Conifer (CNFR) 10-Q 8 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 05, 2018
Document And Entity Information
Entity Registrant Name	Conifer Holdings, Inc.
Entity Central Index Key	1,502,292
Trading Symbol	cnfr
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		8,520,328
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Investment securities:
Debt securities, at fair value (amortized cost of $129,322 and $137,004, respectively)	$ 126,677	$ 136,536
Equity securities, at fair value (cost of $8,782 and $8,629, respectively)	9,530	9,687
Short-term investments, at fair value	4,364	11,427
Total investments	140,571	157,650
Cash	17,016	11,868
Premiums and agents' balances receivable, net	22,129	22,845
Receivable from affiliate	2,161	1,195
Reinsurance recoverables on unpaid losses	20,467	20,066
Reinsurance recoverables on paid losses	2,874	4,473
Prepaid reinsurance premiums	1,098	1,081
Deferred policy acquisition costs	12,021	12,781
Other assets	8,997	7,073
Total assets	227,334	239,032
Liabilities:
Unpaid losses and loss adjustment expenses	83,662	87,896
Unearned premiums	52,390	57,672
Reinsurance premiums payable	2,719	3,299
Debt	29,060	29,027
Accounts payable and other liabilities	9,335	8,312
Total liabilities	177,166	186,206
Commitments and contingencies
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 8,520,328 and 8,520,328 issued and outstanding, respectively)	86,659	86,199
Accumulated deficit	(33,431)	(33,010)
Accumulated other comprehensive income (loss)	(3,060)	(363)
Total shareholders' equity	50,168	52,826
Total liabilities and shareholders' equity	$ 227,334	$ 239,032

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Fixed maturity securities, amortized cost	$ 129,322	$ 137,004
Equity securities, amortized cost	$ 8,782	$ 8,629
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	8,520,328	8,520,328
Common stock, shares outstanding (in shares)	8,520,328	8,520,328
Commitments and contingencies

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Premiums
Gross earned premiums	$ 27,856	$ 28,338	$ 55,581	$ 56,602
Ceded earned premiums	(3,918)	(3,841)	(7,842)	(7,965)
Net earned premiums	23,938	24,497	47,739	48,637
Net investment income	838	663	1,639	1,240
Net realized investment gains (losses)	12	0	173	(8)
Change in fair value of equity securities	29	0	(268)	0
Other gains	0	750	0	750
Other income	450	372	807	726
Total revenue	25,267	26,282	50,090	51,345
Expenses
Losses and loss adjustment expenses, net	15,067	16,674	28,396	32,407
Policy acquisition costs	6,472	6,428	12,985	12,900
Operating expenses	4,303	4,370	8,489	8,900
Interest expense	617	219	1,236	443
Total expenses	26,459	27,691	51,106	54,650
Income (loss) before equity earnings of affiliates and income taxes	(1,192)	(1,409)	(1,016)	(3,305)
Equity earnings of affiliates, net of tax	89	60	144	164
Income tax (benefit) expense	10	(282)	28	(275)
Net income (loss)	$ (1,113)	$ (1,067)	$ (900)	$ (2,866)
Earnings (loss) per per common share, basic and diluted (in dollars per share)	$ (0.13)	$ (0.14)	$ (0.11)	$ (0.38)
Weighted average common shares outstanding, basic and diluted (in shares)	8,520,328	7,633,069	8,520,328	7,633,069

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (1,113)	$ (1,067)	$ (900)	$ (2,866)
Unrealized investment gains (losses):
Unrealized investment gains (losses) during the period	(376)	519	(2,222)	904
Income tax (benefit) expense	0	281	0	281
Unrealized investment gains (losses), net of tax	(376)	238	(2,222)	623
Less: reclassification adjustments to:
Net realized investment gains (losses) included in net income (loss)	(4)	(1)	(4)	50
Income tax (benefit) expense	0	0	0	0
Total reclassifications included in net income (loss), net of tax	(4)	(1)	(4)	50
Other comprehensive income (loss)	(372)	239	(2,218)	573
Total comprehensive income (loss)	$ (1,485)	$ (828)	$ (3,118)	$ (2,293)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	No Par, Common Stock	Accumulated deficit	Accumulated Other Comprehensive Income (Loss)	Private placement	Private placementNo Par, Common Stock
Balance at beginning of period (in shares) at Dec. 31, 2016		7,633,070
Balance at beginning of period at Dec. 31, 2016	$ 67,794	$ 80,342	$ (11,468)	$ (1,080)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(2,866)		(2,866)
Restricted stock unit expense, net (in shares)		(1)
Restricted stock unit expense, net	466	$ 466
Other comprehensive income (loss)	573			573
Plus: cumulative effect of adoption of ASU No. 2018-02, net of taxes				0
Balance at end of period (in shares) at Jun. 30, 2017		7,633,069
Balance at end of period at Jun. 30, 2017	65,967	$ 80,808	(14,334)	(507)
Balance at beginning of period at Mar. 31, 2017				(746)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,067)
Other comprehensive income (loss)	239
Plus: cumulative effect of adoption of ASU No. 2018-02, net of taxes				0
Balance at end of period (in shares) at Jun. 30, 2017		7,633,069
Balance at end of period at Jun. 30, 2017	65,967	$ 80,808	(14,334)	(507)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(18,676)		(18,676)
Restricted stock unit expense, net (in shares)		87,259
Restricted stock unit expense, net	429	$ 429
Other comprehensive income (loss)	144			144
Issuance of common stock in private placement (in shares)						800,000
Issuance of common stock in private placement					$ 5,000	$ 5,000
Common stock issuance costs	(38)	$ (38)
Balance at end of period (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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adoption of ASU No. 2016-01, net of taxes	0		556	(556)
Plus: cumulative effect of adoption of ASU No. 2018-02, net of taxes				77
Balance at end of period at Mar. 31, 2018				(2,688)
Balance at beginning of period (in shares) at Dec. 31, 2017		8,520,328
Balance at beginning of period at Dec. 31, 2017	52,826	$ 86,199	(33,010)	(363)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(900)
Restricted stock unit expense, net	460	$ 460
Other comprehensive income (loss)	(2,218)
Plus: cumulative effect of adoption of ASU No. 2018-02, net of taxes	0		77	77
Balance at end of period (in shares) at Jun. 30, 2018		8,520,328
Balance at end of period at Jun. 30, 2018	50,168	$ 86,659	(33,431)	(3,060)
Balance at beginning of period at Mar. 31, 2018				(2,688)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,113)
Other comprehensive income (loss)	(372)
Plus: cumulative effect of adoption of ASU No. 2018-02, net of taxes				0
Balance at end of period (in shares) at Jun. 30, 2018		8,520,328
Balance at end of period at Jun. 30, 2018	$ 50,168	$ 86,659	$ (33,431)	$ (3,060)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Cash Flows From Operating Activities
Net income (loss)	$ (1,113)	$ (1,067)	$ (900)	$ (18,676)	$ (2,866)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization			175		199
Amortization of bond premium and discount, net			272		288
Net realized investment (gains) losses			(173)		8
Change in fair value of equity securities	(29)		268		0
Restricted stock unit expenses			460		466
Other	(89)	(60)	(144)		(164)
(Increase) decrease in:
Premiums and agents' balances and other receivables			(250)		2,547
Reinsurance recoverables			1,198		(4,977)
Prepaid reinsurance premiums			(17)		17
Deferred policy acquisition costs			760		641
Other assets			(1,894)		67
Increase (decrease) in:
Unpaid losses and loss adjustment expenses			(4,234)		12,266
Unearned premiums			(5,282)		(3,147)
Accounts payable and other liabilities			2,640		2,009
Net cash provided by (used in) operating activities			(7,121)		7,354
Cash Flows From Investing Activities
Purchase of investments			(41,360)		(96,012)
Proceeds from maturities and redemptions of investments			15,531		13,062
Proceeds from sales of investments			38,126		75,343
Purchases of property and equipment			(28)		(2)
Net cash provided by (used in) investing activities			12,269		(7,609)
Cash Flows From Financing Activities
Borrowings under debt arrangements			0		2,000
Repayment of borrowings under debt arrangements			0		(3,375)
Net cash provided by (used in) financing activities			0		(1,375)
Net increase (decrease) in cash			5,148		(1,630)
Cash at beginning of period			11,868	10,863	12,493
Cash at end of period	17,016	10,863	17,016	$ 11,868	10,863
Supplemental Disclosure of Cash Flow Information:
Interest paid			1,805		429
Payable for securities - non cash item	$ 1,000	$ 0	$ 1,000		$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The consolidated financial statements include accounts, after elimination of intercompany accounts and transactions, of Conifer Holdings, Inc. (the “Company” or “Conifer”), its wholly owned subsidiaries, Conifer Insurance Company ("CIC"), White Pine Insurance Company ("WPIC"), Red Cedar Insurance Company ("RCIC"), and Sycamore Insurance Agency, Inc. ("SIA"). CIC, WPIC, and RCIC are collectively referred to as the "Insurance Company Subsidiaries." On a stand-alone basis, Conifer Holdings, Inc. is referred to as the "Parent Company." The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The Company has applied the rules and regulations of the United States Securities and Exchange Commission (“SEC”) regarding interim financial reporting and therefore the consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements. In the opinion of management, all adjustments, consisting of items of a normal recurring nature, necessary for a fair presentation of the consolidated interim financial statements, have been included. The results of operations for the six months ended June 30, 2018 , are not necessarily indicative of the results expected for the year ended December 31, 2018 . These consolidated financial statements and the notes thereto should be read in conjunction with the Company's audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2017 , as filed with the SEC on March 15, 2018. Business The Company is engaged in the sale of property and casualty insurance products and has organized its business model around two classes of insurance businesses: commercial and personal lines. The Company underwrites a variety of specialty insurance products, including property, general liability, liquor liability, automobile, homeowners and dwelling policies. The Company markets and sells its insurance products through a network of independent agents and managing general agents. Policies are written in all 50 states. The Company’s corporate headquarters is located in Birmingham, Michigan with additional office facilities in Florida, Pennsylvania and Tennessee. The Company also generates other revenues through investment income and other income which mainly consists of installment fees and policy issuance fees generally related to the policies we write. We also generate equity earnings from SIA's 50% owned agency (the "Affiliate"). The Affiliate places small commercial risks mainly for alarm and security guard markets. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. While management believes the amounts included in the consolidated financial statements reflect management's best estimates and assumptions, actual results may differ from these estimates. Recently Issued Accounting Guidance Effective January 1, 2018, the Company adopted FASB Accounting Standards Update ("ASU") No. 2016-01, Financial Instruments (Topic 825): Recognition and Measurement of Financial Assets and Financial Liabilities . As a result of adoption of this ASU, equity instruments that do not result in consolidation and are not accounted for under the equity method are measured at fair value and any changes in fair value are recognized in net income. Previously, the Company’s equity securities were classified as available-for-sale and changes in fair value were recorded in other comprehensive income. Upon adoption of this ASU, cumulative net unrealized gains on equity securities of $1.1 million , net of deferred income taxes of $0.5 million , were reclassified from accumulated other comprehensive income into accumulated deficit. Prior periods have not been recast to conform to the current presentation. See Note 2 ~ Investments for details regarding the change in net unrealized gains on equity securities included in net income for the current quarter ended June 30, 2018 . Effective January 1, 2018, the Company early adopted ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The ASU provides an option to reclassify tax effects remaining in accumulated other comprehensive income as a result of the Tax Cuts and Jobs Act (TCJA) to retained earnings. Upon enactment of the TCJA, the U.S. corporate tax rate was reduced from 35% to 21% and the Company's U.S. deferred tax balances were remeasured to the lower enacted U.S. corporate tax rate. GAAP requires the effects of changes in tax rates and laws on deferred tax balances to be recorded as a component of income tax expense in the period of enactment, even if the assets and liabilities relate to items of accumulated other comprehensive income. As a result of adopting the ASU, the Company reclassified $77,000 of previously recognized deferred taxes from accumulated other comprehensive income into accumulated deficit as of January 1, 2018. 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.

