Conifer (CNFR) 10-Q 12 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 08, 2019
Document And Entity Information
Entity Registrant Name	Conifer Holdings, Inc.
Entity Central Index Key	0001502292
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Small Business	true
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,588,873
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investment securities:
Debt securities, at fair value (amortized cost of $124,046 and $122,678, respectively)	$ 125,704	$ 120,440
Equity securities, at fair value (cost of $6,546 and $9,559, respectively)	7,000	10,737
Short-term investments, at fair value	3,508	8,925
Total investments	136,212	140,102
Cash and cash equivalents	30,854	10,792
Premiums and agents' balances receivable, net	18,735	21,247
Receivable from Affiliate	427	3,582
Reinsurance recoverables on unpaid losses	16,862	29,685
Reinsurance recoverables on paid losses	7,659	5,060
Prepaid reinsurance premiums	3,521	1,829
Deferred policy acquisition costs	12,879	12,011
Other assets	11,341	8,444
Total assets	238,490	232,752
Liabilities:
Unpaid losses and loss adjustment expenses	97,337	92,807
Unearned premiums	52,721	52,852
Debt	33,743	33,502
Deferred gain on ADC	0	5,677
Accounts payable and accrued expenses	9,207	5,751
Total liabilities	193,008	190,589
Commitments and contingencies	0	0
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 9,588,873 and 8,478,202 issued and outstanding, respectively)	91,578	86,533
Accumulated deficit	(46,552)	(41,758)
Accumulated other comprehensive income (loss)	456	(2,612)
Total shareholders' equity	45,482	42,163
Total liabilities and shareholders' equity	$ 238,490	$ 232,752

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Debt securities, amortized cost	$ 124,046	$ 122,678
Equity securities, amortized cost	$ 6,546	$ 9,559
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	9,588,873	8,478,202
Common stock, shares outstanding (in shares)	9,588,873	8,478,202

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Premiums
Gross earned premiums	$ 25,962	$ 27,318	$ 76,594	$ 82,899
Ceded earned premiums	(3,187)	(3,868)	(10,783)	(11,711)
Net earned premiums	22,775	23,450	65,811	71,188
Net investment income	1,210	786	3,171	2,425
Net realized investment gains (losses)	390	(21)	1,124	152
Change in fair value of equity securities	(1,065)	151	(715)	(116)
Other income	564	405	1,567	1,212
Total revenue	23,874	24,771	70,958	74,861
Expenses
Losses and loss adjustment expenses, net	14,857	16,554	43,695	44,950
Policy acquisition costs	6,153	6,452	17,952	19,437
Operating expenses	4,297	4,786	12,960	13,276
Interest expense	720	598	2,155	1,834
Total expenses	26,027	28,390	76,762	79,497
Income (loss) before equity earnings in Affiliate and income taxes	(2,153)	(3,619)	(5,804)	(4,636)
Equity earnings in Affiliate, net of tax	121	93	219	237
Income tax expense (benefit)	(802)	25	(791)	52
Net income (loss)	$ (1,230)	$ (3,551)	$ (4,794)	$ (4,451)
Earnings (loss) per common share, basic and diluted (in dollars per share)	$ (0.13)	$ (0.42)	$ (0.55)	$ (0.52)
Weighted average common shares outstanding, basic and diluted (in shares)	9,543,535	8,553,613	8,640,409	8,531,545

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (1,230)	$ (3,551)	$ (4,794)	$ (4,451)
Unrealized investment gains (losses):
Unrealized investment gains (losses) during the period	812	(352)	3,735	(2,574)
Income tax (benefit) expense	818	0	818	0
Unrealized investment gains (losses), net of tax	(6)	(352)	2,917	(2,574)
Less: reclassification adjustments to:
Net realized investment gains (losses) included in net income (loss)	(41)	(18)	(151)	(22)
Income tax (benefit) expense	0	0	0	0
Total reclassifications included in net income (loss), net of tax	(41)	(18)	(151)	(22)
Other comprehensive income (loss)	35	(334)	3,068	(2,552)
Total comprehensive income (loss)	$ (1,195)	$ (3,885)	$ (1,726)	$ (7,003)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	No Par, Common Stock	Retained Earnings (Accumulated deficit)	Accumulated Other Comprehensive Income (Loss)
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)	(4,451)		(4,451)
Restricted stock unit expense, net	716
Other comprehensive income (loss)	(2,552)			(2,552)
Balance at end of period (in shares) at Sep. 30, 2018		8,602,703
Balance at end of period at Sep. 30, 2018	46,539	$ 86,915	(36,982)	(3,394)
Balance at beginning of period (in shares) at Jun. 30, 2018		8,520,328
Balance at beginning of period at Jun. 30, 2018	50,168	$ 86,659	(33,431)	(3,060)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(3,551)		(3,551)
Restricted stock unit expense, net (in shares)		82,375
Restricted stock unit expense, net	256	$ 256
Other comprehensive income (loss)	(334)			(334)
Balance at end of period (in shares) at Sep. 30, 2018		8,602,703
Balance at end of period at Sep. 30, 2018	46,539	$ 86,915	(36,982)	(3,394)
Balance at beginning of period (in shares) at Dec. 31, 2018		8,478,202
Balance at beginning of period at Dec. 31, 2018	42,163	$ 86,533	(41,758)	(2,612)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(4,794)		(4,794)
Repurchase of common stock (in shares)		(162,875)
Repurchase of common stock	(674)	$ (674)
Issuance of common stock private placement (in shares)		1,176,471
Issuance of common stock private placement	5,000	$ 5,000
Restricted stock unit expense, net (in shares)		97,075
Restricted stock unit expense, net	719	$ 719
Other comprehensive income (loss)	3,068			3,068
Balance at end of period (in shares) at Sep. 30, 2019		9,588,873
Balance at end of period at Sep. 30, 2019	45,482	$ 91,578	(46,552)	456
Balance at beginning of period (in shares) at Jun. 30, 2019		9,519,550
Balance at beginning of period at Jun. 30, 2019	46,509	$ 91,410	(45,322)	421
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,230)		(1,230)
Repurchase of common stock (in shares)		(17,752)
Repurchase of common stock	(66)	$ (66)
Issuance of common stock private placement	0
Restricted stock unit expense, net (in shares)		87,075
Restricted stock unit expense, net	234	$ 234
Other comprehensive income (loss)	35			35
Balance at end of period (in shares) at Sep. 30, 2019		9,588,873
Balance at end of period at Sep. 30, 2019	$ 45,482	$ 91,578	$ (46,552)	$ 456

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash Flows From Operating Activities
Net income (loss)	$ (4,794)	$ (4,451)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	684	646
Net realized investment (gains) losses	(1,124)	(152)
Change in fair value of equity securities	715	116
Restricted stock unit expenses	719	716
Other	(1,038)	(237)
(Increase) decrease in:
Premiums and agents' balances and other receivables	5,667	304
Reinsurance recoverables	10,224	(5,119)
Prepaid reinsurance premiums	(1,692)	(417)
Deferred policy acquisition costs	(868)	938
Other assets	(3,326)	(900)
Increase (decrease) in:
Unpaid losses and loss adjustment expenses	4,530	3,150
Unearned premiums	(131)	(5,971)
Accounts payable and other liabilities	(2,222)	3,866
Net cash provided by (used in) operating activities	7,344	(7,511)
Cash Flows From Investing Activities
Purchase of investments	(74,466)	(63,599)
Proceeds from maturities and redemptions of investments	13,122	18,460
Proceeds from sales of investments	69,760	56,632
Purchases of property and equipment	(24)	(69)
Net cash provided by (used in) investing activities	8,392	11,424
Cash Flows From Financing Activities
Proceeds received from issuance of shares of common stock	5,000	0
Repurchase of common stock	(674)	0
Borrowings under debt arrangements	1,000	22,000
Repayment of borrowings under debt arrangements	(1,000)	(20,000)
Payment of debt issuance costs	0	(1,326)
Net cash provided by (used in) financing activities	4,326	674
Net increase (decrease) in cash	20,062	4,587
Cash and cash equivalents at beginning of period	10,792	11,868
Cash and cash equivalents at end of period	30,854	16,455
Supplemental Disclosure of Cash Flow Information:
Interest paid	1,907	2,386
Payable for securities - non cash item	$ 492	$ 1,681

