Conifer (CNFR) 10-Q 13 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 11, 2020
Cover [Abstract]
Entity Registrant Name	Conifer Holdings, Inc.
Entity Central Index Key	0001502292
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
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		9,598,155
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	CNFR
Security Exchange Name	NASDAQ
Entity File Number	001-37536
Entity Incorporation, State or Country Code	MI
Entity Tax Identification Number	27-1298795
Entity Address, Address Line One	550 West Merrill Street
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Birmingham
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48009
City Area Code	248
Local Phone Number	559-0840
Entity Interactive Data Current	Yes
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Investment securities:
Debt securities, at fair value (amortized cost of $135,281 and $129,313, respectively)	$ 135,269	$ 131,000
Equity securities, at fair value (cost of $14,125 and $6,554, respectively)	11,790	7,306
Short-term investments, at fair value	27,178	31,426
Total investments	174,237	169,732
Cash and cash equivalents	8,100	7,464
Premiums and agents' balances receivable, net	18,804	20,168
Receivable from Affiliate		313
Reinsurance recoverables on unpaid losses	22,022	22,579
Reinsurance recoverables on paid losses	3,746	5,155
Prepaid reinsurance premiums	997	1,250
Deferred policy acquisition costs	11,508	11,906
Other assets	9,598	8,698
Total assets	249,012	247,265
Liabilities:
Unpaid losses and loss adjustment expenses	109,657	107,246
Unearned premiums	50,534	51,503
Reinsurance premiums payable	833
Debt	36,669	35,824
Accounts payable and accrued expenses	14,781	9,967
Total liabilities	212,474	204,540
Commitments and contingencies	0	0
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 9,592,161 and 9,592,861 issued and outstanding, respectively)	92,053	91,816
Accumulated deficit	(54,305)	(49,580)
Accumulated other comprehensive income (loss)	(1,210)	489
Total shareholders' equity	36,538	42,725
Total liabilities and shareholders' equity	$ 249,012	$ 247,265

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Debt securities, amortized cost	$ 135,281	$ 129,313
Equity securities, amortized cost	$ 14,125	$ 6,554
Common stock, no par value (in dollars per share)
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	9,592,161	9,592,861
Common stock, shares outstanding (in shares)	9,592,161	9,592,861

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue
Gross earned premiums	$ 26,053	$ 25,550
Ceded earned premiums	(4,036)	(3,863)
Net earned premiums	22,017	21,687
Net investment income	954	910
Net realized investment gains	928	19
Change in fair value of equity securities	(3,086)	1,265
Other gains	115
Other income	658	422
Total revenue	21,586	24,303
Expenses
Losses and loss adjustment expenses, net	14,269	14,456
Policy acquisition costs	6,303	5,589
Operating expenses	5,045	4,323
Interest expense	731	710
Total expenses	26,348	25,078
Income (loss) before equity earnings in Affiliate and income taxes	(4,762)	(775)
Equity earnings in Affiliate, net of tax	50	106
Income tax expense	13	11
Net income (loss)	$ (4,725)	$ (680)
Earnings (loss) per common share, basic and diluted	$ (0.49)	$ (0.08)
Weighted average common shares outstanding, basic and diluted	9,592,774	8,453,570

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ (4,725)	$ (680)
Unrealized investment gains (losses):
Unrealized investment gains (losses) during the period	(1,315)	1,557
Income tax (benefit) expense	0	0
Unrealized investment gains (losses), net of tax	(1,315)	1,557
Less: reclassification adjustments to:
Net realized investment gains (losses) included in net income (loss)	384	(140)
Income tax (benefit) expense	0	0
Total reclassifications included in net income (loss), net of tax	384	(140)
Other comprehensive income (loss)	(1,699)	1,697
Total comprehensive income (loss)	$ (6,424)	$ 1,017

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	No Par, Common Stock	Retained Earnings (Accumulated)	Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period at Dec. 31, 2018	$ 42,163	$ 86,533	$ (41,758)	$ (2,612)
Balance at beginning of period (in shares) at Dec. 31, 2018		8,478,202
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(680)		(680)
Repurchase of common stock	(510)	$ (510)
Repurchase of common stock (in shares)		(125,151)
Restricted stock unit expense	245	$ 245
Other comprehensive income	1,697			1,697
Balance at end of period at Mar. 31, 2019	42,915	$ 86,268	(42,438)	(915)
Balance at ending of period (in shares) at Mar. 31, 2019		8,353,051
Balance at beginning of period at Dec. 31, 2019	42,725	$ 91,816	(49,580)	489
Balance at beginning of period (in shares) at Dec. 31, 2019		9,592,861
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(4,725)		(4,725)
Repurchase of common stock	(2)	$ (2)
Repurchase of common stock (in shares)		(700)
Restricted stock unit expense	239	$ 239
Other comprehensive income	(1,699)			(1,699)
Balance at end of period at Mar. 31, 2020	$ 36,538	$ 92,053	$ (54,305)	$ (1,210)
Balance at ending of period (in shares) at Mar. 31, 2020		9,592,161

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash Flows From Operating Activities
Net income (loss)	$ (4,725)	$ (680)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	42	39
Amortization of bond premium and discount, net	127	81
Net realized investment (gains) losses	(928)	101
Change in fair value of equity securities	3,086	(1,265)
Restricted stock unit expenses	239	245
Other	(50)	(125)
(Increase) decrease in:
Premiums and agents' balances and other receivables	1,676	3,866
Reinsurance recoverables	1,966	627
Prepaid reinsurance premiums	253	(1,830)
Deferred policy acquisition costs	398	(142)
Other assets	(756)	(4,145)
Increase (decrease) in:
Unpaid losses and loss adjustment expenses	2,411	1,159
Unearned premiums	(969)	(1,333)
Reinsurance premiums payable	833	0
Accounts payable and other liabilities	412	1,202
Net cash provided by (used in) operating activities	4,015	(2,200)
Cash Flows From Investing Activities
Purchase of investments	(105,045)	(24,797)
Proceeds from maturities and redemptions of investments	6,216	2,929
Proceeds from sales of investments	94,742	23,220
Purchases of property and equipment	(46)	(23)
Net cash provided by (used in) investing activities	(4,133)	1,329
Cash Flows From Financing Activities
Repurchase of common stock	(2)	(510)
Repurchase of senior unsecured notes	(244)	0
Borrowings under debt arrangements	1,000	1,000
Net cash provided by financing activities	754	490
Net increase (decrease) in cash	636	(381)
Cash at beginning of period	7,464	10,792
Cash at end of period	8,100	10,411
Supplemental Disclosure of Cash Flow Information:
Interest paid	643	626
Increase (decrease) in net payable for securities	$ 4,404	$ 3,026

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Basis of Presentation and Management Representation The consolidated financial statements include accounts, after elimination of intercompany accounts and transactions, of Conifer Holdings, Inc. (the “Company” or “Conifer”), its wholly owned subsidiaries, Conifer Insurance Company ("CIC"), 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”), which differ from statutory accounting practices prescribed or permitted for insurance companies by regulatory authorities. 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. 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, 2019, as filed with the SEC. The results of operations for the three months ended March 31, 2020, are not necessarily indicative of the results expected for the year ended December 31, 2020. Results for interim periods are not necessarily indicative of the results that may be expected for a full year, especially when considering the risks and uncertainties associated with the novel coronavirus ("COVID-19") and the impact it may have on our business, results of operations and financial condition. The COVID-19 pandemic has negatively impacted the U.S. and global economies, lowered equity market valuations, created significant volatility and disruption in the capital markets, dramatically increased unemployment levels and has fueled concerns that it will lead to a global recession. Depending on the duration and severity of the pandemic, we foresee the potential for adverse impacts related to, among other things: (i) sales results; (ii) insurance product margin; (iii) net investment income; (iv) invested assets; (v) regulatory capital; (vi) liabilities for insurance products; (vii) access to capital markets; and (viii) the present value of future profits. The full extent to which COVID-19 will impact our business, results of operations and financial condition remains uncertain. Business The Company is engaged in the sale of property and casualty insurance products and has organized its principal operations into three types of insurance businesses: commercial lines, personal lines, and agency business. The Company underwrites a variety of specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. The Company markets and sells its insurance products through a network of independent agents, including managing general agents, whereby policies are written in all 50 states in the United States (“U.S.”). The Company’s corporate headquarters are located in Birmingham, Michigan with additional office facilities in Florida and Pennsylvania. 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. Recently Issued Accounting Guidance In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326)

