Gross Unrealized Loss	(999)	(1,226)
Total debt securities, estimated fair value	136,536	113,163
Equity securities:
Equity securities, Amortized Cost	8,629	4,283
Equity securities, Gross Unrealized Gain	1,240	366
Equity securities, Gross Unrealized Loss	(182)	(70)
Equity securities, Estimated Fair Value	9,687	4,579
Securities, Cost or Amortized Cost	145,633	118,198
Securities, Gross Unrealized Gain	1,771	840
Securities, Gross Unrealized Loss	(1,181)	(1,296)
Securities, Estimated Fair Value	146,223	117,742
U.S. Government
Debt securities:
Total debt securities available for sale	17,179	5,908
Fixed maturity securities, Gross Unrealized Gain	10	31
Fixed maturity securities, Gross Unrealized Loss	(99)	(36)
Total debt securities, estimated fair value	17,090	5,903
State and local government
Debt securities:
Total debt securities available for sale	17,302	13,618
Fixed maturity securities, Gross Unrealized Gain	255	106
Fixed maturity securities, Gross Unrealized Loss	(54)	(205)
Total debt securities, estimated fair value	17,503	13,519
Corporate debt
Debt securities:
Total debt securities available for sale	38,947	34,105
Fixed maturity securities, Gross Unrealized Gain	170	205
Fixed maturity securities, Gross Unrealized Loss	(209)	(254)
Total debt securities, estimated fair value	38,908	34,056
Asset-backed securities
Debt securities:
Total debt securities available for sale	23,539	19,094
Fixed maturity securities, Gross Unrealized Gain	36	20
Fixed maturity securities, Gross Unrealized Loss	(35)	(13)
Total debt securities, estimated fair value	23,540	19,101
Mortgage-backed securities
Debt securities:
Total debt securities available for sale	33,942	33,423
Fixed maturity securities, Gross Unrealized Gain	38	64
Fixed maturity securities, Gross Unrealized Loss	(522)	(630)
Total debt securities, estimated fair value	33,458	32,857
Commercial mortgage-backed securities
Debt securities:
Total debt securities available for sale	3,532	4,760
Fixed maturity securities, Gross Unrealized Gain	3	14
Fixed maturity securities, Gross Unrealized Loss	(44)	(63)
Total debt securities, estimated fair value	3,491	4,711
Collateralized mortgage obligations
Debt securities:
Total debt securities available for sale	2,563	3,007
Fixed maturity securities, Gross Unrealized Gain	19	34
Fixed maturity securities, Gross Unrealized Loss	(36)	(25)
Total debt securities, estimated fair value	$ 2,546	$ 3,016

Investments - Available-for-s49

Investments - Available-for-sale Securities in Unrealized Loss Positions (Details) $ in Thousands	Dec. 31, 2017USD ($)security	Dec. 31, 2016USD ($)security
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, number of issues | security	110	201
Greater than 12 months, number of issues | security	59	15
Number of Issues | security	169	216
Fair Value of Investments with Unrealized Losses
Less than 12 months, fair value	$ 53,517	$ 62,307
Greater than 12 months, fair value	37,028	4,341
Fair Value	90,545	66,648
Gross Unrealized Losses
Less than 12 months, unrealized losses	(301)	(1,260)
Greater than 12 months, unrealized losses	(880)	(36)
Unrealized losses	$ (1,181)	$ (1,296)
U.S. Government
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, number of issues | security	12	15
Greater than 12 months, number of issues | security	7	0
Number of Issues | security	19	15
Fair Value of Investments with Unrealized Losses
Less than 12 months, fair value	$ 11,555	$ 4,539
Greater than 12 months, fair value	2,207	0
Fair Value	13,762	4,539
Gross Unrealized Losses
Less than 12 months, unrealized losses	(64)	(36)
Greater than 12 months, unrealized losses	(35)	0
Unrealized losses	$ (99)	$ (36)
State and local government
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, number of issues | security	10	29
Greater than 12 months, number of issues | security	7	1
Number of Issues | security	17	30
Fair Value of Investments with Unrealized Losses
Less than 12 months, fair value	$ 3,511	$ 8,217
Greater than 12 months, fair value	1,424	104
Fair Value	4,935	8,321
Gross Unrealized Losses
Less than 12 months, unrealized losses	(20)	(202)
Greater than 12 months, unrealized losses	(34)	(3)
Unrealized losses	$ (54)	$ (205)
Corporate debt
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, number of issues | security	38	22
Greater than 12 months, number of issues | security	10	7
Number of Issues | security	48	29
Fair Value of Investments with Unrealized Losses
Less than 12 months, fair value	$ 15,236	$ 9,031
Greater than 12 months, fair value	6,555	3,369
Fair Value	21,791	12,400
Gross Unrealized Losses
Less than 12 months, unrealized losses	(46)	(239)
Greater than 12 months, unrealized losses	(163)	(15)
Unrealized losses	$ (209)	$ (254)
Asset-backed securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, number of issues | security	20	10
Greater than 12 months, number of issues | security	3	2
Number of Issues | security	23	12
Fair Value of Investments with Unrealized Losses
Less than 12 months, fair value	$ 13,948	$ 4,612
Greater than 12 months, fair value	915	118
Fair Value	14,863	4,730
Gross Unrealized Losses
Less than 12 months, unrealized losses	(29)	(13)
Greater than 12 months, unrealized losses	(6)	0
Unrealized losses	$ (35)	$ (13)
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, number of issues | security	6	41
Greater than 12 months, number of issues | security	26	0
Number of Issues | security	32	41
Fair Value of Investments with Unrealized Losses
Less than 12 months, fair value	$ 4,935	$ 30,330
Greater than 12 months, fair value	24,939	0
Fair Value	29,874	30,330
Gross Unrealized Losses
Less than 12 months, unrealized losses	(19)	(630)
Greater than 12 months, unrealized losses	(503)	0
Unrealized losses	$ (522)	$ (630)
Commercial mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, number of issues | security	3	5
Greater than 12 months, number of issues | security	2	3
Number of Issues | security	5	8
Fair Value of Investments with Unrealized Losses
Less than 12 months, fair value	$ 2,026	$ 1,432
Greater than 12 months, fair value	722	684
Fair Value	2,748	2,116
Gross Unrealized Losses
Less than 12 months, unrealized losses	(12)	(54)
Greater than 12 months, unrealized losses	(32)	(9)
Unrealized losses	$ (44)	$ (63)
Collateralized mortgage obligations
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, number of issues | security	8	3
Greater than 12 months, number of issues | security	0	0
Number of Issues | security	8	3
Fair Value of Investments with Unrealized Losses
Less than 12 months, fair value	$ 1,870	$ 1,674
Greater than 12 months, fair value	0	0
Fair Value	1,870	1,674
Gross Unrealized Losses
Less than 12 months, unrealized losses	(36)	(25)
Greater than 12 months, unrealized losses	0	0
Unrealized losses	$ (36)	$ (25)
Debt securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, number of issues | security	97	125
Greater than 12 months, number of issues | security	55	13
Number of Issues | security	152	138
Fair Value of Investments with Unrealized Losses
Less than 12 months, fair value	$ 53,081	$ 59,835
Greater than 12 months, fair value	36,762	4,275
Fair Value	89,843	64,110
Gross Unrealized Losses
Less than 12 months, unrealized losses	(226)	(1,199)
Greater than 12 months, unrealized losses	(773)	(27)
Unrealized losses	$ (999)	$ (1,226)
Common Stock
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, number of issues | security	13	76
Greater than 12 months, number of issues | security	4	2
Number of Issues | security	17	78
Fair Value of Investments with Unrealized Losses
Less than 12 months, fair value	$ 436	$ 2,472
Greater than 12 months, fair value	266	66
Fair Value	702	2,538
Gross Unrealized Losses
Less than 12 months, unrealized losses	(75)	(61)
Greater than 12 months, unrealized losses	(107)	(9)
Unrealized losses	$ (182)	$ (70)