Investments

Investments	6 Months Ended
	Jun. 30, 2018
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 June 30, 2018 and December 31, 2017 , were as follows (dollars in thousands): June 30, 2018 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Debt Securities: U.S. Government $ 16,007 $ 2 $ (266 ) $ 15,743 State and local government 16,536 96 (221 ) 16,411 Corporate debt 32,201 79 (739 ) 31,541 Asset-backed securities 25,780 27 (153 ) 25,654 Mortgage-backed securities 32,554 11 (1,331 ) 31,234 Commercial mortgage-backed securities 3,916 — (96 ) 3,820 Collateralized mortgage obligations 2,328 9 (63 ) 2,274 Total debt securities available for sale 129,322 224 (2,869 ) 126,677 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 (1) 8,629 1,240 (182 ) 9,687 Total securities available for sale $ 145,633 $ 1,771 $ (1,181 ) $ 146,223 (1) Effective January 1, 2018, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale. Prior periods have not been recast to conform to the current presentation. Refer to Note 1 ~ Summary of Significant Accounting Policies for further details. 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): June 30, 2018 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 13 $ 13,457 $ (218 ) 6 $ 1,958 $ (48 ) 19 $ 15,415 $ (266 ) State and local government 36 9,190 (163 ) 7 1,371 (58 ) 43 10,561 (221 ) Corporate debt 55 17,978 (327 ) 8 5,481 (412 ) 63 23,459 (739 ) Asset-backed securities 32 17,619 (145 ) 3 558 (8 ) 35 18,177 (153 ) Mortgage-backed securities 19 8,208 (223 ) 27 22,162 (1,108 ) 46 30,370 (1,331 ) Commercial mortgage-backed securities 4 2,718 (37 ) 2 659 (59 ) 6 3,377 (96 ) Collateralized mortgage obligations 10 1,881 (63 ) — — — 10 1,881 (63 ) Total debt securities available for sale 169 71,051 (1,176 ) 53 32,189 (1,693 ) 222 103,240 (2,869 ) 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 (1) 13 436 (75 ) 4 266 (107 ) 17 702 (182 ) Total securities available for sale 110 $ 53,517 $ (301 ) 59 $ 37,028 $ (880 ) 169 $ 90,545 $ (1,181 ) (1) Effective January 1, 2018, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale. Prior periods have not been recast to conform to the current presentation. Refer to Note 1 ~ Summary of Significant Accounting Policies for further details. The Company analyzed its investment portfolio in accordance with its other-than-temporary impairment ("OTTI") review procedures and determined the Company did not need to record a credit-related OTTI loss in net income, nor recognize a non-credit related OTTI loss in other comprehensive income for the six months ended June 30, 2018 and 2017 . The Company’s sources of net investment income are as follows (dollars in thousands): Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Debt securities $ 868 $ 696 $ 1,694 $ 1,297 Equity securities 38 25 65 50 Cash and short-term investments 13 16 36 27 Total investment income 919 737 1,795 1,374 Investment expenses (81 ) (74 ) (156 ) (134 ) Net investment income $ 838 $ 663 $ 1,639 $ 1,240 The following table summarizes the gross realized gains and losses from sales or maturities of available-for-sale debt and equity securities (dollars in thousands): Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Debt securities: Gross realized gains $ — $ — $ 2 $ — Gross realized losses (10 ) — (15 ) (7 ) Total debt securities (10 ) — (13 ) (7 ) Equity securities: Gross realized gains 36 — 206 29 Gross realized losses (14 ) — (20 ) (30 ) Total equity securities 22 — 186 (1 ) Total net realized investment gains (losses) $ 12 $ — $ 173 $ (8 ) Proceeds from the sales of debt securities, maturities and other redemptions (primarily the return of capital) were $20.1 million and $13.6 million for the six months ended June 30, 2018 and 2017 , respectively. Effective January 1, 2018, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale with unrealized gains and losses recognized in other comprehensive income; rather, all changes in fair value of equity securities are now recognized in net income. The change in fair value of equity securities included in net income for three and six month ended June 30, 2018 , was a $29,000 gain and a $268,000 loss. Prior periods have not been recast for the adoption of this guidance. The table below summarizes the amortized cost and fair value of available-for-sale debt securities by contractual maturity at June 30, 2018 . 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 $ 7,205 $ 7,190 Due after one year through five years 35,846 35,292 Due after five years through ten years 12,154 11,832 Due after ten years 9,539 9,381 Securities with contractual maturities 64,744 63,695 Asset-backed securities 25,780 25,654 Mortgage-backed securities $ 32,554 $ 31,234 Commercial mortgage-backed securities $ 3,916 $ 3,820 Collateralized mortgage obligations $ 2,328 $ 2,274 Total debt securities $ 129,322 $ 126,677 At June 30, 2018 and December 31, 2017 , the Insurance Company Subsidiaries had an aggregate of $8.2 million on deposit in trust accounts to meet the deposit requirements of various state insurance departments. At June 30, 2018 and December 31, 2017 , the Company had $32.1 million and $18.4 million , respectively, held in trust accounts to meet collateral requirements with other third-party insurers, relating to various fronting arrangements. There are withdrawal and other restrictions on these deposits, including the type of investments that may be held, however, the Company may generally invest in high-grade bonds and short-term investments and earn interest on the funds.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s financial instruments include assets and liabilities carried at fair value, as well as assets and liabilities carried at cost or amortized cost but disclosed at fair value in these consolidated financial statements. Fair value is defined as the price that would be received for an asset or paid to transfer a liability in the principally most advantageous market for the asset or liability in an orderly transaction between market participants. In determining fair value, the Company applies the market approach, which uses prices and other relevant data based on market transactions involving identical or comparable assets and liabilities. The inputs to valuation techniques used to measure fair value are prioritized into a three-level hierarchy. The hierarchy gives the highest priority to quoted prices from sources independent of the reporting entity (“observable inputs”) and the lowest priority to prices determined by the reporting entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (“unobservable inputs”). The fair value hierarchy is as follows: Level 1 —Valuations that are based on quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 —Valuations that are based on observable inputs (other than Level 1 prices) such as quoted prices for similar assets or liabilities at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 —Unobservable inputs that are supported by little or no market activity. The unobservable inputs represent the Company’s best assumption of how market participants would price the assets or liabilities. The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis, classified by the valuation hierarchy as of June 30, 2018 and December 31, 2017 (dollars in thousands): June 30, 2018 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 $ 15,743 $ — $ 15,743 $ — State and local government 16,411 — 16,411 — Corporate debt 31,541 — 31,541 — Asset-backed securities 25,654 — 25,654 — Mortgage-backed securities 31,234 — 31,234 — Commercial mortgage-backed securities 3,820 — 3,820 — Collateralized mortgage obligations 2,274 — 2,274 — Total debt securities 126,677 — 126,677 — Equity Securities 5,377 5,113 264 — Short-term investments 4,364 4,364 — — Total marketable investments measured at fair value $ 136,418 $ 9,477 $ 126,941 $ — Investments measured at NAV: Investment in limited partnership $ 4,153 Total investments measured at NAV $ 4,153 Total assets measured at fair value $ 140,571 Liabilities: Debt * $ 29,800 $ — $ — $ 29,800 Total Liabilities measured at fair value $ 29,800 $ — $ — $ 29,800 * Carried at cost or amortized cost on the consolidated balance sheet 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 marketable 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 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 6.7% of the fair value of the total investment portfolio as of June 30, 2018 . 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 90.3% of the fair value of the total investment portfolio as of June 30, 2018 . 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 June 30, 2018 , Level 3 is entirely comprised of the Company's subordinated debt. In determining the fair value of the subordinated debt outstanding at June 30, 2018 , 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 June 30, 2018 , 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 six months ended June 30, 2018 and 2017 , respectively.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	6 Months Ended
	Jun. 30, 2018
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 six months ended June 30, 2018 and 2017 . The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): Three Months Ended Six Months Ended 2018 2017 2018 2017 Balance at beginning of period $ 12,050 $ 12,956 $ 12,781 $ 13,290 Deferred policy acquisition costs 6,443 6,121 12,225 12,259 Amortization of policy acquisition costs (6,472 ) (6,428 ) (12,985 ) (12,900 ) Net change (29 ) (307 ) (760 ) (641 ) Balance at end of period $ 12,021 $ 12,649 $ 12,021 $ 12,649