Investments

Investments	3 Months Ended
	Mar. 31, 2020
Investments Debt And Equity Securities [Abstract]
Investments	2. 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 March 31, 2020 and December 31, 2019, were as follows (dollars in thousands): March 31, 2020 Cost or Gross Unrealized Estimated Amortized Cost Gains Losses Fair Value Debt Securities: U.S. Government $ 9,979 $ 308 $ — $ 10,287 State and local government 17,065 408 (95 ) 17,378 Corporate debt 43,094 612 (789 ) 42,917 Asset-backed securities 25,772 26 (936 ) 24,862 Mortgage-backed securities 23,129 573 (1 ) 23,701 Commercial mortgage-backed securities 9,959 104 (72 ) 9,991 Collateralized mortgage obligations 6,283 40 (190 ) 6,133 Total debt securities available for sale $ 135,281 $ 2,071 $ (2,083 ) $ 135,269 December 31, 2019 Cost or Gross Unrealized Estimated Amortized Cost Gains Losses Fair Value Debt Securities: U.S. Government $ 9,392 $ 66 $ (6 ) $ 9,452 State and local government 14,388 545 — 14,933 Corporate debt 39,550 865 (21 ) 40,394 Asset-backed securities 19,549 81 (55 ) 19,575 Mortgage-backed securities 31,389 238 (112 ) 31,515 Commercial mortgage-backed securities 9,972 116 (45 ) 10,043 Collateralized mortgage obligations 5,073 29 (14 ) 5,088 Total debt securities available for sale $ 129,313 $ 1,940 $ (253 ) $ 131,000 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): March 31, 2020 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: State and local government 17 3,426 (95 ) — — — 17 3,426 (95 ) Corporate debt 36 15,920 (789 ) — — — 36 15,920 (789 ) Asset-backed securities 14 14,969 (535 ) 13 7,258 (401 ) 27 22,227 (936 ) Mortgage-backed securities 1 995 (1 ) — — — 1 995 (1 ) Commercial mortgage-backed securities 7 4,500 (72 ) — — — 7 4,500 (72 ) Collateralized mortgage obligations 17 3,828 (190 ) — — — 17 3,828 (190 ) Total debt securities available for sale 92 43,638 (1,682 ) 13 7,258 (401 ) 105 50,896 (2,083 ) December 31, 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 — $ — $ — 4 $ 1,047 $ (6 ) 4 $ 1,047 $ (6 ) State and local government — — — — — — — — — Corporate debt 7 3,720 (17 ) 3 1,697 (4 ) 10 5,417 (21 ) Asset-backed securities 3 2,596 (1 ) 18 11,836 (54 ) 21 14,432 (55 ) Mortgage-backed securities 3 715 (1 ) 13 7,812 (111 ) 16 8,527 (112 ) Commercial mortgage-backed securities 6 6,837 (45 ) — — — 6 6,837 (45 ) Collateralized mortgage obligations 8 2,081 (14 ) — — — 8 2,081 (14 ) Total debt securities available for sale 27 $ 15,949 $ (78 ) 38 $ 22,392 $ (175 ) 65 $ 38,341 $ (253 ) 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 months ended March 31, 2020 and 2019. The Company’s sources of net investment income are as follows (dollars in thousands): Three Months Ended March 31, 2020 2019 Debt securities $ 867 $ 857 Equity securities 55 40 Cash, cash equivalents and short-term investments 119 70 Total investment income 1,041 967 Investment expenses (87 ) (57 ) Net investment income $ 954 $ 910 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 March 31, 2020 2019 Debt securities: Gross realized gains $ 720 $ 20 Gross realized losses (4 ) (50 ) Total debt securities 716 (30 ) Equity securities: Gross realized gains 344 49 Gross realized losses (132 ) — Total equity securities 212 49 Total net realized investment gains (losses) $ 928 $ 19 Proceeds from the sales of available-for-sale debt securities were $23.2 million and $4.1 million for the three months ended March 31, 2020 and 2019, respectively. The gross realized gains and losses from the sales of available-for-sale debt securities as of March 31, 2020 were $719,000 and $0, respectively. The gross realized gains and losses from the sales of available-for-sale debt securities as of March 31, 2019 were $69,000 and $51,000, 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 2020 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 March 31, 2020. Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties (dollars in thousands): Amortized Cost Estimated Fair Value Due in one year or less $ 7,652 $ 7,684 Due after one year through five years 40,950 41,392 Due after five years through ten years 15,716 15,619 Due after ten years 5,820 5,887 Securities with contractual maturities 70,138 70,582 Asset-backed securities 25,772 24,862 Mortgage-backed securities 23,129 23,701 Commercial mortgage-backed securities 9,959 9,991 Collateralized mortgage obligations 6,283 6,133 Total debt securities $ 135,281 $ 135,269 At March 31, 2020 and December 31, 2019, the Insurance Company Subsidiaries had an aggregate of $8.8 million and $8.0 million, respectively, on deposit in trust accounts to meet the deposit requirements of various state insurance departments. At March 31, 2020 and December 31, 2019, the Company had $67.9 million and $58.4 million, respectively, held in trust accounts to meet collateral requirements with other third-party insurers, relating to various fronting arrangements. There are withdrawal and other restrictions on these deposits, including the type of investments that may be held, however, the Company may generally invest in high-grade bonds and short-term investments and earn interest on the funds.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	3. 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 March 31, 2020 and December 31, 2019 (dollars in thousands): March 31, 2020 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 $ 10,287 $ — $ 10,287 $ — State and local government 17,378 — 17,378 — Corporate debt 42,917 — 42,917 — Asset-backed securities 24,862 — 24,862 — Mortgage-backed securities 23,701 — 23,701 — Commercial mortgage-backed securities 9,991 — 9,991 — Collateralized mortgage obligations 6,133 — 6,133 — Total debt securities 135,269 — 135,269 — Equity Securities 11,091 10,827 264 — Short-term investments 27,178 27,178 — — Total marketable investments measured at fair value $ 173,538 $ 38,005 $ 135,533 $ — Investments measured at NAV: Investment in limited partnership 699 Total assets measured at fair value $ 174,237 Liabilities: Senior Unsecured Notes * $ 17,038 $ — $ 17,038 $ — Subordinated Notes * 11,450 — — 11,450 Total Liabilities measured at fair value $ 28,488 $ — $ 17,038 $ 11,450 * Carried at face value of debt net of unamortized debt issuance costs on the consolidated balance sheet December 31, 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 $ 9,452 $ — $ 9,452 $ — State and local government 14,933 — 14,933 — Corporate debt 40,394 — 40,394 — Asset-backed securities 19,575 — 19,575 — Mortgage-backed securities 31,515 — 31,515 — Commercial mortgage-backed securities 10,043 — 10,043 — Collateralized mortgage obligations 5,088 — 5,088 — Total debt securities 131,000 — 131,000 — Equity securities 6,599 6,335 264 — Short-term investments 31,426 31,426 — — Total marketable investments measured at fair value $ 169,025 $ 37,761 $ 131,264 $ — Investments measured at NAV: Investment in limited partnership 707 Total assets measured at fair value $ 169,732 Liabilities: Senior Unsecured Notes * $ 22,669 $ — $ 22,669 $ — Subordinated Notes * 11,222 — — 11,222 Total Liabilities measured at fair value $ 33,891 $ — $ 22,669 $ 11,222 * 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 21.8% of the fair value of the total investment portfolio as of March 31, 2020. 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 77.8% of the fair value of the total investment portfolio as of March 31, 2020. 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 March 31, 2020 and 2019, Level 3 is entirely comprised of the Company's subordinated debt. In determining the fair value of the subordinated debt outstanding at March 31, 2020, 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 March 31, 2020 and 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.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	3 Months Ended
	Mar. 31, 2020
Deferred Policy Acquisition Costs Disclosures [Abstract]
Deferred Policy Acquisition Costs	4. 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 March 31, 2020 and 2019. The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): Three Months Ended March 31, 2020 2019 Balance at beginning of period $ 11,906 $ 12,011 Deferred policy acquisition costs 5,905 5,731 Amortization of policy acquisition costs (6,303 ) (5,589 ) Net change (398 ) 142 Balance at end of period $ 11,508 $ 12,153