Investments - Net Investment In

Investments - Net Investment Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Net Investment Income [Line Items]
Investment income									$ 3,003	$ 2,489	$ 2,207
Investment expenses									(275)	(316)	(305)
Net investment income	$ 720	$ 768	$ 663	$ 577	$ 548	$ 560	$ 528	$ 537	2,728	2,173	1,902
Debt securities
Net Investment Income [Line Items]
Investment income									2,757	2,370	2,110
Equity securities
Net Investment Income [Line Items]
Investment income									124	98	92
Cash and short-term investments
Net Investment Income [Line Items]
Investment income									$ 122	$ 21	$ 5

Investments - Gross Realized Ga

Investments - Gross Realized Gains and Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Total net realized investment gains	$ 70	$ 1,365	$ 285
Debt securities
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	32	587	92
Gross realized losses	(8)	(24)	(6)
Total net realized investment gains	24	563	86
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	76	1,198	290
Gross realized losses	(30)	(396)	(91)
Total net realized investment gains	$ 46	$ 802	$ 199

Investments - Available-for-s52

Investments - Available-for-sale Fixed Maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Amortized Cost
Due in one year or less	$ 10,015
Due after one year through five years	41,111
Due after five years through ten years	12,293
Due after ten years	10,009
Securities with contractual maturities	73,428
Commercial mortgage and asset backed	63,576
Total debt securities available for sale	137,004	$ 113,915
Estimated Fair Value
Due in one year or less	10,016
Due after one year through five years	41,027
Due after five years through ten years	12,396
Due after ten years	10,062
Securities with contractual maturities	73,501
Commercial mortgage and asset backed	63,035
Total debt securities, estimated fair value	$ 136,536	$ 113,163

Investments - Investment in Aff

Investments - Investment in Affiliate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Ownership percentage	50.00%
Total assets	$ 1,344	$ 3,516	$ 4,633
Total liabilities	1,310	3,612	4,944
Total shareholder's equity	34	(96)	(311)
Total Revenue	(275)	(316)	(305)
Net Income	$ 2,728	$ 2,173	$ 1,902

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	$ 136,536	$ 113,163
Equity Securities	9,687	4,579
Short-term investments	11,427	10,788
Total investments measured at fair value	153,590
Total investments measured at NAV	4,060
Total assets measured at fair value	157,650	128,530
Total Liabilities measured at fair value	29,888	17,750
Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	29,888	17,750
U.S. Government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	17,090	5,903
State and local government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	17,503	13,519
Corporate debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	38,908	34,056
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	23,540	19,101
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	33,458	32,857
Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	3,491	4,711
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	2,546	3,016
Debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	136,536	113,163
Common Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities	5,627	4,579
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	8,429	10,788
Total investments measured at fair value	13,810
Total assets measured at fair value		15,257
Total Liabilities measured at fair value		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Common Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities	5,381	4,469
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	2,998
Total investments measured at fair value	139,780
Total assets measured at fair value		113,273
Total Liabilities measured at fair value		17,750
Significant Other Observable Inputs (Level 2) | Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt		17,750
Significant Other Observable Inputs (Level 2) | U.S. Government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	17,090	5,903
Significant Other Observable Inputs (Level 2) | State and local government
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	17,503	13,519
Significant Other Observable Inputs (Level 2) | Corporate debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	38,908	34,056
Significant Other Observable Inputs (Level 2) | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	23,540	19,101
Significant Other Observable Inputs (Level 2) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	33,458	32,857
Significant Other Observable Inputs (Level 2) | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	3,491	4,711
Significant Other Observable Inputs (Level 2) | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	2,546	3,016
Significant Other Observable Inputs (Level 2) | Debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	136,536	113,163
Significant Other Observable Inputs (Level 2) | Common Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities	246	110
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Liabilities measured at fair value	29,888	0
Significant Unobservable Inputs (Level 3) | Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	29,888
Significant Unobservable Inputs (Level 3) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	0	0
Significant Unobservable Inputs (Level 3) | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	0	0
Significant Unobservable Inputs (Level 3) | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt securities, estimated fair value	0	$ 0
Partnership Interest
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total investments measured at NAV	$ 4,060

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	Dec. 31, 2017
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Percentage of the fair value of the total investment portfolio (percentage)	8.80%
Significant Other Observable Inputs (Level 2)
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Percentage of the fair value of the total investment portfolio (percentage)	88.70%

Deferred Policy Acquisition C56

Deferred Policy Acquisition Costs - Activity in Deferred Policy Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance at beginning of period				$ 13,290				$ 12,102	$ 13,290	$ 12,102	$ 5,679
Deferred policy acquisition costs									25,736	26,468	22,606
Amortization of policy acquisition costs	$ (6,690)	$ (6,655)	$ (6,428)	$ (6,472)	$ (6,997)	$ (6,266)	$ (6,014)	$ (6,003)	(26,245)	(25,280)	(16,183)
Net change									(509)	1,188	6,423
Balance at end of period	$ 12,781				$ 13,290				$ 12,781	$ 13,290	$ 12,102

Unpaid Losses and Loss Adjust57

Unpaid Losses and Loss Adjustment Expenses - Changes in the Liability for Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Gross reserves - beginning of period				$ 54,651,000				$ 35,422,000	$ 54,651,000	$ 35,422,000	$ 31,531,000
Less: reinsurance recoverables on unpaid losses				6,658,000				5,405,000	6,658,000	5,405,000	3,224,000
Net reserves - beginning of period				47,993,000				30,017,000	47,993,000	30,017,000	28,307,000
Add: incurred losses and loss adjustment expenses, net of reinsurance
Current period									64,458,000	48,782,000	37,422,000
Prior period	$ 33,000								9,459,000	10,221,000	1,460,000
Net Loss and loss adjustment expenses	15,042,000	$ 26,468,000	$ 16,674,000	$ 15,733,000	$ 18,181,000	$ 14,582,000	$ 13,541,000	$ 12,699,000	73,917,000	59,003,000	38,882,000
Deduct: loss and loss adjustment expense payments, net of reinsurance
Current period									24,547,000	20,828,000	20,635,000
Prior period									29,533,000	20,199,000	16,537,000
Total net loss and loss adjustment expense payments									54,080,000	41,027,000	37,172,000
Net reserves - end of period	67,830,000				47,993,000				67,830,000	47,993,000	30,017,000
Plus: reinsurance recoverables on unpaid losses	20,066,000				6,658,000				20,066,000	6,658,000	5,405,000
Gross reserves - end of period	$ 87,896,000				$ 54,651,000				$ 87,896,000	$ 54,651,000	$ 35,422,000