Unpaid Losses and Loss Adjustme

Unpaid Losses and Loss Adjustment Expenses	6 Months Ended
	Jun. 30, 2018
Insurance Loss Reserves [Abstract]
Unpaid Losses and Loss Adjustment Expenses	Unpaid Losses and Loss Adjustment Expenses The Company establishes reserves for unpaid losses and loss adjustment expenses ("LAE") which represent the estimated ultimate cost of all losses incurred that were both reported and unreported (i.e., incurred but not yet reported losses; or “IBNR”) and LAE incurred that remain unpaid at the balance sheet date. The Company’s reserving process takes into account known facts and interpretations of circumstances and factors including the Company’s experience with similar cases, actual claims paid, historical trends involving claim payment patterns and pending levels of unpaid claims, loss management programs, product mix and contractual terms, changes in law and regulation, judicial decisions, and economic conditions. In the normal course of business, the Company may also supplement its claims processes by utilizing third party adjusters, appraisers, engineers, inspectors, and other professionals and information sources to assess and settle catastrophe and non-catastrophe related claims. The effects of inflation are implicitly considered in the reserving process. Reserves are estimates of unpaid portions of losses that have occurred, including IBNR losses; therefore the establishment of appropriate reserves is an inherently uncertain and complex process. The ultimate cost of losses may vary materially from recorded amounts, which are based on management’s best estimates. The highest degree of uncertainty is associated with reserves for losses incurred in the current reporting period as it contains the greatest proportion of losses that have not been reported or settled. The Company regularly updates its reserve estimates as new information becomes available and as events unfold that may affect the resolution of unsettled claims. Changes in reserve estimates, which may be material, are reported in the results of operations in the period such changes are determined to be needed and recorded. Management believes that the reserve for losses and LAE, net of reinsurance recoverables, is appropriately established in the aggregate and adequate to cover the ultimate net cost of reported and unreported claims arising from losses which had occurred by the date of the consolidated financial statements based on available facts and in accordance with applicable laws and regulations. The table below provides the changes in the reserves for losses and LAE, net of reinsurance recoverables, for the periods indicated as follows (dollars in thousands): Three Months Ended Six Months Ended 2018 2017 2018 2017 Gross reserves - beginning of period $ 85,491 $ 62,135 $ 87,896 $ 54,651 Less: reinsurance recoverables on unpaid losses 20,063 9,125 20,066 6,658 Plus: deferred gain on ADC (1,431 ) — — — Net reserves - beginning of period 66,859 53,010 67,830 47,993 Add: incurred losses and LAE, net of reinsurance: Current period 13,581 12,397 26,926 25,051 Prior period 1,486 4,277 1,470 7,356 Total net incurred losses and LAE 15,067 16,674 28,396 32,407 Deduct: loss and LAE payments, net of reinsurance: Current period 4,437 5,313 6,026 7,216 Prior period 11,882 8,006 24,593 16,819 Total net loss and LAE payments 16,319 13,319 30,619 24,035 Net reserves - end of period 65,607 56,365 65,607 56,365 Plus: reinsurance recoverables on unpaid losses 20,467 10,552 20,467 10,552 Less: deferred gain on ADC (2,412 ) — (2,412 ) — Gross reserves - end of period $ 83,662 $ 66,917 $ 83,662 $ 66,917 On September 28, 2017, the Company entered into an adverse development cover reinsurance agreement (the "ADC") to cover loss development of up to $17.5 million in excess of stated reserves as of June 30, 2017. The agreement provides up to $17.5 million of reinsurance for adverse net loss reserve development for accident years 2005 through 2016. The agreement attaches when net losses exceed $1.4 million of the $36.6 million carried reserves at June 30, 2017, and extends to $19.5 million in coverage up to $57.5 million (inclusive of a 10% co-participation). The Company accounts for the agreement as retroactive reinsurance. For the three and six months ended June 30, 2018 , the Company recorded $1.5 million and $3.2 million of net adverse loss development covered under this agreement, which increased the retroactive reinsurance recoverable to $10.4 million , leaving $7.1 million of coverage remaining on the ADC. The Company recorded the retroactive reinsurance recoverable in excess of the consideration as a deferred gain that is amortized to earnings using the interest method over the estimated claims settlement period. As of June 30, 2018 , the deferred gain of $2.4 million , net of amortization, is included in Other Liabilities on the consolidated balance sheets. The Company’s incurred losses during the three and six months ended June 30, 2018 , included adverse prior-year reserve development of $1.5 million , respectively. Before the effect of the ADC deferred gain, the commercial lines of business reported $1.2 million of adverse prior-year development and $900,000 of adverse development from the personal lines of business for the three months ended June 30, 2018 . Before the effect of the ADC deferred gain, the commercial lines of business reported $1.1 million of adverse prior-year development and $1.3 million of adverse development from the personal lines of business for the six months ended June 30, 2018 . Included in the unfavorable development was $121,000 and $388,000 attributable to additional 2017 losses from Hurricane Harvey for the three and six months ended June 30, 2018 , respectively. The ADC had a favorable impact of $583,000 and $862,000 on prior year reserve development for the three and six months ended June 30, 2018 , respectively. The Company’s incurred losses during the three and six months ended June 30, 2017, include prior-year adverse reserve development of $4.3 million and $7.4 million , respectively. In the second quarter of 2017, there was adverse development of $1.6 million from the commercial liability line of business, $1.3 million from the Florida homeowners line, $613,000 from the commercial property line and $245,000 from the commercial auto line of business. For the six months ended June 30, 2017, there was adverse development of $2.9 million from the commercial liability line of business, $2.3 million from the commercial property line, $1.7 million from the Florida homeowners line, and $329,000 from the commercial auto line of business.

Reinsurance

Reinsurance	6 Months Ended
	Jun. 30, 2018
Reinsurance Disclosures [Abstract]
Reinsurance	Reinsurance In the normal course of business, the Company seeks to minimize the loss that may arise from catastrophes or other events that cause unfavorable underwriting results by reinsuring certain levels of risk in various areas of exposure with reinsurers. The Company participates in reinsurance agreements in order to limit its loss exposure including protecting against catastrophe losses. The Company primarily ceded all specific commercial risks in excess of $500,000 in both 2018 and 2017 . Reinsurance does not discharge the direct insurer from liability to its policyholders. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company evaluates the financial condition of its reinsurers and monitors the concentration of credit risk arising from similar geographic regions, activities, or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. To date, the Company has not experienced any significant difficulties in collecting reinsurance recoverables. The Company assumes written premiums under a few fronting arrangements, most of which are net of other reinsurance arrangements. The fronting arrangements are with unaffiliated insurers who write on behalf of the Company in markets that require a higher A.M. Best rating than the Company’s current rating, where the policies are written in a state where the Company is not licensed or for other strategic reasons. The consideration for the ADC entered into in the third quarter of 2017 was a payment of $7.2 million , which resulted in a one-time charge to ceded premiums fully earned in the third quarter of 2017. There is a 35% contingent recovery depending on the performance of the reserves over time. No recovery is currently reflected in the financial statements. The following table presents the effects of such reinsurance and assumption transactions on premiums and losses and LAE (dollars in thousands). The 2018 ceded written and earned premium amounts include $173,000 and $540,000 of reinsurance reinstatement costs relating to Hurricane Irma for the three and six months ended June 30, 2018 , respectively. Three Months Ended Six Months Ended 2018 2017 2018 2017 Written premiums: Direct $ 17,568 $ 20,719 $ 36,423 $ 41,619 Assumed 8,994 6,262 13,876 11,836 Ceded (3,967 ) (3,899 ) (7,860 ) (8,048 ) Net written premiums $ 22,595 $ 23,082 $ 42,439 $ 45,407 Earned premiums: Direct $ 20,561 $ 21,960 $ 41,785 $ 44,020 Assumed 7,295 6,378 13,796 12,582 Ceded (3,918 ) (3,841 ) (7,842 ) (7,965 ) Net earned premiums $ 23,938 $ 24,497 $ 47,739 $ 48,637 Losses and LAE: Direct $ 14,432 $ 16,194 $ 27,390 $ 32,227 Assumed 3,414 4,830 6,969 8,704 Ceded (2,779 ) (4,350 ) (5,963 ) (8,524 ) Net Losses and LAE $ 15,067 $ 16,674 $ 28,396 $ 32,407

Debt

Debt	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Debt	Debt The Company's debt is comprised of two instruments: a $10.0 million line of credit which commenced in June 2018 and $30.0 million of subordinated notes which commenced in September 2017. A summary of the Company's outstanding debt is as follows (dollars in thousands): June 30, 2018 December 31, 2017 Subordinated notes $ 29,060 $ 29,027 Line of credit — — Total $ 29,060 $ 29,027 On June 21, 2018, the Company entered into a $10.0 million line of credit. The agreement has a maturity date of June 21, 2019 and bears interest at the London Interbank rate ("LIBOR") plus 2.75% per annum, payable monthly. The agreement includes several covenants, including but not limited to a minimum tangible net worth, a minimum fixed charge coverage ratio, and minimum statutory risk-based capital levels. The new financing replaced the Company's previous senior debt facility ("Credit Facility"). As of June 30, 2018 , the Company has not drawn down on the line of credit. On September 29, 2017, the Company executed $30.0 million in private placement subordinated notes (the "Notes"). The Notes have a maturity date of September 29, 2032, bear interest, payable quarterly at a fixed annual rate of 8.0% , and allow for up to four quarterly interest deferrals. On the fifth and tenth anniversary of the notes, the interest rate resets to 1,250 basis points and 1,500 basis points, respectively, above the 5 -year mid-swap rate. The Notes include an issuer call option at par from July 31, 2018, through October 31, 2018, and at 105% of par any time after September 29, 2020. The carrying value of the Notes is offset by $940,000 of debt issuance costs that will be amortized through interest expense over the life of the loan. Proceeds from the Notes were used to pay off the Company's previous Credit Facility, which was terminated upon execution of the Notes and had total outstanding balances of $16.4 million . The Credit Facility was comprised of three notes: a $17.5 million revolving line of credit which commenced in October 2013; a $5.0 million five -year term note which commenced in October 2013; and a $7.5 million five -year term note which commenced in September 2014. 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. On June 21, 2018, certain amendments were made to the Notes agreement to conform to the senior debt facility. The amendments include clarification of certain key terms, and debt covenant metrics. At June 30, 2018 , the Company was in compliance with all of its subordinated debt financial covenants.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity In September 2017, the Company issued $5.0 million of common equity through a private placement for 800,000 shares priced at $6.25 per share. 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 subsidiaries to support their future growth, as well as 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 was authorized to repurchase shares at prevailing market prices through open market purchases, privately negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b5-1 and 10b-18 of the Securities Exchange Act of 1934, as amended. The actual timing, number and value of shares repurchased under the program was determined by management in its discretion and depends on a number of factors, including the market price of the Company’s stock, general market conditions, and other factors. For the six months ended June 30, 2018 and 2017, the Company had not repurchased any shares of stock. Repurchased shares remain authorized but not issued or outstanding, and are available to be reissued in the future. As of June 30, 2018 and December 31, 2017, the Company had 8,520,328 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.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2018
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 (dollars in thousands): Three Months Ended Six Months Ended 2018 2017 2018 2017 Balance at beginning of period $ (2,688 ) $ (746 ) $ (363 ) $ (1,080 ) Other comprehensive income (loss) before reclassifications (376 ) 238 (2,222 ) 623 Less: amounts reclassified from accumulated other comprehensive income (loss) (4 ) (1 ) (4 ) 50 Net current period other comprehensive income (loss) (372 ) 239 (2,218 ) 573 Plus: cumulative effect of adoption of ASU No. 2016-01, net of taxes — — (556 ) — Plus: cumulative effect of adoption of ASU No. 2018-02, net of taxes — — 77 — Balance at end of period $ (3,060 ) $ (507 ) $ (3,060 ) $ (507 )

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic and diluted earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except per share amounts): Three Months Ended Six Months Ended 2018 2017 2018 2017 Net income (loss) $ (1,113 ) $ (1,067 ) $ (900 ) $ (2,866 ) Weighted average common shares, basic and diluted* 8,520,328 7,633,069 8,520,328 7,633,069 Earnings (loss) per common share, basic and diluted $ (0.13 ) $ (0.14 ) $ (0.11 ) $ (0.38 ) * The 362,000 and 404,000 nonvested shares of the restricted stock units were anti-dilutive as of June 30, 2018 and June 30, 2017 , respectively. Therefore, the basic and diluted weighted average common shares are equal for the three and six months ended June 30, 2018 and June 30, 2017 .