Investments

Investments	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Investments	Investments The cost or amortized cost, gross unrealized gain or loss, and estimated fair value of the investments in securities classified as available for sale at September 30, 2019 and December 31, 2018 , were as follows (dollars in thousands): September 30, 2019 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Debt Securities: U.S. Government $ 13,917 $ 72 $ (10 ) $ 13,979 State and local government 14,091 582 — 14,673 Corporate debt 37,308 855 (14 ) 38,149 Asset-backed securities 20,167 84 (57 ) 20,194 Mortgage-backed securities 30,206 147 (221 ) 30,132 Commercial mortgage-backed securities 4,271 193 — 4,464 Collateralized mortgage obligations 4,086 31 (4 ) 4,113 Total debt securities available for sale $ 124,046 $ 1,964 $ (306 ) $ 125,704 December 31, 2018 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Debt Securities: U.S. Government $ 15,360 $ 3 $ (178 ) $ 15,185 State and local government 15,847 115 (174 ) 15,788 Corporate debt 30,423 74 (651 ) 29,846 Asset-backed securities 24,468 24 (208 ) 24,284 Mortgage-backed securities 30,377 18 (1,155 ) 29,240 Commercial mortgage-backed securities 4,025 5 (77 ) 3,953 Collateralized mortgage obligations 2,178 9 (43 ) 2,144 Total debt securities available for sale $ 122,678 $ 248 $ (2,486 ) $ 120,440 The following table summarizes the aggregate fair value and gross unrealized losses, by security type, of the available-for-sale securities in unrealized loss positions. The table segregates the holdings based on the length of time that individual securities have been in a continuous unrealized loss position, as follows (dollars in thousands): September 30, 2019 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 — $ — $ — 8 $ 5,768 $ (10 ) 8 $ 5,768 $ (10 ) State and local government — — — 1 63 — 1 63 — Corporate debt 1 504 (5 ) 3 1,692 (9 ) 4 2,196 (14 ) Asset-backed securities 7 4,658 (10 ) 17 9,035 (47 ) 24 13,693 (57 ) Mortgage-backed securities 3 3,111 (1 ) 23 14,731 (220 ) 26 17,842 (221 ) Commercial mortgage-backed securities 1 4 — 1 457 — 2 461 — Collateralized mortgage obligations 7 1,420 (4 ) — — — 7 1,420 (4 ) Total debt securities available for sale 19 $ 9,697 $ (20 ) 53 $ 31,746 $ (286 ) 72 $ 41,443 $ (306 ) December 31, 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 1 $ 2,470 $ (24 ) 16 $ 11,725 $ (154 ) 17 $ 14,195 $ (178 ) State and local government 21 4,935 (40 ) 16 4,273 (134 ) 37 9,208 (174 ) Corporate debt 36 12,096 (140 ) 25 11,993 (511 ) 61 24,089 (651 ) Asset-backed securities 25 17,743 (148 ) 9 4,166 (60 ) 34 21,909 (208 ) Mortgage-backed securities 20 5,474 (138 ) 30 21,715 (1,017 ) 50 27,189 (1,155 ) Commercial mortgage-backed securities 4 1,082 (12 ) 3 2,632 (65 ) 7 3,714 (77 ) Collateralized mortgage obligations 4 116 (1 ) 6 1,587 (42 ) 10 1,703 (43 ) Total debt securities available for sale 111 $ 43,916 $ (503 ) 105 $ 58,091 $ (1,983 ) 216 $ 102,007 $ (2,486 ) 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 three and nine months ended September 30, 2019 and 2018 . The Company’s sources of net investment income are as follows (dollars in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Debt securities $ 861 $ 801 $ 2,716 $ 2,495 Equity securities 247 33 322 98 Cash, cash equivalents and short-term investments 156 19 342 55 Total investment income 1,264 853 3,380 2,648 Investment expenses (54 ) (67 ) (209 ) (223 ) Net investment income $ 1,210 $ 786 $ 3,171 $ 2,425 The following table summarizes the gross realized gains and losses from sales, calls or maturities of available-for-sale debt and equity securities (dollars in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Debt securities: Gross realized gains $ 8 $ 52 $ 231 $ 54 Gross realized losses (1 ) (131 ) (53 ) (146 ) Total debt securities 7 (79 ) 178 (92 ) Equity securities: Gross realized gains 397 84 985 290 Gross realized losses (14 ) (26 ) (39 ) (46 ) Total equity securities 383 58 946 244 Total net realized investment gains (losses) $ 390 $ (21 ) $ 1,124 $ 152 Proceeds from the sales of available-for-sale debt securities were $24.0 million and $23.5 million for the nine months ended September 30, 2019 and 2018 , respectively. The gross realized gains and losses from the sales of available-for-sale debt securities as of September 30, 2019 , were 231,000 and 53,000 , respectively. The gross realized gains and losses from the sales of available-for-sale debt securities as of September 30, 2018 were $6,000 and $90,000 , respectively. The Company carries other equity investments that do not have a readily determinable fair value at cost, less impairment or observable changes in price. We review these investments for impairment during each reporting period. There was no impairment or observable changes in price recorded during 2019 related to the Company's equity securities without readily determinable fair value. These investments are a component of Other Assets in the Consolidated Balance Sheets. The table below summarizes the amortized cost and fair value of available-for-sale debt securities by contractual maturity at September 30, 2019 . 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 $ 9,583 $ 9,588 Due after one year through five years 31,619 32,158 Due after five years through ten years 14,762 15,314 Due after ten years 9,352 9,741 Securities with contractual maturities 65,316 66,801 Asset-backed securities 20,167 20,194 Mortgage-backed securities 30,206 30,132 Commercial mortgage-backed securities 4,271 4,464 Collateralized mortgage obligations 4,086 4,113 Total debt securities $ 124,046 $ 125,704 At September 30, 2019 and December 31, 2018 , the Insurance Company Subsidiaries had an aggregate of $8.6 million and $8.5 million , respectively, on deposit in trust accounts to meet the deposit requirements of various state insurance departments. At September 30, 2019 and December 31, 2018 , the Company had $53.6 million and $45.4 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
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 nine months ended September 30, 2019 , are not necessarily indicative of the results expected for the year ended December 31, 2019 . 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, 2018 , as filed with the SEC. Business The Company is engaged in the sale of property and casualty insurance products and has organized its operations into three insurance businesses: commercial insurance lines, personal insurance lines, and agency business. 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 and Pennsylvania. 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. Cash, Cash Equivalents, and Short-term Investments Cash consists of cash deposits in banks, generally in operating accounts. Cash equivalents consist of money-market funds that are specifically used as overnight investments tied to cash deposit accounts. Short-term investments, consisting of money-market funds, are classified as investments in the consolidated balance sheets as they relate to the Company’s investment activities. Lease Accounting Effective January 1, 2019, the Company adopted FASB Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) , which addresses the financial reporting of leasing transactions. This update required 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 amortized 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. We do not have any financing leases. The Company elected to use the transition option of practical expedients permitted within the new standard, which allows for the adoption of the new standard at the effective date without adjusting the comparative prior periods presented. Our operating leases consist primarily of real estate utilized in the operation of our businesses with lease terms ranging from 5 to 10 years . Management has determined the appropriate discount rate to use in calculating the right-to-use asset and lease liability is 6.75% . The Company recorded a right-of-use asset of $3.9 million and lease liabilities of $3.9 million included in Other Assets and Other Liabilities in the Consolidated Balance Sheet on January 1, 2019. Recently Issued Accounting 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, 2022. Management is currently evaluating the impact of the guidance. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 840) , which modifies the disclosure requirements for assets and liabilities measured at fair value. The requirements to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of transfers between levels and the valuation processes for Level 3 fair value measurements have all been removed. However, the changes in unrealized gains and losses included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period must be disclosed along with the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements (or other quantitative information if it is more reasonable). Finally, for investments measured at net asset value, the requirements have been modified so that the timing of liquidation and the date when restrictions from redemption might lapse are only disclosed if the investee has communicated the timing to the entity or announced the timing publicly. This ASU is effective for annual and interim reporting periods beginning after December 15, 2019. Management is currently evaluating the impact of the guidance. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
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. Net Asset Value (NAV) —The fair values of investment company limited partnership investments are based on the capital account balances reported by the investment funds subject to their management review and adjustment. These capital account balances reflect the fair value of the investment funds. The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis, classified by the valuation hierarchy as of September 30, 2019 and December 31, 2018 (dollars in thousands): September 30, 2019 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 $ 13,979 $ — $ 13,979 $ — State and local government 14,673 — 14,673 — Corporate debt 38,149 — 38,149 — Asset-backed securities 20,194 — 20,194 — Mortgage-backed securities 30,132 — 30,132 — Commercial mortgage-backed securities 4,464 — 4,464 — Collateralized mortgage obligations 4,113 — 4,113 — Total debt securities 125,704 — 125,704 — Equity Securities 6,414 6,150 264 — Short-term investments 3,508 3,508 — — Total marketable investments measured at fair value $ 135,626 $ 9,658 $ 125,968 $ — Investments measured at NAV: Investment in limited partnership $ 586 Total investments measured at NAV $ 586 Total assets measured at fair value $ 136,212 Liabilities: Senior Unsecured Notes * $ 23,276 $ — $ 23,276 $ — Subordinated Notes * 11,133 — — 11,133 Total Liabilities measured at fair value $ 34,409 $ — $ 23,276 $ 11,133 * Carried at face value of debt net of unamortized debt issuance costs on the consolidated balance sheet ** Carried at cost on the consolidated balance sheet December 31, 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 $ 15,185 $ — $ 15,185 $ — State and local government 15,788 — 15,788 — Corporate debt 29,846 — 29,846 — Asset-backed securities 24,284 — 24,284 — Mortgage-backed securities 29,240 — 29,240 — Commercial mortgage-backed securities 3,953 — 3,953 — Collateralized mortgage obligations 2,144 — 2,144 — Total debt securities 120,440 — 120,440 — Equity securities 6,587 6,323 264 — Short-term investments 8,925 8,925 — — Total marketable investments measured at fair value $ 135,952 $ 15,248 $ 120,704 $ — Investments measured at NAV: Investment in limited partnership $ 4,150 Total investments measured at NAV $ 4,150 Total assets measured at fair value $ 140,102 Liabilities: Senior Unsecured Notes * $ 21,252 $ — $ 21,252 $ — Subordinated Notes * 10,640 — — 10,640 Total Liabilities measured at fair value $ 31,892 $ — $ 21,252 $ 10,640 * Carried at face value of debt net of unamortized debt issuance costs 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 7.1% of the fair value of the total investment portfolio as of September 30, 2019 . 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 92.5% of the fair value of the total investment portfolio as of September 30, 2019 . 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. The Level 2 financial instruments also include the Company's senior debt. The fair value of the borrowings under the senior revolving credit facility approximates its carrying amount because interest is based on a short-term, variable, market-based rate. As of September 30, 2019 , Level 3 is entirely comprised of the Company's subordinated debt. In determining the fair value of the subordinated debt outstanding at September 30, 2019 , the security attributes (issue date, maturity, coupon, calls, etc.) and market rates on September 24, 2018 (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 September 30, 2019 , 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 three and nine months ended September 30, 2019 and 2018 , respectively.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	9 Months Ended
	Sep. 30, 2019
Deferred Policy Acquisition Costs Disclosures [Abstract]
Deferred Policy Acquisition Costs	Deferred Policy Acquisition Costs The Company defers costs incurred which are incremental and directly related to the successful acquisition of new or renewal insurance business, net of corresponding amounts of ceded reinsurance commissions. Net deferred policy acquisition costs are amortized and charged to expense in proportion to premium earned over the estimated policy term. The Company anticipates that its deferred policy acquisition costs will be fully recoverable and there were no premium deficiencies for the nine months ended September 30, 2019 and 2018 . The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): Three Months Ended Nine Months Ended 2019 2018 2019 2018 Balance at beginning of period $ 12,302 $ 12,021 $ 12,011 $ 12,781 Deferred policy acquisition costs 6,730 6,274 18,820 18,499 Amortization of policy acquisition costs (6,153 ) (6,452 ) (17,952 ) (19,437 ) Net change 577 (178 ) 868 (938 ) Balance at end of period $ 12,879 $ 11,843 $ 12,879 $ 11,843

Unpaid Losses and Loss Adjustme

Unpaid Losses and Loss Adjustment Expenses	9 Months Ended
	Sep. 30, 2019
Insurance Loss Reserves [Abstract]
Unpaid Losses and Loss Adjustment Expenses	Unpaid Losses and Loss Adjustment Expenses The Company establishes reserves for unpaid losses and loss adjustment expenses ("LAE") which represent the estimated ultimate cost of all losses incurred that were both reported and unreported (i.e., incurred but not yet reported losses; or “IBNR”) and LAE incurred that remain unpaid at the balance sheet date. The Company’s reserving process takes into account known facts and interpretations of circumstances and factors including the Company’s experience with similar cases, actual claims paid, historical trends involving claim payment patterns and pending levels of unpaid claims, loss management programs, product mix and contractual terms, changes in law and regulation, judicial decisions, and economic conditions. In the normal course of business, the Company may also supplement its claims processes by utilizing third party adjusters, appraisers, engineers, inspectors, and other professionals and information sources to assess and settle catastrophe and non-catastrophe related claims. The effects of inflation are implicitly considered in the reserving process. Reserves are estimates of unpaid portions of losses that have occurred, including IBNR losses; therefore the establishment of appropriate reserves is an inherently uncertain and complex process. The ultimate cost of losses may vary materially from recorded amounts, which are based on management’s best estimates. The highest degree of uncertainty is associated with reserves for losses incurred in the current reporting period as it contains the greatest proportion of losses that have not been reported or settled. The Company regularly updates its reserve estimates as new information becomes available and as events unfold that may affect the resolution of unsettled claims. Changes in reserve estimates, which may be material, are reported in the results of operations in the period such changes are determined to be needed and recorded. Management believes that the reserve for losses and LAE, net of reinsurance recoverables, is appropriately established in the aggregate and adequate to cover the ultimate net cost of reported and unreported claims arising from losses which had occurred by the date of the consolidated financial statements based on available facts and in accordance with applicable laws and regulations. The table below provides the changes in the reserves for losses and LAE, net of reinsurance recoverables, for the periods indicated as follows (dollars in thousands): Three Months Ended Nine Months Ended 2019 2018 2019 2018 Gross reserves - beginning of period $ 97,981 $ 83,662 $ 92,807 $ 87,896 Less: reinsurance recoverables on unpaid losses 21,396 20,467 29,685 20,066 Plus: deferred gain on ADC (481 ) (2,412 ) (5,677 ) — Net reserves - beginning of period 77,066 65,607 68,799 67,830 Add: incurred losses and LAE, net of reinsurance: Current period 12,154 13,153 36,619 40,079 Prior period 2,703 3,401 7,076 4,871 Total net incurred losses and LAE 14,857 16,554 43,695 44,950 Deduct: loss and LAE payments, net of reinsurance: Current period 4,933 5,423 8,675 11,448 Prior period 6,515 7,877 23,344 32,471 Total net loss and LAE payments 11,448 13,300 32,019 43,919 Net reserves - end of period 80,475 68,861 80,475 68,861 Plus: reinsurance recoverables on unpaid losses 16,862 27,118 16,862 27,118 Less: deferred gain on ADC — (4,933 ) — (4,933 ) Gross reserves - end of period $ 97,337 $ 91,046 $ 97,337 $ 91,046 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). As of September 30, 2019 , the Company has ceded to the limit of the ADC. The Company accounts for the agreement as retroactive reinsurance. The Company’s incurred losses during the three and nine months ended September 30, 2019 include prior-year adverse reserve development of $2.7 million and $7.1 million , respectively. The reported reserve development is net of the amortization of the deferred gain on the ADC of $481,000 and $5.7 million for the three and nine months ended September 30, 2019, respectively. As of September 30, 2019, the deferred gain on the ADC was fully recognized. The adverse development mainly stemmed from commercial liability and Florida homeowners lines business. The Company’s incurred losses during the three and nine months ended September 30, 2018 included prior-year adverse reserve development of $3.4 million and $4.9 million , respectively. Before the effect of the ADC deferred gain, the commercial lines of business reported $4.2 million of adverse prior-year development and the personal lines of business reported $612,000 of adverse prior-year development for the three months ended September 30, 2018. Before the effect of the ADC deferred gain, the commercial lines of business reported $5.3 million of adverse prior-year development and the personal lines of business reported $1.9 million of adverse development for the nine months ended September 30, 2018. Included in the unfavorable development was $83,000 and $471,000 attributable to additional 2017 losses from Hurricane Harvey for the three and nine months ended September 30, 2018, respectively. The ADC had a favorable impact of $1.5 million and $2.4 million on prior year reserve development for the three and nine months ended September 30, 2018, respectively.

