Conifer (CNFR) 10-K 10 Mar 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Mar. 10, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Registrant Name	Conifer Holdings, Inc.
Entity Central Index Key	0001502292
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Entity Public Float			$ 10.1
Entity Common Stock, Shares Outstanding		9,707,817
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	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
Document Annual Report	true
Document Transition Report	false
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Detroit, MI

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investment securities:
Debt securities, at fair value (amortized cost of $150,732 and $149,954, respectively)	$ 149,783	$ 151,999
Equity securities, at fair value (cost of $10,972 and $16,912, respectively)	9,931	17,891
Short-term investments, at fair value	23,013	13,317
Total investments	182,727	183,207
Cash and cash equivalents	9,913	8,193
Premiums and agents' balances receivable, net	21,197	20,162
Receivable from Affiliate	5,784	8
Reinsurance recoverables on unpaid losses	40,344	24,218
Reinsurance recoverables on paid losses	1,347	2,138
Prepaid reinsurance premiums	8,301	1,316
Deferred policy acquisition costs	12,267	12,243
Other assets	8,524	10,112
Total assets	290,404	261,597
Liabilities:
Unpaid losses and loss adjustment expenses	139,085	111,270
Unearned premiums	65,269	56,224
Reinsurance premium payable	5,318
Debt	33,564	40,997
Accounts payable and accrued expenses	6,665	8,693
Total liabilities	249,901	217,184
Commitments and contingencies	0	0
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 9,707,817 and 9,681,728 issued and outstanding, respectively)	92,692	92,486
Accumulated deficit	(50,079)	(48,985)
Accumulated other comprehensive income (loss)	(2,110)	912
Total shareholders' equity	40,503	44,413
Total liabilities and shareholders' equity	$ 290,404	$ 261,597

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Debt securities, amortized cost	$ 150,732	$ 149,954
Equity securities, amortized cost	$ 10,972	$ 16,912
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	9,707,817	9,681,728
Common stock, shares outstanding (in shares)	9,707,817	9,681,728

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue and Other Income
Gross earned premiums		$ 123,050	$ 106,614	$ 103,203
Ceded earned premiums		(24,248)	(17,511)	(14,114)
Net earned premiums		98,802	89,103	89,089
Net investment income		1,968	3,156	4,031
Net realized investment gains		2,878	8,126	1,196
Change in fair value of equity securities		(2,020)	228	(427)
Other gains		11,664	260	0
Other income		2,671	2,615	2,109
Total revenue and other income		115,963	103,488	95,998
Expenses
Losses and loss adjustment expenses, net		69,861	56,228	59,744
Policy acquisition costs		28,451	26,105	24,911
Operating expenses		16,509	18,468	17,582
Interest expense		2,852	2,925	2,882
Total expenses		117,673	103,726	105,119
Income (loss) before income taxes		(1,710)	(238)	(9,121)
Equity earnings in Affiliate, net of tax		824	839	386
Income tax expense (benefit)		208	6	(913)
Net income (loss)		$ (1,094)	$ 595	$ (7,822)
Net income (loss) per share, basic and diluted		$ (0.11)	$ 0.06	$ (0.88)
Weighted average common shares outstanding, basic and diluted	[1]	9,691,998	9,625,059	8,880,107
[1]	The non-vested shares of the restricted stock units and stock options were anti-dilutive as of December 31, 2021, 2020, and 2019.  Therefore, the non-vested shares are excluded from earnings (loss) per share for the years ended December 31, 2021, 2020, and 2019.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ (1,094)	$ 595	$ (7,822)
Unrealized investment gains (losses):
Unrealized investment gains (losses) during the period	(2,937)	1,589	3,725
Income tax expense (benefit)	0	0	824
Unrealized investment gains (losses), net of tax	(2,937)	1,589	2,901
Less: reclassification adjustments to:
Net realized investment gains (losses) included in net income (loss)	85	1,166	(200)
Income tax expense (benefit)	0	0	0
Total reclassifications included in net income (loss), net of tax	85	1,166	(200)
Other comprehensive income (loss)	(3,022)	423	3,101
Total comprehensive income (loss)	$ (4,116)	$ 1,018	$ (4,721)

Consolidated Statement of Chang

Consolidated Statement of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	No Par, Common Stock	Retained Earnings (Accumulated deficit)	Accumulated Other Comprehensive Income (Loss)
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 income (loss)	595		595
Repurchase of common stock	(36)	$ (36)
Repurchase of common stock (in shares)		(11,586)
Stock-based compensation expense	706	$ 706
Stock-based compensation expense, Shares		100,453
Other comprehensive income (loss)	423			423
Balance at end of period at Dec. 31, 2020	44,413	$ 92,486	(48,985)	912
Balance at end of period (in shares) at Dec. 31, 2020		9,681,728
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,094)		(1,094)
Repurchase of common stock	(12)	$ (12)
Repurchase of common stock (in shares)		(3,886)
Stock-based compensation expense	218	$ 218
Stock-based compensation expense, Shares		29,975
Other comprehensive income (loss)	(3,022)			(3,022)
Balance at end of period at Dec. 31, 2021	$ 40,503	$ 92,692	$ (50,079)	$ (2,110)
Balance at end of period (in shares) at Dec. 31, 2021		9,707,817

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities
Net income (loss)	$ (1,094)	$ 595	$ (7,822)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gain on sale of agency business	(8,910)
Depreciation and amortization	423	437	453
Amortization of bond premium and discount, net	523	655	568
Net realized investment (gains) losses	(2,878)	(8,126)	(1,196)
Change in fair value of equity securities	2,020	(228)	427
Stock-based compensation expenses	218	706	959
Equity earnings in Affiliate, net of tax	(824)	(839)	(386)
PPP Loan forgiveness	(2,745)	0	0
Other	17	(262)	(824)
(Increase) decrease in:
Premiums, agents' balances and other receivables	(811)	311	4,348
Reinsurance recoverables	(15,335)	1,378	7,011
Prepaid reinsurance premiums	(6,985)	(66)	579
Other assets	925	571	(384)
Increase (decrease) in:
Unpaid losses and loss adjustment expenses	27,815	4,024	14,439
Unearned premiums	9,045	4,721	(1,349)
Reinsurance premiums payable	5,318
Accounts payable and other liabilities	(1,367)	(895)	(1,462)
Net cash provided by operating activities	5,355	2,982	15,361
Cash Flows From Investing Activities
Purchases of investments	(226,794)	(391,588)	(157,235)
Proceeds from maturities and redemptions of investments	25,834	23,403	22,401
Proceeds from sales of investments	198,408	360,926	109,882
Proceeds from sale of agency business	4,000
Dividends from Affiliate	1,000
Other purchases	(1,071)	(78)	(61)
Net cash provided by (used in) investing activities	1,377	(7,337)	(25,013)
Cash Flows From Financing Activities
Proceeds received from issuance of shares of common stock			5,000
Repurchase of common stock	(12)	(36)	(676)
Borrowings under debt arrangements	3,000	5,745	2,100
Repayment of borrowings under debt arrangements	(8,000)	(625)	(100)
Net cash provided by (used in) financing activities	(5,012)	5,084	6,324
Net increase (decrease) in cash	1,720	729	(3,328)
Cash at beginning of period	8,193	7,464	10,792
Cash at end of period	9,913	8,193	7,464
Supplemental Disclosure of Cash Flow Information:
Interest paid	2,883	2,586	2,547
Increase in note receivable from sale of agency business	6,000
Income taxes paid (refunded), net	$ 163	$ (82)	$ 35