Unpaid Losses and Loss Adjust58

Unpaid Losses and Loss Adjustment Expenses - Narrative (Details) - USD ($)	Dec. 31, 2017	Sep. 28, 2017	Jun. 30, 2017	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments				$ 33,000									$ 9,459,000	$ 10,221,000	$ 1,460,000
Unpaid losses and loss adjustment expenses	$ 87,896,000			87,896,000				$ 54,651,000					87,896,000	54,651,000	35,422,000	$ 31,531,000
Amount ceded													23,008,000	15,086,000	22,451,000
Losses and loss adjustment expenses, net				15,042,000	$ 26,468,000	$ 16,674,000	$ 15,733,000	$ 18,181,000	$ 14,582,000	$ 13,541,000	$ 12,699,000		73,917,000	59,003,000	38,882,000
Offset amount															660,000
Commercial Lines
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments												$ 5,100,000	$ 7,180,000	4,100,000
Catastrophe losses incurred (percentage)													34.00%
Personal Automobile Line
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments													$ 2,300,000	800,000	1,200,000
Catastrophe losses incurred (percentage)													66.00%
Commercial Automobile Line
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments												500,000		2,700,000	835,000
Wind-exposed Homeowners
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments														2,700,000	121,000
Commercial Multi-peril
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments												1,600,000
Florida Homeowners
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments												$ 1,700,000
Adverse Development Cover Reinsurance Agreement
Liability for Claims and Claims Adjustment Expense [Line Items]
Amount reinsured	17,500,000	$ 17,500,000	$ 1,400,000
Reinsurance agreement, quota share (percentage)		10.00%
Amount ceded				2,100,000									$ 7,190,000
Amount retained (excess of)			36,600,000										10,300,000
Catastrophe Reinsurance Treaty
Liability for Claims and Claims Adjustment Expense [Line Items]
Amount reinsured													4,000,000
Amount ceded													5,200,000
Ceded Premiums Payable	$ 806,000			$ 806,000									806,000
Hurricane
Liability for Claims and Claims Adjustment Expense [Line Items]
Losses and loss adjustment expenses, net													5,400,000
Minimum | Adverse Development Cover Reinsurance Agreement
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			36,600,000
Maximum
Liability for Claims and Claims Adjustment Expense [Line Items]
Amount retained (excess of)													$ 500,000	$ 500,000	$ 500,000
Maximum | Adverse Development Cover Reinsurance Agreement
Liability for Claims and Claims Adjustment Expense [Line Items]
Amount reinsured		17,500,000
Reinsurance retention policy carried reserves threshold		$ 19,500,000
Unpaid losses and loss adjustment expenses			$ 57,500,000			$ 57,500,000

Unpaid Losses and Loss Adjust59

Unpaid Losses and Loss Adjustment Expenses - Loss Development (Details) $ in Thousands	Dec. 31, 2017USD ($)claim	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Dec. 31, 2011USD ($)	Dec. 31, 2010USD ($)	Dec. 31, 2009USD ($)
Claims Development [Line Items]
Incurred	$ 268,979
Cumulative Paid	197,671
Unpaid losses and ALAE - years 2009 through 2017	71,308
Unpaid losses and ALAE - prior to 2009	148
Unpaid ADC	(7,197)
Unpaid losses and ALAE, net of reinsurance	64,259
Commercial Lines
Claims Development [Line Items]
Incurred	174,525
Cumulative Paid	112,361
Unpaid losses and ALAE - years 2009 through 2017	62,164
Unpaid losses and ALAE - prior to 2009	148
Unpaid ADC	(6,065)
Unpaid losses and ALAE, net of reinsurance	56,247
Personal Lines
Claims Development [Line Items]
Incurred	94,454
Cumulative Paid	85,310
Unpaid losses and ALAE - years 2009 through 2017	9,144
Unpaid losses and ALAE - prior to 2009	0
Unpaid ADC	(1,132)
Unpaid losses and ALAE, net of reinsurance	8,012
Accident Year 2009
Claims Development [Line Items]
Incurred	9,076	$ 9,048	$ 8,993	$ 9,037	$ 8,866	$ 9,577	$ 10,946	$ 12,705	$ 12,066
Total IBNR	$ 0
Cumulative number of reported claims | claim	942
Cumulative Paid	$ 9,075	8,955	8,567	8,501	8,434	7,867	7,043	6,576	4,973
Accident Year 2009 | Commercial Lines
Claims Development [Line Items]
Incurred	8,442	8,414	8,359	8,403	8,232	8,943	10,312	12,066	11,400
Total IBNR	$ 0
Cumulative number of reported claims | claim	877
Cumulative Paid	$ 8,441	8,321	7,933	7,867	7,800	7,233	6,410	5,942	4,436
Accident Year 2009 | Personal Lines
Claims Development [Line Items]
Incurred	634	634	634	634	634	634	634	639	667
Total IBNR	$ 0
Cumulative number of reported claims | claim	65
Cumulative Paid	$ 634	634	634	634	634	634	634	634	$ 537
Accident Year 2010
Claims Development [Line Items]
Incurred	6,476	6,391	6,258	6,354	6,541	7,439	8,756	7,666
Total IBNR	$ 0
Cumulative number of reported claims | claim	848
Cumulative Paid	$ 6,442	6,350	6,248	6,223	6,094	5,403	4,662	3,217
Accident Year 2010 | Commercial Lines
Claims Development [Line Items]
Incurred	6,292	6,207	6,074	6,170	6,357	7,255	8,568	7,346
Total IBNR	$ 0
Cumulative number of reported claims | claim	771
Cumulative Paid	$ 6,258	6,166	6,065	6,040	5,910	5,219	4,488	3,066
Accident Year 2010 | Personal Lines
Claims Development [Line Items]
Incurred	184	184	184	184	184	184	188	320
Total IBNR	$ 0
Cumulative number of reported claims | claim	77
Cumulative Paid	$ 184	184	184	184	184	184	174	$ 151
Accident Year 2011
Claims Development [Line Items]
Incurred	6,964	6,949	6,963	7,081	7,307	7,517	8,431
Total IBNR	$ 1
Cumulative number of reported claims | claim	1,307
Cumulative Paid	$ 6,897	6,766	6,624	6,308	5,597	4,826	3,432
Accident Year 2011 | Commercial Lines
Claims Development [Line Items]
Incurred	4,935	4,903	4,932	5,049	5,326	5,758	6,753
Total IBNR	$ 0
Cumulative number of reported claims | claim	590
Cumulative Paid	$ 4,872	4,744	4,641	4,449	3,964	3,534	2,645
Accident Year 2011 | Personal Lines
Claims Development [Line Items]
Incurred	2,027	2,045	2,030	2,031	1,981	1,758	1,678
Total IBNR	$ 1
Cumulative number of reported claims | claim	717
Cumulative Paid	$ 2,024	2,021	1,983	1,859	1,633	1,292	$ 787
Accident Year 2012
Claims Development [Line Items]
Incurred	18,554	18,642	18,544	18,028	18,111	17,705
Total IBNR	$ 57
Cumulative number of reported claims | claim	3,888
Cumulative Paid	$ 18,369	18,195	17,335	15,540	12,954	7,990
Accident Year 2012 | Commercial Lines
Claims Development [Line Items]
Incurred	6,190	6,253	6,384	6,288	6,421	7,745
Total IBNR	$ 40
Cumulative number of reported claims | claim	560
Cumulative Paid	$ 6,065	5,994	5,558	4,696	3,703	2,325
Accident Year 2012 | Personal Lines
Claims Development [Line Items]
Incurred	12,365	12,390	12,159	11,740	11,690	9,960
Total IBNR	$ 17
Cumulative number of reported claims | claim	3,328
Cumulative Paid	$ 12,306	12,202	11,777	10,844	9,251	$ 5,665
Accident Year 2013
Claims Development [Line Items]
Incurred	30,419	29,375	28,817	27,431	28,052
Total IBNR	$ 224
Cumulative number of reported claims | claim	5,738
Cumulative Paid	$ 29,162	27,223	25,695	22,094	13,934
Accident Year 2013 | Commercial Lines
Claims Development [Line Items]
Incurred	11,252	10,237	9,893	9,435	10,018
Total IBNR	$ 181
Cumulative number of reported claims | claim	600
Cumulative Paid	$ 10,147	8,622	7,643	6,211	3,979
Accident Year 2013 | Personal Lines
Claims Development [Line Items]
Incurred	19,167	19,138	18,925	17,996	18,034
Total IBNR	$ 43
Cumulative number of reported claims | claim	5,138
Cumulative Paid	$ 19,014	18,600	18,052	15,883	$ 9,955
Accident Year 2014
Claims Development [Line Items]
Incurred	44,247	40,446	37,378	37,660
Total IBNR	$ 803
Cumulative number of reported claims | claim	5,400
Cumulative Paid	$ 40,192	34,718	30,492	21,534
Accident Year 2014 | Commercial Lines
Claims Development [Line Items]
Incurred	26,367	22,711	19,907	19,709
Total IBNR	$ 754
Cumulative number of reported claims | claim	1,740
Cumulative Paid	$ 22,446	17,458	13,977	8,715
Accident Year 2014 | Personal Lines
Claims Development [Line Items]
Incurred	17,880	17,735	17,471	17,951
Total IBNR	$ 49
Cumulative number of reported claims | claim	3,660
Cumulative Paid	$ 17,746	17,260	16,515	$ 12,819
Accident Year 2015
Claims Development [Line Items]
Incurred	46,581	40,078	33,319
Total IBNR	$ 2,154
Cumulative number of reported claims | claim	4,447
Cumulative Paid	$ 36,393	29,690	18,241
Accident Year 2015 | Commercial Lines
Claims Development [Line Items]
Incurred	31,861	26,633	22,442
Total IBNR	$ 2,083
Cumulative number of reported claims | claim	2,327
Cumulative Paid	$ 22,549	17,817	10,470
Accident Year 2015 | Personal Lines
Claims Development [Line Items]
Incurred	14,721	13,445	10,877
Total IBNR	$ 71
Cumulative number of reported claims | claim	2,120
Cumulative Paid	$ 13,844	11,873	$ 7,771
Accident Year 2016
Claims Development [Line Items]
Incurred	48,353	44,015
Total IBNR	$ 6,280
Cumulative number of reported claims | claim	5,268
Cumulative Paid	$ 30,373	17,374
Accident Year 2016 | Commercial Lines
Claims Development [Line Items]
Incurred	34,935	32,396
Total IBNR	$ 6,078
Cumulative number of reported claims | claim	3,462
Cumulative Paid	$ 19,135	10,255
Accident Year 2016 | Personal Lines
Claims Development [Line Items]
Incurred	13,418	11,619
Total IBNR	$ 202
Cumulative number of reported claims | claim	1,806
Cumulative Paid	$ 11,238	$ 7,119
Accident Year 2017
Claims Development [Line Items]
Incurred	58,309
Total IBNR	$ 24,087
Cumulative number of reported claims | claim	7,726
Cumulative Paid	$ 20,768
Accident Year 2017 | Commercial Lines
Claims Development [Line Items]
Incurred	44,251
Total IBNR	$ 20,897
Cumulative number of reported claims | claim	5,276
Cumulative Paid	$ 12,448
Accident Year 2017 | Personal Lines
Claims Development [Line Items]
Incurred	14,058
Total IBNR	$ 3,190
Cumulative number of reported claims | claim	2,450
Cumulative Paid	$ 8,320