Reinsurance

Reinsurance	9 Months Ended
	Sep. 30, 2019
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 property risks in excess of $300,000 in both 2019 and 2018 and primarily ceded all specific liability risks in excess of $400,000 in 2019, and $500,000 in 2018 . 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 following table presents the effects of such reinsurance and assumption transactions on premiums and losses and LAE (dollars in thousands). The three and nine months ended September 30, 2019 written and earned premiums amounts includes $90,000 and $433,000 of reinsurance reinstatement costs relating to Hurricane Irma, respectively. Three Months Ended Nine Months Ended 2019 2018 2019 2018 Written premiums: Direct $ 16,973 $ 16,814 $ 50,390 $ 53,237 Assumed 10,104 9,815 26,072 23,691 Ceded (3,271 ) (3,783 ) (10,900 ) (11,642 ) Net written premiums $ 23,806 $ 22,846 $ 65,562 $ 65,286 Earned premiums: Direct $ 17,606 $ 19,955 $ 52,864 $ 61,739 Assumed 8,356 7,363 23,730 21,160 Ceded (3,187 ) (3,868 ) (10,783 ) (11,711 ) Net earned premiums $ 22,775 $ 23,450 $ 65,811 $ 71,188 Losses and LAE: Direct $ 13,232 $ 19,324 $ 47,464 $ 46,714 Assumed 5,667 5,027 15,922 11,996 Ceded (4,042 ) (7,797 ) (19,691 ) (13,760 ) Net Losses and LAE $ 14,857 $ 16,554 $ 43,695 $ 44,950

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	Debt The Company's debt is comprised of three instruments: $25.3 million of publicly traded senior unsecured notes which were issued in September and October of 2018, a $10.0 million line of credit which commenced in June 2018, and $10.5 million of privately placed subordinated notes (the “Subordinated Notes”). A summary of the Company's outstanding debt is as follows (dollars in thousands): September 30, 2019 December 31, 2018 Senior unsecured notes $ 24,220 $ 24,018 Subordinated notes 9,523 9,484 Line of credit — — Total $ 33,743 $ 33,502 As of March 31, 2019, the Company was not in compliance with the tangible net worth financial covenants for the Subordinated Notes and line of credit (which are identical). In May 2019, the holders of the Subordinated Notes and the line of credit (the “Lenders”) waived the March 31, 2019, tangible net worth requirement. On June 21, 2019, the Company renewed the $10.0 million line of credit with substantially the same terms and conditions other than adjustments to the tangible net worth covenant and the debt-to-total capital ratio covenant which were modified. The renewed line of credit matures on June 19, 2020. On June 21, 2019, the Company also entered into an amendment of the Subordinated Notes agreement to conform the tangible network and debt-to-total capital ratio covenants to the modified terms in the line of credit agreement. Under the modified debt covenant terms management expects to remain compliant going forward. On September 24, 2018, the Company issued $22.0 million of public senior unsecured notes (the "Notes"). Maturing on September 30, 2023, the Notes bear interest at a rate of 6.75% per annum, payable quarterly at the end of March, June, September and December. The Company may redeem the Notes, in whole or in part, at face value at any time after September 30, 2021. On October 12, 2018 the Company issued an additional $3.3 million of the Notes as the underwriters fully exercised their over-allotment option. The total aggregate principal amount of Notes sold by the Company in the public offering increased to $ 25.3 million . Proceeds from the Notes were primarily used to pay down $19.5 million of the Subordinated Notes. Effective September 24, 2018, the Company amended the terms of the Subordinated Notes to reduce the principle value to $10.5 million , change the maturity to September 30, 2038 and modify the call provisions. The amended Subordinated Notes bear interest at a rate of 7.5% per annum until September 30, 2023, and 12.5% thereafter, and allow for four quarterly interest payment deferrals. Interest is payable quarterly at the end of March, June, September and December. Beginning September 30, 2021, the Company may redeem the Subordinated Notes, in whole or in part, for a call premium of $1.1 million . The call premium escalates each quarter to ultimately $1.75 million on September 30, 2023, then steps up to $3.05 million on December 31, 2023, and increases quarterly at a 12.5% per annum rate thereafter. The debt covenants were consistent with the original Subordinated Note terms. The Company paid a $105,000 loan origination fee on the effective date. The Company recorded the Subordinated Notes amendment as a debt modification and retained the unamortized debt issuance costs from the original loan which will be amortized over the 20 -year life of the amended Subordinated Notes in conjunction with the $105,000 origination fee. The carrying value of the Notes and Subordinated Notes are offset by $1.1 million and $1.0 million of debt issuance costs, respectively. The debt issuance costs will be amortized through interest expense over the life of the loans. The Subordinated Notes contain various restrictive covenants that relate to the Company’s tangible net worth, fixed-charge coverage ratios, dividend paying capacity, reinsurance retentions, and risk-based capital ratios. At September 30, 2019 , the Company was in compliance with all of its debt financial covenants. On June 21, 2018, the Company entered into a $10.0 million line of credit. The line of credit 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. As of September 30, 2019 , the Company has no outstanding balance on the line of credit. On September 29, 2017, the Company executed $30.0 million of Subordinated Notes. These Subordinated Notes were amended as described above, and $19.5 million was paid down with proceeds from the Notes. These Subordinated Notes had a maturity date of September 29, 2032, bore interest, payable quarterly at a fixed annual rate of 8.0% , and allowed for up to four quarterly interest deferrals. On the fifth and tenth anniversary of the notes, the interest rate reset to 1,250 basis points and 1,500 basis points, respectively, above the 5 -year mid-swap rate.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity In June 2019, the Company issued $5.0 million of common equity through a private placement for 1,176,471 shares priced at $4.25 per share. The participants in the private placement consisted of members of the Company's Board of Directors. The Company used the proceeds for growth capital in the Company's specialty core business segments. On December 5, 2018, the Company's Board of Directors authorized a stock repurchase program, under which the Company may repurchase up to one million shares of the Company's common stock. Shares may be purchased in the open market or through negotiated transactions. The program may be terminated or suspended at any time, at the discretion of the Company. The Company may in the future enter into a Rule 10b5-1 trading plan to effect a portion of the authorized purchases, if criteria set forth in the plan are met. Such a plan would enable the Company to repurchase its shares during periods outside of its normal trading windows, when the Company typically would not be active in the market. The timing of purchases, and the exact number of any shares to be purchased, will depend on market conditions. The repurchase program does not include specific price targets or timetables. For the three and nine months ended September 30, 2019, the Company had repurchased 11,393 and 154,208 shares of stock valued at approximately $41,000 and $638,000 . For the year ended December 31, 2018, the Company had repurchased 129,175 shares of stock valued at approximately $584,000 related to the stock repurchase program. For three and nine months ended September 30, 2019, the Company had repurchased 6,359 and 8,667 shares of stock valued at approximately $25,000 and $36,000 related to the vesting of the Company's restricted stock units. For the year ended December 31, 2018, the Company repurchased 8,053 shares of stock valued at approximately $52,000 related to the vesting of the Company’s restricted stock units. Upon the repurchase of the Company's shares, the shares remain authorized, but not issued or outstanding. As of September 30, 2019 and December 31, 2018 the Company had 9,588,873 and 8,478,202 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)	9 Months Ended
	Sep. 30, 2019
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 Nine Months Ended 2019 2018 2019 2018 Balance at beginning of period $ 421 $ (3,060 ) $ (2,612 ) $ (363 ) 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 after cumulative effects 421 (3,060 ) (2,612 ) (842 ) Other comprehensive income (loss) before reclassifications (6 ) (352 ) 2,917 (2,574 ) Less: amounts reclassified from accumulated other comprehensive income (loss) (41 ) (18 ) (151 ) (22 ) Net other comprehensive income (loss) 35 (334 ) 3,068 (2,552 ) Balance at end of period $ 456 $ (3,394 ) $ 456 $ (3,394 )

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic and diluted earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except per share amounts): Three Months Ended Nine Months Ended 2019 2018 2019 2018 Net income (loss) $ (1,230 ) $ (3,551 ) $ (4,794 ) $ (4,451 ) Weighted average common shares, basic and diluted* 9,543,535 8,553,613 8,640,409 8,531,545 Earnings (loss) per common share, basic and diluted $ (0.13 ) $ (0.42 ) $ (0.55 ) $ (0.52 ) * The nonvested shares of the restricted stock units were anti-dilutive as of September 30, 2019 and September 30, 2018 . Therefore, the basic and diluted weighted average common shares are equal for the three and nine months ended September 30, 2019 and September 30, 2018 .