Unpaid Losses and Loss Adjustme

Unpaid Losses and Loss Adjustment Expenses	3 Months Ended
	Mar. 31, 2020
Insurance Loss Reserves [Abstract]
Unpaid Losses and Loss Adjustment Expenses	5. 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 March 31, 2020 2019 Gross reserves - beginning of period $ 107,246 $ 92,807 Less: reinsurance recoverables on unpaid losses (22,579 ) (29,685 ) Plus: deferred gain on ADC — 5,677 Net reserves - beginning of period 84,667 68,799 Add: incurred losses and LAE, net of reinsurance: Current period 10,520 12,472 Prior period 3,749 1,984 Total net incurred losses and LAE 14,269 14,456 Deduct: loss and LAE payments, net of reinsurance: Current period 874 1,050 Prior period 10,427 9,396 Total net loss and LAE payments 11,301 10,446 Net reserves - end of period 87,635 72,809 Plus: reinsurance recoverables on unpaid losses 22,022 24,551 Less: deferred gain on ADC — (3,394 ) Gross reserves - end of period $ 109,657 $ 93,966 In September 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 provided up to $17.5 million of reinsurance for adverse net loss reserve development for accident years 2005 through 2016. As of March 31, 2020, the Company has ceded to the limit of the ADC, and the deferred gain from the ADC was fully utilized. The Company’s incurred losses during the three months ended March 31, 2020, include prior-year adverse reserve development of $3.7 million related to the Company’s commercial lines of business. The Company’s incurred losses during the three months ended March 31, 2019, include prior-year adverse reserve development of $2.0 million. Of the $2.0 million of adverse development, $913,000 was related to commercial lines, and $1.1 million was related to personal lines. The reported reserve development is net of the amortization of the deferred gain on the ADC of $2.1 million and $137,000 for commercial and personal lines, respectively.

Reinsurance

Reinsurance	3 Months Ended
	Mar. 31, 2020
Reinsurance Disclosures [Abstract]
Reinsurance	6. In the normal course of business, the Company participates in reinsurance agreements in order to limit losses that may arise from catastrophes or other individually severe events. The Company primarily ceded all specific commercial property risks in excess of $400,000 in both 2020 and 2019 and primarily ceded all specific commercial liability risks in excess of $400,000 in 2020 and 2019. The Company ceded homeowners specific risks in excess of $300,000 in both 2020 and 2019. A "treaty" is a reinsurance agreement in which coverage is provided for a class of risks and does not require policy by policy underwriting of the reinsurer. "Facultative" reinsurance is where a reinsurer negotiates an individual reinsurance agreement for every policy it will reinsure on a policy by policy basis. A loss is covered under a reinsurance contract if the loss occurs within the effective dates of the agreement notwithstanding when the loss is reported. 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. 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 reinsurance and assumption transactions on written premiums, earned premiums and losses and LAE (dollars in thousands). The ceded written and earned premiums amounts include $63,000 and $250,000 of reinsurance reinstatement costs relating to Hurricane Irma for the three months ended March 31, 2020 and 2019, respectively. Three Months Ended March 31, 2020 2019 Written premiums: Direct $ 19,629 $ 18,464 Assumed 5,455 5,752 Ceded (4,033 ) (3,894 ) Net written premiums $ 21,051 $ 20,322 Earned premiums: Direct $ 17,458 $ 18,004 Assumed 8,595 7,546 Ceded (4,036 ) (3,863 ) Net earned premiums $ 22,017 $ 21,687 Losses and LAE: Direct $ 12,326 $ 16,799 Assumed 5,458 4,513 Ceded (3,515 ) (6,856 ) Net Losses and LAE $ 14,269 $ 14,456

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	7. The Company's debt is comprised of three instruments: $25.1 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): March 31, 2020 December 31, 2019 Senior unsecured notes $ 24,121 $ 24,288 Subordinated notes 9,548 9,536 Line of credit 3,000 2,000 Total $ 36,669 $ 35,824 In September and October of 2018, the Company issued $25.3 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. Proceeds from the Notes were primarily used to pay down $19.5 million of the Subordinated Notes. During the first quarter of 2020, the Company repurchased 9,761 units of the Notes in the public market with a face value of $244,000. The Notes were repurchased at a discount to face value, which resulted in a $115,000 gain on extinguishment. This gain is reflected in the Consolidated Statement of Operations as Other gains. Effective September 24, 2018, the Company amended the terms of the Subordinated Notes to reduce the principal 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 are 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. As of March 31, 2020, the carrying value of the Notes and Subordinated Notes are offset by $935,000 and $952,000 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 minimum tangible net worth, minimum fixed-charge coverage ratios, dividend paying capacity, reinsurance retentions, and risk-based capital ratios. At March 31, 2020, 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 March 31, 2020, the Company had $3.0 million outstanding on the line of credit, and was in compliance with all of its debt financial covenants. On September 29, 2017, the Company executed $30.0 million of Subordinated Notes. These Subordinated Notes were amended as described, above. 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	3 Months Ended
	Mar. 31, 2020
Stockholders Equity Note [Abstract]
Shareholders' Equity	8. 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 months ended March 31, 2020, the Company had repurchased 700 shares of stock valued at approximately $2,000 related to the stock repurchase program. For the year ended December 31, 2019, the Company had repurchased 154,208 shares of stock valued at approximately $638,000 related to the stock repurchase program. For the year ended December 31, 2019, the Company also repurchased 9,319 shares of stock valued at approximately $38,000 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 March 31, 2020 and December 31, 2019 the Company had 9,592,161 and 9,592,861 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)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	9. 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): For the Three Months Ended March 31, 2020 2019 Balance at beginning of period $ 489 $ (2,612 ) Other comprehensive income (loss) before reclassifications (1,315 ) 1,557 Less: amounts reclassified from accumulated other comprehensive income (loss) 384 (140 ) Net other comprehensive income (loss) (1,699 ) 1,697 Balance at end of period $ (1,210 ) $ (915 )

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	10. Earnings 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): For the Three Months Ended March 31, 2020 2019 Net income (loss) $ (4,725 ) $ (680 ) Weighted average common shares, basic and diluted* 9,592,774 8,453,570 Earnings (loss) per common share, basic and diluted $ (0.49 ) $ (0.08 ) * The nonvested shares of the restricted stock units were anti-dilutive as of March 31, 2020 and March 31, 2019. Therefore, the basic and diluted weighted average common shares are equal for the three and nine months ended March 31, 2020 and March 31, 2019.