Unpaid Losses and Loss Adjust60

Unpaid Losses and Loss Adjustment Expenses - Reconciliation of Claims to the Liability for Claims (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Unpaid losses and ALAE, net of reinsurance	$ 64,259
Reinsurance recoverables on unpaid losses	20,066	$ 6,658	$ 5,405	$ 3,224
ULAE Expense	3,571
Unpaid losses and loss adjustment expenses	87,896	$ 54,651	$ 35,422	$ 31,531
Commercial Lines
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Unpaid losses and ALAE, net of reinsurance	56,247
Reinsurance recoverables on unpaid losses	17,265
Personal Lines
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Unpaid losses and ALAE, net of reinsurance	8,012
Reinsurance recoverables on unpaid losses	$ 2,801

Unpaid Losses and Loss Adjust61

Unpaid Losses and Loss Adjustment Expenses - Loss Duration (Details)	Dec. 31, 2017
Short-duration Insurance Contracts, Historical Claims Duration [Line Items]
Year 1	37.90%
Year 2	21.40%
Year 3	17.10%
Year 4	11.40%
Year 5	6.00%
Year 6	3.10%
Year 7	1.70%
Year 8	0.80%
Year 9	0.50%
Year 10, and onwards	0.10%
Commercial Lines
Short-duration Insurance Contracts, Historical Claims Duration [Line Items]
Year 1	34.60%
Year 2	21.70%
Year 3	18.00%
Year 4	12.30%
Year 5	6.40%
Year 6	3.40%
Year 7	1.90%
Year 8	1.00%
Year 9	0.60%
Year 10, and onwards	0.10%
Personal Lines
Short-duration Insurance Contracts, Historical Claims Duration [Line Items]
Year 1	60.80%
Year 2	19.30%
Year 3	10.80%
Year 4	4.90%
Year 5	2.60%
Year 6	1.50%
Year 7	0.10%
Year 8	0.00%
Year 9	0.00%
Year 10, and onwards	0.00%

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($)	Dec. 31, 2017	Sep. 28, 2017	Jul. 01, 2015	Jan. 01, 2015	Dec. 31, 2014	Nov. 01, 2014	Jun. 30, 2017	Dec. 31, 2014	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Effects of Reinsurance [Line Items]
Unpaid losses and loss adjustment expenses	$ 87,896,000				$ 31,531,000			$ 31,531,000	$ 87,896,000			$ 87,896,000	$ 54,651,000	$ 35,422,000
Contingent recovery (percentage)	35.00%								35.00%			35.00%
Payments for Reinsurance										$ 7,200,000
Amount ceded												$ 23,008,000	15,086,000	22,451,000
Assumed premiums written												28,033,000	25,008,000	3,247,000
Citizens Property and Casualty Corporation
Effects of Reinsurance [Line Items]
Assumed premiums written								$ 5,500,000			$ 1,400,000
Workers Compensation and Casualty Clash
Effects of Reinsurance [Line Items]
Amount retained (excess of)												2,000,000
Amount reinsured												18,000,000
Adverse Development Cover Reinsurance Agreement
Effects of Reinsurance [Line Items]
Amount retained (excess of)							$ 36,600,000					10,300,000
Amount reinsured	$ 17,500,000	$ 17,500,000					1,400,000
Reinsurance agreement, quota share (percentage)		10.00%
Amount ceded									$ 2,100,000			7,190,000
2014 Assumption | Citizens Property and Casualty Corporation
Effects of Reinsurance [Line Items]
Return of premiums														1,300,000
2015 Assumption | Citizens Property and Casualty Corporation
Effects of Reinsurance [Line Items]
Return of premiums														738,000
Insurance Fronting Arrangement
Effects of Reinsurance [Line Items]
Assumed premiums written												28,000,000	25,000,000	2,500,000
Minimum | Adverse Development Cover Reinsurance Agreement
Effects of Reinsurance [Line Items]
Reinsurance retention policy carried reserves threshold		$ 1,400,000
Unpaid losses and loss adjustment expenses							36,600,000
Maximum
Effects of Reinsurance [Line Items]
Amount retained (excess of)												$ 500,000	$ 500,000	$ 500,000
Maximum | Adverse Development Cover Reinsurance Agreement
Effects of Reinsurance [Line Items]
Reinsurance retention policy carried reserves threshold		19,500,000
Unpaid losses and loss adjustment expenses							$ 57,500,000
Amount reinsured		$ 17,500,000
Commercial Lines | Multiple Line Reinsurance Policy
Effects of Reinsurance [Line Items]
Amount retained (excess of)				$ 500,000
Amount reinsured				$ 1,500,000
Commercial Lines | Quota Share Reinsurance Agreement
Effects of Reinsurance [Line Items]
Amount retained (excess of)					500,000
Reinsurance agreement, quota share (percentage)												90.00%
Personal Lines | Quota Share Reinsurance Agreement
Effects of Reinsurance [Line Items]
Amount retained (excess of)					$ 300,000
Property product line | Property Reinsurance Policy
Effects of Reinsurance [Line Items]
Amount retained (excess of)						$ 300,000						$ 4,000,000
Amount reinsured						$ 2,700,000						$ 106,000,000
Property product line | Minimum | Property Reinsurance Policy
Effects of Reinsurance [Line Items]
Insured property value			$ 2,000,000
Property product line | Maximum | Property Reinsurance Policy
Effects of Reinsurance [Line Items]
Insured property value			$ 4,000,000
Other insurance product line | Quota Share Reinsurance Agreement
Effects of Reinsurance [Line Items]
Reinsurance agreement, quota share (percentage)					25.00%
Other insurance product line | Quota Share Reinsurance Agreement, Other Arrangements
Effects of Reinsurance [Line Items]
Reinsurance agreement, quota share (percentage)												100.00%