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [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, 2017 307 $ 9.84 Units granted 70 5.76 Units vested (89 ) 10.02 Units forfeited (15 ) 8.81 Outstanding at September 30, 2018 273 8.79 Units vested (6 ) 7.17 Units forfeited (3 ) 9.71 Outstanding at December 31, 2018 264 8.91 Units vested (95 ) 9.67 Units forfeited (15 ) 8.23 Outstanding at September 30, 2019 154 $ 8.51 The Company recorded $719,000 and $716,000 of compensation expense related to the RSUs for the nine months ended September 30, 2019 and 2018 , respectively. The total compensation cost related to the non-vested portion of the restricted stock units which has not been recognized as of September 30, 2019 , was $1.5 million .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal proceedings The Company and its subsidiaries are subject at times to various claims, lawsuits and proceedings relating principally to alleged errors or omissions in the placement of insurance, claims administration, and other business transactions arising in the ordinary course of business. Where appropriate, the Company vigorously defends such claims, lawsuits and proceedings. Some of these claims, lawsuits and proceedings seek damages, including consequential, exemplary or punitive damages, in amounts that could, if awarded, be significant. Most of the claims, lawsuits and proceedings arising in the ordinary course of business are related to the insurance policy issued. On the basis of current information, the Company does not believe that there is a reasonable possibility that any material loss exceeding amounts already accrued, if any, will result from any of the claims, lawsuits and proceedings to which the Company is subject, either individually, or in the aggregate.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2019
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 three classes of insurance businesses: commercial lines, personal lines, and wholesale agency business. Within these three businesses, the Company offers various insurance products and insurance agency services. Such insurance businesses are engaged in underwriting and marketing insurance coverages, and administering claims processing for such policies. The Company views the commercial and personal lines segments as underwriting business (business that takes on insurance underwriting risk). The wholesale agency business provides non-risk bearing revenue through commissions and policy fees. The wholesale agency business increases the product options to the Company’s independent retail agents by offering both insurance products from the Insurance Company Subsidiaries as well as products offered by other insurers. This segment has expanded in 2019, resulting in its separate disclosure. Prior periods have been recast to reflect the separate disclosure of the wholesale agency segment. The Company defines its operating segments as components of the business where separate financial information is available and used by the chief operating decision maker in deciding how to allocate resources to its segments and in assessing its performance. In assessing performance of its operating segments, the Company’s chief operating decision maker, the Chief Executive Officer, reviews a number of financial measures including gross written premiums, net earned premiums, losses and LAE, net of reinsurance recoveries, and other revenue and expenses. 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 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 nine months ended September 30, 2019 and 2018 , gross written premiums attributable to these four states were 49% and 54% , respectively, of the Company’s total gross written premiums. The Agency business sells insurance products on behalf of the Company’s commercial and personal lines businesses as well as to third-party insurers. Certain acquisition costs incurred by the commercial and personal lines businesses are reflected as commission revenue for the Agency business and are eliminated in the Eliminations category. In addition to the reportable operating segments, the Company maintains a Corporate category to reconcile segment results to the consolidated totals. The Corporate 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, net realized investment gains, and change in fair value of equity securities on the consolidated statements of operations. The Company’s assets on the consolidated balance sheet are not allocated to the reportable segments. The following tables present information by reportable operating segment (dollars in thousands): Three Months Ended September 30, 2019 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 25,018 $ 2,059 $ 27,077 $ — $ — $ — $ 27,077 Net written premiums $ 22,095 $ 1,711 $ 23,806 $ — $ — $ — $ 23,806 Net earned premiums $ 21,439 $ 1,336 $ 22,775 $ — $ — $ — $ 22,775 Other income 70 33 103 2,619 47 (2,205 ) 564 Total revenue 21,509 1,369 22,878 2,619 47 (2,205 ) 23,339 Losses and loss adjustment expenses, net 13,517 1,340 14,857 — — — 14,857 Policy acquisition costs 6,114 447 6,561 1,825 — (2,233 ) 6,153 Operating expenses 3,239 327 3,566 434 297 — 4,297 Total expenses 22,870 2,114 24,984 2,259 297 (2,233 ) 25,307 Underwriting gain (loss) $ (1,361 ) $ (745 ) $ (2,106 ) $ 360 $ (250 ) $ 28 $ (1,968 ) Net investment income — — 1,210 — 1,210 Net realized investment gains — — 390 — 390 Change in fair value of equity securities — — (1,065 ) — (1,065 ) Interest expense — — (720 ) — (720 ) Income (loss) before equity earnings of affiliates and income taxes $ (2,106 ) $ 360 $ (435 ) $ 28 $ (2,153 ) Three Months Ended September 30, 2018 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 24,806 $ 1,823 $ 26,629 $ — $ — $ — $ 26,629 Net written premiums $ 22,160 $ 686 $ 22,846 $ — $ — $ — $ 22,846 Net earned premiums $ 21,270 $ 2,180 $ 23,450 $ — $ — $ — $ 23,450 Other income 19 49 68 2,708 34 (2,405 ) 405 Total revenue 21,289 2,229 23,518 2,708 34 (2,405 ) 23,855 Losses and loss adjustment expenses, net 14,445 2,109 16,554 — — — 16,554 Policy acquisition costs 6,088 961 7,049 1,808 — (2,405 ) 6,452 Operating expenses 3,871 325 4,196 389 201 4,786 Total expenses 24,404 3,395 27,799 2,197 201 (2,405 ) 27,792 Underwriting gain (loss) $ (3,115 ) $ (1,166 ) (4,281 ) 511 (167 ) — (3,937 ) Net investment income — — 786 — 786 Net realized investment gains — — (21 ) — (21 ) Change in fair value of equity securities — — 151 — 151 Interest expense — — (598 ) — (598 ) Income (loss) before equity earnings of affiliates and income taxes $ (4,281 ) $ 511 $ 151 $ — $ (3,619 ) Nine Months Ended September 30, 2019 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 71,061 $ 5,401 $ 76,462 $ — $ — $ — $ 76,462 Net written premiums $ 61,579 $ 3,983 $ 65,562 $ — $ — $ — $ 65,562 Net earned premiums $ 62,291 $ 3,520 $ 65,811 $ — $ — $ — $ 65,811 Other income 144 108 252 7,099 179 (5,963 ) 1,567 Total revenue 62,435 3,628 66,063 7,099 179 (5,963 ) 67,378 Losses and loss adjustment expenses, net 38,611 5,084 43,695 — — — 43,695 Policy acquisition costs 17,335 1,202 18,537 4,787 — (5,372 ) 17,952 Operating expenses 9,614 867 10,481 1,572 907 — 12,960 Total expenses 65,560 7,153 72,713 6,359 907 (5,372 ) 74,607 Underwriting gain (loss) $ (3,125 ) $ (3,525 ) $ (6,650 ) $ 740 $ (728 ) $ (591 ) $ (7,229 ) Net investment income — — 3,171 — 3,171 Net realized investment gains — — 1,124 — 1,124 Change in fair value of equity securities — — (715 ) — (715 ) Interest expense — — (2,155 ) — (2,155 ) Income (loss) before equity earnings of affiliates and income taxes $ (6,650 ) $ 740 $ 697 $ (591 ) $ (5,804 ) Nine Months Ended September 30, 2018 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 71,602 $ 5,326 $ 76,928 $ — $ — $ — $ 76,928 Net written premiums $ 63,866 $ 1,420 $ 65,286 $ — $ — $ — $ 65,286 Net earned premiums $ 62,270 $ 8,918 $ 71,188 $ — $ — $ — $ 71,188 Other income 76 181 257 7,018 99 (6,162 ) 1,212 Total revenue 62,346 9,099 71,445 7,018 99 (6,162 ) 72,400 Losses and loss adjustment expenses, net 36,979 7,971 44,950 — — — 44,950 Policy acquisition costs 17,722 3,260 20,982 4,617 (6,162 ) 19,437 Operating expenses 10,906 779 11,685 1,340 251 13,276 Total expenses 65,607 12,010 77,617 5,957 251 (6,162 ) 77,663 Underwriting gain (loss) $ (3,261 ) $ (2,911 ) $ (6,172 ) $ 1,061 $ (152 ) $ — $ (5,263 ) Net investment income 2,425 — 2,425 Net realized investment gains 152 — 152 Change in fair value of equity securities (116 ) — (116 ) Interest expense (1,834 ) — (1,834 ) Income (loss) before equity earnings of affiliates and income taxes $ (6,172 ) $ 1,061 $ 475 $ — $ (4,636 )

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
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 nine months ended September 30, 2019 , are not necessarily indicative of the results expected for the year ended December 31, 2019 . 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, 2018 , as filed with the SEC.
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.
Cash, Cash Equivalents, and Short-term Investments	Cash, Cash Equivalents, and Short-term Investments Cash consists of cash deposits in banks, generally in operating accounts. Cash equivalents consist of money-market funds that are specifically used as overnight investments tied to cash deposit accounts. Short-term investments, consisting of money-market funds, are classified as investments in the consolidated balance sheets as they relate to the Company’s investment activities.
Lease Accounting	Lease Accounting Effective January 1, 2019, the Company adopted FASB Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) , which addresses the financial reporting of leasing transactions. This update required 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 amortized 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. We do not have any financing leases. The Company elected to use the transition option of practical expedients permitted within the new standard, which allows for the adoption of the new standard at the effective date without adjusting the comparative prior periods presented. Our operating leases consist primarily of real estate utilized in the operation of our businesses with lease terms ranging from 5 to 10 years . Management has determined the appropriate discount rate to use in calculating the right-to-use asset and lease liability is 6.75% . The Company recorded a right-of-use asset of $3.9 million and lease liabilities of $3.9 million included in Other Assets and Other Liabilities in the Consolidated Balance Sheet on January 1, 2019.
Recently Issued Accounting Guidance	Recently Issued Accounting 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, 2022. Management is currently evaluating the impact of the guidance. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 840) , which modifies the disclosure requirements for assets and liabilities measured at fair value. The requirements to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of transfers between levels and the valuation processes for Level 3 fair value measurements have all been removed. However, the changes in unrealized gains and losses included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period must be disclosed along with the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements (or other quantitative information if it is more reasonable). Finally, for investments measured at net asset value, the requirements have been modified so that the timing of liquidation and the date when restrictions from redemption might lapse are only disclosed if the investee has communicated the timing to the entity or announced the timing publicly. This ASU is effective for annual and interim reporting periods beginning after December 15, 2019. Management is currently evaluating the impact of the guidance. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements.
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 7.1% of the fair value of the total investment portfolio as of September 30, 2019 . 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 92.5% of the fair value of the total investment portfolio as of September 30, 2019 . 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. The Level 2 financial instruments also include the Company's senior debt. The fair value of the borrowings under the senior revolving credit facility approximates its carrying amount because interest is based on a short-term, variable, market-based rate. As of September 30, 2019 , Level 3 is entirely comprised of the Company's subordinated debt. In determining the fair value of the subordinated debt outstanding at September 30, 2019 , the security attributes (issue date, maturity, coupon, calls, etc.) and market rates on September 24, 2018 (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 September 30, 2019 , 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 three and nine months ended September 30, 2019 and 2018 , 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. Net Asset Value (NAV) —The fair values of investment company limited partnership investments are based on the capital account balances reported by the investment funds subject to their management review and adjustment. These capital account balances reflect the fair value of the investment funds.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities	The cost or amortized cost, gross unrealized gain or loss, and estimated fair value of the investments in securities classified as available for sale at September 30, 2019 and December 31, 2018 , were as follows (dollars in thousands): September 30, 2019 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Debt Securities: U.S. Government $ 13,917 $ 72 $ (10 ) $ 13,979 State and local government 14,091 582 — 14,673 Corporate debt 37,308 855 (14 ) 38,149 Asset-backed securities 20,167 84 (57 ) 20,194 Mortgage-backed securities 30,206 147 (221 ) 30,132 Commercial mortgage-backed securities 4,271 193 — 4,464 Collateralized mortgage obligations 4,086 31 (4 ) 4,113 Total debt securities available for sale $ 124,046 $ 1,964 $ (306 ) $ 125,704 December 31, 2018 Cost or Amortized Cost Gross Unrealized Estimated Fair Value Gains Losses Debt Securities: U.S. Government $ 15,360 $ 3 $ (178 ) $ 15,185 State and local government 15,847 115 (174 ) 15,788 Corporate debt 30,423 74 (651 ) 29,846 Asset-backed securities 24,468 24 (208 ) 24,284 Mortgage-backed securities 30,377 18 (1,155 ) 29,240 Commercial mortgage-backed securities 4,025 5 (77 ) 3,953 Collateralized mortgage obligations 2,178 9 (43 ) 2,144 Total debt securities available for sale $ 122,678 $ 248 $ (2,486 ) $ 120,440
Schedule of Unrealized Loss Positions	The following table summarizes the aggregate fair value and gross unrealized losses, by security type, of the available-for-sale securities in unrealized loss positions. The table segregates the holdings based on the length of time that individual securities have been in a continuous unrealized loss position, as follows (dollars in thousands): September 30, 2019 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 — $ — $ — 8 $ 5,768 $ (10 ) 8 $ 5,768 $ (10 ) State and local government — — — 1 63 — 1 63 — Corporate debt 1 504 (5 ) 3 1,692 (9 ) 4 2,196 (14 ) Asset-backed securities 7 4,658 (10 ) 17 9,035 (47 ) 24 13,693 (57 ) Mortgage-backed securities 3 3,111 (1 ) 23 14,731 (220 ) 26 17,842 (221 ) Commercial mortgage-backed securities 1 4 — 1 457 — 2 461 — Collateralized mortgage obligations 7 1,420 (4 ) — — — 7 1,420 (4 ) Total debt securities available for sale 19 $ 9,697 $ (20 ) 53 $ 31,746 $ (286 ) 72 $ 41,443 $ (306 ) December 31, 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 1 $ 2,470 $ (24 ) 16 $ 11,725 $ (154 ) 17 $ 14,195 $ (178 ) State and local government 21 4,935 (40 ) 16 4,273 (134 ) 37 9,208 (174 ) Corporate debt 36 12,096 (140 ) 25 11,993 (511 ) 61 24,089 (651 ) Asset-backed securities 25 17,743 (148 ) 9 4,166 (60 ) 34 21,909 (208 ) Mortgage-backed securities 20 5,474 (138 ) 30 21,715 (1,017 ) 50 27,189 (1,155 ) Commercial mortgage-backed securities 4 1,082 (12 ) 3 2,632 (65 ) 7 3,714 (77 ) Collateralized mortgage obligations 4 116 (1 ) 6 1,587 (42 ) 10 1,703 (43 ) Total debt securities available for sale 111 $ 43,916 $ (503 ) 105 $ 58,091 $ (1,983 ) 216 $ 102,007 $ (2,486 )
Schedule of Investment Income	The Company’s sources of net investment income are as follows (dollars in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Debt securities $ 861 $ 801 $ 2,716 $ 2,495 Equity securities 247 33 322 98 Cash, cash equivalents and short-term investments 156 19 342 55 Total investment income 1,264 853 3,380 2,648 Investment expenses (54 ) (67 ) (209 ) (223 ) Net investment income $ 1,210 $ 786 $ 3,171 $ 2,425
Schedule of Gross Realized Gains and Losses on Securities	The following table summarizes the gross realized gains and losses from sales, calls or maturities of available-for-sale debt and equity securities (dollars in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Debt securities: Gross realized gains $ 8 $ 52 $ 231 $ 54 Gross realized losses (1 ) (131 ) (53 ) (146 ) Total debt securities 7 (79 ) 178 (92 ) Equity securities: Gross realized gains 397 84 985 290 Gross realized losses (14 ) (26 ) (39 ) (46 ) Total equity securities 383 58 946 244 Total net realized investment gains (losses) $ 390 $ (21 ) $ 1,124 $ 152
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 September 30, 2019 . 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 $ 9,583 $ 9,588 Due after one year through five years 31,619 32,158 Due after five years through ten years 14,762 15,314 Due after ten years 9,352 9,741 Securities with contractual maturities 65,316 66,801 Asset-backed securities 20,167 20,194 Mortgage-backed securities 30,206 30,132 Commercial mortgage-backed securities 4,271 4,464 Collateralized mortgage obligations 4,086 4,113 Total debt securities $ 124,046 $ 125,704