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Mar. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-based Compensation	11. 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, 2018 264 $ 8.91 Units forfeited (1 ) 9.56 Outstanding at March 31, 2019 263 8.91 Units vested (102 ) 9.47 Units forfeited (5 ) 6.93 Outstanding at December 31, 2019 156 8.45 Outstanding at March 31, 2020 156 $ 8.45 The Company recorded $239,000 of compensation expense related to the RSUs for the three months ended March 31, 2020. The total compensation cost related to the non-vested portion of the restricted stock units which has not been recognized as of March 31, 2020, was $1.1 million.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Legal proceedings The Company and its subsidiaries are subject at times to various claims, lawsuits and proceedings relating principally to alleged errors or omissions in the placement of insurance, claims administration, and other business transactions arising in the ordinary course of business. Where appropriate, the Company vigorously defends such claims, lawsuits and proceedings. Some of these claims, lawsuits and proceedings seek damages, including consequential, exemplary or punitive damages, in amounts that could, if awarded, be significant. Most of the claims, lawsuits and proceedings arising in the ordinary course of business are covered by the insurance policy at issue. We account for such activity through the establishment of unpaid losses and LAE reserves. In accordance with accounting guidance, if it is probable that a liability has been incurred as of the date of the financial statements and the amount of loss is reasonably estimable; then an accrual for the costs to resolve these claims is recorded by the Company in the accompanying consolidated balance sheets. Periodic expenses related to the defense of such claims are included in the accompanying consolidated statements of operations. On the basis of current information, the Company does not believe that there is a reasonable possibility that any material loss exceeding amounts already accrued, if any, will result from any of the claims, lawsuits and proceedings to which the Company is subject to, either individually, or in the aggregate.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Information	13. 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. 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 Michigan, Florida, Texas and Pennsylvania. For the three months ended March 31, 2020 and 2019 gross written premiums attributable to these four states were 53% and 57%, 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 March 31, 2020 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 23,444 $ 1,640 $ 25,084 $ — $ — $ — $ 25,084 Net written premiums $ 19,687 $ 1,364 $ 21,051 $ — $ — $ — $ 21,051 Net earned premiums $ 20,431 $ 1,586 $ 22,017 $ — $ — $ — $ 22,017 Other income 74 36 110 1,934 31 (1,417 ) 658 Segment revenue 20,505 1,622 22,127 1,934 31 (1,417 ) 22,675 Losses and loss adjustment expenses, net 13,461 808 14,269 — — — 14,269 Policy acquisition costs 6,164 489 6,653 1,208 — (1,558 ) 6,303 Operating expenses 3,503 275 3,778 905 362 — 5,045 Segment expenses 23,128 1,572 24,700 2,113 362 (1,558 ) 25,617 Segment gain (loss) $ (2,623 ) $ 50 $ (2,573 ) $ (179 ) $ (331 ) $ 141 $ (2,942 ) Investment income 954 954 Net realized investment gains 928 928 Change in fair value of equity securities (3,086 ) (3,086 ) Other gains 115 115 Interest expense (731 ) (731 ) Income (loss) before income taxes $ (2,623 ) $ 50 $ (2,573 ) $ (179 ) $ (2,151 ) $ 141 $ (4,762 ) Three Months Ended March 31, 2019 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 22,584 $ 1,632 $ 24,216 $ — $ — $ — $ 24,216 Net written premiums $ 19,306 $ 1,016 $ 20,322 $ — $ — $ — $ 20,322 Net earned premiums $ 20,698 $ 989 $ 21,687 $ — $ — $ — $ 21,687 Other income 23 30 53 1,906 86 (1,623 ) 422 Segment revenue 20,721 1,019 21,740 1,906 86 (1,623 ) 22,109 Losses and loss adjustment expenses, net 12,545 1,911 14,456 — — — 14,456 Policy acquisition costs 5,414 409 5,823 1,389 — (1,623 ) 5,589 Operating expenses 2,963 264 3,227 603 493 — 4,323 Segment expenses 20,922 2,584 23,506 1,992 493 (1,623 ) 24,368 Segment gain (loss) $ (201 ) $ (1,565 ) $ (1,766 ) $ (86 ) $ (407 ) $ — $ (2,259 ) Investment income 910 910 Net realized investment gains 19 19 Change in fair value of equity securities 1,265 1,265 Other gains — — Interest expense (710 ) (710 ) Income (loss) before income taxes $ (201 ) $ (1,565 ) $ (1,766 ) $ (86 ) $ 1,077 $ — $ (775 )

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events On April 24, 2020, Conifer Holdings, Inc. (the “Company”) received a $2,744,667 loan from The Huntington National Bank (the “Lender”) pursuant to the Paycheck Protection Program of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) administered by the U.S. Small Business Administration (“SBA”). The loan matures on April 24, 2022 and bears interest at a rate of 1.0% per annum. Principal and interest payments are deferred until November 24, 2020, at which point the Company is required to pay the Lender equal monthly payments of principal and interest as necessary to fully amortize by April 24, 2022. The loan may be prepaid by the Company at any time prior to maturity with no prepayment penalties. The Company intends to use the entire loan amount for qualifying expenses as described in the CARES Act which may allow significant portions of the loan to be forgiven under the CARES Act. The Company amended its $10.0 million line of credit facility with the Lender to incorporate this loan as a reduction of the available line of credit.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation and Management Representation	Basis of Presentation and Management Representation The consolidated financial statements include accounts, after elimination of intercompany accounts and transactions, of Conifer Holdings, Inc. (the “Company” or “Conifer”), its wholly owned subsidiaries, Conifer Insurance Company ("CIC"), 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”), which differ from statutory accounting practices prescribed or permitted for insurance companies by regulatory authorities. 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. 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, 2019, as filed with the SEC. The results of operations for the three months ended March 31, 2020, are not necessarily indicative of the results expected for the year ended December 31, 2020. Results for interim periods are not necessarily indicative of the results that may be expected for a full year, especially when considering the risks and uncertainties associated with the novel coronavirus ("COVID-19") and the impact it may have on our business, results of operations and financial condition. The COVID-19 pandemic has negatively impacted the U.S. and global economies, lowered equity market valuations, created significant volatility and disruption in the capital markets, dramatically increased unemployment levels and has fueled concerns that it will lead to a global recession. Depending on the duration and severity of the pandemic, we foresee the potential for adverse impacts related to, among other things: (i) sales results; (ii) insurance product margin; (iii) net investment income; (iv) invested assets; (v) regulatory capital; (vi) liabilities for insurance products; (vii) access to capital markets; and (viii) the present value of future profits. The full extent to which COVID-19 will impact our business, results of operations and financial condition remains uncertain.
Business	Business The Company is engaged in the sale of property and casualty insurance products and has organized its principal operations into three types of insurance businesses: commercial lines, personal lines, and agency business. The Company underwrites a variety of specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. The Company markets and sells its insurance products through a network of independent agents, including managing general agents, whereby policies are written in all 50 states in the United States (“U.S.”). The Company’s corporate headquarters are located in Birmingham, Michigan with additional office facilities in Florida and Pennsylvania.
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.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326)

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019, were as follows (dollars in thousands): March 31, 2020 Cost or Gross Unrealized Estimated Amortized Cost Gains Losses Fair Value Debt Securities: U.S. Government $ 9,979 $ 308 $ — $ 10,287 State and local government 17,065 408 (95 ) 17,378 Corporate debt 43,094 612 (789 ) 42,917 Asset-backed securities 25,772 26 (936 ) 24,862 Mortgage-backed securities 23,129 573 (1 ) 23,701 Commercial mortgage-backed securities 9,959 104 (72 ) 9,991 Collateralized mortgage obligations 6,283 40 (190 ) 6,133 Total debt securities available for sale $ 135,281 $ 2,071 $ (2,083 ) $ 135,269 December 31, 2019 Cost or Gross Unrealized Estimated Amortized Cost Gains Losses Fair Value Debt Securities: U.S. Government $ 9,392 $ 66 $ (6 ) $ 9,452 State and local government 14,388 545 — 14,933 Corporate debt 39,550 865 (21 ) 40,394 Asset-backed securities 19,549 81 (55 ) 19,575 Mortgage-backed securities 31,389 238 (112 ) 31,515 Commercial mortgage-backed securities 9,972 116 (45 ) 10,043 Collateralized mortgage obligations 5,073 29 (14 ) 5,088 Total debt securities available for sale $ 129,313 $ 1,940 $ (253 ) $ 131,000
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): March 31, 2020 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: State and local government 17 3,426 (95 ) — — — 17 3,426 (95 ) Corporate debt 36 15,920 (789 ) — — — 36 15,920 (789 ) Asset-backed securities 14 14,969 (535 ) 13 7,258 (401 ) 27 22,227 (936 ) Mortgage-backed securities 1 995 (1 ) — — — 1 995 (1 ) Commercial mortgage-backed securities 7 4,500 (72 ) — — — 7 4,500 (72 ) Collateralized mortgage obligations 17 3,828 (190 ) — — — 17 3,828 (190 ) Total debt securities available for sale 92 43,638 (1,682 ) 13 7,258 (401 ) 105 50,896 (2,083 ) December 31, 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 — $ — $ — 4 $ 1,047 $ (6 ) 4 $ 1,047 $ (6 ) State and local government — — — — — — — — — Corporate debt 7 3,720 (17 ) 3 1,697 (4 ) 10 5,417 (21 ) Asset-backed securities 3 2,596 (1 ) 18 11,836 (54 ) 21 14,432 (55 ) Mortgage-backed securities 3 715 (1 ) 13 7,812 (111 ) 16 8,527 (112 ) Commercial mortgage-backed securities 6 6,837 (45 ) — — — 6 6,837 (45 ) Collateralized mortgage obligations 8 2,081 (14 ) — — — 8 2,081 (14 ) Total debt securities available for sale 27 $ 15,949 $ (78 ) 38 $ 22,392 $ (175 ) 65 $ 38,341 $ (253 )
Schedule of Investment Income	The Company’s sources of net investment income are as follows (dollars in thousands): Three Months Ended March 31, 2020 2019 Debt securities $ 867 $ 857 Equity securities 55 40 Cash, cash equivalents and short-term investments 119 70 Total investment income 1,041 967 Investment expenses (87 ) (57 ) Net investment income $ 954 $ 910
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 March 31, 2020 2019 Debt securities: Gross realized gains $ 720 $ 20 Gross realized losses (4 ) (50 ) Total debt securities 716 (30 ) Equity securities: Gross realized gains 344 49 Gross realized losses (132 ) — Total equity securities 212 49 Total net realized investment gains (losses) $ 928 $ 19
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 March 31, 2020. Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties (dollars in thousands): Amortized Cost Estimated Fair Value Due in one year or less $ 7,652 $ 7,684 Due after one year through five years 40,950 41,392 Due after five years through ten years 15,716 15,619 Due after ten years 5,820 5,887 Securities with contractual maturities 70,138 70,582 Asset-backed securities 25,772 24,862 Mortgage-backed securities 23,129 23,701 Commercial mortgage-backed securities 9,959 9,991 Collateralized mortgage obligations 6,283 6,133 Total debt securities $ 135,281 $ 135,269