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	Stock-based Compensation In 2015, the Company issued 390,352 restricted stock units ("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 dates 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. In 2018, the Company issued 70,000 RSUs to executive officers and other employees valued at $404,000 on the dates of grant. The following summarizes our RSU activity (units in thousands): Number of Units Weighted Average Grant-Date Fair Value Outstanding at December 31, 2016 416 $ 9.87 Units granted — — Units vested — — Units forfeited (12 ) 9.87 Outstanding at June 30, 2017 404 $ 9.87 Units granted — — Units vested (95 ) 9.97 Units forfeited (2 ) 10.36 Outstanding at December 31, 2017 307 $ 9.84 Units granted 70 5.76 Units vested — — Units forfeited (15 ) 8.76 Outstanding at June 30, 2018 362 $ 9.09 The Company recorded $460,000 and $466,000 of compensation expense related to the RSUs for the six months ended June 30, 2018 and 2017 , respectively. The total compensation cost related to the non-vested portion of the restricted stock units which has not been recognized as of June 30, 2018 , was $3.3 million .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal proceedings The Company and its subsidiaries are subject at times to various claims, lawsuits and proceedings relating principally to alleged errors or omissions in the placement of insurance, claims administration, and other business transactions arising in the ordinary course of business. Where appropriate, the Company vigorously defends such claims, lawsuits and proceedings. Some of these claims, lawsuits and proceedings seek damages, including consequential, exemplary or punitive damages, in amounts that could, if awarded, be significant. Most of the claims, lawsuits and proceedings arising in the ordinary course of business are related to the insurance policy issued. On the basis of current information, the Company does not believe that there is a reasonable possibility that any material loss exceeding amounts already accrued, if any, will result from any of the claims, lawsuits and proceedings to which the Company is subject, either individually, or in the aggregate.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is engaged in the sale of property and casualty insurance products and has organized its business model around two classes of insurance businesses: commercial and personal lines. Within these two insurance businesses, the Company offers various insurance products. Such insurance businesses are engaged in underwriting and marketing insurance coverages, and administering claims processing for such policies. The Company defines its operating segments as components of the business where separate financial information is available and used by the chief operating decision-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 six months ended June 30, 2018 and 2017 , gross written premiums attributable to these four states were 59% and 62% , respectively, of the Company’s total gross written premiums. In addition to the reportable operating segments, the Company maintains a Corporate and Other category to reconcile segment results to the consolidated totals. The Corporate and Other category includes: (i) corporate operating expenses such as salaries and related benefits of the Company’s executive management team and finance and information technology personnel, and other corporate headquarters expenses, (ii) interest expense on the Company’s debt obligations; (iii) depreciation and amortization on property and equipment, and (iv) all investment income activity. All investment income activity is reported within net investment income and net realized investment gains on the consolidated statements of operations. The Company’s assets on the consolidated balance sheet are not allocated to the reportable segments. The following tables present information by reportable operating segment (dollars in thousands): Three Months Ended June 30, 2018 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 25,008 $ 1,554 $ — $ 26,562 Net written premiums $ 22,284 $ 311 $ — $ 22,595 Net earned premiums $ 20,872 $ 3,066 $ — $ 23,938 Other income 162 213 75 450 Total revenue 21,034 3,279 75 24,388 Losses and loss adjustment expenses, net 12,334 2,733 — 15,067 Policy acquisition costs 5,144 1,328 — 6,472 Operating expenses 3,827 348 128 4,303 Total expenses 21,305 4,409 128 25,842 Underwriting gain (loss) $ (271 ) $ (1,130 ) $ (53 ) $ (1,454 ) Net investment income 838 838 Net realized investment gains 12 12 Change in fair value of equity securities 29 29 Interest expense $ (617 ) $ (617 ) Income (loss) before equity earnings of affiliates and income taxes $ 209 $ (1,192 ) Three Months Ended June 30, 2017 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 21,106 $ 5,875 $ — $ 26,981 Net written premiums $ 18,916 $ 4,166 $ — $ 23,082 Net earned premiums $ 20,094 $ 4,403 $ — $ 24,497 Other income 158 169 45 372 Total revenue 20,252 4,572 45 24,869 Losses and loss adjustment expenses, net 11,761 4,913 — 16,674 Policy acquisition costs 4,997 1,431 — 6,428 Operating expenses 2,437 589 1,344 4,370 Total expenses 19,195 6,933 1,344 27,472 Underwriting gain (loss) $ 1,057 $ (2,361 ) (1,299 ) (2,603 ) Net investment income 663 663 Net realized investment gains — — Other gains 750 750 Interest expense (219 ) (219 ) Income (loss) before equity earnings of affiliates and income taxes $ (105 ) $ (1,409 ) Six Months Ended June 30, 2018 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 46,796 $ 3,503 $ — $ 50,299 Net written premiums $ 41,706 $ 733 $ — $ 42,439 Net earned premiums $ 41,000 $ 6,739 $ — $ 47,739 Other income 305 393 109 807 Total revenue 41,305 7,132 109 48,546 Losses and loss adjustment expenses, net 22,535 5,861 — 28,396 Policy acquisition costs 10,587 2,398 — 12,985 Operating expenses 7,324 718 447 8,489 Total expenses 40,446 8,977 447 49,870 Underwriting gain (loss) $ 859 $ (1,845 ) (338 ) (1,324 ) Net investment income 1,639 1,639 Net realized investment gains 173 173 Change in fair value of equity securities (268 ) (268 ) Interest Expense (1,236 ) (1,236 ) Income (loss) before equity earnings of affiliates and income taxes $ (30 ) $ (1,016 ) Six Months Ended June 30, 2017 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 42,750 $ 10,705 $ — $ 53,455 Net written premiums $ 38,395 $ 7,012 $ — $ 45,407 Net earned premiums $ 39,782 $ 8,855 $ — $ 48,637 Other income 323 320 83 726 Total revenue 40,105 9,175 83 49,363 Losses and loss adjustment expenses, net 24,229 8,178 — 32,407 Policy acquisition costs 10,020 2,880 — 12,900 Operating expenses 4,909 1,159 2,832 8,900 Total expenses 39,158 12,217 2,832 54,207 Underwriting gain (loss) $ 947 $ (3,042 ) (2,749 ) (4,844 ) Net investment income 1,240 1,240 Net realized investment gains (losses) (8 ) (8 ) Other gains 750 750 Interest expense (443 ) (443 ) Income (loss) before equity earnings of affiliates and income taxes $ (1,210 ) $ (3,305 )

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include accounts, after elimination of intercompany accounts and transactions, of Conifer Holdings, Inc. (the “Company” or “Conifer”), its wholly owned subsidiaries, Conifer Insurance Company ("CIC"), White Pine Insurance Company ("WPIC"), Red Cedar Insurance Company ("RCIC"), and Sycamore Insurance Agency, Inc. ("SIA"). CIC, WPIC, and RCIC are collectively referred to as the "Insurance Company Subsidiaries." On a stand-alone basis, Conifer Holdings, Inc. is referred to as the "Parent Company." The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The Company has applied the rules and regulations of the United States Securities and Exchange Commission (“SEC”) regarding interim financial reporting and therefore the consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements. In the opinion of management, all adjustments, consisting of items of a normal recurring nature, necessary for a fair presentation of the consolidated interim financial statements, have been included. The results of operations for the six months ended June 30, 2018 , are not necessarily indicative of the results expected for the year ended December 31, 2018 . These consolidated financial statements and the notes thereto should be read in conjunction with the Company's audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2017 , as filed with the SEC on March 15, 2018.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. While management believes the amounts included in the consolidated financial statements reflect management's best estimates and assumptions, actual results may differ from these estimates.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance Effective January 1, 2018, the Company adopted FASB Accounting Standards Update ("ASU") No. 2016-01, Financial Instruments (Topic 825): Recognition and Measurement of Financial Assets and Financial Liabilities . As a result of adoption of this ASU, equity instruments that do not result in consolidation and are not accounted for under the equity method are measured at fair value and any changes in fair value are recognized in net income. Previously, the Company’s equity securities were classified as available-for-sale and changes in fair value were recorded in other comprehensive income. Upon adoption of this ASU, cumulative net unrealized gains on equity securities of $1.1 million , net of deferred income taxes of $0.5 million , were reclassified from accumulated other comprehensive income into accumulated deficit. Prior periods have not been recast to conform to the current presentation. See Note 2 ~ Investments for details regarding the change in net unrealized gains on equity securities included in net income for the current quarter ended June 30, 2018 . Effective January 1, 2018, the Company early adopted ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The ASU provides an option to reclassify tax effects remaining in accumulated other comprehensive income as a result of the Tax Cuts and Jobs Act (TCJA) to retained earnings. Upon enactment of the TCJA, the U.S. corporate tax rate was reduced from 35% to 21% and the Company's U.S. deferred tax balances were remeasured to the lower enacted U.S. corporate tax rate. GAAP requires the effects of changes in tax rates and laws on deferred tax balances to be recorded as a component of income tax expense in the period of enactment, even if the assets and liabilities relate to items of accumulated other comprehensive income. As a result of adopting the ASU, the Company reclassified $77,000 of previously recognized deferred taxes from accumulated other comprehensive income into accumulated deficit as of January 1, 2018. 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.
Fair Value Measurements	Level 1 investments consist of equity securities traded in an active exchange market. The Company uses unadjusted quoted prices for identical instruments to measure fair value. Level 1 also includes money market funds and other interest-bearing deposits at banks, which are reported as short-term investments. The fair value measurements that were based on Level 1 inputs comprise 6.7% of the fair value of the total investment portfolio as of June 30, 2018 . 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 90.3% of the fair value of the total investment portfolio as of June 30, 2018 . 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 June 30, 2018 , Level 3 is entirely comprised of the Company's subordinated debt. In determining the fair value of the subordinated debt outstanding at June 30, 2018 , 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 June 30, 2018 , 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 six months ended June 30, 2018 and 2017 , respectively. The Company’s financial instruments include assets and liabilities carried at fair value, as well as assets and liabilities carried at cost or amortized cost but disclosed at fair value in these consolidated financial statements. Fair value is defined as the price that would be received for an asset or paid to transfer a liability in the principally most advantageous market for the asset or liability in an orderly transaction between market participants. In determining fair value, the Company applies the market approach, which uses prices and other relevant data based on market transactions involving identical or comparable assets and liabilities. The inputs to valuation techniques used to measure fair value are prioritized into a three-level hierarchy. The hierarchy gives the highest priority to quoted prices from sources independent of the reporting entity (“observable inputs”) and the lowest priority to prices determined by the reporting entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (“unobservable inputs”). The fair value hierarchy is as follows: Level 1 —Valuations that are based on quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 —Valuations that are based on observable inputs (other than Level 1 prices) such as quoted prices for similar assets or liabilities at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 —Unobservable inputs that are supported by little or no market activity. The unobservable inputs represent the Company’s best assumption of how market participants would price the assets or liabilities.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2018
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 June 30, 2018 and December 31, 2017 , were as follows (dollars in thousands): June 30, 2018 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Debt Securities: U.S. Government $ 16,007 $ 2 $ (266 ) $ 15,743 State and local government 16,536 96 (221 ) 16,411 Corporate debt 32,201 79 (739 ) 31,541 Asset-backed securities 25,780 27 (153 ) 25,654 Mortgage-backed securities 32,554 11 (1,331 ) 31,234 Commercial mortgage-backed securities 3,916 — (96 ) 3,820 Collateralized mortgage obligations 2,328 9 (63 ) 2,274 Total debt securities available for sale 129,322 224 (2,869 ) 126,677 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 (1) 8,629 1,240 (182 ) 9,687 Total securities available for sale $ 145,633 $ 1,771 $ (1,181 ) $ 146,223 (1) Effective January 1, 2018, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale. Prior periods have not been recast to conform to the current presentation. Refer to Note 1 ~ Summary of Significant Accounting Policies for further details.
Schedule of Unrealized Loss Positions	The following table summarizes the aggregate fair value and gross unrealized losses, by security type, of the available-for-sale securities in unrealized loss positions. The table segregates the holdings based on the length of time that individual securities have been in a continuous unrealized loss position, as follows (dollars in thousands): June 30, 2018 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 13 $ 13,457 $ (218 ) 6 $ 1,958 $ (48 ) 19 $ 15,415 $ (266 ) State and local government 36 9,190 (163 ) 7 1,371 (58 ) 43 10,561 (221 ) Corporate debt 55 17,978 (327 ) 8 5,481 (412 ) 63 23,459 (739 ) Asset-backed securities 32 17,619 (145 ) 3 558 (8 ) 35 18,177 (153 ) Mortgage-backed securities 19 8,208 (223 ) 27 22,162 (1,108 ) 46 30,370 (1,331 ) Commercial mortgage-backed securities 4 2,718 (37 ) 2 659 (59 ) 6 3,377 (96 ) Collateralized mortgage obligations 10 1,881 (63 ) — — — 10 1,881 (63 ) Total debt securities available for sale 169 71,051 (1,176 ) 53 32,189 (1,693 ) 222 103,240 (2,869 ) 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 (1) 13 436 (75 ) 4 266 (107 ) 17 702 (182 ) Total securities available for sale 110 $ 53,517 $ (301 ) 59 $ 37,028 $ (880 ) 169 $ 90,545 $ (1,181 ) (1) Effective January 1, 2018, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale. Prior periods have not been recast to conform to the current presentation. Refer to Note 1 ~ Summary of Significant Accounting Policies for further details.
Schedule of Investment Income	The Company’s sources of net investment income are as follows (dollars in thousands): Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Debt securities $ 868 $ 696 $ 1,694 $ 1,297 Equity securities 38 25 65 50 Cash and short-term investments 13 16 36 27 Total investment income 919 737 1,795 1,374 Investment expenses (81 ) (74 ) (156 ) (134 ) Net investment income $ 838 $ 663 $ 1,639 $ 1,240
Schedule of Gross Realized Gains and Losses on Securities	The following table summarizes the gross realized gains and losses from sales or maturities of available-for-sale debt and equity securities (dollars in thousands): Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Debt securities: Gross realized gains $ — $ — $ 2 $ — Gross realized losses (10 ) — (15 ) (7 ) Total debt securities (10 ) — (13 ) (7 ) Equity securities: Gross realized gains 36 — 206 29 Gross realized losses (14 ) — (20 ) (30 ) Total equity securities 22 — 186 (1 ) Total net realized investment gains (losses) $ 12 $ — $ 173 $ (8 )
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 June 30, 2018 . 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 $ 7,205 $ 7,190 Due after one year through five years 35,846 35,292 Due after five years through ten years 12,154 11,832 Due after ten years 9,539 9,381 Securities with contractual maturities 64,744 63,695 Asset-backed securities 25,780 25,654 Mortgage-backed securities $ 32,554 $ 31,234 Commercial mortgage-backed securities $ 3,916 $ 3,820 Collateralized mortgage obligations $ 2,328 $ 2,274 Total debt securities $ 129,322 $ 126,677