Reinsurance - Effects of Reinsu

Reinsurance - Effects of Reinsurance and Assumption Transactions (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Written premiums:
Direct									$ 86,251	$ 89,915	$ 90,503
Assumed									28,033	25,008	3,247
Ceded									(23,044)	(14,994)	(14,076)
Net written premiums	$ 27,439	$ 18,395	$ 23,082	$ 22,324	$ 27,069	$ 24,634	$ 26,176	$ 22,050	91,240	99,929	79,674
Earned premiums:
Direct									87,656	90,660	82,614
Assumed									27,081	14,053	6,602
Ceded									(23,008)	(15,086)	(22,451)
Net earned premiums	25,433	17,659	24,497	24,140	24,463	23,380	21,675	20,109	91,729	89,627	66,765
Loss and loss adjustment expenses:
Direct									79,035	59,940	43,989
Assumed									19,524	11,955	2,756
Ceded									(24,642)	(12,892)	(7,863)
Net Loss and loss adjustment expenses	15,042	$ 26,468	$ 16,674	$ 15,733	$ 18,181	$ 14,582	$ 13,541	$ 12,699	73,917	$ 59,003	$ 38,882
Reinsurance reinstatement cost	$ 806								$ 806

Debt - Narrative (Details)

Debt - Narrative (Details)	Dec. 31, 2017USD ($)debt_instrument	Sep. 29, 2017USD ($)	Sep. 30, 2014USD ($)	Oct. 31, 2013USD ($)
Debt Instrument [Line Items]
Debt issuance costs	$ 973,000
Subordinated Debt | Private placement, subordinated note
Debt Instrument [Line Items]
Face amount of debt		$ 30,000,000
Bearing fixed annual interest rate (percentage)	105.00%	8.00%
Secured Debt
Debt Instrument [Line Items]
Number of debt instruments | debt_instrument	3
Secured Debt | Revolver
Debt Instrument [Line Items]
Borrowing capacity				$ 17,500,000
Secured Debt | Term Note
Debt Instrument [Line Items]
Face amount of debt				$ 5,000,000
Secured Debt | 2014 Term Note
Debt Instrument [Line Items]
Face amount of debt			$ 7,500,000
Period One | Subordinated Debt | Swap rate | Private placement, subordinated note
Debt Instrument [Line Items]
Derivative, basis spread on variable rate	12.50%
Period Two | Subordinated Debt | Swap rate | Private placement, subordinated note
Debt Instrument [Line Items]
Derivative, basis spread on variable rate	15.00%

Debt - Outstanding Senior Debt

Debt - Outstanding Senior Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Debt	$ 29,027	$ 17,750
Subordinated Debt
Debt Instrument [Line Items]
Debt	29,027	0
Secured Debt
Debt Instrument [Line Items]
Debt	29,027	17,750
Secured Debt | Term Note
Debt Instrument [Line Items]
Debt	0	1,750
Secured Debt | 2014 Term Note
Debt Instrument [Line Items]
Debt	0	5,500
Secured Debt | Revolver
Debt Instrument [Line Items]
Debt	$ 0	$ 10,500

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating Loss Carryforwards [Line Items]
Current income taxes receivable	$ 214	$ 110
Adjustment to deferred tax assets	0	0	$ 2,150
Decrease in net deferred tax assets	5,600
Deferred income tax expense	5,600
Decrease in valuation allowance	5,700
Deferred income tax benefit	5,700
Income tax benefit	63
Valuation allowance	9,904	$ 8,389
Domestic Tax Authority | Internal Revenue Service (IRS)
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	43,600
Net operating loss carryforwards subject to limitations	15,100
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 11,000

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Current tax expense (benefit)									$ (28)	$ 70	$ 48
Deferred tax expense (benefit)									(419)	(147)	0
Total income tax expense (benefit)	$ (36)	$ (135)	$ (282)	$ 6	$ 530	$ 16	$ (623)	$ 0	$ (447)	$ (77)	$ 48

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
U.S. federal income tax rate									34.00%
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income (loss) before income taxes									$ (22,054)	$ (8,643)	$ 83
Statutory U.S. federal income tax rate									(7,498)	(2,939)	28
State income taxes, net of federal benefit									(106)	(3)	(72)
Tax‑exempt investment income and dividend received deduction									(123)	(106)	(116)
Nondeductible meals and entertainment									54	61	45
Valuation allowance on deferred tax assets									1,515	2,808	(2,050)
Net operating loss write-off									0	0	2,150
Change in federal tax rate									5,612	0	0
Other									99	102	63
Total income tax expense (benefit)	$ (36)	$ (135)	$ (282)	$ 6	$ 530	$ 16	$ (623)	$ 0	$ (447)	$ (77)	$ 48
Effective tax rate									2.00%	0.90%	57.80%

Income Taxes - Components of De

Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Discounted unpaid losses and loss adjustment expenses	$ 1,026	$ 715
Unearned premiums	2,576	4,085
Net operating loss carryforwards	9,147	7,757
State net operating loss carryforwards	385	223
Other	135	203
Gross deferred tax assets	13,269	12,983
Less valuation allowance	(9,904)	(8,389)
Total deferred tax assets, net of allowance	3,365	4,594
Deferred tax liabilities:
Investment basis difference	19	45
Unrealized gains on investments	124	(156)
Deferred policy acquisition costs	2,684	4,519
Intangible assets	107	163
Property and equipment	85	202
Other	461	0
Total deferred tax liabilities	3,480	4,773
Net deferred tax liability	$ (115)	$ (179)

Statutory Financial Data, Ris70

Statutory Financial Data, Risk-Based Capital and Dividend Restrictions - Narrative (Details) - subsidiary	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Insurance [Abstract]
Number of insurance company subsidiaries	2	2	3

Statutory Financial Data, Ris71

Statutory Financial Data, Risk-Based Capital and Dividend Restrictions - Summary of Statutory Basis Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Conifer
Statutory Accounting Practices [Line Items]
Statutory capital and surplus	$ 35,848	$ 29,539	$ 30,637
RBC authorized control level	8,873	6,676	5,390
Statutory net income (loss)	$ (6,993)	$ (2,782)	$ 387
RBC % (percentage)	404.00%	442.00%	569.00%
American Colonial
Statutory Accounting Practices [Line Items]
Statutory capital and surplus			$ 22,523
RBC authorized control level			2,809
Statutory net income (loss)			$ (2,278)
RBC % (percentage)			802.00%
White Pine
Statutory Accounting Practices [Line Items]
Statutory capital and surplus	$ 26,075	$ 32,391	$ 17,452
RBC authorized control level	6,224	6,583	2,978
Statutory net income (loss)	$ (13,737)	$ (1,209)	$ 784
RBC % (percentage)	419.00%	492.00%	585.00%