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 and December 31, 2019 (dollars in thousands): March 31, 2020 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 $ 10,287 $ — $ 10,287 $ — State and local government 17,378 — 17,378 — Corporate debt 42,917 — 42,917 — Asset-backed securities 24,862 — 24,862 — Mortgage-backed securities 23,701 — 23,701 — Commercial mortgage-backed securities 9,991 — 9,991 — Collateralized mortgage obligations 6,133 — 6,133 — Total debt securities 135,269 — 135,269 — Equity Securities 11,091 10,827 264 — Short-term investments 27,178 27,178 — — Total marketable investments measured at fair value $ 173,538 $ 38,005 $ 135,533 $ — Investments measured at NAV: Investment in limited partnership 699 Total assets measured at fair value $ 174,237 Liabilities: Senior Unsecured Notes * $ 17,038 $ — $ 17,038 $ — Subordinated Notes * 11,450 — — 11,450 Total Liabilities measured at fair value $ 28,488 $ — $ 17,038 $ 11,450 * Carried at face value of debt net of unamortized debt issuance costs on the consolidated balance sheet December 31, 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 $ 9,452 $ — $ 9,452 $ — State and local government 14,933 — 14,933 — Corporate debt 40,394 — 40,394 — Asset-backed securities 19,575 — 19,575 — Mortgage-backed securities 31,515 — 31,515 — Commercial mortgage-backed securities 10,043 — 10,043 — Collateralized mortgage obligations 5,088 — 5,088 — Total debt securities 131,000 — 131,000 — Equity securities 6,599 6,335 264 — Short-term investments 31,426 31,426 — — Total marketable investments measured at fair value $ 169,025 $ 37,761 $ 131,264 $ — Investments measured at NAV: Investment in limited partnership 707 Total assets measured at fair value $ 169,732 Liabilities: Senior Unsecured Notes * $ 22,669 $ — $ 22,669 $ — Subordinated Notes * 11,222 — — 11,222 Total Liabilities measured at fair value $ 33,891 $ — $ 22,669 $ 11,222 * 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)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 2019 Balance at beginning of period $ 11,906 $ 12,011 Deferred policy acquisition costs 5,905 5,731 Amortization of policy acquisition costs (6,303 ) (5,589 ) Net change (398 ) 142 Balance at end of period $ 11,508 $ 12,153

Unpaid Losses and Loss Adjust_2

Unpaid Losses and Loss Adjustment Expenses (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 2019 Gross reserves - beginning of period $ 107,246 $ 92,807 Less: reinsurance recoverables on unpaid losses (22,579 ) (29,685 ) Plus: deferred gain on ADC — 5,677 Net reserves - beginning of period 84,667 68,799 Add: incurred losses and LAE, net of reinsurance: Current period 10,520 12,472 Prior period 3,749 1,984 Total net incurred losses and LAE 14,269 14,456 Deduct: loss and LAE payments, net of reinsurance: Current period 874 1,050 Prior period 10,427 9,396 Total net loss and LAE payments 11,301 10,446 Net reserves - end of period 87,635 72,809 Plus: reinsurance recoverables on unpaid losses 22,022 24,551 Less: deferred gain on ADC — (3,394 ) Gross reserves - end of period $ 109,657 $ 93,966

Reinsurance (Tables)

Reinsurance (Tables)	3 Months Ended
	Mar. 31, 2020
Reinsurance Disclosures [Abstract]
Summary of the Effects of Reinsurance	The following table presents the effects of reinsurance and assumption transactions on written premiums, earned premiums and losses and LAE (dollars in thousands). The ceded written and earned premiums amounts include $63,000 and $250,000 of reinsurance reinstatement costs relating to Hurricane Irma for the three months ended March 31, 2020 and 2019, respectively. Three Months Ended March 31, 2020 2019 Written premiums: Direct $ 19,629 $ 18,464 Assumed 5,455 5,752 Ceded (4,033 ) (3,894 ) Net written premiums $ 21,051 $ 20,322 Earned premiums: Direct $ 17,458 $ 18,004 Assumed 8,595 7,546 Ceded (4,036 ) (3,863 ) Net earned premiums $ 22,017 $ 21,687 Losses and LAE: Direct $ 12,326 $ 16,799 Assumed 5,458 4,513 Ceded (3,515 ) (6,856 ) Net Losses and LAE $ 14,269 $ 14,456

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Outstanding Senior Debt	A summary of the Company's outstanding debt is as follows (dollars in thousands): March 31, 2020 December 31, 2019 Senior unsecured notes $ 24,121 $ 24,288 Subordinated notes 9,548 9,536 Line of credit 3,000 2,000 Total $ 36,669 $ 35,824

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2020
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): For the Three Months Ended March 31, 2020 2019 Balance at beginning of period $ 489 $ (2,612 ) Other comprehensive income (loss) before reclassifications (1,315 ) 1,557 Less: amounts reclassified from accumulated other comprehensive income (loss) 384 (140 ) Net other comprehensive income (loss) (1,699 ) 1,697 Balance at end of period $ (1,210 ) $ (915 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
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): For the Three Months Ended March 31, 2020 2019 Net income (loss) $ (4,725 ) $ (680 ) Weighted average common shares, basic and diluted* 9,592,774 8,453,570 Earnings (loss) per common share, basic and diluted $ (0.49 ) $ (0.08 ) * The nonvested shares of the restricted stock units were anti-dilutive as of March 31, 2020 and March 31, 2019. Therefore, the basic and diluted weighted average common shares are equal for the three and nine months ended March 31, 2020 and March 31, 2019.

Stock-based Compensation (Table

Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Nonvested Restricted Stock Units Activity	The following summarizes our RSU activity (units in thousands): Number of Units Weighted Average Grant-Date Fair Value Outstanding at December 31, 2018 264 $ 8.91 Units forfeited (1 ) 9.56 Outstanding at March 31, 2019 263 8.91 Units vested (102 ) 9.47 Units forfeited (5 ) 6.93 Outstanding at December 31, 2019 156 8.45 Outstanding at March 31, 2020 156 $ 8.45

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Schedule of Information by Reportable Segment	The following tables present information by reportable operating segment (dollars in thousands): Three Months Ended March 31, 2020 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 23,444 $ 1,640 $ 25,084 $ — $ — $ — $ 25,084 Net written premiums $ 19,687 $ 1,364 $ 21,051 $ — $ — $ — $ 21,051 Net earned premiums $ 20,431 $ 1,586 $ 22,017 $ — $ — $ — $ 22,017 Other income 74 36 110 1,934 31 (1,417 ) 658 Segment revenue 20,505 1,622 22,127 1,934 31 (1,417 ) 22,675 Losses and loss adjustment expenses, net 13,461 808 14,269 — — — 14,269 Policy acquisition costs 6,164 489 6,653 1,208 — (1,558 ) 6,303 Operating expenses 3,503 275 3,778 905 362 — 5,045 Segment expenses 23,128 1,572 24,700 2,113 362 (1,558 ) 25,617 Segment gain (loss) $ (2,623 ) $ 50 $ (2,573 ) $ (179 ) $ (331 ) $ 141 $ (2,942 ) Investment income 954 954 Net realized investment gains 928 928 Change in fair value of equity securities (3,086 ) (3,086 ) Other gains 115 115 Interest expense (731 ) (731 ) Income (loss) before income taxes $ (2,623 ) $ 50 $ (2,573 ) $ (179 ) $ (2,151 ) $ 141 $ (4,762 ) Three Months Ended March 31, 2019 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 22,584 $ 1,632 $ 24,216 $ — $ — $ — $ 24,216 Net written premiums $ 19,306 $ 1,016 $ 20,322 $ — $ — $ — $ 20,322 Net earned premiums $ 20,698 $ 989 $ 21,687 $ — $ — $ — $ 21,687 Other income 23 30 53 1,906 86 (1,623 ) 422 Segment revenue 20,721 1,019 21,740 1,906 86 (1,623 ) 22,109 Losses and loss adjustment expenses, net 12,545 1,911 14,456 — — — 14,456 Policy acquisition costs 5,414 409 5,823 1,389 — (1,623 ) 5,589 Operating expenses 2,963 264 3,227 603 493 — 4,323 Segment expenses 20,922 2,584 23,506 1,992 493 (1,623 ) 24,368 Segment gain (loss) $ (201 ) $ (1,565 ) $ (1,766 ) $ (86 ) $ (407 ) $ — $ (2,259 ) Investment income 910 910 Net realized investment gains 19 19 Change in fair value of equity securities 1,265 1,265 Other gains — — Interest expense (710 ) (710 ) Income (loss) before income taxes $ (201 ) $ (1,565 ) $ (1,766 ) $ (86 ) $ 1,077 $ — $ (775 )