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value	The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis, classified by the valuation hierarchy as of June 30, 2018 and December 31, 2017 (dollars in thousands): June 30, 2018 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 $ 15,743 $ — $ 15,743 $ — State and local government 16,411 — 16,411 — Corporate debt 31,541 — 31,541 — Asset-backed securities 25,654 — 25,654 — Mortgage-backed securities 31,234 — 31,234 — Commercial mortgage-backed securities 3,820 — 3,820 — Collateralized mortgage obligations 2,274 — 2,274 — Total debt securities 126,677 — 126,677 — Equity Securities 5,377 5,113 264 — Short-term investments 4,364 4,364 — — Total marketable investments measured at fair value $ 136,418 $ 9,477 $ 126,941 $ — Investments measured at NAV: Investment in limited partnership $ 4,153 Total investments measured at NAV $ 4,153 Total assets measured at fair value $ 140,571 Liabilities: Debt * $ 29,800 $ — $ — $ 29,800 Total Liabilities measured at fair value $ 29,800 $ — $ — $ 29,800 * Carried at cost or amortized cost on the consolidated balance sheet 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 marketable 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

Deferred Policy Acquisition C24

Deferred Policy Acquisition Costs (Tables)	6 Months Ended
	Jun. 30, 2018
Deferred Policy Acquisition Costs Disclosures [Abstract]
Summary of Deferred Policy Acquisition Costs	The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): Three Months Ended Six Months Ended 2018 2017 2018 2017 Balance at beginning of period $ 12,050 $ 12,956 $ 12,781 $ 13,290 Deferred policy acquisition costs 6,443 6,121 12,225 12,259 Amortization of policy acquisition costs (6,472 ) (6,428 ) (12,985 ) (12,900 ) Net change (29 ) (307 ) (760 ) (641 ) Balance at end of period $ 12,021 $ 12,649 $ 12,021 $ 12,649

Unpaid Losses and Loss Adjust25

Unpaid Losses and Loss Adjustment Expenses (Tables)	6 Months Ended
	Jun. 30, 2018
Insurance Loss Reserves [Abstract]
Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense	The table below provides the changes in the reserves for losses and LAE, net of reinsurance recoverables, for the periods indicated as follows (dollars in thousands): Three Months Ended Six Months Ended 2018 2017 2018 2017 Gross reserves - beginning of period $ 85,491 $ 62,135 $ 87,896 $ 54,651 Less: reinsurance recoverables on unpaid losses 20,063 9,125 20,066 6,658 Plus: deferred gain on ADC (1,431 ) — — — Net reserves - beginning of period 66,859 53,010 67,830 47,993 Add: incurred losses and LAE, net of reinsurance: Current period 13,581 12,397 26,926 25,051 Prior period 1,486 4,277 1,470 7,356 Total net incurred losses and LAE 15,067 16,674 28,396 32,407 Deduct: loss and LAE payments, net of reinsurance: Current period 4,437 5,313 6,026 7,216 Prior period 11,882 8,006 24,593 16,819 Total net loss and LAE payments 16,319 13,319 30,619 24,035 Net reserves - end of period 65,607 56,365 65,607 56,365 Plus: reinsurance recoverables on unpaid losses 20,467 10,552 20,467 10,552 Less: deferred gain on ADC (2,412 ) — (2,412 ) — Gross reserves - end of period $ 83,662 $ 66,917 $ 83,662 $ 66,917

Reinsurance (Tables)

Reinsurance (Tables)	6 Months Ended
	Jun. 30, 2018
Reinsurance Disclosures [Abstract]
Summary of the Effects of Reinsurance	The following table presents the effects of such reinsurance and assumption transactions on premiums and losses and LAE (dollars in thousands). The 2018 ceded written and earned premium amounts include $173,000 and $540,000 of reinsurance reinstatement costs relating to Hurricane Irma for the three and six months ended June 30, 2018 , respectively. Three Months Ended Six Months Ended 2018 2017 2018 2017 Written premiums: Direct $ 17,568 $ 20,719 $ 36,423 $ 41,619 Assumed 8,994 6,262 13,876 11,836 Ceded (3,967 ) (3,899 ) (7,860 ) (8,048 ) Net written premiums $ 22,595 $ 23,082 $ 42,439 $ 45,407 Earned premiums: Direct $ 20,561 $ 21,960 $ 41,785 $ 44,020 Assumed 7,295 6,378 13,796 12,582 Ceded (3,918 ) (3,841 ) (7,842 ) (7,965 ) Net earned premiums $ 23,938 $ 24,497 $ 47,739 $ 48,637 Losses and LAE: Direct $ 14,432 $ 16,194 $ 27,390 $ 32,227 Assumed 3,414 4,830 6,969 8,704 Ceded (2,779 ) (4,350 ) (5,963 ) (8,524 ) Net Losses and LAE $ 15,067 $ 16,674 $ 28,396 $ 32,407

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of Debt	A summary of the Company's outstanding debt is as follows (dollars in thousands): June 30, 2018 December 31, 2017 Subordinated notes $ 29,060 $ 29,027 Line of credit — — Total $ 29,060 $ 29,027

Accumulated Other Comprehensi28

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents changes in accumulated other comprehensive income (loss) for unrealized gains and losses on available-for-sale securities (dollars in thousands): Three Months Ended Six Months Ended 2018 2017 2018 2017 Balance at beginning of period $ (2,688 ) $ (746 ) $ (363 ) $ (1,080 ) Other comprehensive income (loss) before reclassifications (376 ) 238 (2,222 ) 623 Less: amounts reclassified from accumulated other comprehensive income (loss) (4 ) (1 ) (4 ) 50 Net current period other comprehensive income (loss) (372 ) 239 (2,218 ) 573 Plus: cumulative effect of adoption of ASU No. 2016-01, net of taxes — — (556 ) — Plus: cumulative effect of adoption of ASU No. 2018-02, net of taxes — — 77 — Balance at end of period $ (3,060 ) $ (507 ) $ (3,060 ) $ (507 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except per share amounts): Three Months Ended Six Months Ended 2018 2017 2018 2017 Net income (loss) $ (1,113 ) $ (1,067 ) $ (900 ) $ (2,866 ) Weighted average common shares, basic and diluted* 8,520,328 7,633,069 8,520,328 7,633,069 Earnings (loss) per common share, basic and diluted $ (0.13 ) $ (0.14 ) $ (0.11 ) $ (0.38 ) * The 362,000 and 404,000 nonvested shares of the restricted stock units were anti-dilutive as of June 30, 2018 and June 30, 2017 , respectively. Therefore, the basic and diluted weighted average common shares are equal for the three and six months ended June 30, 2018 and June 30, 2017 .