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details)	1 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)$ / sharesshares	Dec. 31, 2017voteshares	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)	Feb. 25, 2016USD ($)
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)		8,520,328	7,633,070
Common stock, shares issued (in shares)		8,520,328	7,633,070
Common equity issued | $	$ 5,000,000
Stock repurchased during period, value | $			$ 625,000	$ 6,275,000
Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding (in shares)		8,520,328	7,633,070
Common stock, shares issued (in shares)		8,520,328	7,633,070
Stock repurchased during period, shares (in shares)			88,650
Stock repurchased during period, value | $			$ 625,000
Common stock voting rights, number of votes per share | vote		1
Stock Repurchase Program, February 2016 | Common Stock
Class of Stock [Line Items]
Authorized amount of stock repurchase program (in shares) | $					$ 2,100,000
Stock repurchased during period, shares (in shares)		0	88,650
Stock repurchased during period, value | $			$ 625,000
Private Placement
Class of Stock [Line Items]
Common equity issued (in shares)	800,000
Price per share (in dollars per share) | $ / shares	$ 6.25

Redeemable Preferred Stock (Det

Redeemable Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 18, 2015	Jul. 01, 2015	Dec. 31, 2017		Dec. 31, 2016	Dec. 31, 2015	Mar. 25, 2015	Dec. 31, 2014
Temporary Equity [Line Items]
Proceeds from issuance of common stock			$ 5,000		$ 0	$ 36,066
Private Placement
Temporary Equity [Line Items]
Proceeds from issuance of common stock	$ 3,100
Common Stock | Private Placement
Temporary Equity [Line Items]
Stock issued during period (in shares)	294,450		800,000	[1]
Redeemable Preferred Stock
Temporary Equity [Line Items]
Shares outstanding	0				0	0		60,600
Liquidation event, percentage of holders with consent (more than)							80.00%
Redemption price (in dollars per share)		$ 100
Number of shares repurchased during the period		29,550
Stock repurchased during period (percentage)		49.00%
Payments of dividends	$ 6,300
[1]	"IPO" - initial public offering

Accumulated Other Comprehensi74

Accumulated Other Comprehensive Income (Loss) - Summary of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 67,794	$ 77,262	$ 44,159
Other comprehensive income (loss)	717	(1,262)	(976)
Balance at end of period	52,826	67,794	77,262
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(1,080)	182	1,158
Other comprehensive income (loss) before reclassifications	795	(2,139)
Less: amounts reclassified from accumulated other comprehensive income (loss)	78	(877)
Other comprehensive income (loss)	717	(1,262)	(976)
Balance at end of period	$ (363)	$ (1,080)	$ 182

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Earnings Per Share [Abstract]
Net income (loss) attributable to Conifer	$ (21,542)	$ (8,437)	$ 64
Preferred stock dividends	0	0	384
Paid-in-kind dividends	0	0	156
Net income (loss) allocable to common shareholders	$ (21,542)	$ (8,437)	$ (476)
Weighted average common shares outstanding, basic and diluted (in shares)	7,867,344	7,618,588	5,369,960
Earnings (loss) per share allocable to common, basic and diluted (in dollars per share)	$ (2.74)	$ (1.11)	$ (0.09)

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - 2015 Omnibus Incentive Plan - USD ($) $ in Thousands	Aug. 18, 2015	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized				1,377,000
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				5 years
Number of shares issued upon conversion, per share				1
Stock issued during period		390,352	0	111,281
Stock granted, value	$ 4,100			$ 909
Compensation expense			$ 948	$ 856	$ 303
Total compensation cost not yet recognized			$ 3,000

Stock-based Compensation - RSU

Stock-based Compensation - RSU Activity (Details) - 2015 Omnibus Incentive Plan - Restricted Stock Units (RSUs) - $ / shares	5 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
Number of Units
Beginning period, outstanding (in shares)	0	416,000	390,000
Units granted (in shares)	390,352	0	111,281
Units vested (in shares)		(95,000)	(77,000)
Units forfeited (in shares)		(14,000)	(8,000)
Ending period, outstanding (in shares)	390,000	307,000	416,000
Weighted Average Grant-Date Fair Value
Beginning period, outstanding (in dollars per share)	$ 0	$ 9.87	$ 10.48
Units granted (in dollars per share)	10.48	0	8.17
Units vested (in dollars per share)		9.97	10.48
Units forfeited (in dollars per share)		9.94	9.95
Ending period, outstanding (in dollars per share)	$ 10.48	$ 9.84	$ 9.87

Stock-based Compensation - Vest

Stock-based Compensation - Vesting Schedule for RSUs (Details) - 2015 Omnibus Incentive Plan - Restricted Stock Units (RSUs) - shares shares in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Aug. 12, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Scheduled vesting - RSUs (in shares)	307	416	390	0
2018 Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Scheduled vesting - RSUs (in shares)	95
2019 Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Scheduled vesting - RSUs (in shares)	95
2020 Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Scheduled vesting - RSUs (in shares)	95
2021 Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Scheduled vesting - RSUs (in shares)	22

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Retirement Benefits [Abstract]
Maximum employee contribution amount, percentage of gross compensation			100.00%
Employee matching contribution, percentage of employee gross compensation		4.00%
Plan expense	$ 432	$ 405	$ 346

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)renewal_option	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2010USD ($)
Other Commitments [Line Items]
Number of lease renewal options | renewal_option	2
Lease renewal term	5 years
Rent expense under operating leases	$ 961	$ 915	$ 795
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,018	940
2,019	865
2,020	837
2,021	726
2,022	636
2023 and thereafter	1,079
Total future minimum rental payments	$ 5,083
Agreement to Design and Implement New Systems
Other Commitments [Line Items]
Minimum monthly payment				$ 30

Segment Information - Narrative

Segment Information - Narrative (Details) - business	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Number of reportable segments	2
Gross Written Premiums | Geographic Concentration Risk | Florida, Michigan, Texas and Pennsylvania
Segment Reporting Information [Line Items]
Concentration percentage	60.80%	56.70%	66.60%

Segment Information - Summary o

Segment Information - Summary of Net Earned Premiums by Segment (Details) - Net Earned Premium - Operating Segments	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Concentration percentage	100.00%	100.00%	100.00%
Commercial Lines
Segment Reporting Information [Line Items]
Concentration percentage	84.00%	77.00%	73.00%
Personal Lines
Segment Reporting Information [Line Items]
Concentration percentage	16.00%	23.00%	27.00%