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	CONIFER HOLDINGS, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements 1. Summary of Significant Accounting Policies Recent Developments COVID-19 (the “Pandemic”) continues to cause significant disruption to public health, the global economy, financial markets, and commercial, social and community activity in general. As there has been a significant reduction in reported cases and correspondingly a reduction in government restrictions, we see reduced risk to our business. We continue to monitor potential risks the Pandemic may present including a potential resurgence. Our exposure to the Pandemic is manifold. The majority of our employees continue to work remotely however strict “shelter-in-place” or “stay-at-home” orders have been lifted. A significant portion of our revenues are generated from the hospitality sector within the U.S. which remains under stress due to the threats of resurgence and resource shortages that resulted from the Pandemic. We have continued to provide customer service, process new and renewal business, handle claims and otherwise manage all operations even though the vast majority of the staff is working remotely. To date, we have not seen a major disruption in our business as a result of the Pandemic and currently do not expect to see a material negative impact to our financial position or results of operations as a result of the Pandemic. Basis of Presentation and Management Representation The consolidated financial statements include accounts, after elimination of intercompany accounts and transactions, of Conifer Holdings, Inc. (the “Company” or “Conifer”), its wholly owned subsidiaries Conifer Insurance Company ("CIC"), Red Cedar Insurance Company ("RCIC"), White Pine Insurance Company ("WPIC"), and Sycamore Insurance Agency, Inc. ("SIA"). CIC, WPIC, and RCIC are collectively referred to as the "Insurance Company Subsidiaries." On a stand-alone basis Conifer Holdings, Inc. is referred to as the "Parent Company." 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. 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, Michigan, and Pennsylvania. Summary of Significant Accounting Policies 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. In applying these estimates, management makes subjective and complex judgments that frequently require assumptions about matters that are inherently uncertain, including uncertainties associated with the Pandemic. 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 short-term investments in the consolidated balance sheets as they relate to the Company’s investment activities. Lease The Company accounts for leases under FASB Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842), which required the recognition of a right-of-use asset and a corresponding lease liability, discounted to the present value, for all leases that extend beyond 12 months. For operating leases, the asset and liability will be amortized over the lease term with expense recognized on a straight-line basis and all cash flows included in the operating section of the consolidated statement of cash flows. We do not have any financing leases. Our operating leases consist primarily of real estate utilized in the operation of our businesses with lease terms ranging from 5 to 10 years. Management has determined the appropriate discount rate to use in calculating the right-to-use asset and lease liability is 6.75%. The Company records a right-of-use asset and lease liabilities included in Other Assets and Other Liabilities in the Consolidated Balance Sheets. As of December 31, 2021, the Company had a right-of-use asset of $1.4 million, and lease liabilities of $1.5 million. Investment Securities Debt securities are classified as available-for-sale and reported at fair value. The Company determines the fair value using the market approach, which uses quoted prices or other relevant data based on market transactions involving identical or comparable assets. The Company purchases the available-for-sale debt securities with the expectation that they will be held to maturity, however the Company may sell them if market conditions or credit‑related risk warrant earlier sales. The Company does not have any securities classified as held-to-maturity or trading. The change in unrealized gain and loss on debt securities is recorded as a component of accumulated other comprehensive income (loss), net of the related deferred tax effect, until realized. The debt securities portfolio includes structured securities. The Company recognizes income from these securities using a constant effective yield based on anticipated prepayments and the estimated economic life of the securities. When actual prepayments differ significantly from anticipated prepayments, the estimated economic life is recalculated and the remaining unamortized premium or discount is amortized prospectively over the remaining economic life. Premiums and discounts on structured securities are amortized or accreted over the life of the related available‑for‑sale security as an adjustment to yield using the effective interest method. Such amortization and accretion is included in interest income in the consolidated statements of operations. Dividend and interest income are recognized when earned. Realized gains and losses from the sale of available-for-sale securities are determined on a specific-identification basis and included in earnings on the trade date. Equity securities that do not result in consolidation and are not accounted for under the equity method are measured at fair value and any changes in fair value are recognized in net income in the Consolidated Statements of Operations. Mutual fund and similar investments are measured at their net asset value, which approximates fair value. Any changes in the net asset value are recognized in net income in the Consolidated Statements of Operations. The Company carries other equity investments that do not have a readily determinable fair value at cost, less impairment and adjusted for observable price changes under the measurement alternative provided under GAAP. We review these investments for impairment during each reporting period. These investments are a component of Other Assets in the Consolidated Balance Sheets. Other-than-Temporary Impairments The Company reviews its impaired securities for possible other-than-temporary impairment ("OTTI") at each quarter-end. A security has an impairment loss when its fair value is less than its cost or amortized cost at the balance sheet date. The Company considers the following factors in performing its review: (i) the amount by which the security’s fair value is less than its cost, (ii) length of time the security has been impaired, (iii) whether management has the intent to sell the security, (iv) if it is more likely than not that management will be required to sell the security before recovery of its amortized cost basis, (v) whether the impairment is due to an issuer ‑specific event, credit issues or change in market interest rates, (vi) the security’s credit rating and any recent downgrades or (vii) stress testing of expected cash flows under different scenarios . If the Company cannot assert these conditions, an OTTI loss is recorded through the C onsolidated S tatements of O perations in the current period. For all other impaired securities, the Company will assess whether the net present value of the cash flows expected to be collected from the security is less than its amortized cost basis. Such a shortfall in cash flows is referred to as a “credit loss.” For any such security, the Company separates the impairment loss into: (i) the credit loss and (ii) the non-credit loss, which is the amount related to all other factors such as interest rate changes, fluctuations in exchange rates and market conditions. The credit loss charge is recorded to the current period statements of operations and the non-credit loss is recorded to accumulated other comprehensive income (loss), within shareholders’ equity, on an after-tax basis. A security’s cost basis is permanently reduced by the amount of a credit loss. Income is accreted over the remaining life of a security based on the interest rate necessary to discount the expected future cash flows to the new basis. If the security is non-income producing, any cash proceeds are applied as a reduction of principal when received. Recognition of Premium Revenues All of the property and casualty policies written by our insurance companies are considered short-duration contracts. These policy premiums are earned on a daily pro-rata basis, net of reinsurance, over the term of the policy, which are primarily twelve months in duration. The portion of premiums written that relate to the unexpired terms of policies in force are deferred and reported as unearned premium at the balance sheet date. Reinsurance Reinsurance premiums, commissions, losses and loss adjustment expenses ("LAE") on reinsured business are accounted for on a basis consistent with that used in accounting for the original policies issued and the terms of the reinsurance contracts. The amounts reported as reinsurance recoverables include amounts billed to reinsurers on losses and LAE paid as well as estimates of amounts expected to be recovered from reinsurers on insurance liabilities that have not yet been paid. Reinsurance recoverables on unpaid losses and LAE are estimated based upon assumptions consistent with those used in establishing the gross liabilities as they are applied to the underlying reinsured contracts. The Company records an allowance for uncollectible reinsurance recoverables based on an assessment of the reinsurer’s creditworthiness and collectability of the recorded amounts. Management believes an allowance for uncollectible recoverables from its reinsurers was not necessary for the periods presented. The Company receives ceding commissions in connection with certain ceded reinsurance. The ceding commissions are recorded as a reduction of policy acquisition costs. In 2017, the Company entered into an adverse development cover reinsurance agreement (the "ADC"). The ADC is a retroactive reinsurance contract. If the cumulative losses and loss adjustment expenses ceded under the ADC exceed the consideration paid, the resulting gain from such excess is deferred and amortized into earnings in future periods using the interest method. In any period in which there is a gain position and a revised estimate of claim and allocated claim adjustment expenses, a portion of the deferred gain is cumulatively recognized in earnings as if the revised estimate was available at the inception date of the ADC. As of December 31, 2019, the deferred gain on the ADC was fully recognized. Deferred Policy Acquisition Costs Costs incurred which are incremental and directly related to the successful acquisition of new or renewal insurance business is deferred. These deferred costs consist of commissions paid to agents (net of ceding commissions), premium taxes, and underwriting costs, including compensation and payroll related benefits. Proceeds from reinsurance transactions that represent recovery of acquisition costs reduce applicable unamortized acquisition costs in such a manner that net acquisition costs are capitalized and charged to expense . Amortization of such policy acquisition costs is charged to expense in proportion to premium earned over the estimated policy term. To the extent that unearned premiums on existing policies are not adequate to cover the sum of expected losses and LAE, unamortized acquisition costs and policy maintenance costs, unamortized deferred policy acquisition costs are charged to expense to the extent required to eliminate the premium deficiency. If the premium deficiency is greater than the unamortized policy acquisition costs, a liability is recorded for any such deficiency. The Company considers anticipated investment income in determining whether a premium deficiency exists. Management performs this evaluation at each insurance product line level. Unpaid Losses and Loss Adjustment Expenses The liability for unpaid losses and LAE in the Consolidated Balance Sheets represents the Company’s estimate of the amount it expects to pay for the ultimate cost of all losses and LAE incurred that remain unpaid at the balance sheet date. The liability is recorded on an undiscounted basis, except for the liability for unpaid losses and LAE assumed related to acquired companies which are initially recorded at fair value. The process of estimating the liability for unpaid losses and LAE is a complex process that requires a high degree of judgment. The liability for unpaid losses and LAE represents the accumulation of individual case estimates for reported losses and LAE, and actuarially determined estimates for incurred but not reported losses and LAE. The liability for unpaid losses and LAE is intended to include the ultimate net cost of all losses and LAE incurred but unpaid as of the balance sheet date. The liability is stated net of anticipated deductibles, salvage and subrogation, and gross of reinsurance ceded. The estimate of the unpaid losses and LAE liability is continually reviewed and updated. Although management believes the liability for losses and LAE is reasonable, the ultimate liability may be more or less than the current estimate. The estimation of ultimate liability for unpaid losses and LAE is a complex, imprecise and inherently uncertain process, and therefore involves a considerable degree of judgment and expertise. The Company utilizes various actuarially‑accepted reserving methodologies in deriving the continuum of expected outcomes and ultimately determining its estimated liability amount. These methodologies utilize various inputs, including but not limited to written and earned premiums, paid and reported losses and LAE, expected initial loss and LAE ratio, which is the ratio of incurred losses and LAE to earned premiums, and expected claim reporting and payout patterns (including company-specific and industry data). The liability for unpaid loss and LAE does not represent an exact measurement of liability, but is an estimate that is not directly or precisely quantifiable, particularly on a prospective basis, and is subject to a significant degree of variability over time. In addition, the establishment of the liability for unpaid losses and LAE makes no provision for the broadening of coverage by legislative action or judicial interpretation or for the extraordinary future emergence of new types of losses not sufficiently represented in the Company’s historical experience or which cannot yet be quantified. As a result, an integral component of estimating the liability for unpaid losses and LAE is the use of informed subjective estimates and judgments about the ultimate exposure to unpaid losses and LAE. The effects of changes in the estimated liability are included in the results of operations in the period in which the estimates are revised. The Company allocates the applicable portion of the unpaid losses and LAE to amounts recoverable from reinsurers under reinsurance contracts and reports those amounts separately as assets on the consolidated balance sheets. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax-credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are recognized to the extent that there is sufficient positive evidence, as allowed under the Accounting Standard Codification ("ASC") 740, Income Taxes, Company establishes a valuation allowance to the extent that there is insufficient evidence to support the recoverability of the deferred tax asset under ASC 740. In making such a determination, management considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax ‑planning strategies, and results of recent operations. If it is determined that the deferred tax assets would be realizable in the future in excess of their net recorded amount, an adjustment would be made to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes As of December 31, 2021 and 2020, the Company did not have any unrecognized tax benefits and had no accrued interest or penalties related to uncertain tax positions. Other Income Other income consists primarily of fees charged to policyholders by the Company for services outside of the premium charge, such as installment billings or policy issuance costs. Commission income is also received by the Company’s insurance agencies for writing policies for third party insurance companies. The Company recognizes commission income on the later of the effective date of the policy, the date when the premium can be reasonably established, or the date when substantially all services related to the insurance placement have been rendered. Operating Expenses Operating expenses consist primarily of other underwriting, compensation and benefits, information technology, facility and other administrative expenses. Accounting Guidance Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848)

Sale of Certain Agency Business

Sale of Certain Agency Business	12 Months Ended
	Dec. 31, 2021
Disclosure Text Block [Abstract]
Sale of Certain Agency Business	2. Sale of Certain Agency Business On June 30, 2021, Sycamore Insurance Agency sold to Venture Agency Holdings, Inc. the customer accounts and other related assets of some of its personal and commercial lines of business, hereby referred to as the (“Venture Transaction”). The customer accounts consist substantially of new and renewal rights and customer lists of the agency. Sycamore will continue to produce various personal and commercial lines that it did not sell to Venture, which is substantially all produced for, and underwritten by, the Insurance Company Subsidiaries. The Company recognized an $ 8.9 million gain on the sale which is reflected in Other Gains on the Consolidated Statements of Operations. The purchase price was $10.0 million of which $1.0 million was paid in cash on June 30, 2021, and $9.0 million was in the form of two promissory notes (one for $6.0 million and one for $3.0 million). Both notes require interest-only quarterly payments at a per annum rate of 7.0%, with a five-year The assets sold included the customer accounts of substantially all of the personal lines business and a small subset of the commercial lines business underwritten by the Insurance Company Subsidiaries, and all of the customer accounts Sycamore produced for third-party insurers. The transaction included the transition of 21 employees from Conifer to Venture as well as necessary systems and office functions to operate the business. Venture is not assuming any in-force business or liabilities.