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details)	3 Months Ended
	Mar. 31, 2020class_businessstate
Accounting Policies [Abstract]
Number of types of business | class_business	3
Number of states in which entity operates | state	50

Investments - Available-for-sal

Investments - Available-for-sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	$ 135,281	$ 129,313
Debt securities, Gross Unrealized Gain	2,071	1,940
Debt securities, Gross Unrealized Losses	(2,083)	(253)
Debt securities, Estimated Fair Value	135,269	131,000
U.S. Government
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	9,979	9,392
Debt securities, Gross Unrealized Gain	308	66
Debt securities, Gross Unrealized Losses	0	(6)
Debt securities, Estimated Fair Value	10,287	9,452
State and local government
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	17,065	14,388
Debt securities, Gross Unrealized Gain	408	545
Debt securities, Gross Unrealized Losses	(95)	0
Debt securities, Estimated Fair Value	17,378	14,933
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	43,094	39,550
Debt securities, Gross Unrealized Gain	612	865
Debt securities, Gross Unrealized Losses	(789)	(21)
Debt securities, Estimated Fair Value	42,917	40,394
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	25,772	19,549
Debt securities, Gross Unrealized Gain	26	81
Debt securities, Gross Unrealized Losses	(936)	(55)
Debt securities, Estimated Fair Value	24,862	19,575
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	23,129	31,389
Debt securities, Gross Unrealized Gain	573	238
Debt securities, Gross Unrealized Losses	(1)	(112)
Debt securities, Estimated Fair Value	23,701	31,515
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	9,959	9,972
Debt securities, Gross Unrealized Gain	104	116
Debt securities, Gross Unrealized Losses	(72)	(45)
Debt securities, Estimated Fair Value	9,991	10,043
Collateralized mortgage obligations
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	6,283	5,073
Debt securities, Gross Unrealized Gain	40	29
Debt securities, Gross Unrealized Losses	(190)	(14)
Debt securities, Estimated Fair Value	$ 6,133	$ 5,088

Investments - Available-for-s_2

Investments - Available-for-sale Securities in Unrealized Loss Positions (Details) $ in Thousands	Mar. 31, 2020USD ($)security	Dec. 31, 2019USD ($)security
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Debt securities, less than 12 months, number of issues | security	92	27
Debt securities, greater than 12 months, number of issues | security	13	38
Debt securities, number of issues | security	105	65
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 43,638	$ 15,949
Debt securities, greater than 12 months, fair value	7,258	22,392
Debt securities, fair value	50,896	38,341
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(1,682)	(78)
Debt securities, greater than 12 months, unrealized losses	(401)	(175)
Debt securities, total unrealized losses	$ (2,083)	$ (253)
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
Debt securities, greater than 12 months, number of issues | security		4
Debt securities, number of issues | security		4
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value		$ 0
Debt securities, greater than 12 months, fair value		1,047
Debt securities, fair value		1,047
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses		0
Debt securities, greater than 12 months, unrealized losses		(6)
Debt securities, total unrealized losses		$ (6)
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	17	0
Debt securities, greater than 12 months, number of issues | security	0	0
Debt securities, number of issues | security	17	0
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 3,426	$ 0
Debt securities, greater than 12 months, fair value	0	0
Debt securities, fair value	3,426	0
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(95)	0
Debt securities, greater than 12 months, unrealized losses	0	0
Debt securities, total unrealized losses	$ (95)	$ 0
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	36	7
Debt securities, greater than 12 months, number of issues | security	0	3
Debt securities, number of issues | security	36	10
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 15,920	$ 3,720
Debt securities, greater than 12 months, fair value	0	1,697
Debt securities, fair value	15,920	5,417
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(789)	(17)
Debt securities, greater than 12 months, unrealized losses	0	(4)
Debt securities, total unrealized losses	$ (789)	$ (21)
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	14	3
Debt securities, greater than 12 months, number of issues | security	13	18
Debt securities, number of issues | security	27	21
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 14,969	$ 2,596
Debt securities, greater than 12 months, fair value	7,258	11,836
Debt securities, fair value	22,227	14,432
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(535)	(1)
Debt securities, greater than 12 months, unrealized losses	(401)	(54)
Debt securities, total unrealized losses	$ (936)	$ (55)
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	3
Debt securities, greater than 12 months, number of issues | security	0	13
Debt securities, number of issues | security	1	16
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 995	$ 715
Debt securities, greater than 12 months, fair value	0	7,812
Debt securities, fair value	995	8,527
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(1)	(1)
Debt securities, greater than 12 months, unrealized losses	0	(111)
Debt securities, total unrealized losses	$ (1)	$ (112)
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	7	6
Debt securities, greater than 12 months, number of issues | security	0	0
Debt securities, number of issues | security	7	6
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 4,500	$ 6,837
Debt securities, greater than 12 months, fair value	0	0
Debt securities, fair value	4,500	6,837
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(72)	(45)
Debt securities, greater than 12 months, unrealized losses	0	0
Debt securities, total unrealized losses	$ (72)	$ (45)
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	17	8
Debt securities, greater than 12 months, number of issues | security	0	0
Debt securities, number of issues | security	17	8
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 3,828	$ 2,081
Debt securities, greater than 12 months, fair value	0	0
Debt securities, fair value	3,828	2,081
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(190)	(14)
Debt securities, greater than 12 months, unrealized losses	0	0
Debt securities, total unrealized losses	$ (190)	$ (14)

Investments - Net Investment In

Investments - Net Investment Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net Investment Income [Line Items]
Investment income	$ 1,041	$ 967
Investment expenses	(87)	(57)
Net investment income	954	910
Debt securities
Net Investment Income [Line Items]
Investment income	867	857
Equity securities
Net Investment Income [Line Items]
Investment income	55	40
Cash, cash equivalents and short-term investments
Net Investment Income [Line Items]
Investment income	$ 119	$ 70

Investments - Gross Realized Ga

Investments - Gross Realized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Debt securities:
Gross realized gains	$ 720	$ 20
Gross realized losses	(4)	(50)
Total debt securities	716	(30)
Equity securities:
Gross realized gains	344	49
Gross realized losses	(132)
Total equity securities	212	49
Total net realized investment gains (losses)	$ 928	$ 19

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Proceeds from sale of available-for-sale debt securities	$ 23,200,000	$ 4,100,000
Gross realized gains	719,000	69,000
Gross realized losses	0	$ 51,000
Deposits held in trust accounts	8,800,000		$ 8,000,000
Deposits, held in trust for collateral requirements	$ 67,900,000		$ 58,400,000

Investments - Available-for-s_3

Investments - Available-for-sale Fixed Maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Amortized Cost
Due in one year or less	$ 7,652
Due after one year through five years	40,950
Due after five years through ten years	15,716
Due after ten years	5,820
Securities with contractual maturities	70,138
Total debt securities	135,281	$ 129,313
Estimated Fair Value
Due in one year or less	7,684
Due after one year through five years	41,392
Due after five years through ten years	15,619
Due after ten years	5,887
Securities with contractual maturities	70,582
Total debt securities	135,269	131,000
Asset-backed securities
Amortized Cost
Total debt securities	25,772	19,549
Estimated Fair Value
Total debt securities	24,862	19,575
Mortgage-backed securities
Amortized Cost
Total debt securities	23,129	31,389
Estimated Fair Value
Total debt securities	23,701	31,515
Commercial mortgage-backed securities
Amortized Cost
Total debt securities	9,959	9,972
Estimated Fair Value
Total debt securities	9,991	10,043
Collateralized mortgage obligations
Amortized Cost
Total debt securities	6,283	5,073
Estimated Fair Value
Total debt securities	$ 6,133	$ 5,088