Segment Information - Informati

Segment Information - Information by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Gross written premiums	$ 31,247	$ 29,581	$ 26,981	$ 26,474	$ 31,308	$ 28,497	$ 29,725	$ 25,393
Net written premiums	27,439	18,395	23,082	22,324	27,069	24,634	26,176	22,050	$ 91,240	$ 99,929	$ 79,674
Net earned premiums	25,433	17,659	24,497	24,140	24,463	23,380	21,675	20,109	91,729	89,627	66,765
Other income	357	477	372	354	287	303	283	245	1,560	1,118	1,667
Total revenue									96,837	93,883	70,723
Losses and loss adjustment expenses, net	15,042	26,468	16,674	15,733	18,181	14,582	13,541	12,699	73,917	59,003	38,882
Policy acquisition costs	6,690	6,655	6,428	6,472	6,997	6,266	6,014	6,003	26,245	25,280	16,183
Operating expenses	3,993	4,474	4,370	4,530	4,211	4,710	4,536	4,139	17,367	17,596	14,806
Total expenses									118,891	102,526	70,640
Investment income	720	768	663	577	548	560	528	537	2,728	2,173	1,902
Net realized investment gains	39	39	0	(8)	761	71	541	(8)	70	1,365	285
Other gains (losses)	0	0	750	0	(400)	0	0	0	750	(400)	104
Interest expense	(616)	$ (303)	$ (219)	$ (224)	(179)	$ (168)	$ (143)	$ (157)	(1,362)	(647)	(769)
Income (loss) before income taxes									(22,054)	(8,643)	83
Deferred policy acquisition costs	12,781				13,290				12,781	13,290	12,102	$ 5,679
Unearned premiums	57,672				58,126				57,672	58,126
Loss and loss adjustment expense reserves	87,896				54,651				87,896	54,651	35,422	$ 31,531
Operating Segments | Commercial Lines
Segment Reporting Information [Line Items]
Gross written premiums									92,112	88,242	68,197
Net written premiums									78,217	78,439	58,157
Net earned premiums									76,786	68,921	48,586
Other income									628	378	1,099
Total revenue									77,414	69,299	49,685
Losses and loss adjustment expenses, net									55,701	42,441	25,730
Policy acquisition costs									20,470	18,560	11,937
Operating expenses									11,339	6,767	4,983
Total expenses									87,510	67,768	42,650
Segment underwriting gain (loss)									(10,096)	1,531	7,035
Deferred policy acquisition costs	10,116				10,156				10,116	10,156	8,401
Unearned premiums	45,951				44,484				45,951	44,484	33,337
Loss and loss adjustment expense reserves	76,586				46,917				76,586	46,917	29,739
Operating Segments | Personal Lines
Segment Reporting Information [Line Items]
Gross written premiums									22,172	26,681	25,553
Net written premiums									13,023	21,490	21,517
Net earned premiums									14,943	20,706	18,179
Other income									780	558	489
Total revenue									15,723	21,264	18,668
Losses and loss adjustment expenses, net									18,216	16,562	13,152
Policy acquisition costs									5,775	6,720	4,246
Operating expenses									2,570	2,911	3,305
Total expenses									26,561	26,193	20,703
Segment underwriting gain (loss)									(10,838)	(4,929)	(2,035)
Deferred policy acquisition costs	2,665				3,134				2,665	3,134	3,701
Unearned premiums	11,721				13,642				11,721	13,642	14,579
Loss and loss adjustment expense reserves	11,310				7,734				11,310	7,734	5,683
Corporate & Other
Segment Reporting Information [Line Items]
Gross written premiums									0	0	0
Net written premiums									0	0	0
Net earned premiums									0	0	0
Other income									152	182	79
Total revenue									152	182	79
Losses and loss adjustment expenses, net									0	0	0
Policy acquisition costs									0	0	0
Operating expenses									3,458	7,918	6,518
Total expenses									3,458	7,918	6,518
Segment underwriting gain (loss)									(3,306)	(7,736)	(6,439)
Investment income									2,728	2,173	1,902
Net realized investment gains									70	1,365	285
Other gains (losses)									750	(400)	104
Interest expense									(1,362)	(647)	(769)
Income (loss) before income taxes									(1,120)	(5,245)	(4,917)
Deferred policy acquisition costs	0				0				0	0	0
Unearned premiums	0				0				0	0	0
Loss and loss adjustment expense reserves	0				0				0	0	0
Operating Segments and Corporate Non Segment
Segment Reporting Information [Line Items]
Gross written premiums									114,284	114,923	93,750
Net written premiums									91,240	99,929	79,674
Net earned premiums									91,729	89,627	66,765
Other income									1,560	1,118	1,667
Total revenue									93,289	90,745	68,432
Losses and loss adjustment expenses, net									73,917	59,003	38,882
Policy acquisition costs									26,245	25,280	16,183
Operating expenses									17,367	17,596	14,806
Total expenses									117,529	101,879	69,871
Segment underwriting gain (loss)									(24,240)	(11,134)	(1,439)
Deferred policy acquisition costs	12,781				13,290				12,781	13,290	12,102
Unearned premiums	57,672				58,126				57,672	58,126	47,916
Loss and loss adjustment expense reserves	$ 87,896				$ 54,651				$ 87,896	$ 54,651	$ 35,422

Quarterly Financial Data (Una84

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Gross written premiums	$ 31,247	$ 29,581	$ 26,981	$ 26,474	$ 31,308	$ 28,497	$ 29,725	$ 25,393
Net written premiums	27,439	18,395	23,082	22,324	27,069	24,634	26,176	22,050	$ 91,240	$ 99,929	$ 79,674
Net earned premiums	25,433	17,659	24,497	24,140	24,463	23,380	21,675	20,109	91,729	89,627	66,765
Net investment income	720	768	663	577	548	560	528	537	2,728	2,173	1,902
Net realized gains	39	39	0	(8)	761	71	541	(8)	70	1,365	285
Other gains (losses)	0	0	750	0	(400)	0	0	0	750	(400)	104
Other income	357	477	372	354	287	303	283	245	1,560	1,118	1,667
Losses and loss adjustment expenses, net	15,042	26,468	16,674	15,733	18,181	14,582	13,541	12,699	73,917	59,003	38,882
Policy acquisition costs	6,690	6,655	6,428	6,472	6,997	6,266	6,014	6,003	26,245	25,280	16,183
Operating expenses	3,993	4,474	4,370	4,530	4,211	4,710	4,536	4,139	17,367	17,596	14,806
Interest expense	616	303	219	224	179	168	143	157	1,362	647	769
Income tax (benefit) expense	(36)	(135)	(282)	6	530	16	(623)	0	(447)	(77)	48
Equity earnings (losses) in affiliates, net of tax	(23)	(76)	60	104	18	(47)	71	87	65	129	(52)
Net income (loss)	$ 221	$ (18,898)	$ (1,067)	$ (1,798)	$ (4,421)	$ (1,475)	$ (513)	$ (2,028)	(21,542)	(8,437)	(17)
Net income (loss) allocable to common shareholders									$ (21,542)	$ (8,437)	$ (476)
Diluted earnings (loss) per common share (in dollars per share)	$ 0.03	$ (2.46)	$ (0.14)	$ (0.24)	$ (0.58)	$ (0.19)	$ (0.07)	$ (0.27)
Combined ratio (percentage)	99.70%	207.30%	110.40%	109.10%	118.70%	107.90%	109.70%	112.20%

Schedule II - Condensed Finan85

Schedule II - Condensed Financial Information of Registrant - Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets
Equity Securities	$ 9,687	$ 4,579
Cash	11,868	12,493
Due from affiliate	1,195	1,751
Other assets	7,073	11,481
Total assets	239,032	203,701
Liabilities:
Debt	29,027	17,750
Total liabilities	186,206	135,907
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 8,520,328 and 7,633,070 issued and outstanding, respectively)	86,199	80,342
Accumulated deficit	(33,010)	(11,468)
Accumulated other comprehensive income (loss)	(363)	(1,080)
Total shareholders' equity	52,826	67,794	$ 77,262	$ 44,159
Total liabilities and shareholders' equity	239,032	203,701
Parent Company
Assets
Investment in subsidiaries	77,657	78,637
Equity Securities	400	0
Cash	2,583	4,639
Due from subsidiaries	513	0
Due from affiliate	348	946
Other assets	1,271	2,009
Total assets	82,772	86,231
Liabilities:
Debt	29,027	17,750
Other liabilities	919	687
Total liabilities	29,946	18,437
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 8,520,328 and 7,633,070 issued and outstanding, respectively)	86,199	80,342
Accumulated deficit	(33,010)	(11,468)
Accumulated other comprehensive income (loss)	(363)	(1,080)
Total shareholders' equity	52,826	67,794
Total liabilities and shareholders' equity	$ 82,772	$ 86,231