Investments

Investments	12 Months Ended
	Dec. 31, 2021
Investments Debt And Equity Securities [Abstract]
Investments	3. Investments The cost or amortized cost, gross unrealized gain or loss, and estimated fair value of the investments in securities classified as available-for-sale at December 31, 2021 and 2020 were as follows (dollars in thousands): December 31, 2021 Cost or Gross Unrealized Amortized Cost Gains Losses Estimated Fair Value Debt securities: U.S. Government $ 20,723 $ 74 $ (77 ) $ 20,720 State and local government 30,063 555 (189 ) 30,429 Corporate debt 30,808 88 (550 ) 30,346 Asset-backed securities 28,652 10 (224 ) 28,438 Mortgage-backed securities 33,178 105 (762 ) 32,521 Commercial mortgage-backed securities 1,659 31 — 1,690 Collateralized mortgage obligations 5,649 35 (45 ) 5,639 Total debt securities available for sale $ 150,732 $ 898 $ (1,847 ) $ 149,783 December 31, 2020 Cost or Gross Unrealized Amortized Cost Gains Losses Estimated Fair Value Debt securities: U.S. Government $ 30,743 $ 225 $ (1 ) $ 30,967 State and local government 32,253 1,040 (28 ) 33,265 Corporate debt 19,015 311 (23 ) 19,303 Asset-backed securities 20,987 49 (73 ) 20,963 Mortgage-backed securities 38,512 345 (3 ) 38,854 Commercial mortgage-backed securities 2,083 65 (22 ) 2,126 Collateralized mortgage obligations 6,361 161 (1 ) 6,521 Total debt securities available for sale $ 149,954 $ 2,196 $ (151 ) $ 151,999 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 (dollars in thousands): December 31, 2021 Less than 12 months 12 months or More 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 6 $ 10,323 $ (47 ) 1 $ 4,728 $ (30 ) 7 $ 15,051 $ (77 ) State and local government 41 8,875 (172 ) 4 446 (17 ) 45 9,321 (189 ) Corporate debt 41 22,748 (505 ) 1 705 (45 ) 42 23,453 (550 ) Asset-backed securities 24 24,305 (219 ) 2 1,893 (5 ) 26 26,198 (224 ) Mortgage-backed securities 12 27,034 (762 ) - - - 12 27,034 (762 ) Commercial mortgage -backed securities - - - - - - - - - Collateralized mortgage obligations 10 2,638 (45 ) 2 29 - 12 2,667 (45 ) Total debt securities available for sale 134 95,923 (1,750 ) 10 7,801 (97 ) 144 103,724 (1,847 ) December 31, 2020 Less than 12 months 12 months or More 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 2 $ 6,764 $ (1 ) — $ — $ — 2 $ 6,764 $ (1 ) State and local government 16 3,905 (28 ) — — — 16 3,905 (28 ) Corporate debt 2 1,051 (23 ) — — — 2 1,051 (23 ) Asset-backed securities 7 6,050 (34 ) 11 6,551 (39 ) 18 12,601 (73 ) Mortgage-backed securities 2 1,652 (3 ) — — — 2 1,652 (3 ) Commercial mortgage -backed securities 1 899 (22 ) — — — 1 899 (22 ) Collateralized mortgage obligations 2 195 (1 ) — — — 2 195 (1 ) Total debt securities available for sale 32 $ 20,516 $ (112 ) 11 $ 6,551 $ (39 ) 43 $ 27,067 $ (151 ) The Company analyzed its investment portfolio in accordance with its OTTI review procedures and determined the Company did not need to record a credit-related OTTI loss, nor recognize a non credit-related OTTI loss in other comprehensive income for the years ended December 31, 2021, 2020, and 2019. The Company’s sources of net investment income are as follows (dollars in thousands): December 31, 2021 2020 2019 Debt securities $ 2,217 $ 3,213 $ 3,476 Equity securities 194 220 352 Cash, cash equivalents, and short-term investments 2 138 487 Total investment income 2,413 3,571 4,315 Investment expenses (445 ) (415 ) (284 ) Net investment income $ 1,968 $ 3,156 $ 4,031 The following table summarizes the gross realized gains and losses from sales or maturities of available-for-sale debt securities and equity securities, as follows (dollars in thousands): December 31, 2021 2020 2019 Debt securities: Gross realized gains $ 63 $ 4,646 $ 269 Gross realized losses (6 ) (8 ) (54 ) Total debt securities 57 4,638 215 Equity securities: Gross realized gains 4,605 4,854 1,020 Gross realized losses (1,784 ) (1,366 ) (39 ) Total equity securities 2,821 3,488 981 Total net realized investment gains $ 2,878 $ 8,126 $ 1,196 Proceeds from the sales of available-for-sale securities were $31.7 million, $101.2 million and $33.7 million for the years ended December 31, 2021, 2020, and 2019, respectively. The gross realized gains from sales of available-for-sale securities for the years ended December 31, 2021, 2020, and 2019 were $27,000, $4.6 million, and $274,000, respectively. The gross realized losses from sales of available-for-sale securities for the years ended December 31, 2021, 2020, and 2019 were $6,000, $0, and $53,000, respectively. As of December 31, 2021, 2020, and 2019 there were $1.0 million, $1.7 million, and $2.1 million of payables from securities purchased, respectively. As of December 31, 2021, 2020, and 2019 there were $523,000, $809,000, and $6,000 of receivables from securities sold, 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 2021 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 value of these investments as of December 31, 2021 were $1.2 million. The table below summarizes the amortized cost and fair value of available-for-sale debt securities by contractual maturity at December 31, 2021. 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 $ 13,029 $ 13,046 Due after one year through five years 28,582 28,622 Due after five years through ten years 22,984 22,727 Due after ten years 16,999 17,100 Securities with contractual maturities 81,594 81,495 Asset-backed securities 28,652 28,438 Mortgage-backed securities 33,178 32,521 Commercial mortgage-backed securities 1,659 1,690 Collateralized mortgage obligations 5,649 5,639 Total debt securities $ 150,732 $ 149,783 At December 31, 2021 and 2020, the Insurance Companies Subsidiaries had an aggregate of $8.5 million and $8.8 million, respectively, on deposit in trust accounts to meet the deposit requirements of various state insurance departments. At December 31, 2021 and 2020, the Company had $76.1 million and $67.6 million held in trust accounts to meet collateral requirements with other third-party insurers, relating to various fronting arrangements. There are withdrawal and other restrictions on these deposits, including the type of investments that may be held, however, the Company may generally invest in high-grade bonds and short-term investments and earn interest on the funds.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	4. Fair Value Measurements The Company’s financial instruments include assets carried at fair value, as well as debt carried at face value, net of unamortized debt issuance costs, but disclosed at fair value in this note. Fair value is defined as the price that would be received for an asset or paid to transfer a liability in the principal most advantageous market for the asset or liability in an orderly transaction between market participants. In determining fair value, the Company applies the market approach, which uses prices and other relevant data based on market transactions involving identical or comparable assets and liabilities. The inputs to valuation techniques used to measure fair value are prioritized into a three-level hierarchy. The hierarchy gives the highest priority to quoted prices from sources independent of the reporting entity (“observable inputs”) and the lowest priority to prices determined by the reporting entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (“unobservable inputs”). The fair value hierarchy is as follows: Level 1 —Valuations that are based on quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 —Valuations that are based on observable inputs (other than Level 1 prices) such as quoted prices for similar assets or liabilities at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 —Unobservable inputs that are supported by little or no market activity. The unobservable inputs represent the Company’s best assumption of how market participants would price the assets or liabilities. 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, classified by the valuation hierarchy as of December 31, 2021 and 2020 (dollars in thousands): December 31, 2021 Fair Value Measurements Using Total Level 1 Level 2 Level 3 Assets: Debt Securities: U.S. Government $ 20,720 $ — $ 20,720 $ — State and local government 30,429 — 30,429 — Corporate debt 30,346 — 30,346 — Asset-backed securities 28,438 — 28,438 — Mortgage-backed securities 32,521 — 32,521 — Commercial mortgage-backed securities 1,690 — 1,690 — Collateralized mortgage obligations 5,639 — 5,639 — Total debt securities 149,783 — 149,783 — Equity Securities 9,437 9,154 283 — Short-term investments 23,013 23,013 — — Total marketable investments measured at fair value $ 182,233 $ 32,167 $ 150,066 $ — Investments measured at NAV: Investment in limited partnership 494 Total assets measured at fair value $ 182,727 Liabilities: Senior Unsecured Notes * $ 24,118 $ — $ 24,118 $ — Subordinated Notes * 11,704 — — 11,704 Total Liabilities measured at fair value $ 35,822 $ — $ 24,118 $ 11,704 * Carried at face value of debt net of unamortized debt issuance costs on the consolidated balance sheet December 31, 2020 Fair Value Measurements Using Total Level 1 Level 2 Level 3 Assets: Debt Securities: U.S. Government $ 30,967 $ — $ 30,967 $ — State and local government 33,265 — 33,265 — Corporate debt 19,303 — 19,303 — Asset-backed securities 20,963 — 20,963 — Mortgage-backed securities 38,854 — 38,854 — Commercial mortgage-backed securities 2,126 — 2,126 — Collateralized mortgage obligations 6,521 — 6,521 — Total debt securities 151,999 — 151,999 — Equity Securities 17,336 17,053 283 — Short-term investments 13,317 13,317 — — Total marketable investments measured at fair value $ 182,652 $ 30,370 $ 152,282 $ — Investments measured at NAV: Investment in limited partnership 555 Total assets measured at fair value $ 183,207 Liabilities: Senior Unsecured Notes * $ 20,675 $ — $ 20,675 $ — Subordinated Notes * 11,616 — — 11,616 Line of credit * 5,000 — 5,000 — Paycheck Protection Program loan * 2,745 — 2,745 — Total Liabilities measured at fair value $ 40,036 $ — $ 28,420 $ 11,616 * 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 17.6% of the fair value of the total investment portfolio as of December 31, 2021. Level 2 investments include debt securities and equity 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 82.1% of the fair value of the total investment portfolio as of December 31, 2021. The Company obtains pricing for each security from independent pricing services, investment managers or consultants to assist in determining fair value for its Level 2 investments. To validate that these quoted prices are reasonable estimates of fair value, the Company performs various quantitative and qualitative procedures, such as (i) evaluation of the underlying methodologies, (ii) analysis of recent sales activity, (iii) analytical review of our fair values against current market prices and (iv) comparison of the pricing services’ fair value to other pricing services’ fair value for the same investment. No markets for the investments were determined to be inactive at period-ends. Based on these procedures, the Company did not adjust the prices or quotes provided from independent pricing services, investment managers or consultants. As of December 31, 2021 and 2020 , Level 3 liabilities are entirely comprised of the Company's S ubordinated N otes . In determining the fair value of the S ubordinated Notes outstanding at December 31, 2021 and 20 20 , the security attributes (issue date, maturity, coupon, calls, etc.) and market rates on September 24, 2018 (the date of the restated and amended agreement which was repriced at that time) were entered 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 entered back into the model along with the December 31, 2021 and 20 20 , U.S. Treasury rates , respectively . 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	12 Months Ended
	Dec. 31, 2021
Deferred Policy Acquisition Costs Disclosures [Abstract]
Deferred Policy Acquisition Costs	5. Deferred Policy Acquisition Costs The Company defers costs incurred which are incremental and directly related to the successful acquisition of new or renewal insurance business, net of corresponding amounts of ceded reinsurance commissions. Net deferred policy acquisition costs are amortized and charged to expense in proportion to premium earned over the estimated policy term. The Company anticipates that its deferred policy acquisition costs will be fully recoverable and there were no premium deficiencies for the years December 31, 2021, 2020, and 2019. The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): December 31, 2021 2020 2019 Balance at beginning of period $ 12,243 $ 11,906 $ 12,011 Deferred policy acquisition costs 28,475 26,442 24,806 Amortization of policy acquisition costs (28,451 ) (26,105 ) (24,911 ) Net change 24 337 (105 ) Balance at end of period $ 12,267 $ 12,243 $ 11,906