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value	The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis, classified by the valuation hierarchy as of September 30, 2019 and December 31, 2018 (dollars in thousands): September 30, 2019 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 $ 13,979 $ — $ 13,979 $ — State and local government 14,673 — 14,673 — Corporate debt 38,149 — 38,149 — Asset-backed securities 20,194 — 20,194 — Mortgage-backed securities 30,132 — 30,132 — Commercial mortgage-backed securities 4,464 — 4,464 — Collateralized mortgage obligations 4,113 — 4,113 — Total debt securities 125,704 — 125,704 — Equity Securities 6,414 6,150 264 — Short-term investments 3,508 3,508 — — Total marketable investments measured at fair value $ 135,626 $ 9,658 $ 125,968 $ — Investments measured at NAV: Investment in limited partnership $ 586 Total investments measured at NAV $ 586 Total assets measured at fair value $ 136,212 Liabilities: Senior Unsecured Notes * $ 23,276 $ — $ 23,276 $ — Subordinated Notes * 11,133 — — 11,133 Total Liabilities measured at fair value $ 34,409 $ — $ 23,276 $ 11,133 * Carried at face value of debt net of unamortized debt issuance costs on the consolidated balance sheet ** Carried at cost on the consolidated balance sheet December 31, 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 $ 15,185 $ — $ 15,185 $ — State and local government 15,788 — 15,788 — Corporate debt 29,846 — 29,846 — Asset-backed securities 24,284 — 24,284 — Mortgage-backed securities 29,240 — 29,240 — Commercial mortgage-backed securities 3,953 — 3,953 — Collateralized mortgage obligations 2,144 — 2,144 — Total debt securities 120,440 — 120,440 — Equity securities 6,587 6,323 264 — Short-term investments 8,925 8,925 — — Total marketable investments measured at fair value $ 135,952 $ 15,248 $ 120,704 $ — Investments measured at NAV: Investment in limited partnership $ 4,150 Total investments measured at NAV $ 4,150 Total assets measured at fair value $ 140,102 Liabilities: Senior Unsecured Notes * $ 21,252 $ — $ 21,252 $ — Subordinated Notes * 10,640 — — 10,640 Total Liabilities measured at fair value $ 31,892 $ — $ 21,252 $ 10,640 * Carried at face value of debt net of unamortized debt issuance costs on the consolidated balance sheet

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs (Tables)	9 Months Ended
	Sep. 30, 2019
Deferred Policy Acquisition Costs Disclosures [Abstract]
Summary of Deferred Policy Acquisition Costs	The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): Three Months Ended Nine Months Ended 2019 2018 2019 2018 Balance at beginning of period $ 12,302 $ 12,021 $ 12,011 $ 12,781 Deferred policy acquisition costs 6,730 6,274 18,820 18,499 Amortization of policy acquisition costs (6,153 ) (6,452 ) (17,952 ) (19,437 ) Net change 577 (178 ) 868 (938 ) Balance at end of period $ 12,879 $ 11,843 $ 12,879 $ 11,843

Unpaid Losses and Loss Adjust_2

Unpaid Losses and Loss Adjustment Expenses (Tables)	9 Months Ended
	Sep. 30, 2019
Insurance Loss Reserves [Abstract]
Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense	The table below provides the changes in the reserves for losses and LAE, net of reinsurance recoverables, for the periods indicated as follows (dollars in thousands): Three Months Ended Nine Months Ended 2019 2018 2019 2018 Gross reserves - beginning of period $ 97,981 $ 83,662 $ 92,807 $ 87,896 Less: reinsurance recoverables on unpaid losses 21,396 20,467 29,685 20,066 Plus: deferred gain on ADC (481 ) (2,412 ) (5,677 ) — Net reserves - beginning of period 77,066 65,607 68,799 67,830 Add: incurred losses and LAE, net of reinsurance: Current period 12,154 13,153 36,619 40,079 Prior period 2,703 3,401 7,076 4,871 Total net incurred losses and LAE 14,857 16,554 43,695 44,950 Deduct: loss and LAE payments, net of reinsurance: Current period 4,933 5,423 8,675 11,448 Prior period 6,515 7,877 23,344 32,471 Total net loss and LAE payments 11,448 13,300 32,019 43,919 Net reserves - end of period 80,475 68,861 80,475 68,861 Plus: reinsurance recoverables on unpaid losses 16,862 27,118 16,862 27,118 Less: deferred gain on ADC — (4,933 ) — (4,933 ) Gross reserves - end of period $ 97,337 $ 91,046 $ 97,337 $ 91,046

Reinsurance (Tables)

Reinsurance (Tables)	9 Months Ended
	Sep. 30, 2019
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 three and nine months ended September 30, 2019 written and earned premiums amounts includes $90,000 and $433,000 of reinsurance reinstatement costs relating to Hurricane Irma, respectively. Three Months Ended Nine Months Ended 2019 2018 2019 2018 Written premiums: Direct $ 16,973 $ 16,814 $ 50,390 $ 53,237 Assumed 10,104 9,815 26,072 23,691 Ceded (3,271 ) (3,783 ) (10,900 ) (11,642 ) Net written premiums $ 23,806 $ 22,846 $ 65,562 $ 65,286 Earned premiums: Direct $ 17,606 $ 19,955 $ 52,864 $ 61,739 Assumed 8,356 7,363 23,730 21,160 Ceded (3,187 ) (3,868 ) (10,783 ) (11,711 ) Net earned premiums $ 22,775 $ 23,450 $ 65,811 $ 71,188 Losses and LAE: Direct $ 13,232 $ 19,324 $ 47,464 $ 46,714 Assumed 5,667 5,027 15,922 11,996 Ceded (4,042 ) (7,797 ) (19,691 ) (13,760 ) Net Losses and LAE $ 14,857 $ 16,554 $ 43,695 $ 44,950

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Outstanding Senior Debt	A summary of the Company's outstanding debt is as follows (dollars in thousands): September 30, 2019 December 31, 2018 Senior unsecured notes $ 24,220 $ 24,018 Subordinated notes 9,523 9,484 Line of credit — — Total $ 33,743 $ 33,502

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents changes in accumulated other comprehensive income (loss) for unrealized gains and losses on available-for-sale securities (dollars in thousands): Three Months Ended Nine Months Ended 2019 2018 2019 2018 Balance at beginning of period $ 421 $ (3,060 ) $ (2,612 ) $ (363 ) 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 after cumulative effects 421 (3,060 ) (2,612 ) (842 ) Other comprehensive income (loss) before reclassifications (6 ) (352 ) 2,917 (2,574 ) Less: amounts reclassified from accumulated other comprehensive income (loss) (41 ) (18 ) (151 ) (22 ) Net other comprehensive income (loss) 35 (334 ) 3,068 (2,552 ) Balance at end of period $ 456 $ (3,394 ) $ 456 $ (3,394 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except per share amounts): Three Months Ended Nine Months Ended 2019 2018 2019 2018 Net income (loss) $ (1,230 ) $ (3,551 ) $ (4,794 ) $ (4,451 ) Weighted average common shares, basic and diluted* 9,543,535 8,553,613 8,640,409 8,531,545 Earnings (loss) per common share, basic and diluted $ (0.13 ) $ (0.42 ) $ (0.55 ) $ (0.52 ) * The nonvested shares of the restricted stock units were anti-dilutive as of September 30, 2019 and September 30, 2018 . Therefore, the basic and diluted weighted average common shares are equal for the three and nine months ended September 30, 2019 and September 30, 2018 .