Schedule II - Condensed Finan86

Schedule II - Condensed Financial Information of Registrant - Balance Sheets Stock Information (Details) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Condensed Balance Sheet Statements, Captions [Line Items]
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	8,520,328	7,633,070
Common stock, shares outstanding (in shares)	8,520,328	7,633,070
Parent Company
Condensed Balance Sheet Statements, Captions [Line Items]
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	8,520,328	7,633,070
Common stock, shares outstanding (in shares)	8,520,328	7,633,070

Schedule II - Condensed Finan87

Schedule II - Condensed Financial Information of Registrant - Statements of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenue
Other income	$ 357	$ 477	$ 372	$ 354	$ 287	$ 303	$ 283	$ 245	$ 1,560	$ 1,118	$ 1,667
Total revenue									96,837	93,883	70,723
Expenses
Operating expenses	3,993	4,474	4,370	4,530	4,211	4,710	4,536	4,139	17,367	17,596	14,806
Interest expense	616	303	219	224	179	168	143	157	1,362	647	769
Total expenses									118,891	102,526	70,640
Income tax expense (benefit)	(36)	(135)	(282)	6	530	16	(623)	0	(447)	(77)	48
Net income (loss)	$ 221	$ (18,898)	$ (1,067)	$ (1,798)	$ (4,421)	$ (1,475)	$ (513)	$ (2,028)	(21,542)	(8,437)	(17)
Less net loss attributable to noncontrolling interest										0	(81)
Net income (loss) attributable to Conifer									(21,542)	(8,437)	64
Other Comprehensive Income
Equity in other comprehensive income (loss) of subsidiaries									717	(1,262)	(976)
Comprehensive income (loss) attributable to Conifer									(20,825)	(9,699)	(912)
Parent Company
Revenue
Management fees from subsidiaries									15,905	9,911	8,007
Other income									826	51	64
Total revenue									16,731	9,962	8,071
Expenses
Operating expenses									13,496	16,995	13,710
Interest expense									1,362	647	766
Total expenses									14,858	17,642	14,476
Income (loss) before equity in earnings (losses) of subsidiaries and income tax benefit									1,873	(7,680)	(6,405)
Income tax expense (benefit)									859	(864)	(1,025)
Income (loss) before equity earnings (losses) of subsidiaries									1,014	(6,816)	(5,380)
Equity earnings (losses) in subsidiaries									(22,556)	(1,621)	5,363
Net income (loss)									(21,542)	(8,437)	(17)
Less net loss attributable to noncontrolling interest									0	0	(81)
Net income (loss) attributable to Conifer									(21,542)	(8,437)	64
Other Comprehensive Income
Equity in other comprehensive income (loss) of subsidiaries									717	(1,262)	(976)
Comprehensive income (loss) attributable to Conifer									$ (20,825)	$ (9,699)	$ (912)

Schedule II - Condensed Finan88

Schedule II - Condensed Financial Information of Registrant - Statement of Cash Flows (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash Flows from Operating Activities
Net income (loss)	$ 221,000	$ (18,898,000)	$ (1,067,000)	$ (1,798,000)	$ (4,421,000)	$ (1,475,000)	$ (513,000)	$ (2,028,000)	$ (21,542,000)	$ (8,437,000)	$ (17,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Incentive awards expenses - vesting of RSUs									895,000	856,000	303,000
Changes in operating assets and liabilities:
Other assets									4,239,000	(7,139,000)	(904,000)
Net cash provided by (used in) operating activities									9,090,000	6,166,000	(3,136,000)
Cash Flows From Investing Activities
Purchases of property and equipment									(13,000)	(195,000)	(167,000)
Net cash used in investing activities									(25,954,000)	(10,751,000)	(15,294,000)
Cash Flows From Financing Activities
Proceeds received from issuance of shares of common stock									5,000,000	0	36,066,000
Repurchase of common stock									0	(625,000)	0
Repurchase of preferred stock									0	0	(6,275,000)
Borrowings under debt arrangements									32,000,000	7,000,000	4,400,000
Repayment of borrowings under debt arrangements									(19,750,000)	(2,000,000)	(19,212,000)
Dividends paid to preferred shareholders									0	0	(384,000)
Stock and debt issuance costs									(1,011,000)	0	(1,837,000)
Net cash provided by financing activities									16,239,000	4,375,000	12,645,000
Net increase (decrease) in cash									(625,000)	(210,000)	(5,785,000)
Cash at beginning of period				12,493,000				12,703,000	12,493,000	12,703,000	18,488,000
Cash at end of period	11,868,000				12,493,000				11,868,000	12,493,000	12,703,000
Supplemental Disclosure of Cash Flow Information:
Interest paid									876,000	641,000	844,000
Paid-in-kind dividends	0				0				0	0	61,000
Parent Company
Cash Flows from Operating Activities
Net income (loss)									(21,542,000)	(8,437,000)	(17,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization									347,000	364,000	321,000
Deferred income taxes									(485,000)	288,000	140,000
Equity in undistributed (income) loss of subsidiaries									22,556,000	1,621,000	(5,363,000)
Incentive awards expenses - vesting of RSUs									895,000	856,000	303,000
Changes in operating assets and liabilities:
Due from subsidiaries									(513,000)	150,000	(921,000)
Due from affiliates									598,000	0	0
Other assets									532,000	(270,000)	(396,000)
Other liabilities									590,000	5,000	(500,000)
Net cash provided by (used in) operating activities									2,978,000	(5,423,000)	(6,433,000)
Cash Flows From Investing Activities
Contributions to subsidiaries									(20,860,000)	(2,100,000)	(7,500,000)
Dividends received from subsidiaries									0	5,450,000	2,700,000
Purchases of investments									(400,000)	0	0
Purchases of property and equipment									(13,000)	(192,000)	(146,000)
Net cash used in investing activities									(21,273,000)	3,158,000	(4,946,000)
Cash Flows From Financing Activities
Proceeds received from issuance of shares of common stock									5,000,000	0	36,066,000
Repurchase of common stock									0	(625,000)	0
Repurchase of preferred stock									0	0	(6,275,000)
Borrowings under debt arrangements									32,000,000	7,000,000	4,400,000
Repayment of borrowings under debt arrangements									(19,750,000)	(2,000,000)	(19,212,000)
Dividends paid to preferred shareholders									0	0	(384,000)
Stock and debt issuance costs									(1,011,000)	0	(1,837,000)
Net cash provided by financing activities									16,239,000	4,375,000	12,758,000
Net increase (decrease) in cash									(2,056,000)	2,110,000	1,379,000
Cash at beginning of period				$ 4,639,000				$ 2,529,000	4,639,000	2,529,000	1,150,000
Cash at end of period	2,583,000				4,639,000				2,583,000	4,639,000	2,529,000
Supplemental Disclosure of Cash Flow Information:
Interest paid									876,000	641,000	844,000
Non-cash dividend received from subsidiaries									0	0	400,000
Paid-in-kind dividends	$ 0				$ 0				$ 0	$ 0	$ 61,000

Schedule II - Condensed Finan89

Schedule II - Condensed Financial Information of Registrant - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Parent Company
Condensed Cash Flow Statements, Captions [Line Items]
Dividends received from subsidiaries during period	$ 0	$ 5,450,000	$ 2,700,000

Schedule V - Valuation and Qu90

Schedule V - Valuation and Qualifying Accounts (Details) - Valuation for Deferred Tax Assets - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 8,389	$ 5,160	$ 6,917
Charged to Expense	1,515	2,808	0
Decrease to Other Comprehensive Income	0	421	0
Deductions from Allowance Account	0	0	(1,757)
Balance at End of Period	$ 9,904	$ 8,389	$ 5,160