Unpaid Losses and Loss Adjustme

Unpaid Losses and Loss Adjustment Expenses	12 Months Ended
	Dec. 31, 2021
Insurance Loss Reserves [Abstract]
Unpaid Losses and Loss Adjustment Expenses	6. Unpaid Losses and Loss Adjustment Expenses The Company establishes reserves for unpaid losses and LAE which represent the estimated ultimate cost of all losses incurred that were both reported and unreported (i.e., incurred but not yet reported losses, or “IBNR”) and LAE incurred that remain unpaid at the balance sheet date. The Company’s reserving process takes into account known facts and interpretations of circumstances and factors including the Company’s experience with similar cases, actual claims paid, historical trends involving claim payment patterns and pending levels of unpaid claims, loss management programs, product mix and contractual terms, changes in law and regulation, judicial decisions, and economic conditions. In the normal course of business, the Company may also supplement its claims processes by utilizing third party adjusters, appraisers, engineers, inspectors, and other professionals and information sources to assess and settle catastrophe and non-catastrophe related claims. The effects of inflation are implicitly considered in the reserving process. Reserves are estimates of unpaid portions of losses that have occurred, including IBNR losses, therefore the establishment of appropriate reserves, is an inherently uncertain and complex process. The ultimate cost of losses may vary materially from recorded amounts, which are based on management’s best estimates. The highest degree of uncertainty is associated with reserves for losses incurred in the current reporting period as it contains the greatest proportion of losses that have not been reported or settled. The Company regularly updates its reserve estimates as new information becomes available and as events unfold that may affect the resolution of unsettled claims. Changes in prior year reserve estimates, which may be material, are reported in the results of operations in the period such changes are determined to be needed and recorded. Management believes that the reserve for losses and LAE, net of reinsurance recoverables, is appropriately established in the aggregate and adequate to cover the ultimate net cost of reported and unreported claims arising from losses which had occurred by the date of the consolidated financial statements based on available facts and in accordance with applicable laws and regulations. The table below provides the changes in the reserves for losses and LAE, net of recoverables from reinsurers, for the periods indicated (dollars in thousands): December 31, 2021 2020 2019 Gross reserves - beginning of period $ 111,270 $ 107,246 $ 92,807 Less: reinsurance recoverables on unpaid losses 24,218 22,579 29,685 Plus: deferred gain on ADC — — (5,677 ) Net reserves - beginning of period 87,052 84,667 68,799 Add: incurred losses and loss adjustment expenses, net of reinsurance Current period 50,429 40,634 49,192 Prior period 19,432 15,594 10,552 Total net incurred losses and loss adjustment expenses 69,861 56,228 59,744 Deduct: loss and loss adjustment expense payments, net of reinsurance Current period 18,984 13,599 14,357 Prior period 39,188 40,244 29,519 Total net loss and loss adjustment expense payments 58,172 53,843 43,876 Net reserves - end of period 98,741 87,052 84,667 Plus: reinsurance recoverables on unpaid losses 40,344 24,218 22,579 Less: deferred gain on ADC — — — Gross reserves - end of period $ 139,085 $ 111,270 $ 107,246 There was $19.4 million, $15.6 million, and $10.6 million of adverse development on prior accident year reserves in 2021, 2020 and 2019, respectively. There were no significant changes in the key methods utilized in the analysis and calculations of the Company’s reserves during 2021, 2020 or 2019. In 2021, the adverse development consisted of $18.5 million from commercial lines and $957,000 from personal lines. Of the $18.5 million of adverse development in commercial lines, the Company experienced $12.0 million and $6.5 million of adverse development in its hospitality and small business lines of business, respectively. The Company experienced $2.0 million of catastrophe losses, net of reinsurance recoverables, during the first quarter of 2021 from winter Storm Uri. In 2020, the adverse development consisted of $15.2 million from commercial lines and $352,000 from personal lines. Of the $15.2 million of adverse development in commercial lines, the Company experienced $12.0 million and $3.2 million of adverse development in its hospitality and small business lines of business, respectively. The $352,000 of adverse development in personal lines mostly was related to wind-exposed business. In 2019, the adverse development consisted of $7.6 million from commercial lines and $3.0 million from personal lines. Of the $7.6 million of adverse development in commercial lines, the Company experienced $11.0 million and $2.4 million of adverse development in its hospitality and small business lines of business, respectively. This was offset by the remaining $5.7 million of benefit from the ADC that was recognized in 2019. Of the $3.0 million of adverse development in personal lines in 2019, $1.7 million was related to Florida homeowners business. On September 28, 2017, the Company entered into an ADC reinsurance agreement to cover loss development of up to $17.5 million in excess of stated reserves as of June 30, 2017, for accident years 2005 through 2016. The agreement attached when net losses exceeded $1.4 million of the $36.6 million carried reserves at June 30, 2017, and extended to $19.5 million in coverage up to $57.5 million. The Company retained a 10% co-participation for any development in excess of the retention. As of December 31, 2019, the deferred gain from the ADC was fully utilized. Loss Development Tables The following tables represent cumulative incurred loss and allocated loss adjustment expenses ("ALAE"), net of reinsurance, by accident year and cumulative paid loss and ALAE, net of reinsurance, by accident year, for the years ended December 31, 2012 to 2021, as well as total IBNR and the cumulative number of reported claims for the year ended December 31, 2021, by reportable segment and accident year (dollars in thousands). Commercial Lines Incurred loss and allocated loss adjustment expenses, net of reinsurance Total IBNR Cumulative number of reported claims Accident Year 2012* 2013* 2014* 2015* 2016* 2017* 2018* 2019* 2020* 2021 2021 2021 2012 7,745 6,421 6,288 6,384 6,253 6,190 6,209 6,209 6,245 6,255 — 571 2013 10,018 9,435 9,893 10,237 11,252 11,218 11,624 11,804 11,867 40 612 2014 19,709 19,907 22,711 26,367 28,145 28,766 29,045 29,175 125 1,753 2015 22,442 26,633 31,861 34,478 36,372 37,795 38,824 293 2,361 2016 32,396 34,935 40,440 44,355 46,089 46,993 620 3,556 2017 44,251 44,495 49,749 51,883 55,589 1,451 5,828 2018 42,624 42,432 49,741 55,261 1,901 6,113 2019 41,286 42,129 46,329 3,640 6,288 2020 33,867 35,328 7,268 3,782 2021 40,388 16,483 2,559 Total $ 366,009 $ 31,821 Cumulative paid loss and allocated loss adjustment expenses, net of reinsurance Accident Year 2012* 2013* 2014* 2015* 2016* 2017* 2018* 2019* 2020* 2021 2012 2,325 3,703 4,696 5,558 5,994 6,065 6,209 6,209 6,245 6,246 2013 3,979 6,211 7,643 8,622 10,147 10,650 11,137 11,620 11,702 2014 8,715 13,977 17,458 22,446 25,609 27,544 28,389 28,648 2015 10,470 17,817 22,549 30,475 34,497 35,833 37,563 2016 10,255 19,135 27,785 37,967 41,945 43,644 2017 12,448 23,020 34,205 42,308 47,148 2018 10,375 19,799 31,633 41,577 2019 10,078 20,462 28,958 2020 10,217 17,332 2021 12,870 Total $ 275,688 Unpaid losses and ALAE, years 2012 through 2021 $ 90,321 Unpaid losses and ALAE, prior to 2012 * 141 Unpaid losses and ALAE, net of reinsurance $ 90,462 * Presented as unaudited required supplementary information. Personal Lines Incurred loss and allocated loss adjustment expenses, net of reinsurance Total IBNR Cumulative number of reported claims Accident For the years ended December 31, Year 2012* 2013* 2014* 2015* 2016* 2017* 2018* 2019* 2020* 2021 2021 2021 2012 9,960 11,690 11,740 12,159 12,390 12,365 12,357 12,369 12,382 12,450 — 3,339 2013 18,034 17,996 18,925 19,138 19,167 19,202 19,222 19,226 19,227 — 5,208 2014 17,951 17,471 17,735 17,880 17,929 18,082 18,095 18,097 — 3,737 2015 10,877 13,445 14,721 15,285 15,364 15,427 15,427 — 2,152 2016 11,619 13,418 14,949 15,550 15,655 15,634 — 1,814 2017 14,058 13,550 14,493 14,793 14,911 — 2,916 2018 5,893 6,378 6,283 6,382 — 802 2019 3,099 2,712 2,898 — 341 2020 2,339 2,590 107 365 2021 4,409 774 534 Total $ 112,025 $ 881 Cumulative paid loss and allocated loss adjustment expenses, net of reinsurance Accident For the years ended December 31, Year 2012* 2013* 2014* 2015* 2016* 2017* 2018* 2019* 2020* 2021 2012 5,665 9,251 10,844 11,777 12,202 12,306 12,329 12,349 12,382 12,450 2013 9,955 15,883 18,052 18,600 19,014 19,174 19,214 19,222 19,227 2014 12,819 16,515 17,260 17,746 17,855 18,047 18,068 18,070 2015 7,771 11,873 13,844 15,159 15,250 15,290 15,416 2016 7,119 11,238 14,442 15,110 15,351 15,452 2017 8,320 12,944 14,004 14,526 14,866 2018 4,296 5,618 6,100 6,242 2019 2,119 2,604 2,692 2020 1,307 2,455 2021 3,022 Total $ 109,892 Unpaid losses and ALAE, years 2012 through 2021 $ 2,133 Unpaid losses and ALAE, prior to 2012 * — Unpaid losses and ALAE, net of reinsurance $ 2,133 * Presented as unaudited required supplementary information. Total Lines Incurred loss and allocated loss adjustment expenses, net of reinsurance Total IBNR Cumulative number of reported claims Accident For the years ended December 31, Year 2012* 2013* 2014* 2015* 2016* 2017* 2018* 2019* 2020* 2021 2021 2021 2012 17,705 18,111 18,028 18,544 18,642 18,554 18,566 18,578 18,627 18,705 — 3,910 2013 28,052 27,431 28,817 29,375 30,419 30,420 30,846 31,030 31,094 40 5,820 2014 37,660 37,378 40,446 44,247 46,074 46,848 47,140 47,272 125 5,490 2015 33,319 40,078 46,581 49,763 51,736 53,222 54,251 293 4,513 2016 44,015 48,353 55,389 59,905 61,744 62,627 620 5,370 2017 58,309 58,045 64,242 66,676 70,500 1,451 8,744 2018 48,517 48,810 56,024 61,643 1,901 6,915 2019 44,385 44,841 49,227 3,640 6,629 2020 36,206 37,918 7,375 4,147 2021 44,797 17,257 3,093 Total 478,034 32,702 Cumulative paid loss and allocated loss adjustment expenses, net of reinsurance Accident For the years ended December 31, Year 2012* 2013* 2014* 2015* 2016* 2017* 2018* 2019* 2020* 2021 2012 7,990 12,954 15,540 17,335 18,195 18,369 18,538 18,558 18,627 18,696 2013 13,934 22,094 25,695 27,223 29,162 29,824 30,351 30,842 30,929 2014 21,534 30,492 34,718 40,192 43,464 45,591 46,457 46,718 2015 18,241 29,690 36,393 45,634 49,747 51,123 52,979 2016 17,374 30,373 42,227 53,077 57,296 59,096 2017 20,768 35,964 48,209 56,834 62,014 2018 14,671 25,417 37,733 47,819 2019 12,197 23,066 31,650 2020 11,524 19,787 2021 15,892 Total $ 385,580 Unpaid losses and ALAE, years 2012 through 2021 $ 92,454 Unpaid losses and ALAE, prior to 2012 * $ 141 Unpaid losses and ALAE, net of reinsurance $ 92,595 * Presented as unaudited required supplementary information. The following table reconciles the loss development information to the consolidated balance sheet for the year ended December 31, 2021, by reportable segment (dollars in thousands). December 31, 2021 Net unpaid losses claims and ALAE Commercial Lines $ 90,462 Personal Lines 2,133 Total unpaid losses and LAE, net of reinsurance 92,595 Reinsurance recoverable on losses and LAE Commercial Lines 38,584 Personal Lines 1,760 Total reinsurance recoverable on unpaid losses and LAE 40,344 ULAE expense 6,146 Total gross unpaid losses and LAE $ 139,085 Loss Duration Disclosure (unaudited) The following table represents the average annual percentage payout of incurred losses by age, net of reinsurance, for each reportable segment. Average annual percentage payout of incurred losses by age, net of reinsurance Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10+ Commercial Lines 40.6% 26.4% 17.2% 8.5% 4.1% 2.3% 0.6% 0.2% 0.1% 0.0% Personal Lines 47.6% 23.5% 15.6% 11.9% 1.0% 0.3% 0.0% 0.1% 0.0% 0.0% Total Lines 40.8% 26.3% 17.1% 8.6% 4.0% 2.3% 0.6% 0.2% 0.1% 0.0%

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2021
Reinsurance Disclosures [Abstract]
Reinsurance	7. Reinsurance In the normal course of business, the Company participates in reinsurance agreements in order to limit losses that may arise from catastrophes or other individually severe events. The Company primarily ceded all specific commercial liability risks in excess of $400,000 in 2021, 2020, and 2019. The Company ceded specific commercial property risks in excess of $200,000 in 2021. The Company ceded 40% of specific commercial property risks in excess of $400,000 and 60% in excess of $300,000 in both 2020 and 2019. The Company ceded homeowners specific risks in excess of $300,000 in 2021, 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. The Company receives a ceding commission on its quota share treaties. Effective December 31, 2021, the Company entered into a new specific commercial liability treaty, which includes a 40% ceding commission. This resulted in $1.8 million of ceding commission, which is deferred until the related premiums are earned. Reinsurance does not discharge the Company, as the direct insurer, from liability to its policyholders. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company evaluates the financial condition of its reinsurers and monitors the concentration of credit risk arising from similar geographic regions, activities, or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. To date, the Company has not experienced any significant difficulties in collecting reinsurance recoverables. The Company's current reinsurance structure includes the following primary categories: Casualty Clash • Effective January 1, 2019 through December 31, 2021, the Company was party to a workers' compensation and casualty clash reinsurance treaty with a limit of $19.0 million in excess of a $1.0 million retention. Effective January 1, 2021 through December 31, 2021, the Company ceded 87.0% of its casualty clash risks with a limit of $10.0 million in excess of a $20.0 million retention. Clash coverage is a type of reinsurance that provides additional coverage in the event that one casualty loss event results in two or more claims and recovery under the reinsurance treaties may otherwise be limited due to the amount, type or number of claims. Clash reinsurance further protects the balance sheet as it reduces the potential maximum loss on either a single risk or a large number of risks. Facultative • The Company was party to a facultative reinsurance agreement with a large reinsurer for property risks with total insured values above the other reinsurance treaty limits. Liability • Effective January 1, 2019 through December 31, 2021, the Company was party to an excess of loss reinsurance treaty for commercial liability coverage with a limit of $600,000 in excess of $400,000. Property • Effective January 1, 2020 through December 31, 2021, the Company was party to an excess of loss reinsurance treaty for personal property coverage with a limit of $1.7 million in excess of $300,000, for homeowners' and dwelling fire business. • Effective November 1, 2014 through December 31, 2019, the Company was party to an excess of loss reinsurance treaty for personal property coverage with a limit of $2.7 million in excess of $300,000, for homeowners' and dwelling fire business. • Effective January 1, 2021 through December 31, 2021, the Company was party to an excess of loss reinsurance treaty for commercial property coverage with a limit of $7.8 million in excess of $200,000. • Effective January 1, 2020 through December 31, 2020, the Company was party to an excess of loss reinsurance treaty for commercial property coverage with a limit of $7.7 million in excess of $300,000. • Effective January 1, 2019 through December 31, 2019, the Company was party to an excess of loss reinsurance treaty for commercial property coverage with a limit of $3.7 million in excess of $300,000. • At December 31, 2021, the Company was covered for property catastrophe losses up to $28.0 million in excess of a $2.0 million retention for the first event. This treaty terminates on June 1, 2022. • At December 31, 2020, the Company was covered for property catastrophe losses up to $28.0 million in excess of a $2.0 million retention for the first event. This treaty terminated on June 1, 2021. • At December 31, 2019, the Company was covered for property catastrophe losses up to $28.0 million in excess of a $2.0 million retention for the first event. The treaty terminated on June 1, 2020. Multiple Line • Effective January 1, 2019 through December 31, 2021, the Company was party to a multi-line excess of loss treaty that covers commercial property and casualty losses up to $600,000 in excess of a $400,000 retention. Quota Share • The Company cedes 90% to 100% of its commercial umbrella coverages under quota share treaties. Under a quota share agreement, the reinsurer pays a percentage of all losses the insurer sustains in return for a similar percent of the premiums written on that risk. A ceding commission is paid by the reinsurer to the insurer to cover acquisition and operating expenses. Equipment Breakdown, Employment Practice Liability, and Data Compromise and Identity Recovery • The Company ceded 100% of a small number of equipment breakdown, employment practices liability, and data compromise coverages that are occasionally bundled with other products under a quota share agreement with a reinsurer. The Company assumes written premiums under a few fronting arrangements. The fronting arrangements are with unaffiliated insurers who write on behalf of the Company in markets that require a higher A.M. Best rating than the Company’s rating, or where the policies are written in a state where the Company is not licensed or for other strategic reasons. The Company assumed $34.3 million, $28.9 million, and $33.5 million of written premiums under the insurance fronting arrangements for the years ended December 31, 2021, 2020 and 2019, respectively. The following table presents the effects of reinsurance and assumption transactions on written premiums, earned premiums and losses and LAE (dollars in thousands). The 2021, 2020 and 2019 ceded written and earned premium amounts include $86,000, $195,000 and $495,000 of reinsurance reinstatement costs relating to Hurricane Irma, respectively. In 2021, ceded written and earned amounts include $340,000 of reinsurance reinstatement costs relating to Winter Storm Uri. Year Ended December 31, 2021 2020 2019 Written premiums: Direct $ 97,801 $ 82,430 $ 68,394 Assumed 34,294 28,905 33,459 Ceded (30,666 ) (18,395 ) (14,129 ) Net written premiums $ 101,429 $ 92,940 $ 87,724 Earned premiums: Direct $ 91,943 $ 75,130 $ 70,911 Assumed 31,107 31,484 32,292 Ceded (24,248 ) (17,511 ) (14,114 ) Net earned premiums $ 98,802 $ 89,103 $ 89,089 Loss and loss adjustment expenses: Direct $ 71,021 $ 48,780 $ 66,256 Assumed 25,740 24,429 25,510 Ceded (26,900 ) (16,981 ) (32,022 ) Net loss and LAE $ 69,861 $ 56,228 $ 59,744