Stock-based Compensation (Table

Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [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, 2017 307 $ 9.84 Units granted 70 5.76 Units vested (89 ) 10.02 Units forfeited (15 ) 8.81 Outstanding at September 30, 2018 273 8.79 Units vested (6 ) 7.17 Units forfeited (3 ) 9.71 Outstanding at December 31, 2018 264 8.91 Units vested (95 ) 9.67 Units forfeited (15 ) 8.23 Outstanding at September 30, 2019 154 $ 8.51

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following tables present information by reportable operating segment (dollars in thousands): Three Months Ended September 30, 2019 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 25,018 $ 2,059 $ 27,077 $ — $ — $ — $ 27,077 Net written premiums $ 22,095 $ 1,711 $ 23,806 $ — $ — $ — $ 23,806 Net earned premiums $ 21,439 $ 1,336 $ 22,775 $ — $ — $ — $ 22,775 Other income 70 33 103 2,619 47 (2,205 ) 564 Total revenue 21,509 1,369 22,878 2,619 47 (2,205 ) 23,339 Losses and loss adjustment expenses, net 13,517 1,340 14,857 — — — 14,857 Policy acquisition costs 6,114 447 6,561 1,825 — (2,233 ) 6,153 Operating expenses 3,239 327 3,566 434 297 — 4,297 Total expenses 22,870 2,114 24,984 2,259 297 (2,233 ) 25,307 Underwriting gain (loss) $ (1,361 ) $ (745 ) $ (2,106 ) $ 360 $ (250 ) $ 28 $ (1,968 ) Net investment income — — 1,210 — 1,210 Net realized investment gains — — 390 — 390 Change in fair value of equity securities — — (1,065 ) — (1,065 ) Interest expense — — (720 ) — (720 ) Income (loss) before equity earnings of affiliates and income taxes $ (2,106 ) $ 360 $ (435 ) $ 28 $ (2,153 ) Three Months Ended September 30, 2018 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 24,806 $ 1,823 $ 26,629 $ — $ — $ — $ 26,629 Net written premiums $ 22,160 $ 686 $ 22,846 $ — $ — $ — $ 22,846 Net earned premiums $ 21,270 $ 2,180 $ 23,450 $ — $ — $ — $ 23,450 Other income 19 49 68 2,708 34 (2,405 ) 405 Total revenue 21,289 2,229 23,518 2,708 34 (2,405 ) 23,855 Losses and loss adjustment expenses, net 14,445 2,109 16,554 — — — 16,554 Policy acquisition costs 6,088 961 7,049 1,808 — (2,405 ) 6,452 Operating expenses 3,871 325 4,196 389 201 4,786 Total expenses 24,404 3,395 27,799 2,197 201 (2,405 ) 27,792 Underwriting gain (loss) $ (3,115 ) $ (1,166 ) (4,281 ) 511 (167 ) — (3,937 ) Net investment income — — 786 — 786 Net realized investment gains — — (21 ) — (21 ) Change in fair value of equity securities — — 151 — 151 Interest expense — — (598 ) — (598 ) Income (loss) before equity earnings of affiliates and income taxes $ (4,281 ) $ 511 $ 151 $ — $ (3,619 ) Nine Months Ended September 30, 2019 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 71,061 $ 5,401 $ 76,462 $ — $ — $ — $ 76,462 Net written premiums $ 61,579 $ 3,983 $ 65,562 $ — $ — $ — $ 65,562 Net earned premiums $ 62,291 $ 3,520 $ 65,811 $ — $ — $ — $ 65,811 Other income 144 108 252 7,099 179 (5,963 ) 1,567 Total revenue 62,435 3,628 66,063 7,099 179 (5,963 ) 67,378 Losses and loss adjustment expenses, net 38,611 5,084 43,695 — — — 43,695 Policy acquisition costs 17,335 1,202 18,537 4,787 — (5,372 ) 17,952 Operating expenses 9,614 867 10,481 1,572 907 — 12,960 Total expenses 65,560 7,153 72,713 6,359 907 (5,372 ) 74,607 Underwriting gain (loss) $ (3,125 ) $ (3,525 ) $ (6,650 ) $ 740 $ (728 ) $ (591 ) $ (7,229 ) Net investment income — — 3,171 — 3,171 Net realized investment gains — — 1,124 — 1,124 Change in fair value of equity securities — — (715 ) — (715 ) Interest expense — — (2,155 ) — (2,155 ) Income (loss) before equity earnings of affiliates and income taxes $ (6,650 ) $ 740 $ 697 $ (591 ) $ (5,804 ) Nine Months Ended September 30, 2018 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 71,602 $ 5,326 $ 76,928 $ — $ — $ — $ 76,928 Net written premiums $ 63,866 $ 1,420 $ 65,286 $ — $ — $ — $ 65,286 Net earned premiums $ 62,270 $ 8,918 $ 71,188 $ — $ — $ — $ 71,188 Other income 76 181 257 7,018 99 (6,162 ) 1,212 Total revenue 62,346 9,099 71,445 7,018 99 (6,162 ) 72,400 Losses and loss adjustment expenses, net 36,979 7,971 44,950 — — — 44,950 Policy acquisition costs 17,722 3,260 20,982 4,617 (6,162 ) 19,437 Operating expenses 10,906 779 11,685 1,340 251 13,276 Total expenses 65,607 12,010 77,617 5,957 251 (6,162 ) 77,663 Underwriting gain (loss) $ (3,261 ) $ (2,911 ) $ (6,172 ) $ 1,061 $ (152 ) $ — $ (5,263 ) Net investment income 2,425 — 2,425 Net realized investment gains 152 — 152 Change in fair value of equity securities (116 ) — (116 ) Interest expense (1,834 ) — (1,834 ) Income (loss) before equity earnings of affiliates and income taxes $ (6,172 ) $ 1,061 $ 475 $ — $ (4,636 )

Investments - Available-for-sal

Investments - Available-for-sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Debt maturity securities, amortized cost	$ 124,046	$ 122,678
Debt securities, gross unrealized gain	1,964	248
Debt securities, gross unrealized loss	(306)	(2,486)
Debt securities, estimated fair value	125,704	120,440
U.S. Government
Debt Securities, Available-for-sale [Line Items]
Debt maturity securities, amortized cost	13,917	15,360
Debt securities, gross unrealized gain	72	3
Debt securities, gross unrealized loss	(10)	(178)
Debt securities, estimated fair value	13,979	15,185
State and local government
Debt Securities, Available-for-sale [Line Items]
Debt maturity securities, amortized cost	14,091	15,847
Debt securities, gross unrealized gain	582	115
Debt securities, gross unrealized loss	0	(174)
Debt securities, estimated fair value	14,673	15,788
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Debt maturity securities, amortized cost	37,308	30,423
Debt securities, gross unrealized gain	855	74
Debt securities, gross unrealized loss	(14)	(651)
Debt securities, estimated fair value	38,149	29,846
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt maturity securities, amortized cost	20,167	24,468
Debt securities, gross unrealized gain	84	24
Debt securities, gross unrealized loss	(57)	(208)
Debt securities, estimated fair value	20,194	24,284
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt maturity securities, amortized cost	30,206	30,377
Debt securities, gross unrealized gain	147	18
Debt securities, gross unrealized loss	(221)	(1,155)
Debt securities, estimated fair value	30,132	29,240
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt maturity securities, amortized cost	4,271	4,025
Debt securities, gross unrealized gain	193	5
Debt securities, gross unrealized loss	0	(77)
Debt securities, estimated fair value	4,464	3,953
Collateralized mortgage obligations
Debt Securities, Available-for-sale [Line Items]
Debt maturity securities, amortized cost	4,086	2,178
Debt securities, gross unrealized gain	31	9
Debt securities, gross unrealized loss	(4)	(43)
Debt securities, estimated fair value	$ 4,113	$ 2,144

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details) $ in Millions	Sep. 30, 2019class_businessstate	Jan. 01, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of types of business | class_business	3
Number of states in which entity operates | state	50
Discount rate	6.75%
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use asset		$ 3.9
Lease liability		$ 3.9
Affiliate
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Ownership percentage	50.00%
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease term	5 years
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease term	10 years

Investments - Available-for-s_2

Investments - Available-for-sale Securities in Unrealized Loss Positions (Details) $ in Thousands	Sep. 30, 2019USD ($)security	Dec. 31, 2018USD ($)security
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Debt securities, less than 12 months, number of issues | security	19	111
Debt securities, greater than 12 months, number of issues | security	53	105
Debt securities, number of issues | security	72	216
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 9,697	$ 43,916
Debt securities, greater than 12 months, fair value	31,746	58,091
Debt securities, fair value	41,443	102,007
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(20)	(503)
Debt securities, greater than 12 months, unrealized losses	(286)	(1,983)
Debt securities, total unrealized losses	$ (306)	$ (2,486)
U.S. Government
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Debt securities, less than 12 months, number of issues | security	0	1
Debt securities, greater than 12 months, number of issues | security	8	16
Debt securities, number of issues | security	8	17
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 0	$ 2,470
Debt securities, greater than 12 months, fair value	5,768	11,725
Debt securities, fair value	5,768	14,195
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	0	(24)
Debt securities, greater than 12 months, unrealized losses	(10)	(154)
Debt securities, total unrealized losses	$ (10)	$ (178)
State and local government
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Debt securities, less than 12 months, number of issues | security	0	21
Debt securities, greater than 12 months, number of issues | security	1	16
Debt securities, number of issues | security	1	37
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 0	$ 4,935
Debt securities, greater than 12 months, fair value	63	4,273
Debt securities, fair value	63	9,208
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	0	(40)
Debt securities, greater than 12 months, unrealized losses	0	(134)
Debt securities, total unrealized losses	$ 0	$ (174)
Corporate debt
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Debt securities, less than 12 months, number of issues | security	1	36
Debt securities, greater than 12 months, number of issues | security	3	25
Debt securities, number of issues | security	4	61
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 504	$ 12,096
Debt securities, greater than 12 months, fair value	1,692	11,993
Debt securities, fair value	2,196	24,089
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(5)	(140)
Debt securities, greater than 12 months, unrealized losses	(9)	(511)
Debt securities, total unrealized losses	$ (14)	$ (651)
Asset-backed securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Debt securities, less than 12 months, number of issues | security	7	25
Debt securities, greater than 12 months, number of issues | security	17	9
Debt securities, number of issues | security	24	34
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 4,658	$ 17,743
Debt securities, greater than 12 months, fair value	9,035	4,166
Debt securities, fair value	13,693	21,909
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(10)	(148)
Debt securities, greater than 12 months, unrealized losses	(47)	(60)
Debt securities, total unrealized losses	$ (57)	$ (208)
Mortgage-backed securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Debt securities, less than 12 months, number of issues | security	3	20
Debt securities, greater than 12 months, number of issues | security	23	30
Debt securities, number of issues | security	26	50
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 3,111	$ 5,474
Debt securities, greater than 12 months, fair value	14,731	21,715
Debt securities, fair value	17,842	27,189
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(1)	(138)
Debt securities, greater than 12 months, unrealized losses	(220)	(1,017)
Debt securities, total unrealized losses	$ (221)	$ (1,155)
Commercial mortgage-backed securities
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Debt securities, less than 12 months, number of issues | security	1	4
Debt securities, greater than 12 months, number of issues | security	1	3
Debt securities, number of issues | security	2	7
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 4	$ 1,082
Debt securities, greater than 12 months, fair value	457	2,632
Debt securities, fair value	461	3,714
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	0	(12)
Debt securities, greater than 12 months, unrealized losses	0	(65)
Debt securities, total unrealized losses	$ 0	$ (77)
Collateralized mortgage obligations
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Debt securities, less than 12 months, number of issues | security	7	4
Debt securities, greater than 12 months, number of issues | security	0	6
Debt securities, number of issues | security	7	10
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 1,420	$ 116
Debt securities, greater than 12 months, fair value	0	1,587
Debt securities, fair value	1,420	1,703
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(4)	(1)
Debt securities, greater than 12 months, unrealized losses	0	(42)
Debt securities, total unrealized losses	$ (4)	$ (43)

Investments - Net Investment In

Investments - Net Investment Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net Investment Income [Line Items]
Investment income	$ 1,264	$ 853	$ 3,380	$ 2,648
Investment expenses	(54)	(67)	(209)	(223)
Net investment income	1,210	786	3,171	2,425
Debt securities
Net Investment Income [Line Items]
Investment income	861	801	2,716	2,495
Equity securities
Net Investment Income [Line Items]
Investment income	247	33	322	98
Cash, cash equivalents and short-term investments
Net Investment Income [Line Items]
Investment income	$ 156	$ 19	$ 342	$ 55