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets:
Total debt securities	$ 135,269	$ 131,000
Equity Securities	11,091	6,599
Short-term investments	27,178	31,426
Total marketable investments measured at fair value	173,538	169,025
Total assets measured at fair value	174,237	169,732
Liabilities:
Total Liabilities measured at fair value	28,488	33,891
U.S. Government
Assets:
Total debt securities	10,287	9,452
State and local government
Assets:
Total debt securities	17,378	14,933
Corporate debt
Assets:
Total debt securities	42,917	40,394
Asset-backed securities
Assets:
Total debt securities	24,862	19,575
Mortgage-backed securities
Assets:
Total debt securities	23,701	31,515
Commercial mortgage-backed securities
Assets:
Total debt securities	9,991	10,043
Collateralized mortgage obligations
Assets:
Total debt securities	6,133	5,088
Senior Unsecured Notes
Liabilities:
Debt	17,038	22,669
Subordinated notes
Liabilities:
Debt	11,450	11,222
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Total debt securities	0	0
Equity Securities	10,827	6,335
Short-term investments	27,178	31,426
Total marketable investments measured at fair value	38,005	37,761
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	135,269	131,000
Equity Securities	264	264
Short-term investments	0	0
Total marketable investments measured at fair value	135,533	131,264
Liabilities:
Total Liabilities measured at fair value	17,038	22,669
Significant Other Observable Inputs (Level 2) | U.S. Government
Assets:
Total debt securities	10,287	9,452
Significant Other Observable Inputs (Level 2) | State and local government
Assets:
Total debt securities	17,378	14,933
Significant Other Observable Inputs (Level 2) | Corporate debt
Assets:
Total debt securities	42,917	40,394
Significant Other Observable Inputs (Level 2) | Asset-backed securities
Assets:
Total debt securities	24,862	19,575
Significant Other Observable Inputs (Level 2) | Mortgage-backed securities
Assets:
Total debt securities	23,701	31,515
Significant Other Observable Inputs (Level 2) | Commercial mortgage-backed securities
Assets:
Total debt securities	9,991	10,043
Significant Other Observable Inputs (Level 2) | Collateralized mortgage obligations
Assets:
Total debt securities	6,133	5,088
Significant Other Observable Inputs (Level 2) | Senior Unsecured Notes
Liabilities:
Debt	17,038	22,669
Significant Other Observable Inputs (Level 2) | Subordinated notes
Liabilities:
Debt		0
Significant Unobservable Inputs (Level 3)
Assets:
Total debt securities	0	0
Equity Securities	0	0
Short-term investments	0	0
Total marketable investments measured at fair value	0	0
Liabilities:
Total Liabilities measured at fair value	11,450	11,222
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	0
Significant Unobservable Inputs (Level 3) | Mortgage-backed securities
Assets:
Total debt securities	0	0
Significant Unobservable Inputs (Level 3) | Commercial mortgage-backed securities
Assets:
Total debt securities	0	0
Significant Unobservable Inputs (Level 3) | Collateralized mortgage obligations
Assets:
Total debt securities	0	0
Significant Unobservable Inputs (Level 3) | Senior Unsecured Notes
Liabilities:
Debt	0	0
Significant Unobservable Inputs (Level 3) | Subordinated notes
Liabilities:
Debt	11,450	11,222
Partnership interest
Assets:
Investments measured at NAV	$ 699	$ 707

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	Mar. 31, 2020
Level 1
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment portfolio percentage	21.80%
Level 2
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment portfolio percentage	77.80%

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs - Activity in Deferred Policy Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance at beginning of period	$ 11,906	$ 12,011
Deferred policy acquisition costs	5,905	5,731
Amortization of policy acquisition costs	(6,303)	(5,589)
Net change	(398)	142
Balance at end of period	$ 11,508	$ 12,153

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
	Mar. 31, 2020	Mar. 31, 2019
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Gross reserves - beginning of period	$ 107,246	$ 92,807
Less: reinsurance recoverables on unpaid losses	(22,579)	(29,685)
Plus: deferred gain on ADC		5,677
Net reserves - beginning of period	84,667	68,799
Add: incurred losses and LAE, net of reinsurance:
Current period	10,520	12,472
Prior period	3,749	1,984
Total net incurred losses and LAE	14,269	14,456
Deduct: loss and LAE payments, net of reinsurance:
Current period	874	1,050
Prior period	10,427	9,396
Total net loss and LAE payments	11,301	10,446
Net reserves - end of period	87,635	72,809
Plus: reinsurance recoverables on unpaid losses	22,022	24,551
Less: deferred gain on ADC		(3,394)
Gross reserves - end of period	$ 109,657	$ 93,966

Unpaid Losses and Loss Adjust_4

Unpaid Losses and Loss Adjustment Expenses - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended
	Sep. 30, 2017	Mar. 31, 2020	Mar. 31, 2019
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments		$ 3,749,000	$ 1,984,000
Commercial Lines
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments		$ 3,700,000	913,000
Amortization of deferred gain on ADC			2,100,000
Personal Lines
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments			1,100,000
Amortization of deferred gain on ADC			$ 137,000
Maximum | Adverse Development Cover Reinsurance Agreement
Liability for Claims and Claims Adjustment Expense [Line Items]
Amount reinsured	$ 17,500,000

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Effects of Reinsurance [Line Items]
Ceded premium written	$ 4,033,000	$ 3,894,000
Ceded premiums earned	4,036,000	3,863,000
Hurricane
Effects of Reinsurance [Line Items]
Ceded premium written	63,000	250,000
Ceded premiums earned	63,000	250,000
Maximum | Homeowners Lines
Effects of Reinsurance [Line Items]
Amount retained (excess of)	300,000	300,000
Property Risk | Maximum
Effects of Reinsurance [Line Items]
Amount retained (excess of)	400,000	400,000
Liability Risk | Maximum
Effects of Reinsurance [Line Items]
Amount retained (excess of)	$ 400,000	$ 400,000

Reinsurance - Effects of Reinsu

Reinsurance - Effects of Reinsurance and Assumption Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Written premiums:
Direct	$ 19,629	$ 18,464
Assumed	5,455	5,752
Ceded	(4,033)	(3,894)
Net written premiums	21,051	20,322
Earned premiums:
Direct	17,458	18,004
Assumed	8,595	7,546
Ceded	(4,036)	(3,863)
Net earned premiums	22,017	21,687
Losses and LAE:
Direct	12,326	16,799
Assumed	5,458	4,513
Ceded	(3,515)	(6,856)
Total net incurred losses and LAE	$ 14,269	$ 14,456

Debt - Narrative (Details)

Debt - Narrative (Details)	Sep. 24, 2018USD ($)	Jun. 21, 2018USD ($)	Sep. 29, 2017USD ($)	Mar. 31, 2020USD ($)debt_instrumentshares	Dec. 31, 2019USD ($)	Oct. 31, 2018USD ($)
Debt Instrument [Line Items]
Number of debt instruments | debt_instrument				3
Debt				$ 36,669,000	$ 35,824,000
Senior Unsecured Notes
Debt Instrument [Line Items]
Debt				24,121,000	24,288,000
Senior Unsecured Notes | Senior Unsecured Notes
Debt Instrument [Line Items]
Face amount of debt				25,100,000		$ 25,300,000
Maturity date						Sep. 30, 2023
Interest rate						6.75%
Debt issuance costs				935,000
Subordinated notes
Debt Instrument [Line Items]
Debt				9,548,000	9,536,000
Subordinated notes | Subordinated notes
Debt Instrument [Line Items]
Face amount of debt	$ 10,500,000		$ 30,000,000	10,500,000
Maturity date	Sep. 30, 2038		Sep. 29, 2032
Debt repaid				$ 19,500,000
Number of units repurchased | shares				9,761
Repurchased face value amount				$ 244,000
Gain on extinguishment of debt				$ 115,000
Interest rate, payment terms				Interest is payable quarterly at the end of March, June, September and December.
Call premium percentage	12.50%
Loan origination fee	$ 105,000
Debt term	20 years
Debt issuance costs				$ 952,000
Derivative, basis spread on fixed rate			8.00%
Subordinated notes | Subordinated notes | Swap rate
Debt Instrument [Line Items]
Debt term			5 years
Subordinated notes | Subordinated notes | Swap rate | Period One
Debt Instrument [Line Items]
Derivative, basis spread on fixed rate			1250.00%
Subordinated notes | Subordinated notes | Swap rate | Period Two
Debt Instrument [Line Items]
Derivative, basis spread on variable rate			1500.00%
Subordinated notes | Subordinated notes | Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Interest rate	7.50%
Call premium	$ 1,100,000
Subordinated notes | Subordinated notes | Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Interest rate	12.50%
Call premium	$ 1,750,000
Subordinated notes | Subordinated notes | Debt Instrument, Redemption, Period Three
Debt Instrument [Line Items]
Call premium	$ 3,050,000
Line of credit
Debt Instrument [Line Items]
Borrowing capacity		$ 10,000,000		10,000,000
Debt				$ 3,000,000	$ 2,000,000
Line of credit | LIBOR
Debt Instrument [Line Items]
Variable interest rate		2.75%