Debt

Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt	8. Debt As of December 31, 2021, the Company’s debt is comprised of three instruments: $24.4 million of publicly traded senior unsecured notes which were issued in 2018, a $10.0 million line of credit which commenced in June 2018, and $10.5 million of privately placed Subordinated Notes. A summary of the Company's outstanding debt is as follows (dollars in thousands): December 31, 2021 2020 Senior unsecured notes $ 23,926 $ 23,665 Subordinated notes 9,638 9,587 Line of credit — 5,000 Paycheck Protection Program loan — 2,745 Total $ 33,564 $ 40,997 * The PPP loan was embedded into the line of credit facility. See below. Senior unsecured notes The Company issued $25.3 million of Notes in 2018. The Notes bear an interest rate of 6.75% per annum, payable quarterly at the end of March, June, September and December and mature on September 30, 2023. The Company may redeem the Notes, in whole or in part, at face value at any time after September 30, 2021. The Company did not repurchase any of the Notes during 2021. The Company repurchased 36,761 units of the Notes in the public market during 2020 with a face value of $919,000. The Notes were repurchased at a discount to face value, which resulted in a $260,000 gain on extinguishment in 2020. This gain was reflected in the Consolidated Statement of Operations as Other gains. Subordinated Notes The Company also has outstanding $10.5 million of Subordinated Notes maturing on September 30, 2038. The Subordinated Notes bear an interest 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. As of December 31, 2021, the carrying value of the Notes and Subordinated Notes are offset by $455,000 and $862,000 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 financial debt 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 December 31, 2021, the Company was in compliance with all of its financial debt covenants. Line of credit The Company maintains a $10.0 million line of credit with a national bank (the “Lender”). The line of credit bears interest at LIBOR plus 2.75% per annum, payable monthly. The agreement includes several financial debt covenants, including a minimum tangible net worth, a minimum fixed-charge coverage ratio, and minimum statutory risk-based capital levels. As of December 31, 2021, the Company had no outstanding balance on the Company’s line of credit (including the PPP loan described below) and was in compliance with all of its financial debt covenants. On June 18, 2021, the line of credit was renewed with a maturity of December 1, 2022. Paycheck Protection Program loan On April 24, 2020, the Company received a $2.7 million loan from the line of credit Lender pursuant to the Paycheck Protection Program of the CARES Act administered by the U.S. Small Business Administration (“SBA”). The Company received notice from the SBA that the loan was 100% forgiven, including accrued interest, on July 8, 2021. This resulted in a $2.8 million gain that is included in Other Gains on the Consolidated Statement of Operations.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes At December 31, 2021, the Company had current income tax payable of $34,000 included in other assets in the consolidated balance sheets. At December 31, 2020, the Company had current income tax receivable of $9,000 included in other assets in the consolidated balance sheets. The income tax expense (benefit) is comprised of the following (dollars in thousands): Year Ended December 31, 2021 2020 2019 Current tax expense (benefit) $ 208 $ 6 $ 27 Deferred tax expense (benefit) — — (940 ) Total income tax expense (benefit) $ 208 $ 6 $ (913 ) The income tax expense (benefit) differed from the amounts computed by applying the statutory U.S. federal income tax rate of 21% in 2021, 2020 and 2019 to pretax income as a result of the following (dollars in thousands): Year Ended December 31, 2021 2020 2019 Income (loss) before income taxes $ (1,710 ) $ (238 ) $ (9,121 ) Statutory U.S. federal income tax rate (359 ) (50 ) (1,915 ) State income taxes, net of federal benefit 174 44 (230 ) Tax‑exempt investment income and dividend received deduction (40 ) (50 ) (79 ) Nondeductible meals and entertainment 33 23 38 Valuation allowance on deferred tax assets 676 (205 ) 966 Equity-earnings from Affiliate 170 88 81 PPP Loan forgiveness (578 ) — — Other 132 156 227 Income tax expense (benefit) $ 208 $ 6 $ (913 ) Effective tax rate (12.2 )% (2.6 )% 10.0 % The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below (dollars in thousands): December 31, 2021 2020 Deferred tax assets: Discounted unpaid losses and loss adjustment expenses $ 1,555 $ 1,359 Unearned premiums 2,561 2,436 Net operating loss carryforwards 12,544 12,443 Net unrealized losses on investments 418 — State net operating loss carryforwards 822 837 Other 102 132 Gross deferred tax assets 18,002 17,207 Less valuation allowance (14,594 ) (13,292 ) Total deferred tax assets, net of allowance 3,408 3,915 Deferred tax liabilities: Investment basis difference 15 30 Tax rate change transition discounting 183 229 Equity investment in Affiliate 470 278 Net unrealized gains on investments — 636 Deferred policy acquisition costs 2,576 2,571 Intangible assets 115 115 Property and equipment 47 52 Other 2 4 Total deferred tax liabilities 3,408 3,915 Net deferred tax liability $ — $ — The net deferred tax liability is recorded in accounts payable and accrued expenses in the consolidated balance sheets. As of December 31, 2021, the Company has NOL carryforwards for federal income tax purposes of $59.7 million, of which $49.8 million expire in tax years 2028 through 2041 and $9.9 million never expire. Of this amount, $12.8 million are limited in the amount that can be utilized in any one year and may expire before they are realized under Section 382 of the Internal Revenue Code. The Company has state net operating loss carryforwards of $17.0 million, which expire in tax years 2022 through 2041. Management assesses the available positive and negative evidence to estimate whether sufficient future taxable income will be generated to permit the use of the existing deferred tax assets under the guidance of ASC 740. A significant piece of objective negative evidence evaluated was the cumulative loss incurred over the three‑year period ended December 31, 2021. Such objective evidence limits the Company's ability to consider other subjective evidence, such as management's projections for future growth. Based on its evaluation, the Company has recorded a valuation allowance of $14.6 million and $13.3 million at December 31, 2021 and 2020, respectively, to reduce the deferred tax assets to an amount that is more likely than not to be realized based on the provisions in ASC 740. The amount of the deferred tax assets considered realizable, however, could be adjusted if estimates of future taxable income during the carryforward period are reduced or if objective negative evidence in the form of cumulative losses is no longer present, and additional weight may be given to subjective evidence, such as the Company’s projections for growth. The Company files consolidated federal income tax returns. For the years before 2018, the Company is no longer subject to U.S. federal examinations; however, the Internal Revenue Service has the ability to review years prior to 2018 to the extent the Company utilized tax attributes carried forward from those prior years. The statute of limitations on state filings is generally three to four years.

Statutory Financial Data, Risk-

Statutory Financial Data, Risk-Based Capital and Dividend Restrictions	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Statutory Financial Data, Risk-Based Capital and Dividend Restrictions	10. Statutory Financial Data, Risk-Based Capital and Dividend Restrictions U.S. state insurance laws and regulations prescribe accounting practices for determining statutory net income and capital and surplus for insurance companies. In addition, state regulators may permit statutory accounting practices that differ from prescribed practices. Statutory accounting practices prescribed or permitted by regulatory authorities for the Company’s Insurance Company Subsidiaries differ from GAAP. The principal differences between statutory accounting practices ("SAP") and GAAP as they relate to the financial statements of the Company’s Insurance Company Subsidiaries are (i) policy acquisition costs are expensed as incurred under SAP, whereas they are deferred and amortized under GAAP, (ii) deferred tax assets are subject to more limitations regarding what amounts can be recorded under SAP and (iii) bonds are recorded at amortized cost under SAP and fair value under GAAP. Risk-Based Capital ("RBC") requirements as promulgated by the National Association of Insurance Commissioners (‘‘NAIC’’) require property and casualty insurers to maintain minimum capitalization levels determined based on formulas incorporating various business risks (e.g., investment risk, underwriting profitability, etc.) of the Insurance Company Subsidiaries. As of December 31, 2021, 2020 and 2019, the Insurance Company Subsidiaries’ adjusted capital and surplus exceeded their authorized control level as determined by the NAIC’s risk-based capital models. Summarized 2021, 2020 and 2019 statutory basis information for the non-captive Insurance Company Subsidiaries, which differs from generally accepted accounting principles, is as follows (dollars in thousands). CIC WPIC 2021 Statutory capital and surplus $ 50,194 $ 23,603 RBC authorized control level 15,868 5,331 Statutory net income (loss) (9,161 ) (614 ) RBC % 316 % 443 % CIC WPIC 2020 Statutory capital and surplus $ 49,271 $ 24,723 RBC authorized control level 14,221 4,547 Statutory net income (loss) 2,059 1,024 RBC % 346 % 544 % CIC WPIC 2019 Statutory capital and surplus $ 46,206 $ 23,261 RBC authorized control level 12,868 4,266 Statutory net income (loss) (3,627 ) (3,652 ) RBC % 359 % 545 % Dividend Restrictions The state insurance statutes in which the Insurance Company Subsidiaries are domiciled limit the amount of dividends that they may pay annually without first obtaining regulatory approval. Generally, the limitations are based on the greater of statutory net income for the preceding year or 10% of statutory surplus at the end of the preceding year. The Insurance Company Subsidiaries must receive regulatory approval in order to pay dividends to the Parent Company from its Insurance Company Subsidiaries.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2021
Stockholders Equity Note [Abstract]
Shareholders' Equity	11. Shareholders’ Equity Common Stock 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. The Company did not repurchase any shares of stock for the year ended December 31, 2021 related to the stock repurchase program. For the year ended December 31, 2020, the Company had repurchased 2,398 shares of stock valued at approximately $8,000 related to the stock repurchase program. Upon the repurchase of the Company's shares, the shares remain authorized, but not issued or outstanding. For the year ended December 31, 2021, the Company repurchased 3,886 shares of stock valued at approximately $12,000 related to the vesting of the Company’s restricted stock units. For the year ended December 31, 2020, the Company repurchased 9,188 shares of stock valued at approximately $28,000 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 December 31, 2021 and 2020, the Company had 9,707,817 and 9,681,728 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)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	12. 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): Year Ended December 31, 2021 2020 Balance at beginning of period $ 912 $ 489 Other comprehensive income (loss) before reclassifications (2,937 ) 1,589 Less: amounts reclassified from accumulated other comprehensive income (loss) 85 1,166 Net current period other comprehensive income (loss) (3,022 ) 423 Balance at end of period $ (2,110 ) $ 912

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	13. Earnings Basic and diluted earnings (loss) per share are computed by dividing net income 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 share and per share amounts): Year Ended December 31, 2021 2020 2019 Net income (loss) $ (1,094 ) $ 595 $ (7,822 ) Weighted average common shares, basic and diluted* 9,691,998 9,625,059 8,880,107 Earnings (loss) per share, basic and diluted (0.11 ) $ 0.06 $ (0.88 ) * The non-vested shares of the restricted stock units and stock options were anti-dilutive as of December 31, 2021, 2020, and 2019. Therefore, the non-vested shares are excluded from earnings (loss) per share for the years ended December 31, 2021, 2020, and 2019.