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2018
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 December 31, 2016 416 $ 9.87 Units granted — — Units vested — — Units forfeited (12 ) 9.87 Outstanding at June 30, 2017 404 $ 9.87 Units granted — — Units vested (95 ) 9.97 Units forfeited (2 ) 10.36 Outstanding at December 31, 2017 307 $ 9.84 Units granted 70 5.76 Units vested — — Units forfeited (15 ) 8.76 Outstanding at June 30, 2018 362 $ 9.09

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following tables present information by reportable operating segment (dollars in thousands): Three Months Ended June 30, 2018 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 25,008 $ 1,554 $ — $ 26,562 Net written premiums $ 22,284 $ 311 $ — $ 22,595 Net earned premiums $ 20,872 $ 3,066 $ — $ 23,938 Other income 162 213 75 450 Total revenue 21,034 3,279 75 24,388 Losses and loss adjustment expenses, net 12,334 2,733 — 15,067 Policy acquisition costs 5,144 1,328 — 6,472 Operating expenses 3,827 348 128 4,303 Total expenses 21,305 4,409 128 25,842 Underwriting gain (loss) $ (271 ) $ (1,130 ) $ (53 ) $ (1,454 ) Net investment income 838 838 Net realized investment gains 12 12 Change in fair value of equity securities 29 29 Interest expense $ (617 ) $ (617 ) Income (loss) before equity earnings of affiliates and income taxes $ 209 $ (1,192 ) Three Months Ended June 30, 2017 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 21,106 $ 5,875 $ — $ 26,981 Net written premiums $ 18,916 $ 4,166 $ — $ 23,082 Net earned premiums $ 20,094 $ 4,403 $ — $ 24,497 Other income 158 169 45 372 Total revenue 20,252 4,572 45 24,869 Losses and loss adjustment expenses, net 11,761 4,913 — 16,674 Policy acquisition costs 4,997 1,431 — 6,428 Operating expenses 2,437 589 1,344 4,370 Total expenses 19,195 6,933 1,344 27,472 Underwriting gain (loss) $ 1,057 $ (2,361 ) (1,299 ) (2,603 ) Net investment income 663 663 Net realized investment gains — — Other gains 750 750 Interest expense (219 ) (219 ) Income (loss) before equity earnings of affiliates and income taxes $ (105 ) $ (1,409 ) Six Months Ended June 30, 2018 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 46,796 $ 3,503 $ — $ 50,299 Net written premiums $ 41,706 $ 733 $ — $ 42,439 Net earned premiums $ 41,000 $ 6,739 $ — $ 47,739 Other income 305 393 109 807 Total revenue 41,305 7,132 109 48,546 Losses and loss adjustment expenses, net 22,535 5,861 — 28,396 Policy acquisition costs 10,587 2,398 — 12,985 Operating expenses 7,324 718 447 8,489 Total expenses 40,446 8,977 447 49,870 Underwriting gain (loss) $ 859 $ (1,845 ) (338 ) (1,324 ) Net investment income 1,639 1,639 Net realized investment gains 173 173 Change in fair value of equity securities (268 ) (268 ) Interest Expense (1,236 ) (1,236 ) Income (loss) before equity earnings of affiliates and income taxes $ (30 ) $ (1,016 ) Six Months Ended June 30, 2017 Commercial Lines Personal Lines Corporate & Other Total Gross written premiums $ 42,750 $ 10,705 $ — $ 53,455 Net written premiums $ 38,395 $ 7,012 $ — $ 45,407 Net earned premiums $ 39,782 $ 8,855 $ — $ 48,637 Other income 323 320 83 726 Total revenue 40,105 9,175 83 49,363 Losses and loss adjustment expenses, net 24,229 8,178 — 32,407 Policy acquisition costs 10,020 2,880 — 12,900 Operating expenses 4,909 1,159 2,832 8,900 Total expenses 39,158 12,217 2,832 54,207 Underwriting gain (loss) $ 947 $ (3,042 ) (2,749 ) (4,844 ) Net investment income 1,240 1,240 Net realized investment gains (losses) (8 ) (8 ) Other gains 750 750 Interest expense (443 ) (443 ) Income (loss) before equity earnings of affiliates and income taxes $ (1,210 ) $ (3,305 )

Summary of Significant Accoun32

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	Jan. 01, 2018USD ($)	Jun. 30, 2018USD ($)state	Mar. 31, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)class_businessstate	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Jun. 30, 2016USD ($)
Schedule of Available-for-sale Securities [Line Items]
Number of business classes | class_business					2
Number of states in which entity operates | state		50			50
Ownership percentage		50.00%			50.00%
Cumulative effect of adoption of ASU No. 2016-01, net of taxes							$ 0
Cumulative effect of adoption of ASU No. 2018-02, net of taxes					$ 0
Accumulated deficit
Schedule of Available-for-sale Securities [Line Items]
Cumulative effect of adoption of ASU No. 2016-01, net of taxes							556
Cumulative effect of adoption of ASU No. 2018-02, net of taxes					77
Accumulated Other Comprehensive Income (Loss)
Schedule of Available-for-sale Securities [Line Items]
Cumulative effect of adoption of ASU No. 2016-01, net of taxes							(556)
Cumulative effect of adoption of ASU No. 2018-02, net of taxes		$ 0	$ 77	$ 0	$ 77	$ 0
Accounting Standards Update 2016-01
Schedule of Available-for-sale Securities [Line Items]
Deferred income taxes	$ 500
Accounting Standards Update 2016-01 | Accumulated deficit
Schedule of Available-for-sale Securities [Line Items]
Cumulative effect of adoption of ASU No. 2016-01, net of taxes	1,100
Accounting Standards Update 2016-01 | Accumulated Other Comprehensive Income (Loss)
Schedule of Available-for-sale Securities [Line Items]
Cumulative effect of adoption of ASU No. 2016-01, net of taxes	$ (1,100)			$ 0		$ 0	$ (556)	$ 0	$ 0

Investments - Available-for-sal

Investments - Available-for-sale Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Debt Securities:
Fixed maturity securities, amortized cost	$ 129,322	$ 137,004
Fixed maturity securities, gross unrealized gain	224	531
Fixed maturity securities, gross unrealized loss	(2,869)	(999)
Fixed maturity securities	126,677	136,536
Equity Securities
Equity securities, amortized cost	8,782	8,629
Equity securities, gross unrealized gain		1,240
Equity securities, gross unrealized loss		(182)
Equity securities, estimated fair value	9,530	9,687
Securities, cost or amortized cost		145,633
Securities, gross unrealized gain		1,771
Securities, gross unrealized loss		(1,181)
Securities, estimated fair value		146,223
U.S. Government
Debt Securities:
Fixed maturity securities, amortized cost	16,007	17,179
Fixed maturity securities, gross unrealized gain	2	10
Fixed maturity securities, gross unrealized loss	(266)	(99)
Fixed maturity securities	15,743	17,090
State and local government
Debt Securities:
Fixed maturity securities, amortized cost	16,536	17,302
Fixed maturity securities, gross unrealized gain	96	255
Fixed maturity securities, gross unrealized loss	(221)	(54)
Fixed maturity securities	16,411	17,503
Corporate debt
Debt Securities:
Fixed maturity securities, amortized cost	32,201	38,947
Fixed maturity securities, gross unrealized gain	79	170
Fixed maturity securities, gross unrealized loss	(739)	(209)
Fixed maturity securities	31,541	38,908
Asset-backed securities
Debt Securities:
Fixed maturity securities, amortized cost	25,780	23,539
Fixed maturity securities, gross unrealized gain	27	36
Fixed maturity securities, gross unrealized loss	(153)	(35)
Fixed maturity securities	25,654	23,540
Mortgage-backed securities
Debt Securities:
Fixed maturity securities, amortized cost	32,554	33,942
Fixed maturity securities, gross unrealized gain	11	38
Fixed maturity securities, gross unrealized loss	(1,331)	(522)
Fixed maturity securities	31,234	33,458
Commercial mortgage-backed securities
Debt Securities:
Fixed maturity securities, amortized cost	3,916	3,532
Fixed maturity securities, gross unrealized gain	0	3
Fixed maturity securities, gross unrealized loss	(96)	(44)
Fixed maturity securities	3,820	3,491
Collateralized mortgage obligations
Debt Securities:
Fixed maturity securities, amortized cost	2,328	2,563
Fixed maturity securities, gross unrealized gain	9	19
Fixed maturity securities, gross unrealized loss	(63)	(36)
Fixed maturity securities	$ 2,274	$ 2,546

Investments - Available-for-s34

Investments - Available-for-sale Securities in Unrealized Loss Positions (Details) $ in Thousands	Jun. 30, 2018USD ($)security	Dec. 31, 2017USD ($)security
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security		110
Greater than 12 months, number of issues | security		59
Total Number of Issues | security		169
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value		$ 53,517
Greater than 12 months, fair value		37,028
Total Fair Value		90,545
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses		(301)
Greater than 12 months, unrealized losses		(880)
Total Unrealized losses		$ (1,181)
Asset-backed securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	32	20
Greater than 12 months, number of issues | security	3	3
Total Number of Issues | security	35	23
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 17,619	$ 13,948
Greater than 12 months, fair value	558	915
Total Fair Value	18,177	14,863
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(145)	(29)
Greater than 12 months, unrealized losses	(8)	(6)
Total Unrealized losses	$ (153)	$ (35)
Corporate debt
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	55	38
Greater than 12 months, number of issues | security	8	10
Total Number of Issues | security	63	48
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 17,978	$ 15,236
Greater than 12 months, fair value	5,481	6,555
Total Fair Value	23,459	21,791
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(327)	(46)
Greater than 12 months, unrealized losses	(412)	(163)
Total Unrealized losses	$ (739)	$ (209)
State and local government
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	36	10
Greater than 12 months, number of issues | security	7	7
Total Number of Issues | security	43	17
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 9,190	$ 3,511
Greater than 12 months, fair value	1,371	1,424
Total Fair Value	10,561	4,935
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(163)	(20)
Greater than 12 months, unrealized losses	(58)	(34)
Total Unrealized losses	$ (221)	$ (54)
U.S. Government
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	13	12
Greater than 12 months, number of issues | security	6	7
Total Number of Issues | security	19	19
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 13,457	$ 11,555
Greater than 12 months, fair value	1,958	2,207
Total Fair Value	15,415	13,762
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(218)	(64)
Greater than 12 months, unrealized losses	(48)	(35)
Total Unrealized losses	$ (266)	$ (99)
Mortgage-backed securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	19	6
Greater than 12 months, number of issues | security	27	26
Total Number of Issues | security	46	32
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 8,208	$ 4,935
Greater than 12 months, fair value	22,162	24,939
Total Fair Value	30,370	29,874
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(223)	(19)
Greater than 12 months, unrealized losses	(1,108)	(503)
Total Unrealized losses	$ (1,331)	$ (522)
Commercial mortgage-backed securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	4	3
Greater than 12 months, number of issues | security	2	2
Total Number of Issues | security	6	5
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 2,718	$ 2,026
Greater than 12 months, fair value	659	722
Total Fair Value	3,377	2,748
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(37)	(12)
Greater than 12 months, unrealized losses	(59)	(32)
Total Unrealized losses	$ (96)	$ (44)
Collateralized mortgage obligations
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	10	8
Greater than 12 months, number of issues | security	0	0
Total Number of Issues | security	10	8
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 1,881	$ 1,870
Greater than 12 months, fair value	0	0
Total Fair Value	1,881	1,870
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(63)	(36)
Greater than 12 months, unrealized losses	0	0
Total Unrealized losses	$ (63)	$ (36)
Equity securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security		13
Greater than 12 months, number of issues | security		4
Total Number of Issues | security		17
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value		$ 436
Greater than 12 months, fair value		266
Total Fair Value		702
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses		(75)
Greater than 12 months, unrealized losses		(107)
Total Unrealized losses		$ (182)
Total debt securities available for sale
Available-for-sale Securities, Continuous Unrealized Loss Position, Qualitative Disclosure [Abstract]
Less than 12 months, number of issues | security	169	97
Greater than 12 months, number of issues | security	53	55
Total Number of Issues | security	222	152
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 months, fair value	$ 71,051	$ 53,081
Greater than 12 months, fair value	32,189	36,762
Total Fair Value	103,240	89,843
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract]
Less than 12 months, unrealized losses	(1,176)	(226)
Greater than 12 months, unrealized losses	(1,693)	(773)
Total Unrealized losses	$ (2,869)	$ (999)