Debt - Outstanding Senior Debt

Debt - Outstanding Senior Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Debt	$ 36,669	$ 35,824
Senior Unsecured Notes
Debt Instrument [Line Items]
Debt	24,121	24,288
Subordinated notes
Debt Instrument [Line Items]
Debt	9,548	9,536
Line of credit
Debt Instrument [Line Items]
Debt	$ 3,000	$ 2,000

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details)	1 Months Ended	3 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares	Mar. 31, 2020USD ($)voteshares	Dec. 31, 2019USD ($)shares	Dec. 05, 2018shares
Equity, Class of Treasury Stock [Line Items]
Common stock, shares issued (in shares)		9,592,161	9,592,861
Common stock, shares outstanding (in shares)		9,592,161	9,592,861
Common stock voting rights, number of votes per share | vote		1
Restricted Stock Units (RSUs)
Equity, Class of Treasury Stock [Line Items]
Shares repurchased (in shares)			9,319
Shares repurchased | $			$ 38,000
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)		700	154,208
Shares repurchased | $		$ 2,000	$ 638,000
Common stocks
Equity, Class of Treasury Stock [Line Items]
Common stock, shares issued (in shares)		9,592,161	9,592,861
Common stock, shares outstanding (in shares)		9,592,161	9,592,861
Private placement | Common stocks
Equity, Class of Treasury Stock [Line Items]
Common equity issued | $	$ 5,000,000
Common equity issued (in shares)	1,176,471
Offering price per share (in dollars per share) | $ / shares	$ 4.25

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 42,725	$ 42,163
Other comprehensive income (loss)	(1,699)	1,697
Balance at end of period	36,538	42,915
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	489	(2,612)
Other comprehensive income (loss) before reclassifications	(1,315)	1,557
Less: amounts reclassified from accumulated other comprehensive income (loss)	384	(140)
Other comprehensive income (loss)	(1,699)	1,697
Balance at end of period	$ (1,210)	$ (915)

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
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net income (loss)	$ (4,725)	$ (680)
Weighted average common shares outstanding, basic and diluted	9,592,774	8,453,570
Earnings (loss) per common share, basic and diluted	$ (0.49)	$ (0.08)

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - 2015 Omnibus Incentive Plan - Restricted Stock Units (RSUs) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	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	111,281	390,352
Shares granted in period		$ 404,000	$ 909,000	$ 4,100,000
Share-based compensation expense	$ 239,000
Share-based compensation expense not yet recognized	$ 1,100,000

Stock-based Compensation - RSU

Stock-based Compensation - RSU Activity (Details) - 2015 Omnibus Incentive Plan - Restricted Stock Units (RSUs) - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Number of Units
Beginning period, outstanding (in shares)	156	264	263
Units vested (in shares)	0		(102)
Units forfeited (in shares)	0	(1)	(5)
Ending period, outstanding (in shares)	156	263	156
Weighted Average Grant-Date Fair Value
Beginning period, outstanding (in dollars per share)	$ 8.45	$ 8.91	$ 8.91
Units vested (in dollars per share)	0		9.47
Units forfeited (in dollars per share)	0	9.56	6.93
Ending period, outstanding (in dollars per share)	$ 8.45	$ 8.91	$ 8.45

Segment Information - Narrative

Segment Information - Narrative (Details) - business	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Number of businesses	3
Gross Written Premiums | Geographic Concentration Risk | Michigan, Florida, Texas and Pennsylvania
Segment Reporting Information [Line Items]
Concentration risk	53.00%	57.00%

Segment Information - Informati

Segment Information - Information by Reportable Operating Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Gross written premiums	$ 25,084	$ 24,216
Net written premiums	21,051	20,322
Net earned premiums	22,017	21,687
Other income	658	422
Segment revenue	22,675	22,109
Losses and loss adjustment expenses, net	14,269	14,456
Policy acquisition costs	6,303	5,589
Operating expenses	5,045	4,323
Segment expenses	25,617	24,368
Segment gain (loss)	(2,942)	(2,259)
Net investment income	954	910
Net realized investment gains	928	19
Change in fair value of equity securities	(3,086)	1,265
Other gains	115
Interest expense	(731)	(710)
Income (loss) before equity earnings in Affiliate and income taxes	(4,762)	(775)
Operating Segments | Commercial Lines
Segment Reporting Information [Line Items]
Gross written premiums	23,444	22,584
Net written premiums	19,687	19,306
Net earned premiums	20,431	20,698
Other income	74	23
Segment revenue	20,505	20,721
Losses and loss adjustment expenses, net	13,461	12,545
Policy acquisition costs	6,164	5,414
Operating expenses	3,503	2,963
Segment expenses	23,128	20,922
Segment gain (loss)	(2,623)	(201)
Income (loss) before equity earnings in Affiliate and income taxes	(2,623)	(201)
Operating Segments | Personal Lines
Segment Reporting Information [Line Items]
Gross written premiums	1,640	1,632
Net written premiums	1,364	1,016
Net earned premiums	1,586	989
Other income	36	30
Segment revenue	1,622	1,019
Losses and loss adjustment expenses, net	808	1,911
Policy acquisition costs	489	409
Operating expenses	275	264
Segment expenses	1,572	2,584
Segment gain (loss)	50	(1,565)
Income (loss) before equity earnings in Affiliate and income taxes	50	(1,565)
Operating Segments | Total Underwriting
Segment Reporting Information [Line Items]
Gross written premiums	25,084	24,216
Net written premiums	21,051	20,322
Net earned premiums	22,017	21,687
Other income	110	53
Segment revenue	22,127	21,740
Losses and loss adjustment expenses, net	14,269	14,456
Policy acquisition costs	6,653	5,823
Operating expenses	3,778	3,227
Segment expenses	24,700	23,506
Segment gain (loss)	(2,573)	(1,766)
Income (loss) before equity earnings in Affiliate and income taxes	(2,573)	(1,766)
Operating Segments | Wholesale Agency
Segment Reporting Information [Line Items]
Other income	1,934	1,906
Segment revenue	1,934	1,906
Policy acquisition costs	1,208	1,389
Operating expenses	905	603
Segment expenses	2,113	1,992
Segment gain (loss)	(179)	(86)
Income (loss) before equity earnings in Affiliate and income taxes	(179)	(86)
Corporate
Segment Reporting Information [Line Items]
Other income	31	86
Segment revenue	31	86
Operating expenses	362	493
Segment expenses	362	493
Segment gain (loss)	(331)	(407)
Net investment income	954	910
Net realized investment gains	928	19
Change in fair value of equity securities	(3,086)	1,265
Other gains	115
Interest expense	(731)	(710)
Income (loss) before equity earnings in Affiliate and income taxes	(2,151)	1,077
Eliminations
Segment Reporting Information [Line Items]
Other income	(1,417)	(1,623)
Segment revenue	(1,417)	(1,623)
Policy acquisition costs	(1,558)	(1,623)
Segment expenses	(1,558)	$ (1,623)
Segment gain (loss)	141
Income (loss) before equity earnings in Affiliate and income taxes	$ 141

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details) - Subsequent Event	Apr. 24, 2020USD ($)
Subsequent Event [Line Items]
Line of credit	$ 10,000,000
Paycheck Protection Program | Huntington National Bank
Subsequent Event [Line Items]
Loan amount received	$ 2,744,667