Stock-based Compensation

Stock-based Compensation	12 Months Ended
	Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-based Compensation	14. Stock-based Compensation On June 30, 2020, the Company issued options to purchase 280,000 shares of the Company’s common stock to certain executive officers and other employees. The right to exercise the options will vest over a five-year In 2015, 2016, and 2018, the Company issued 390,352, 111,281 and 70,000, respectively, of restricted stock units (“RSUs”) to various employees to be settled in shares of common stock, which were valued at $4.1 million, $909,000, and $404,000, respectively, on the dates of grant. The Company recorded $166,000, $677,000, and $959,000 of compensation expense related to the RSUs for the years ended December 31, 2021, 2020, and 2019, respectively. There were 19,000 unvested RSUs as of December 31, 2021, which will generate an estimated future expense of $73,000. The Company recorded $52,000 and $29,000 of compensation expense for the year ended December 31, 2021, and 2020, respectively, related to the stock options granted on June 30, 2020. There were 204,000 options outstanding and unvested as of December 31, 2021, which will generate an estimated future expense of $185,000.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	15. Related Party Transactions The Company employs Nicholas J. Petcoff as its Executive Vice President and a director. The Company employed Andrew D. Petcoff as its Senior Vice President of Personal Lines and as President of SIA, until June 30, 2021. The Company’s employment of Andrew D. Petcoff ended as the result of the Venture Transaction. See Note 2 ~ Sale of Certain Agency Business The Company employed B. Matthew Petcoff as Vice President of SIA until June 30, 2021. B. Matthew Petcoff is the brother of the Chairman and Chief Executive Officer, James G. Petcoff. The Company also employed Hilary Petcoff as its Vice President of Enterprise Risk Management until June 30, 2021. Ms. Petcoff is the daughter of the Company’s Chairman and Chief Executive Officer, James G. Petcoff. B. Matthew Petcoff and Hilary Petcoff are now employees of Venture Agency Holdings, Inc. as a result of the Venture Transaction.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	16. Employee Benefit Plans The Company maintains a retirement savings plan under section 401(k) of the Internal Revenue Code (the “Plan”) for certain eligible employees. Eligible employees electing to participate in the 401(k) plan may defer and contribute from 1% to 100% of their compensation on a pre ‑tax or post-tax basis, subject to statutory limits . The Company will match the employees’ contributions up to the first 4% of their compensation . The Company’s Plan expense amounted to $ , $ and $ for the years ended December 31, 2021 , 2020 and 2019 , respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	17. Commitments and Contingencies Legal proceedings The Company and its subsidiaries are subject at times to various claims, lawsuits and proceedings relating principally to alleged errors or omissions in the placement of insurance, claims administration, and other business transactions arising in the ordinary course of business. Where appropriate, the Company vigorously defends such claims, lawsuits and proceedings. Some of these claims, lawsuits and proceedings seek damages, including consequential, exemplary or punitive damages, in amounts that could, if awarded, be significant. Most of the claims, lawsuits and proceedings arising in the ordinary course of business are covered by the insurance policy at issue. We account for such activity through the establishment of unpaid losses and LAE reserves. In accordance with accounting guidance, if it is probable that a liability has been incurred as of the date of the financial statements and the amount of loss is reasonably estimable; then an accrual for the costs to resolve these claims is recorded by the Company in the accompanying consolidated balance sheets. Periodic expenses related to the defense of such claims are included in the accompanying consolidated statements of operations. On the basis of current information, the Company does not believe that there is a reasonable possibility that any material loss exceeding amounts already accrued, if any, will result from any of the claims, lawsuits and proceedings to which the Company is subject to, either individually, or in the aggregate. Commitments The Company is party to an agreement with an unaffiliated company to provide a policy administration, billing, and claims system for the Company. The scope of work and fee structure has changed over time. Currently, the agreement requires a minimum monthly payment of $30,000 with a fee schedule that is scalable with the premium volume, and expires on November 1, 2026.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segment Information	18. Segment Information The Company is engaged in the sale of property and casualty insurance products and has organized its business model around three classes of insurance businesses: commercial lines, personal lines, and wholesale agency business. Within these three businesses, the Company offers various insurance products and insurance agency services. Such insurance businesses are engaged in underwriting and marketing insurance coverages, and administering claims processing for such policies. The Company views the commercial and personal lines segments as underwriting business (business that takes on insurance underwriting risk). The wholesale agency business provides non-risk bearing revenue through commissions and policy fees. The wholesale agency business increases the product options to the Company’s independent retail agents by offering both insurance products from the Insurance Company Subsidiaries as well as products offered by other insurers. 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 California. For the years ended December 31, 2021, 2020, and 2019, gross written premiums attributable to these four states were 50.6%, 49.6%, and 50.7% respectively, of the Company’s total gross written premiums. The following table summarizes our net earned premiums: Net Earned Premium 2021 2020 2019 Commercial 89 % 92 % 94 % Personal 11 % 8 % 6 % Total 100 % 100 % 100 % The wholesale 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 wholesale agency business and are eliminated in the Eliminations category. In addition to the reportable segments, the Company maintains a Corporate and Other category to reconcile segment results to the consolidated totals. The Corporate and Other category includes: (i) corporate operating expenses such as salaries and related benefits of the Company’s executive management team, some 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 segment (dollars in thousands): Year Ended December 31, 2021 Commercial Lines Personal Lines Under-writing Wholesale Agency Corp-orate Elim-inations Total Gross written premiums $ 117,075 $ 15,020 $ 132,095 $ — $ — $ — $ 132,095 Net written premiums $ 87,307 $ 14,122 $ 101,429 $ — $ — $ — $ 101,429 Net earned premiums $ 87,759 $ 11,043 $ 98,802 $ — $ — $ — $ 98,802 Other income 215 143 358 5,848 365 (3,900 ) 2,671 Segment revenue 87,974 11,186 99,160 5,848 365 (3,900 ) 101,473 Loss and loss adjustment expenses, net 63,868 5,993 69,861 — — — 69,861 Policy acquisition costs 25,687 3,307 28,994 3,727 — (4,270 ) 28,451 Operating expenses 11,648 1,357 13,005 2,382 1,122 — 16,509 Segment expenses 101,203 10,657 111,860 6,109 1,122 (4,270 ) 114,821 Segment underwriting gain (loss) (13,229 ) 529 (12,700 ) (261 ) (757 ) 370 (13,348 ) Net investment income 1,968 1,968 Net realized investment gains 2,878 2,878 Change in fair value of equity securities (2,020 ) (2,020 ) Other gains 11,664 11,664 Interest expense (2,852 ) (2,852 ) Income (loss) before income taxes $ (13,229 ) $ 529 $ (12,700 ) $ (261 ) $ 10,881 $ 370 $ (1,710 ) Selected Balance Sheet Data: Deferred policy acquisition costs $ 10,619 $ 2,075 $ (427 ) $ 12,267 Unearned premiums 57,491 7,778 65,269 Unpaid losses and loss adjustment expenses 135,084 4,001 139,085 Year Ended December 31, 2020 Commercial Lines Personal Lines Under-writing Wholesale Agency Corp-orate Elim-inations Total Gross written premiums $ 102,763 $ 8,572 $ 111,335 $ — $ — $ — $ 111,335 Net written premiums $ 85,385 $ 7,555 $ 92,940 $ — $ — $ — $ 92,940 Net earned premiums $ 82,409 $ 6,694 $ 89,103 $ — $ — $ — $ 89,103 Other income 242 150 392 7,571 245 (5,593 ) 2,615 Segment revenue 82,651 6,844 89,495 7,571 245 (5,593 ) 91,718 Loss and loss adjustment expenses, net 53,263 2,965 56,228 — — — 56,228 Policy acquisition costs 25,051 2,044 27,095 4,938 — (5,928 ) 26,105 Operating expenses 12,644 1,069 13,713 3,107 1,648 — 18,468 Segment expenses 90,958 6,078 97,036 8,045 1,648 (5,928 ) 100,801 Segment underwriting gain (loss) (8,307 ) 766 (7,541 ) (474 ) (1,403 ) $ 335 (9,083 ) Net investment income 3,156 3,156 Net realized investment gains 8,126 8,126 Change in fair value of equity securities 228 228 Other gains 260 260 Interest expense (2,925 ) (2,925 ) Income (loss) before income taxes $ (8,307 ) $ 766 $ (7,541 ) $ (474 ) $ 7,442 $ 335 $ (238 ) Selected Balance Sheet Data: Deferred policy acquisition costs $ 11,858 $ 1,183 $ (798 ) $ 12,243 Unearned premiums 51,535 4,689 56,224 Unpaid losses and loss adjustment expenses 106,662 4,608 111,270 Year Ended December 31, 2019 Commercial Lines Personal Lines Under-writing Wholesale Agency Corp-orate Elim-inations Total Gross written premiums $ 94,391 $ 7,462 $ 101,853 $ — $ — $ — $ 101,853 Net written premiums $ 81,966 $ 5,758 $ 87,724 $ — $ — $ — $ 87,724 Net earned premiums $ 83,858 $ 5,231 $ 89,089 $ — $ — $ — $ 89,089 Other income 216 143 359 9,073 224 (7,547 ) 2,109 Segment revenue 84,074 5,374 89,448 9,073 224 (7,547 ) 91,198 Loss and loss adjustment expenses, net 53,256 6,488 59,744 — — — 59,744 Policy acquisition costs 23,511 1,744 25,255 6,063 — (6,407 ) 24,911 Operating expenses 12,881 1,233 14,114 2,180 1,288 — 17,582 Segment expenses 89,648 9,465 99,113 8,243 1,288 (6,407 ) 102,237 Segment underwriting gain (loss) (5,574 ) (4,091 ) (9,665 ) 830 (1,064 ) $ (1,140 ) (11,039 ) Net investment income 4,031 4,031 Net realized investment gains 1,196 1,196 Change in fair value of equity securities (427 ) (427 ) Interest expense (2,882 ) (2,882 ) Income (loss) before income taxes $ (5,574 ) $ (4,091 ) $ (9,665 ) $ 830 $ 854 $ (1,140 ) $ (9,121 ) Selected Balance Sheet Data: Deferred policy acquisition costs $ 12,033 $ 1,007 $ (1,134 ) $ 11,906 Unearned premiums 47,674 3,829 51,503 Unpaid losses and loss adjustment expenses 101,850 5,396 107,246

Schedule II - Condensed Financi

Schedule II - Condensed Financial Information of Registrant	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule II - Condensed Financial Information of Registrant	Schedule II Conifer Holdings, Inc. Condensed Financial Information of Registrant Balance Sheets – Parent Company Only (dollars in thousands) December 31, 2021 2020 Assets Investment in subsidiaries $ 79,511 $ 81,336 Cash 750 1,477 Due from subsidiaries (7,055 ) 1,745 Due from Affiliate 220 — Other assets 2,522 3,648 Total assets $ 75,948 $ 88,206 Liabilities and Shareholders' Equity Liabilities: Debt $ 33,564 $ 40,997 Other liabilities 1,881 2,796 Total liabilities 35,445 43,793 Shareholders' equity: Common stock, no par value (100,000,000 shares authorized; 9,681,728 and 9,592,861 issued and outstanding, respectively) 92,692 92,486 Accumulated deficit (50,079 ) (48,985 ) Accumulated other comprehensive income (loss) (2,110 ) 912 Total shareholders' equity 40,503 44,413 Total liabilities and shareholders' equity $ 75,948 $ 88,206 The accompanying notes are an integral part of the Condensed Financial Information of Registrant. Schedule II Conifer Holdings, Inc. Condensed Financial Information of Registrant Statements of Comprehensive Income (Loss) – Parent Company Only (dollars in thousands) Year Ended December 31, 2021 2020 2019 Revenue Management fees from subsidiaries $ 15,952 $ 12,527 $ 11,621 Other income 2,900 483 167 Total revenue 18,852 13,010 11,788 Expenses Operating expenses 12,736 14,459 14,433 Interest expense 2,852 2,925 2,880 Total expenses 15,588 17,384 17,313 Income (loss) before equity in earnings (losses) of subsidiaries and income tax expense (benefit) 3,264 (4,374 ) (5,525 ) Income tax expense (benefit) 156 (813 ) 30 Income (loss) before equity earnings (losses) of subsidiaries 3,108 (3,561 ) (5,555 ) Equity earnings (losses) in subsidiaries (4,202 ) 4,156 (2,267 ) Net income (loss) (1,094 ) 595 (7,822 ) Other Comprehensive Income Equity in other comprehensive income (loss) of subsidiaries (3,022 ) 423 3,101 Total Comprehensive income (loss) $ (4,116 ) $ 1,018 $ (4,721 ) The accompanying notes are an integral part of the Condensed Financial Information of Registrant. Schedule II Conifer Holdings, Inc. Condensed Financial Information of Registrant Statement of Cash Flows – Parent Company Only (dollars in thousands) Year Ended December 31, 2021 2020 2019 Cash Flows from Operating Activities Net income (loss) $ (1,094 ) $ 595 $ (7,822 ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization 415 421 447 Equity in undistributed (income) loss of subsidiaries 4,202 (4,156 ) 2,267 Stock-based compensation expense 218 706 959 Other (gain) loss (2,593 ) (260 ) — Changes in operating assets and liabilities: Due from subsidiaries 8,800 (852 ) (490 ) Due from Affiliate (220 ) 214 231 Current income tax recoverable — 539 21 Other assets 890 625 (3,098 ) Other liabilities (915 ) (715 ) 2,954 Net cash provided by (used in) operating activities 9,703 (2,883 ) (4,531 ) Cash Flows From Investing Activities Contributions to subsidiaries (5,400 ) (1,150 ) (3,854 ) Dividends received from subsidiaries — — 1,500 Purchases of investments — (79 ) — Purchases of property and equipment (20 ) — (66 ) Net cash provided by (used in) investing activities (5,420 ) (1,229 ) (2,420 ) Cash Flows From Financing Activities Proceeds received from issuance of shares of common stock — — 5,000 Repurchase of common stock (12 ) (36 ) (676 ) Borrowings under debt arrangements 3,000 5,745 2,000 Repayment of borrowings under debt arrangements (8,000 ) (625 ) — Stock and debt issuance costs — — — Net cash provided by financing activities (5,012 ) 5,084 6,324 Net increase (decrease) in cash (729 ) 972 (627 ) Cash at beginning of period 1,478 506 1,133 Cash at end of period $ 749 $ 1,478 $ 506 Supplemental Disclosure of Cash Flow Information: Interest paid $ 2,883 $ 2,586 $ 2,547 The accompanying notes are an integral part of the Condensed Financial Information of Registrant. 1. Accounting Policies Organization Conifer Holdings, Inc. (the “Parent”) is a Michigan‑domiciled holding company organized for the purpose of managing its insurance entities. The Parent conducts its principal operations through these entities. Basis of Presentation The accompanying condensed financial information should be read in conjunction with the Consolidated Financial Statements and related Notes of Conifer Holdings, Inc. and Subsidiaries. Investments in subsidiaries are accounted for using the equity method. Under the equity method, the investment in subsidiaries is stated at cost plus contributions and equity in undistributed income (loss) of consolidated subsidiaries less dividends received since the date of acquisition. The Parent’s operations consist of income earned from management and administrative services performed for the insurance entities pursuant to intercompany services agreements. These management and administrative services include providing management, marketing, offices and equipment, and premium collection, for which the insurance companies pay fees based on a percentage of gross premiums written. Also, the Parent receives commission income for performing agency services. The primary operating costs of the Parent are salaries and related costs of personnel, information technology, administrative expenses, and professional fees. The income received from the management and administrative services is used to cover operating costs, meet debt service requirements and cover other holding company obligations. Estimates and Assumptions Preparation of the condensed financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed financial statements and accompanying disclosures. Those estimates are inherently subject to change, and actual results may ultimately differ from those estimates. Dividends The Parent received no cash dividends from its subsidiaries in 2021 and 2020, and received cash dividends from its subsidiaries of $1.5 million in 2019. In 2021, the Parent received a $6.0 million non-cash dividend from one of its subsidiaries in the form of a promissory note from Affiliate, which the Parent subsequently contributed to one of the insurance subsidiaries. 2. Guarantees The Parent has guaranteed the principal and interest obligations of a $10.0 million surplus note issued by Conifer Insurance Company to White Pine Insurance Company (both wholly owned subsidiaries). The note pays interest annually at a per annum rate of 4% and has no maturity.