Investments - Net Investment In

Investments - Net Investment Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net Investment Income [Line Items]
Investment income	$ 919	$ 737	$ 1,795	$ 1,374
Investment expenses	(81)	(74)	(156)	(134)
Net investment income	838	663	1,639	1,240
Debt securities
Net Investment Income [Line Items]
Investment income	868	696	1,694	1,297
Equity securities
Net Investment Income [Line Items]
Investment income	38	25	65	50
Cash and short-term investments
Net Investment Income [Line Items]
Investment income	$ 13	$ 16	$ 36	$ 27

Investments - Gross Realized Ga

Investments - Gross Realized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Schedule of Available-for-sale Securities [Line Items]
Net realized investment gains	$ 12	$ 0	$ 173	$ (8)
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	36	0	206	29
Gross realized losses	(14)	0	(20)	(30)
Net realized investment gains	22	0	186	(1)
Total debt securities available for sale
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	0	0	2	0
Gross realized losses	(10)	0	(15)	(7)
Net realized investment gains	$ (10)	$ 0	$ (13)	$ (7)

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of available for sale securities			$ 20,100	$ 13,600
Deposits held in trust accounts	$ 8,200		8,200		$ 8,200
Deposits, held in trust for collateral requirements	32,100		32,100		$ 18,400
Change in fair value of equity securities	$ 29	$ 0	$ (268)	$ 0

Investments - Available-for-s38

Investments - Available-for-sale Fixed Maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Amortized Cost
Due in one year or less, amortized cost	$ 7,205
Due after one year through five years, amortized cost	35,846
Due after five years through ten years, amortized cost	12,154
Due after ten years, amortized cost	9,539
Securities with contractual maturities, amortized cost	64,744
Fixed maturity securities, amortized cost	129,322	$ 137,004
Estimated Fair Value
Due in one year or less, fair value	7,190
Due after one year through five years, fair value	35,292
Due after five years through ten years, fair value	11,832
Due after ten years, fair value	9,381
Securities with contractual maturities, fair value	63,695
Fixed maturity securities	126,677	136,536
Asset-backed securities
Amortized Cost
Fixed maturity securities, amortized cost	25,780	23,539
Estimated Fair Value
Fixed maturity securities	25,654	23,540
Mortgage-backed securities
Amortized Cost
Fixed maturity securities, amortized cost	32,554	33,942
Estimated Fair Value
Fixed maturity securities	31,234	33,458
Commercial mortgage-backed securities
Amortized Cost
Fixed maturity securities, amortized cost	3,916	3,532
Estimated Fair Value
Fixed maturity securities	3,820	3,491
Collateralized mortgage obligations
Amortized Cost
Fixed maturity securities, amortized cost	2,328	2,563
Estimated Fair Value
Fixed maturity securities	$ 2,274	$ 2,546

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets:
Fixed maturity securities	$ 126,677	$ 136,536
Equity securities	9,530	9,687
Short-term investments	4,364	11,427
Total marketable investments measured at fair value	136,418	153,590
Investments measured at NAV	4,153	4,060
Total marketable investments measured at fair value	140,571	157,650
Liabilities:
Total Liabilities measured at fair value	29,800	29,888
U.S. Government
Assets:
Fixed maturity securities	15,743	17,090
State and local government
Assets:
Fixed maturity securities	16,411	17,503
Corporate debt
Assets:
Fixed maturity securities	31,541	38,908
Asset-backed securities
Assets:
Fixed maturity securities	25,654	23,540
Mortgage-backed securities
Assets:
Fixed maturity securities	31,234	33,458
Commercial mortgage-backed securities
Assets:
Fixed maturity securities	3,820	3,491
Collateralized mortgage obligations
Assets:
Fixed maturity securities	2,274	2,546
Debt securities
Assets:
Fixed maturity securities	126,677	136,536
Equity securities
Assets:
Equity securities	5,377	5,627
Debt
Liabilities:
Debt	29,800	29,888
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Short-term investments	4,364	8,429
Total marketable investments measured at fair value	9,477	13,810
Liabilities:
Total Liabilities measured at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Government
Assets:
Fixed maturity securities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | State and local government
Assets:
Fixed maturity securities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate debt
Assets:
Fixed maturity securities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Asset-backed securities
Assets:
Fixed maturity securities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities
Assets:
Fixed maturity securities	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial mortgage-backed securities
Assets:
Fixed maturity securities	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateralized mortgage obligations
Assets:
Fixed maturity securities	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Debt securities
Assets:
Fixed maturity securities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Equity securities
Assets:
Equity securities	5,113	5,381
Quoted Prices in Active Markets for Identical Assets (Level 1) | Debt
Liabilities:
Debt	0	0
Significant Other Observable Inputs (Level 2)
Assets:
Short-term investments	0	2,998
Total marketable investments measured at fair value	126,941	139,780
Liabilities:
Total Liabilities measured at fair value		0
Significant Other Observable Inputs (Level 2) | U.S. Government
Assets:
Fixed maturity securities	15,743	17,090
Significant Other Observable Inputs (Level 2) | State and local government
Assets:
Fixed maturity securities	16,411	17,503
Significant Other Observable Inputs (Level 2) | Corporate debt
Assets:
Fixed maturity securities	31,541	38,908
Significant Other Observable Inputs (Level 2) | Asset-backed securities
Assets:
Fixed maturity securities	25,654	23,540
Significant Other Observable Inputs (Level 2) | Mortgage-backed securities
Assets:
Fixed maturity securities	31,234	33,458
Significant Other Observable Inputs (Level 2) | Commercial mortgage-backed securities
Assets:
Fixed maturity securities	3,820	3,491
Significant Other Observable Inputs (Level 2) | Collateralized mortgage obligations
Assets:
Fixed maturity securities	2,274	2,546
Significant Other Observable Inputs (Level 2) | Debt securities
Assets:
Fixed maturity securities	126,677	136,536
Significant Other Observable Inputs (Level 2) | Equity securities
Assets:
Equity securities	264	246
Significant Other Observable Inputs (Level 2) | Debt
Liabilities:
Debt		0
Significant Unobservable Inputs (Level 3)
Assets:
Short-term investments	0	0
Total marketable investments measured at fair value		0
Liabilities:
Total Liabilities measured at fair value	29,800	29,888
Significant Unobservable Inputs (Level 3) | U.S. Government
Assets:
Fixed maturity securities	0	0
Significant Unobservable Inputs (Level 3) | State and local government
Assets:
Fixed maturity securities	0	0
Significant Unobservable Inputs (Level 3) | Corporate debt
Assets:
Fixed maturity securities	0	0
Significant Unobservable Inputs (Level 3) | Asset-backed securities
Assets:
Fixed maturity securities		0
Significant Unobservable Inputs (Level 3) | Debt securities
Assets:
Fixed maturity securities		0
Significant Unobservable Inputs (Level 3) | Equity securities
Assets:
Equity securities	0	0
Significant Unobservable Inputs (Level 3) | Debt
Liabilities:
Debt	29,800	29,888
Partnership interest
Assets:
Investments measured at NAV	$ 4,153	$ 4,060

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	Jun. 30, 2018
Level 1
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment portfolio percentage	6.70%
Level 2
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment portfolio percentage	90.30%

Deferred Policy Acquisition C41

Deferred Policy Acquisition Costs - Activity in Deferred Policy Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance at beginning of period	$ 12,050	$ 12,956	$ 12,781	$ 13,290
Deferred policy acquisition costs	6,443	6,121	12,225	12,259
Amortization of policy acquisition costs	(6,472)	(6,428)	(12,985)	(12,900)
Net change	(29)	(307)	(760)	(641)
Balance at end of period	$ 12,021	$ 12,649	$ 12,021	$ 12,649

Unpaid Losses and Loss Adjust42

Unpaid Losses and Loss Adjustment Expenses - Changes in the Liability for Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Insurance Loss Reserves [Abstract]
Deferred gain on ADC					$ (2,412)	$ (1,431)	$ 0	$ 0	$ 0	$ 0
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Gross reserves - beginning of period	$ 85,491	$ 62,135	$ 87,896	$ 54,651
Less: reinsurance recoverables on unpaid losses	20,063	9,125	20,066	6,658
Net reserves - beginning of period	65,607	56,365	65,607	56,365	$ 65,607	$ 66,859	$ 67,830	$ 56,365	$ 53,010	$ 47,993
Add: incurred losses and LAE, net of reinsurance:
Current period	13,581	12,397	26,926	25,051
Prior period	1,486	4,277	1,470	7,356
Total net incurred losses and LAE	15,067	16,674	28,396	32,407
Deduct: loss and LAE payments, net of reinsurance:
Current period	4,437	5,313	6,026	7,216
Prior period	11,882	8,006	24,593	16,819
Total net loss and LAE payments	16,319	13,319	30,619	24,035
Net reserves - end of period	65,607	56,365	65,607	56,365
Plus: reinsurance recoverables on unpaid losses	20,467	10,552	20,467	10,552
Gross reserves - end of period	$ 83,662	$ 66,917	$ 83,662	$ 66,917

Unpaid Losses and Loss Adjust43

Unpaid Losses and Loss Adjustment Expenses - Narrative (Details) - USD ($)	Sep. 28, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Liability for Claims and Claims Adjustment Expense [Line Items]
Unpaid losses and loss adjustment expenses		$ 83,662,000	$ 66,917,000	$ 83,662,000	$ 66,917,000	$ 85,491,000	$ 87,896,000	$ 62,135,000	$ 54,651,000
Deferred gain on ADC		2,412,000	0	2,412,000	0	$ 1,431,000	$ 0	$ 0	$ 0
Prior-year adverse (favorable) reserve development		(1,486,000)	(4,277,000)	(1,470,000)	(7,356,000)
Offset amount by favorable development		583,000		862,000
Liability line of business
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior-year adverse (favorable) reserve development		(1,200,000)	(1,600,000)	(1,100,000)	(2,900,000)
Florida homeowners line
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior-year adverse (favorable) reserve development			(1,300,000)		(1,700,000)
Commercial property line
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior-year adverse (favorable) reserve development			(613,000)		(2,300,000)
Personal automobile line
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior-year adverse (favorable) reserve development		(900,000)		(1,300,000)
Commercial Automobile Line [Member]
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior-year adverse (favorable) reserve development			(245,000)		(329,000)
Adverse development cover reinsurance agreement (ADC)
Liability for Claims and Claims Adjustment Expense [Line Items]
ADC loss development cover, maximum amount	$ 17,500,000	1,500,000		3,200,000
Reinsurance retention policy, co-participation (percentage)	10.00%
Increase in reinsurance recoverable		10,400,000		10,400,000
Reinsurance recoverable		7,100,000		7,100,000
Hurricane
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior-year adverse (favorable) reserve development		$ (121,000)		$ (388,000)
Minimum | Adverse development cover reinsurance agreement (ADC)
Liability for Claims and Claims Adjustment Expense [Line Items]
Reinsurance retention policy carried reserves threshold	$ 1,400,000
Unpaid losses and loss adjustment expenses			36,600,000		36,600,000
Maximum | Adverse development cover reinsurance agreement (ADC)
Liability for Claims and Claims Adjustment Expense [Line Items]
Reinsurance retention policy carried reserves threshold	$ 19,500,000
Unpaid losses and loss adjustment expenses			$ 57,500,000		$ 57,500,000