Investments - Gross Realized Ga

Investments - Gross Realized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Debt securities:
Gross realized gains	$ 8	$ 52	$ 231	$ 54
Gross realized losses	(1)	(131)	(53)	(146)
Total debt securities	7	(79)	178	(92)
Equity securities:
Gross realized gains	397	84	985	290
Gross realized losses	(14)	(26)	(39)	(46)
Total equity securities	383	58	946	244
Total net realized investment gains (losses)	$ 390	$ (21)	$ 1,124	$ 152

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of available-for-sale debt securities	$ 24,000	$ 23,500
Gross realized gains	231	6
Gross realized losses	53	$ 90
Deposits held in trust accounts	8,600		$ 8,500
Deposits, held in trust for collateral requirements	$ 53,600		$ 45,400

Investments - Available-for-s_3

Investments - Available-for-sale Fixed Maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Amortized Cost
Due in one year or less	$ 9,583
Due after one year through five years	31,619
Due after five years through ten years	14,762
Due after ten years	9,352
Securities with contractual maturities	65,316
Total debt securities	124,046	$ 122,678
Estimated Fair Value
Due in one year or less	9,588
Due after one year through five years	32,158
Due after five years through ten years	15,314
Due after ten years	9,741
Securities with contractual maturities	66,801
Total debt securities	125,704	120,440
Asset-backed securities
Amortized Cost
Total debt securities	20,167	24,468
Estimated Fair Value
Total debt securities	20,194	24,284
Mortgage-backed securities
Amortized Cost
Total debt securities	30,206	30,377
Estimated Fair Value
Total debt securities	30,132	29,240
Commercial mortgage-backed securities
Amortized Cost
Total debt securities	4,271	4,025
Estimated Fair Value
Total debt securities	4,464	3,953
Collateralized mortgage obligations
Amortized Cost
Total debt securities	4,086	2,178
Estimated Fair Value
Total debt securities	$ 4,113	$ 2,144

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets:
Total debt securities	$ 125,704	$ 120,440
Equity securities	6,414	6,587
Short-term investments	3,508	8,925
Total marketable investments measured at fair value	135,626	135,952
Investments measured at NAV	586	4,150
Total assets measured at fair value	136,212	140,102
Liabilities:
Total Liabilities measured at fair value	34,409	31,892
U.S. Government
Assets:
Total debt securities	13,979	15,185
State and local government
Assets:
Total debt securities	14,673	15,788
Corporate debt
Assets:
Total debt securities	38,149	29,846
Asset-backed securities
Assets:
Total debt securities	20,194	24,284
Mortgage-backed securities
Assets:
Total debt securities	30,132	29,240
Commercial mortgage-backed securities
Assets:
Total debt securities	4,464	3,953
Collateralized mortgage obligations
Assets:
Total debt securities	4,113	2,144
Senior Unsecured Notes
Liabilities:
Debt	23,276	21,252
Subordinated notes
Liabilities:
Debt	11,133	10,640
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Total debt securities	0	0
Equity securities	6,150	6,323
Short-term investments	3,508	8,925
Total marketable investments measured at fair value	9,658	15,248
Liabilities:
Total Liabilities measured at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Government
Assets:
Total debt securities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | State and local government
Assets:
Total debt securities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate debt
Assets:
Total debt securities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Asset-backed securities
Assets:
Total debt securities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities
Assets:
Total debt securities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial mortgage-backed securities
Assets:
Total debt securities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateralized mortgage obligations
Assets:
Total debt securities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Senior Unsecured Notes
Liabilities:
Debt	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Subordinated notes
Liabilities:
Debt	0	0
Significant Other Observable Inputs (Level 2)
Assets:
Total debt securities	125,704	120,440
Equity securities	264	264
Short-term investments	0	0
Total marketable investments measured at fair value	125,968	120,704
Liabilities:
Total Liabilities measured at fair value	23,276	21,252
Significant Other Observable Inputs (Level 2) | U.S. Government
Assets:
Total debt securities	13,979	15,185
Significant Other Observable Inputs (Level 2) | State and local government
Assets:
Total debt securities	14,673	15,788
Significant Other Observable Inputs (Level 2) | Corporate debt
Assets:
Total debt securities	38,149	29,846
Significant Other Observable Inputs (Level 2) | Asset-backed securities
Assets:
Total debt securities	20,194	24,284
Significant Other Observable Inputs (Level 2) | Mortgage-backed securities
Assets:
Total debt securities	30,132	29,240
Significant Other Observable Inputs (Level 2) | Commercial mortgage-backed securities
Assets:
Total debt securities	4,464	3,953
Significant Other Observable Inputs (Level 2) | Collateralized mortgage obligations
Assets:
Total debt securities	4,113	2,144
Significant Other Observable Inputs (Level 2) | Senior Unsecured Notes
Liabilities:
Debt	23,276	21,252
Significant Unobservable Inputs (Level 3)
Assets:
Total debt securities		0
Equity securities	0	0
Short-term investments	0	0
Total marketable investments measured at fair value		0
Liabilities:
Total Liabilities measured at fair value	11,133	10,640
Significant Unobservable Inputs (Level 3) | U.S. Government
Assets:
Total debt securities	0	0
Significant Unobservable Inputs (Level 3) | State and local government
Assets:
Total debt securities	0	0
Significant Unobservable Inputs (Level 3) | Corporate debt
Assets:
Total debt securities	0	0
Significant Unobservable Inputs (Level 3) | Asset-backed securities
Assets:
Total debt securities		0
Significant Unobservable Inputs (Level 3) | Mortgage-backed securities
Assets:
Total debt securities		0
Significant Unobservable Inputs (Level 3) | Commercial mortgage-backed securities
Assets:
Total debt securities		0
Significant Unobservable Inputs (Level 3) | Collateralized mortgage obligations
Assets:
Total debt securities		0
Significant Unobservable Inputs (Level 3) | Senior Unsecured Notes
Liabilities:
Debt	0	0
Significant Unobservable Inputs (Level 3) | Subordinated notes
Liabilities:
Debt	11,133	10,640
Partnership interest
Assets:
Investments measured at NAV	$ 586	$ 4,150

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	Sep. 30, 2019
Level 1
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment portfolio percentage	7.10%
Level 2
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment portfolio percentage	92.50%

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs - Activity in Deferred Policy Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance at beginning of period	$ 12,302	$ 12,021	$ 12,011	$ 12,781
Deferred policy acquisition costs	6,730	6,274	18,820	18,499
Amortization of policy acquisition costs	(6,153)	(6,452)	(17,952)	(19,437)
Net change	577	(178)	868	(938)
Balance at end of period	$ 12,879	$ 11,843	$ 12,879	$ 11,843

Unpaid Losses and Loss Adjust_3

Unpaid Losses and Loss Adjustment Expenses - Changes in the Liability for Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Gross reserves - beginning of period	$ 97,981	$ 83,662	$ 92,807	$ 87,896
Less: reinsurance recoverables on unpaid losses	21,396	20,467	29,685	20,066
Plus: deferred gain on ADC	0	(4,933)	0	(4,933)	$ (481)	$ (5,677)	$ (2,412)	$ 0
Net reserves - beginning of period	77,066	65,607	68,799	67,830
Add: incurred losses and LAE, net of reinsurance:
Current period	12,154	13,153	36,619	40,079
Prior period	2,703	3,401	7,076	4,871
Total net incurred losses and LAE	14,857	16,554	43,695	44,950
Deduct: loss and LAE payments, net of reinsurance:
Current period	4,933	5,423	8,675	11,448
Prior period	6,515	7,877	23,344	32,471
Total net loss and LAE payments	11,448	13,300	32,019	43,919
Net reserves - end of period	80,475	68,861	80,475	68,861
Plus: reinsurance recoverables on unpaid losses	16,862	27,118	16,862	27,118
Gross reserves - end of period	$ 97,337	$ 91,046	$ 97,337	$ 91,046

Unpaid Losses and Loss Adjust_4

Unpaid Losses and Loss Adjustment Expenses - Narrative (Details) - USD ($)	Sep. 28, 2017	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Liability for Claims and Claims Adjustment Expense [Line Items]
Unpaid losses and loss adjustment expenses		$ 97,337,000	$ 91,046,000	$ 97,337,000	$ 91,046,000	$ 97,981,000	$ 92,807,000	$ 83,662,000	$ 87,896,000
Prior-year adverse (favorable) reserve development		2,703,000	3,401,000	7,076,000	4,871,000
Commercial Lines
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior-year adverse (favorable) reserve development, before ADC deferred gain			4,200,000		5,300,000
Personal Lines
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior-year adverse (favorable) reserve development, before ADC deferred gain			612,000		1,900,000
Adverse development cover reinsurance agreement (ADC)
Liability for Claims and Claims Adjustment Expense [Line Items]
ADC loss development cover, maximum amount	$ 17,500,000
Reinsurance retention policy, co-participation (percentage)	10.00%
Prior-year adverse (favorable) reserve development			1,500,000		2,400,000
Amortization of deferred gain on ADC		$ 481,000		$ 5,700,000
Hurricane
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior-year adverse (favorable) reserve development			$ 83,000		$ 471,000
Minimum | Adverse development cover reinsurance agreement (ADC)
Liability for Claims and Claims Adjustment Expense [Line Items]
Reinsurance retention policy carried reserves threshold	$ 1,400,000
Unpaid losses and loss adjustment expenses										$ 36,600,000
Maximum | Adverse development cover reinsurance agreement (ADC)
Liability for Claims and Claims Adjustment Expense [Line Items]
Reinsurance retention policy carried reserves threshold	19,500,000
Unpaid losses and loss adjustment expenses	$ 57,500,000

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Effects of Reinsurance [Line Items]
Reinsurance reinstatement costs	$ 90,000	$ 433,000
Property Risk | Maximum
Effects of Reinsurance [Line Items]
Amount retained (excess of)		300,000	$ 300,000
Liability Risk | Maximum
Effects of Reinsurance [Line Items]
Amount retained (excess of)		$ 400,000	$ 500,000

Reinsurance - Effects of Reinsu

Reinsurance - Effects of Reinsurance and Assumption Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Written premiums:
Direct	$ 16,973	$ 16,814	$ 50,390	$ 53,237
Assumed	10,104	9,815	26,072	23,691
Ceded	(3,271)	(3,783)	(10,900)	(11,642)
Net written premiums	23,806	22,846	65,562	65,286
Earned premiums:
Direct	17,606	19,955	52,864	61,739
Assumed	8,356	7,363	23,730	21,160
Ceded	(3,187)	(3,868)	(10,783)	(11,711)
Net earned premiums	22,775	23,450	65,811	71,188
Losses and LAE:
Direct	13,232	19,324	47,464	46,714
Assumed	5,667	5,027	15,922	11,996
Ceded	(4,042)	(7,797)	(19,691)	(13,760)
Total net incurred losses and LAE	$ 14,857	$ 16,554	$ 43,695	$ 44,950

Debt - Narrative (Details)