Schedule V - Valuation and Qual

Schedule V - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2021
Valuation And Qualifying Accounts [Abstract]
Schedule V - Valuation and Qualifying Accounts	Balance at Beginning of Period Charged to Expense Decrease to Other Comprehensive Income Deductions from Allowance Account Balance at End of Period Valuation for Deferred Tax Assets 2021 13,292 676 626 — 14,594 2020 13,572 (205 ) (75 ) — 13,292 2019 12,606 966 — — 13,572

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation and Management Representation	Recent Developments COVID-19 (the “Pandemic”) continues to cause significant disruption to public health, the global economy, financial markets, and commercial, social and community activity in general. As there has been a significant reduction in reported cases and correspondingly a reduction in government restrictions, we see reduced risk to our business. We continue to monitor potential risks the Pandemic may present including a potential resurgence. Our exposure to the Pandemic is manifold. The majority of our employees continue to work remotely however strict “shelter-in-place” or “stay-at-home” orders have been lifted. A significant portion of our revenues are generated from the hospitality sector within the U.S. which remains under stress due to the threats of resurgence and resource shortages that resulted from the Pandemic. We have continued to provide customer service, process new and renewal business, handle claims and otherwise manage all operations even though the vast majority of the staff is working remotely. To date, we have not seen a major disruption in our business as a result of the Pandemic and currently do not expect to see a material negative impact to our financial position or results of operations as a result of the Pandemic. Basis of Presentation and Management Representation The consolidated financial statements include accounts, after elimination of intercompany accounts and transactions, of Conifer Holdings, Inc. (the “Company” or “Conifer”), its wholly owned subsidiaries Conifer Insurance Company ("CIC"), Red Cedar Insurance Company ("RCIC"), White Pine Insurance Company ("WPIC"), and Sycamore Insurance Agency, Inc. ("SIA"). CIC, WPIC, and RCIC are collectively referred to as the "Insurance Company Subsidiaries." On a stand-alone basis Conifer Holdings, Inc. is referred to as the "Parent Company." 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.
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, Michigan, 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. In applying these estimates, management makes subjective and complex judgments that frequently require assumptions about matters that are inherently uncertain, including uncertainties associated with the Pandemic. 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 short-term investments in the consolidated balance sheets as they relate to the Company’s investment activities.
Lease Accounting	Lease The Company accounts for leases under FASB Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842), which required the recognition of a right-of-use asset and a corresponding lease liability, discounted to the present value, for all leases that extend beyond 12 months. For operating leases, the asset and liability will be amortized over the lease term with expense recognized on a straight-line basis and all cash flows included in the operating section of the consolidated statement of cash flows. We do not have any financing leases. Our operating leases consist primarily of real estate utilized in the operation of our businesses with lease terms ranging from 5 to 10 years. Management has determined the appropriate discount rate to use in calculating the right-to-use asset and lease liability is 6.75%. The Company records a right-of-use asset and lease liabilities included in Other Assets and Other Liabilities in the Consolidated Balance Sheets. As of December 31, 2021, the Company had a right-of-use asset of $1.4 million, and lease liabilities of $1.5 million.
Investment Securities and Other-than-temporary Impairments	Investment Securities Debt securities are classified as available-for-sale and reported at fair value. The Company determines the fair value using the market approach, which uses quoted prices or other relevant data based on market transactions involving identical or comparable assets. The Company purchases the available-for-sale debt securities with the expectation that they will be held to maturity, however the Company may sell them if market conditions or credit‑related risk warrant earlier sales. The Company does not have any securities classified as held-to-maturity or trading. The change in unrealized gain and loss on debt securities is recorded as a component of accumulated other comprehensive income (loss), net of the related deferred tax effect, until realized. The debt securities portfolio includes structured securities. The Company recognizes income from these securities using a constant effective yield based on anticipated prepayments and the estimated economic life of the securities. When actual prepayments differ significantly from anticipated prepayments, the estimated economic life is recalculated and the remaining unamortized premium or discount is amortized prospectively over the remaining economic life. Premiums and discounts on structured securities are amortized or accreted over the life of the related available‑for‑sale security as an adjustment to yield using the effective interest method. Such amortization and accretion is included in interest income in the consolidated statements of operations. Dividend and interest income are recognized when earned. Realized gains and losses from the sale of available-for-sale securities are determined on a specific-identification basis and included in earnings on the trade date. Equity securities that do not result in consolidation and are not accounted for under the equity method are measured at fair value and any changes in fair value are recognized in net income in the Consolidated Statements of Operations. Mutual fund and similar investments are measured at their net asset value, which approximates fair value. Any changes in the net asset value are recognized in net income in the Consolidated Statements of Operations. The Company carries other equity investments that do not have a readily determinable fair value at cost, less impairment and adjusted for observable price changes under the measurement alternative provided under GAAP. We review these investments for impairment during each reporting period. These investments are a component of Other Assets in the Consolidated Balance Sheets. Other-than-Temporary Impairments The Company reviews its impaired securities for possible other-than-temporary impairment ("OTTI") at each quarter-end. A security has an impairment loss when its fair value is less than its cost or amortized cost at the balance sheet date. The Company considers the following factors in performing its review: (i) the amount by which the security’s fair value is less than its cost, (ii) length of time the security has been impaired, (iii) whether management has the intent to sell the security, (iv) if it is more likely than not that management will be required to sell the security before recovery of its amortized cost basis, (v) whether the impairment is due to an issuer ‑specific event, credit issues or change in market interest rates, (vi) the security’s credit rating and any recent downgrades or (vii) stress testing of expected cash flows under different scenarios . If the Company cannot assert these conditions, an OTTI loss is recorded through the C onsolidated S tatements of O perations in the current period. For all other impaired securities, the Company will assess whether the net present value of the cash flows expected to be collected from the security is less than its amortized cost basis. Such a shortfall in cash flows is referred to as a “credit loss.” For any such security, the Company separates the impairment loss into: (i) the credit loss and (ii) the non-credit loss, which is the amount related to all other factors such as interest rate changes, fluctuations in exchange rates and market conditions. The credit loss charge is recorded to the current period statements of operations and the non-credit loss is recorded to accumulated other comprehensive income (loss), within shareholders’ equity, on an after-tax basis. A security’s cost basis is permanently reduced by the amount of a credit loss. Income is accreted over the remaining life of a security based on the interest rate necessary to discount the expected future cash flows to the new basis. If the security is non-income producing, any cash proceeds are applied as a reduction of principal when received.
Recognition of Premium Revenues	Recognition of Premium Revenues All of the property and casualty policies written by our insurance companies are considered short-duration contracts. These policy premiums are earned on a daily pro-rata basis, net of reinsurance, over the term of the policy, which are primarily twelve months in duration. The portion of premiums written that relate to the unexpired terms of policies in force are deferred and reported as unearned premium at the balance sheet date.
Reinsurance	Reinsurance Reinsurance premiums, commissions, losses and loss adjustment expenses ("LAE") on reinsured business are accounted for on a basis consistent with that used in accounting for the original policies issued and the terms of the reinsurance contracts. The amounts reported as reinsurance recoverables include amounts billed to reinsurers on losses and LAE paid as well as estimates of amounts expected to be recovered from reinsurers on insurance liabilities that have not yet been paid. Reinsurance recoverables on unpaid losses and LAE are estimated based upon assumptions consistent with those used in establishing the gross liabilities as they are applied to the underlying reinsured contracts. The Company records an allowance for uncollectible reinsurance recoverables based on an assessment of the reinsurer’s creditworthiness and collectability of the recorded amounts. Management believes an allowance for uncollectible recoverables from its reinsurers was not necessary for the periods presented. The Company receives ceding commissions in connection with certain ceded reinsurance. The ceding commissions are recorded as a reduction of policy acquisition costs. In 2017, the Company entered into an adverse development cover reinsurance agreement (the "ADC"). The ADC is a retroactive reinsurance contract. If the cumulative losses and loss adjustment expenses ceded under the ADC exceed the consideration paid, the resulting gain from such excess is deferred and amortized into earnings in future periods using the interest method. In any period in which there is a gain position and a revised estimate of claim and allocated claim adjustment expenses, a portion of the deferred gain is cumulatively recognized in earnings as if the revised estimate was available at the inception date of the ADC. As of December 31, 2019, the deferred gain on the ADC was fully recognized.
Deferred Policy Acquisition Costs	Deferred Policy Acquisition Costs Costs incurred which are incremental and directly related to the successful acquisition of new or renewal insurance business is deferred. These deferred costs consist of commissions paid to agents (net of ceding commissions), premium taxes, and underwriting costs, including compensation and payroll related benefits. Proceeds from reinsurance transactions that represent recovery of acquisition costs reduce applicable unamortized acquisition costs in such a manner that net acquisition costs are capitalized and charged to expense . Amortization of such policy acquisition costs is charged to expense in proportion to premium earned over the estimated policy term. To the extent that unearned premiums on existing policies are not adequate to cover the sum of expected losses and LAE, unamortized acquisition costs and policy maintenance costs, unamortized deferred policy acquisition costs are charged to expense to the extent required to eliminate the premium deficiency. If the premium deficiency is greater than the unamortized policy acquisition costs, a liability is recorded for any such deficiency. The Company considers anticipated investment income in determining whether a premium deficiency exists. Management performs this evaluation at each insurance product line level.
Unpaid Losses and Loss Adjustment Expenses	Unpaid Losses and Loss Adjustment Expenses The liability for unpaid losses and LAE in the Consolidated Balance Sheets represents the Company’s estimate of the amount it expects to pay for the ultimate cost of all losses and LAE incurred that remain unpaid at the balance sheet date. The liability is recorded on an undiscounted basis, except for the liability for unpaid losses and LAE assumed related to acquired companies which are initially recorded at fair value. The process of estimating the liability for unpaid losses and LAE is a complex process that requires a high degree of judgment. The liability for unpaid losses and LAE represents the accumulation of individual case estimates for reported losses and LAE, and actuarially determined estimates for incurred but not reported losses and LAE. The liability for unpaid losses and LAE is intended to include the ultimate net cost of all losses and LAE incurred but unpaid as of the balance sheet date. The liability is stated net of anticipated deductibles, salvage and subrogation, and gross of reinsurance ceded. The estimate of the unpaid losses and LAE liability is continually reviewed and updated. Although management believes the liability for losses and LAE is reasonable, the ultimate liability may be more or less than the current estimate. The estimation of ultimate liability for unpaid losses and LAE is a complex, imprecise and inherently uncertain process, and therefore involves a considerable degree of judgment and expertise. The Company utilizes various actuarially‑accepted reserving methodologies in deriving the continuum of expected outcomes and ultimately determining its estimated liability amount. These methodologies utilize various inputs, including but not limited to written and earned premiums, paid and reported losses and LAE, expected initial loss and LAE ratio, which is the ratio of incurred losses and LAE to earned premiums, and expected claim reporting and payout patterns (including company-specific and industry data). The liability for unpaid loss and LAE does not represent an exact measurement of liability, but is an estimate that is not directly or precisely quantifiable, particularly on a prospective basis, and is subject to a significant degree of variability over time. In addition, the establishment of the liability for unpaid losses and LAE makes no provision for the broadening of coverage by legislative action or judicial interpretation or for the extraordinary future emergence of new types of losses not sufficiently represented in the Company’s historical experience or which cannot yet be quantified. As a result, an integral component of estimating the liability for unpaid losses and LAE is the use of informed subjective estimates and judgments about the ultimate exposure to unpaid losses and LAE. The effects of changes in the estimated liability are included in the results of operations in the period in which the estimates are revised. The Company allocates the applicable portion of the unpaid losses and LAE to amounts recoverable from reinsurers under reinsurance contracts and reports those amounts separately as assets on the consolidated balance sheets.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax-credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are recognized to the extent that there is sufficient positive evidence, as allowed under the Accounting Standard Codification ("ASC") 740, Income Taxes, Company establishes a valuation allowance to the extent that there is insufficient evidence to support the recoverability of the deferred tax asset under ASC 740. In making such a determination, management considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax ‑planning strategies, and results of recent operations. If it is determined that the deferred tax assets would be realizable in the future in excess of their net recorded amount, an adjustment would be made to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes As of December 31, 2021 and 2020, the Company did not have any unrecognized tax benefits and had no accrued interest or penalties related to uncertain tax positions.
Other Income	Other Income Other income consists primarily of fees charged to policyholders by the Company for services outside of the premium charge, such as installment billings or policy issuance costs. Commission income is also received by the Company’s insurance agencies for writing policies for third party insurance companies. The Company recognizes commission income on the later of the effective date of the policy, the date when the premium can be reasonably established, or the date when substantially all services related to the insurance placement have been rendered.
Operating Expenses	Operating Expenses Operating expenses consist primarily of other underwriting, compensation and benefits, information technology, facility and other administrative expenses.
Accounting Guidance Not Yet Adopted	Accounting Guidance Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848)