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($)	3 Months Ended	6 Months Ended
	Sep. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Effects of Reinsurance [Line Items]
Consideration payment	$ 7,200,000
Contingent recovery, percentage	35.00%
Reinsurance reinstatement cost	$ 540,000	$ 173,000
Maximum
Effects of Reinsurance [Line Items]
Amount retained (excess of)		$ 500,000	$ 500,000

Reinsurance - Effects of Reinsu

Reinsurance - Effects of Reinsurance and Assumption Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Written premiums:
Direct	$ 17,568	$ 20,719	$ 36,423	$ 41,619
Assumed	8,994	6,262	13,876	11,836
Ceded	(3,967)	(3,899)	(7,860)	(8,048)
Net written premiums	22,595	23,082	42,439	45,407
Earned premiums:
Direct	20,561	21,960	41,785	44,020
Assumed	7,295	6,378	13,796	12,582
Ceded	(3,918)	(3,841)	(7,842)	(7,965)
Net earned premiums	23,938	24,497	47,739	48,637
Losses and LAE:
Direct	14,432	16,194	27,390	32,227
Assumed	3,414	4,830	6,969	8,704
Ceded	(2,779)	(4,350)	(5,963)	(8,524)
Total net incurred losses and LAE	$ 15,067	$ 16,674	$ 28,396	$ 32,407

Debt - Narrative (Details)

Debt - Narrative (Details)	Jun. 21, 2018USD ($)	Mar. 31, 2018USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)debt_instrument	Sep. 29, 2017USD ($)	Sep. 30, 2014USD ($)	Oct. 31, 2013USD ($)
Debt Instrument [Line Items]
Debt			$ 29,060,000	$ 29,027,000
Debt issuance costs			(940,000)
Revolver
Debt Instrument [Line Items]
Repayments of Lines of Credit		$ 16,400,000
Line of credit
Debt Instrument [Line Items]
Debt	$ 10,000,000		0	0
Subordinated debt
Debt Instrument [Line Items]
Debt			$ 29,060,000	$ 29,027,000
Secured debt
Debt Instrument [Line Items]
Number of debt instruments | debt_instrument				3
Secured debt | Revolver
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 17,500,000
Private placement, subordinated note | Subordinated debt
Debt Instrument [Line Items]
Face amount of debt instrument					$ 30,000,000
Bearing fixed annual interest rate (percentage)				105.00%	8.00%
Term Note | Secured debt
Debt Instrument [Line Items]
Face amount of debt instrument							$ 5,000,000
2014 Term Note | Secured debt
Debt Instrument [Line Items]
Face amount of debt instrument						$ 7,500,000
London Interbank Offered Rate (LIBOR) [Member] | Line of credit
Debt Instrument [Line Items]
Interest rate	2.75%
Fifth Anniversary | Swap rate | Private placement, subordinated note | Subordinated debt
Debt Instrument [Line Items]
Derivative, basis spread on variable rate				1250.00%
10th Anniversary | Swap rate | Private placement, subordinated note | Subordinated debt
Debt Instrument [Line Items]
Derivative, basis spread on variable rate				1500.00%

Debt - Outstanding Debt (Detail

Debt - Outstanding Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Debt	$ 29,060	$ 29,027
Subordinated debt
Debt Instrument [Line Items]
Debt	$ 29,060	$ 29,027

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($)	1 Months Ended	6 Months Ended
	Sep. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Feb. 25, 2016
Equity, Class of Treasury Stock [Line Items]
Common equity issued	$ 5,000,000
Common stock, shares issued (in shares)		8,520,328		8,520,328
Common stock, shares outstanding (in shares)		8,520,328		8,520,328
Common stocks
Equity, Class of Treasury Stock [Line Items]
Stock repurchased and retired during period, shares		0	0
Common stock, shares issued (in shares)		8,520,328		8,520,328
Common stock, shares outstanding (in shares)		8,520,328		8,520,328
Stock Repurchase Program, February 2016
Equity, Class of Treasury Stock [Line Items]
Authorized amount of stock repurchase program					$ 2,100,000
Private placement
Equity, Class of Treasury Stock [Line Items]
Common equity issued (in shares)	800,000
Offering price per share (in dollars per share)	$ 6.25

Accumulated Other Comprehensi49

Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Jan. 01, 2018	Dec. 31, 2016	Jun. 30, 2016
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period		$ 52,826		$ 52,826	$ 65,967	$ 67,794
Other comprehensive income (loss) before reclassifications	$ (376)		$ 238	(2,222)		623
Less: amounts reclassified from accumulated other comprehensive income (loss)	(4)		(1)	(4)		50
Other comprehensive income (loss)	(372)		239	(2,218)	144	573
Cumulative effect of adoption of ASU No. 2016-01, net of taxes					0
Plus: cumulative effect of adoption of ASU No. 2018-02, net of taxes				0
Balance at end of period	50,168		65,967	50,168	52,826	65,967
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(2,688)	(363)	(746)	(363)	(507)	(1,080)
Other comprehensive income (loss)					144	573
Cumulative effect of adoption of ASU No. 2016-01, net of taxes					(556)
Plus: cumulative effect of adoption of ASU No. 2018-02, net of taxes	0	77	0	77		0
Balance at end of period	$ (3,060)	$ (2,688)	(507)	$ (3,060)	(363)	(507)
Accounting Standards Update 2016-01 | Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of adoption of ASU No. 2016-01, net of taxes			$ 0		$ (556)	$ 0	$ (1,100)	$ 0	$ 0

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Earnings Per Share [Abstract]
Net income (loss)	$ (1,113)	$ (1,067)	$ (900)	$ (18,676)	$ (2,866)
Weighted average common shares outstanding, basic and diluted (in shares)	8,520,328	7,633,069	8,520,328		7,633,069
Earnings (loss) per per common share, basic and diluted (in dollars per share)	$ (0.13)	$ (0.14)	$ (0.11)		$ (0.38)
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)			362,000		404,000

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended			12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock unit expense, net	$ 460	$ 429	$ 466
2015 Omnibus Incentive Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in period	70,000	0	0	111,281	390,352
Stock granted, value	$ 404			$ 909	$ 4,100
Share-based compensation expense			$ 466
Share-based compensation expense not yet recognized	$ 3,300

Stock-based Compensation - RSU

Stock-based Compensation - RSU Activity (Details) - 2015 Omnibus Incentive Plan - Restricted Stock Units (RSUs) - $ / shares	6 Months Ended			12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Number of Units
Beginning period, outstanding (in shares)	307,000	404,000	416,000
Units granted (in shares)	70,000	0	0	111,281	390,352
Units vested (in shares)	0	(95,000)	0
Units forfeited (in shares)	(15,000)	(2,000)	(12,000)
Ending period, outstanding (in shares)	362,000	307,000	404,000	416,000
Weighted Average Grant-Date Fair Value
Beginning period, outstanding (in dollars per share)	$ 9.84	$ 9.87	$ 9.87
Units granted (in dollars per share)	5.76	0	0
Units vested (in dollars per share)	0	9.97	0
Units forfeited (in dollars per share)	8.76	10.36	9.87
Ending period, outstanding (in dollars per share)	$ 9.09	$ 9.84	$ 9.87	$ 9.87

Segment Information - Narrative

Segment Information - Narrative (Details) - class_business	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Number of business classes	2
Gross Written Premiums | Geographic Concentration Risk | Florida, Michigan, Pennsylvania and Texas
Segment Reporting Information [Line Items]
Concentration risk	59.00%	62.00%

Segment Information - Informati

Segment Information - Information by Reportable Operating Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Gross written premiums	$ 26,562	$ 26,981	$ 50,299	$ 53,455
Net written premiums	22,595	23,082	42,439	45,407
Net earned premiums	23,938	24,497	47,739	48,637
Other income	450	372	807	726
Total revenue	24,388	24,869	48,546	49,363
Losses and loss adjustment expenses, net	15,067	16,674	28,396	32,407
Policy acquisition costs	6,472	6,428	12,985	12,900
Operating expenses	4,303	4,370	8,489	8,900
Total expenses	25,842	27,472	49,870	54,207
Underwriting gain (loss)	(1,454)	(2,603)	(1,324)	(4,844)
Net investment income	838	663	1,639	1,240
Net realized investment gains (losses)	12	0	173	(8)
Change in fair value of equity securities	29		(268)	0
Other gains	0	750	0	750
Interest expense	(617)	(219)	(1,236)	(443)
Income (loss) before equity earnings of affiliates and income taxes	(1,192)	(1,409)	(1,016)	(3,305)
Operating Segments | Commercial Lines
Segment Reporting Information [Line Items]
Gross written premiums	25,008	21,106	46,796	42,750
Net written premiums	22,284	18,916	41,706	38,395
Net earned premiums	20,872	20,094	41,000	39,782
Other income	162	158	305	323
Total revenue	21,034	20,252	41,305	40,105
Losses and loss adjustment expenses, net	12,334	11,761	22,535	24,229
Policy acquisition costs	5,144	4,997	10,587	10,020
Operating expenses	3,827	2,437	7,324	4,909
Total expenses	21,305	19,195	40,446	39,158
Underwriting gain (loss)	(271)	1,057	859	947
Operating Segments | Personal Lines
Segment Reporting Information [Line Items]
Gross written premiums	1,554	5,875	3,503	10,705
Net written premiums	311	4,166	733	7,012
Net earned premiums	3,066	4,403	6,739	8,855
Other income	213	169	393	320
Total revenue	3,279	4,572	7,132	9,175
Losses and loss adjustment expenses, net	2,733	4,913	5,861	8,178
Policy acquisition costs	1,328	1,431	2,398	2,880
Operating expenses	348	589	718	1,159
Total expenses	4,409	6,933	8,977	12,217
Underwriting gain (loss)	(1,130)	(2,361)	(1,845)	(3,042)
Corporate & Other
Segment Reporting Information [Line Items]
Gross written premiums	0	0	0	0
Net written premiums	0	0	0	0
Net earned premiums	0	0	0	0
Other income	75	45	109	83
Total revenue	75	45	109	83
Losses and loss adjustment expenses, net	0	0	0	0
Policy acquisition costs	0	0	0	0
Operating expenses	128	1,344	447	2,832
Total expenses	128	1,344	447	2,832
Underwriting gain (loss)	(53)	(1,299)	(338)	(2,749)
Net investment income	838	663	1,639	1,240
Net realized investment gains (losses)	12	0	173	(8)
Change in fair value of equity securities	29		(268)
Other gains		750		750
Interest expense	(617)	(219)	(1,236)	(443)
Income (loss) before equity earnings of affiliates and income taxes	$ 209	$ (105)	$ (30)	$ (1,210)