Debt - Narrative (Details)	Oct. 12, 2018USD ($)	Sep. 24, 2018USD ($)	Jun. 21, 2018USD ($)	Sep. 29, 2017USD ($)	Sep. 30, 2019USD ($)debt_instrument	Sep. 30, 2018USD ($)	Jun. 21, 2019USD ($)	Dec. 31, 2018USD ($)
Debt Instrument [Line Items]
Number of debt instruments | debt_instrument					3
Loan origination fee					$ 0	$ 1,326,000
Debt					33,743,000			$ 33,502,000
Senior Unsecured Notes
Debt Instrument [Line Items]
Debt					24,220,000			24,018,000
Senior Unsecured Notes | Senior Unsecured Notes
Debt Instrument [Line Items]
Face amount of debt	$ 25,300,000				25,300,000
Debt issued	3,300,000	$ 22,000,000
Interest rate		6.75%
Debt issuance costs					1,100,000
Subordinated notes
Debt Instrument [Line Items]
Debt					9,523,000			9,484,000
Subordinated notes | Subordinated notes
Debt Instrument [Line Items]
Face amount of debt		$ 10,500,000		$ 30,000,000	10,500,000
Debt repaid	$ 19,500,000
Call premium percentage		12.50%
Loan origination fee		$ 105,000
Debt term		20 years
Debt issuance costs					1,000,000
Derivative, basis spread on fixed rate				8.00%
Subordinated notes | Swap rate | Subordinated notes
Debt Instrument [Line Items]
Debt term				5 years
Line of credit
Debt Instrument [Line Items]
Borrowing capacity			$ 10,000,000		10,000,000		$ 10,000,000
Debt					$ 0			$ 0
Line of credit | LIBOR
Debt Instrument [Line Items]
Variable interest rate			2.75%
Debt Instrument, Redemption, Period One | Subordinated notes | Subordinated notes
Debt Instrument [Line Items]
Interest rate		7.50%
Call premium		$ 1,100,000
Debt Instrument, Redemption, Period Two | Subordinated notes | Subordinated notes
Debt Instrument [Line Items]
Interest rate		12.50%
Call premium		$ 1,750,000
Debt Instrument, Redemption, Period Three | Subordinated notes | Subordinated notes
Debt Instrument [Line Items]
Call premium		$ 3,050,000
Period One | Subordinated notes | Swap rate | Subordinated notes
Debt Instrument [Line Items]
Derivative, basis spread on fixed rate				1250.00%
Period Two | Subordinated notes | Swap rate | Subordinated notes
Debt Instrument [Line Items]
Derivative, basis spread on variable rate				1500.00%

Debt - Outstanding Senior Debt

Debt - Outstanding Senior Debt (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Debt	$ 33,743,000	$ 33,502,000
Senior Unsecured Notes
Debt Instrument [Line Items]
Debt	24,220,000	24,018,000
Subordinated notes
Debt Instrument [Line Items]
Debt	9,523,000	9,484,000
Line of credit
Debt Instrument [Line Items]
Debt	$ 0	$ 0

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2019USD ($)shares	Sep. 30, 2019USD ($)voteshares	Dec. 31, 2018USD ($)shares	Dec. 05, 2018shares
Equity, Class of Treasury Stock [Line Items]
Common stock, shares issued (in shares)		9,588,873	9,588,873	8,478,202
Common stock, shares outstanding (in shares)		9,588,873	9,588,873	8,478,202
Number of votes per share | vote			1
Common stocks
Equity, Class of Treasury Stock [Line Items]
Common stock, shares issued (in shares)		9,588,873	9,588,873	8,478,202
Common stock, shares outstanding (in shares)		9,588,873	9,588,873	8,478,202
Stock Repurchase Program, December 2018
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized for repurchase (in shares)					1,000,000
Shares repurchased (in shares)		11,393	154,208	129,175
Shares repurchased | $		$ 41	$ 638	$ 584
Private placement | Common stocks
Equity, Class of Treasury Stock [Line Items]
Common equity issued | $	$ 5,000
Common equity issued (in shares)	1,176,471
Offering price per share (in dollars per share) | $ / shares	$ 4.25
Restricted Stock Units (RSUs)
Equity, Class of Treasury Stock [Line Items]
Shares repurchased (in shares)		6,359	8,667	8,053
Shares repurchased | $		$ 25	$ 36	$ 52

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jul. 01, 2019	Jan. 01, 2019	Jul. 01, 2018	Jan. 01, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 46,509	$ 50,168	$ 42,163	$ 52,826
Other comprehensive income (loss) before reclassifications	(6)	(352)	2,917	(2,574)
Less: amounts reclassified from accumulated other comprehensive income (loss)	(41)	(18)	(151)	(22)
Other comprehensive income (loss)	35	(334)	3,068	(2,552)
Balance at end of period	45,482	46,539	45,482	46,539
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	421	(3,060)	(2,612)	(363)
Balance after cumulative effects					$ 421	$ (2,612)	$ (3,060)	$ (842)
Other comprehensive income (loss)	35	(334)	3,068	(2,552)
Balance at end of period	$ 456	$ (3,394)	$ 456	$ (3,394)
Accounting Standards Update 2016-01
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of adoption of ASU, net of taxes								0
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, net of taxes					0	0	0	(556)
Accounting Standards Update 2018-02
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of adoption of ASU, net of taxes								0
Accounting Standards Update 2018-02 | Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cumulative effect of adoption of ASU, net of taxes					$ 0	$ 0	$ 0	$ 77

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Net income (loss)	$ (1,230)	$ (3,551)	$ (4,794)	$ (4,451)
Weighted average common shares outstanding, basic and diluted (in shares)	9,543,535	8,553,613	8,640,409	8,531,545
Earnings (loss) per common share, basic and diluted (in dollars per share)	$ (0.13)	$ (0.42)	$ (0.55)	$ (0.52)

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - 2015 Omnibus Incentive Plan - Restricted Stock Units (RSUs) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in period (in shares)		70,000	70,000	111,281	390,352
Shares granted in period			$ 404	$ 909	$ 4,100
Share-based compensation expense	$ 719	$ 716
Share-based compensation expense not yet recognized	$ 1,500

Stock-based Compensation - RSU

Stock-based Compensation - RSU Activity (Details) - 2015 Omnibus Incentive Plan - Restricted Stock Units (RSUs) - $ / shares	3 Months Ended	9 Months Ended		12 Months Ended
	Dec. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2016	Dec. 31, 2015
Number of Units
Beginning period, outstanding (in shares)	273,000	264,000	307,000	307,000
Units granted (in shares)			70,000	70,000	111,281	390,352
Units vested (in shares)	(6,000)	(95,000)	(89,000)
Units forfeited (in shares)	(3,000)	(15,000)	(15,000)
Ending period, outstanding (in shares)	264,000	154,000	273,000	264,000
Weighted Average Grant-Date Fair Value
Beginning period, outstanding (in dollars per share)	$ 8.79	$ 8.91	$ 9.84	$ 9.84
Units granted (in dollars per share)			5.76
Units vested (in dollars per share)	7.17	9.67	10.02
Units forfeited (in dollars per share)	9.71	8.23	8.81
Ending period, outstanding (in dollars per share)	$ 8.91	$ 8.51	$ 8.79	$ 8.91

Segment Information - Narrative

Segment Information - Narrative (Details) - business	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Number of businesses	3
Gross Written Premiums | Geographic Concentration Risk | Florida, Michigan, Pennsylvania and Texas
Segment Reporting Information [Line Items]
Concentration risk	49.00%	54.00%

Segment Information - Informati

Segment Information - Information by Reportable Operating Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Gross written premiums	$ 27,077	$ 26,629	$ 76,462	$ 76,928
Net written premiums	23,806	22,846	65,562	65,286
Net earned premiums	22,775	23,450	65,811	71,188
Other income	564	405	1,567	1,212
Total revenue	23,339	23,855	67,378	72,400
Losses and loss adjustment expenses, net	14,857	16,554	43,695	44,950
Policy acquisition costs	6,153	6,452	17,952	19,437
Operating expenses	4,297	4,786	12,960	13,276
Total expenses	25,307	27,792	74,607	77,663
Underwriting gain (loss)	(1,968)	(3,937)	(7,229)	(5,263)
Net investment income	1,210	786	3,171	2,425
Net realized investment gains	390	(21)	1,124	152
Change in fair value of equity securities	(1,065)	151	(715)	(116)
Interest expense	(720)	(598)	(2,155)	(1,834)
Income (loss) before equity earnings in Affiliate and income taxes	(2,153)	(3,619)	(5,804)	(4,636)
Operating Segments | Commercial Lines
Segment Reporting Information [Line Items]
Gross written premiums	25,018	24,806	71,061	71,602
Net written premiums	22,095	22,160	61,579	63,866
Net earned premiums	21,439	21,270	62,291	62,270
Other income	70	19	144	76
Total revenue	21,509	21,289	62,435	62,346
Losses and loss adjustment expenses, net	13,517	14,445	38,611	36,979
Policy acquisition costs	6,114	6,088	17,335	17,722
Operating expenses	3,239	3,871	9,614	10,906
Total expenses	22,870	24,404	65,560	65,607
Underwriting gain (loss)	(1,361)	(3,115)	(3,125)	(3,261)
Operating Segments | Personal Lines
Segment Reporting Information [Line Items]
Gross written premiums	2,059	1,823	5,401	5,326
Net written premiums	1,711	686	3,983	1,420
Net earned premiums	1,336	2,180	3,520	8,918
Other income	33	49	108	181
Total revenue	1,369	2,229	3,628	9,099
Losses and loss adjustment expenses, net	1,340	2,109	5,084	7,971
Policy acquisition costs	447	961	1,202	3,260
Operating expenses	327	325	867	779
Total expenses	2,114	3,395	7,153	12,010
Underwriting gain (loss)	(745)	(1,166)	(3,525)	(2,911)
Operating Segments | Total Underwriting
Segment Reporting Information [Line Items]
Gross written premiums	27,077	26,629	76,462	76,928
Net written premiums	23,806	22,846	65,562	65,286
Net earned premiums	22,775	23,450	65,811	71,188
Other income	103	68	252	257
Total revenue	22,878	23,518	66,063	71,445
Losses and loss adjustment expenses, net	14,857	16,554	43,695	44,950
Policy acquisition costs	6,561	7,049	18,537	20,982
Operating expenses	3,566	4,196	10,481	11,685
Total expenses	24,984	27,799	72,713	77,617
Underwriting gain (loss)	(2,106)	(4,281)	(6,650)	(6,172)
Income (loss) before equity earnings in Affiliate and income taxes	(2,106)	(4,281)	(6,650)	(6,172)
Operating Segments | Wholesale Agency
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	2,619	2,708	7,099	7,018
Total revenue	2,619	2,708	7,099	7,018
Losses and loss adjustment expenses, net	0	0	0	0
Policy acquisition costs	1,825	1,808	4,787	4,617
Operating expenses	434	389	1,572	1,340
Total expenses	2,259	2,197	6,359	5,957
Underwriting gain (loss)	360	511	740	1,061
Income (loss) before equity earnings in Affiliate and income taxes	360	511	740	1,061
Corporate
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	47	34	179	99
Total revenue	47	34	179	99
Losses and loss adjustment expenses, net	0	0	0	0
Policy acquisition costs	0	0	0
Operating expenses	297	201	907	251
Total expenses	297	201	907	251
Underwriting gain (loss)	(250)	(167)	(728)	(152)
Net investment income	1,210	786	3,171	2,425
Net realized investment gains	390	(21)	1,124	152
Change in fair value of equity securities	(1,065)	151	(715)	(116)
Interest expense	(720)	(598)	(2,155)	(1,834)
Income (loss) before equity earnings in Affiliate and income taxes	(435)	151	697	475
Eliminations
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	(2,205)	(2,405)	(5,963)	(6,162)
Total revenue	(2,205)	(2,405)	(5,963)	(6,162)
Losses and loss adjustment expenses, net	0	0	0	0
Policy acquisition costs	(2,233)	(2,405)	(5,372)	(6,162)
Operating expenses	0		0
Total expenses	(2,233)	(2,405)	(5,372)	(6,162)
Underwriting gain (loss)	28	0	(591)	0
Net investment income	0	0		0
Net realized investment gains	0	0		0
Change in fair value of equity securities	0	0		0
Interest expense	0	0		0
Income (loss) before equity earnings in Affiliate and income taxes	$ 28	$ 0	$ (591)	$ 0

Uncategorized Items - cnfr-2019

Label	Element	Value
Common Stock [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures	82,375
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	$ 716,000
Accounting Standards Update 2018-02 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(77,000)
Accounting Standards Update 2016-01 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 556,000