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2021
Investments Debt And Equity Securities [Abstract]
Schedule of Available-for-sale Securities	The cost or amortized cost, gross unrealized gain or loss, and estimated fair value of the investments in securities classified as available-for-sale at December 31, 2021 and 2020 were as follows (dollars in thousands): December 31, 2021 Cost or Gross Unrealized Amortized Cost Gains Losses Estimated Fair Value Debt securities: U.S. Government $ 20,723 $ 74 $ (77 ) $ 20,720 State and local government 30,063 555 (189 ) 30,429 Corporate debt 30,808 88 (550 ) 30,346 Asset-backed securities 28,652 10 (224 ) 28,438 Mortgage-backed securities 33,178 105 (762 ) 32,521 Commercial mortgage-backed securities 1,659 31 — 1,690 Collateralized mortgage obligations 5,649 35 (45 ) 5,639 Total debt securities available for sale $ 150,732 $ 898 $ (1,847 ) $ 149,783 December 31, 2020 Cost or Gross Unrealized Amortized Cost Gains Losses Estimated Fair Value Debt securities: U.S. Government $ 30,743 $ 225 $ (1 ) $ 30,967 State and local government 32,253 1,040 (28 ) 33,265 Corporate debt 19,015 311 (23 ) 19,303 Asset-backed securities 20,987 49 (73 ) 20,963 Mortgage-backed securities 38,512 345 (3 ) 38,854 Commercial mortgage-backed securities 2,083 65 (22 ) 2,126 Collateralized mortgage obligations 6,361 161 (1 ) 6,521 Total debt securities available for sale $ 149,954 $ 2,196 $ (151 ) $ 151,999
Schedule Of Unrealized Loss On Investments	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 (dollars in thousands): December 31, 2021 Less than 12 months 12 months or More 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 6 $ 10,323 $ (47 ) 1 $ 4,728 $ (30 ) 7 $ 15,051 $ (77 ) State and local government 41 8,875 (172 ) 4 446 (17 ) 45 9,321 (189 ) Corporate debt 41 22,748 (505 ) 1 705 (45 ) 42 23,453 (550 ) Asset-backed securities 24 24,305 (219 ) 2 1,893 (5 ) 26 26,198 (224 ) Mortgage-backed securities 12 27,034 (762 ) - - - 12 27,034 (762 ) Commercial mortgage -backed securities - - - - - - - - - Collateralized mortgage obligations 10 2,638 (45 ) 2 29 - 12 2,667 (45 ) Total debt securities available for sale 134 95,923 (1,750 ) 10 7,801 (97 ) 144 103,724 (1,847 ) December 31, 2020 Less than 12 months 12 months or More 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 2 $ 6,764 $ (1 ) — $ — $ — 2 $ 6,764 $ (1 ) State and local government 16 3,905 (28 ) — — — 16 3,905 (28 ) Corporate debt 2 1,051 (23 ) — — — 2 1,051 (23 ) Asset-backed securities 7 6,050 (34 ) 11 6,551 (39 ) 18 12,601 (73 ) Mortgage-backed securities 2 1,652 (3 ) — — — 2 1,652 (3 ) Commercial mortgage -backed securities 1 899 (22 ) — — — 1 899 (22 ) Collateralized mortgage obligations 2 195 (1 ) — — — 2 195 (1 ) Total debt securities available for sale 32 $ 20,516 $ (112 ) 11 $ 6,551 $ (39 ) 43 $ 27,067 $ (151 )
Schedule of Investment Income	The Company’s sources of net investment income are as follows (dollars in thousands): December 31, 2021 2020 2019 Debt securities $ 2,217 $ 3,213 $ 3,476 Equity securities 194 220 352 Cash, cash equivalents, and short-term investments 2 138 487 Total investment income 2,413 3,571 4,315 Investment expenses (445 ) (415 ) (284 ) Net investment income $ 1,968 $ 3,156 $ 4,031
Schedule of Gross Realized Gains and Losses on Securities	The following table summarizes the gross realized gains and losses from sales or maturities of available-for-sale debt securities and equity securities, as follows (dollars in thousands): December 31, 2021 2020 2019 Debt securities: Gross realized gains $ 63 $ 4,646 $ 269 Gross realized losses (6 ) (8 ) (54 ) Total debt securities 57 4,638 215 Equity securities: Gross realized gains 4,605 4,854 1,020 Gross realized losses (1,784 ) (1,366 ) (39 ) Total equity securities 2,821 3,488 981 Total net realized investment gains $ 2,878 $ 8,126 $ 1,196
Summary of Amortized Cost and Fair Value of Securities	The table below summarizes the amortized cost and fair value of available-for-sale debt securities by contractual maturity at December 31, 2021. 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 $ 13,029 $ 13,046 Due after one year through five years 28,582 28,622 Due after five years through ten years 22,984 22,727 Due after ten years 16,999 17,100 Securities with contractual maturities 81,594 81,495 Asset-backed securities 28,652 28,438 Mortgage-backed securities 33,178 32,521 Commercial mortgage-backed securities 1,659 1,690 Collateralized mortgage obligations 5,649 5,639 Total debt securities $ 150,732 $ 149,783

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value	The following tables present the Company’s assets and liabilities measured at fair value, classified by the valuation hierarchy as of December 31, 2021 and 2020 (dollars in thousands): December 31, 2021 Fair Value Measurements Using Total Level 1 Level 2 Level 3 Assets: Debt Securities: U.S. Government $ 20,720 $ — $ 20,720 $ — State and local government 30,429 — 30,429 — Corporate debt 30,346 — 30,346 — Asset-backed securities 28,438 — 28,438 — Mortgage-backed securities 32,521 — 32,521 — Commercial mortgage-backed securities 1,690 — 1,690 — Collateralized mortgage obligations 5,639 — 5,639 — Total debt securities 149,783 — 149,783 — Equity Securities 9,437 9,154 283 — Short-term investments 23,013 23,013 — — Total marketable investments measured at fair value $ 182,233 $ 32,167 $ 150,066 $ — Investments measured at NAV: Investment in limited partnership 494 Total assets measured at fair value $ 182,727 Liabilities: Senior Unsecured Notes * $ 24,118 $ — $ 24,118 $ — Subordinated Notes * 11,704 — — 11,704 Total Liabilities measured at fair value $ 35,822 $ — $ 24,118 $ 11,704 * Carried at face value of debt net of unamortized debt issuance costs on the consolidated balance sheet December 31, 2020 Fair Value Measurements Using Total Level 1 Level 2 Level 3 Assets: Debt Securities: U.S. Government $ 30,967 $ — $ 30,967 $ — State and local government 33,265 — 33,265 — Corporate debt 19,303 — 19,303 — Asset-backed securities 20,963 — 20,963 — Mortgage-backed securities 38,854 — 38,854 — Commercial mortgage-backed securities 2,126 — 2,126 — Collateralized mortgage obligations 6,521 — 6,521 — Total debt securities 151,999 — 151,999 — Equity Securities 17,336 17,053 283 — Short-term investments 13,317 13,317 — — Total marketable investments measured at fair value $ 182,652 $ 30,370 $ 152,282 $ — Investments measured at NAV: Investment in limited partnership 555 Total assets measured at fair value $ 183,207 Liabilities: Senior Unsecured Notes * $ 20,675 $ — $ 20,675 $ — Subordinated Notes * 11,616 — — 11,616 Line of credit * 5,000 — 5,000 — Paycheck Protection Program loan * 2,745 — 2,745 — Total Liabilities measured at fair value $ 40,036 $ — $ 28,420 $ 11,616 * 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)	12 Months Ended
	Dec. 31, 2021
Deferred Policy Acquisition Costs Disclosures [Abstract]
Summary of Deferred Policy Acquisition Costs	The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): December 31, 2021 2020 2019 Balance at beginning of period $ 12,243 $ 11,906 $ 12,011 Deferred policy acquisition costs 28,475 26,442 24,806 Amortization of policy acquisition costs (28,451 ) (26,105 ) (24,911 ) Net change 24 337 (105 ) Balance at end of period $ 12,267 $ 12,243 $ 11,906

Unpaid Losses and Loss Adjust_2

Unpaid Losses and Loss Adjustment Expenses (Tables)	12 Months Ended
	Dec. 31, 2021
Insurance Loss Reserves [Abstract]
Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense	The table below provides the changes in the reserves for losses and LAE, net of recoverables from reinsurers, for the periods indicated (dollars in thousands): December 31, 2021 2020 2019 Gross reserves - beginning of period $ 111,270 $ 107,246 $ 92,807 Less: reinsurance recoverables on unpaid losses 24,218 22,579 29,685 Plus: deferred gain on ADC — — (5,677 ) Net reserves - beginning of period 87,052 84,667 68,799 Add: incurred losses and loss adjustment expenses, net of reinsurance Current period 50,429 40,634 49,192 Prior period 19,432 15,594 10,552 Total net incurred losses and loss adjustment expenses 69,861 56,228 59,744 Deduct: loss and loss adjustment expense payments, net of reinsurance Current period 18,984 13,599 14,357 Prior period 39,188 40,244 29,519 Total net loss and loss adjustment expense payments 58,172 53,843 43,876 Net reserves - end of period 98,741 87,052 84,667 Plus: reinsurance recoverables on unpaid losses 40,344 24,218 22,579 Less: deferred gain on ADC — — — Gross reserves - end of period $ 139,085 $ 111,270 $ 107,246
Short-duration Insurance Contracts, Claims Development	The following tables represent cumulative incurred loss and allocated loss adjustment expenses ("ALAE"), net of reinsurance, by accident year and cumulative paid loss and ALAE, net of reinsurance, by accident year, for the years ended December 31, 2012 to 2021, as well as total IBNR and the cumulative number of reported claims for the year ended December 31, 2021, by reportable segment and accident year (dollars in thousands). Commercial Lines Incurred loss and allocated loss adjustment expenses, net of reinsurance Total IBNR Cumulative number of reported claims Accident Year 2012* 2013* 2014* 2015* 2016* 2017* 2018* 2019* 2020* 2021 2021 2021 2012 7,745 6,421 6,288 6,384 6,253 6,190 6,209 6,209 6,245 6,255 — 571 2013 10,018 9,435 9,893 10,237 11,252 11,218 11,624 11,804 11,867 40 612 2014 19,709 19,907 22,711 26,367 28,145 28,766 29,045 29,175 125 1,753 2015 22,442 26,633 31,861 34,478 36,372 37,795 38,824 293 2,361 2016 32,396 34,935 40,440 44,355 46,089 46,993 620 3,556 2017 44,251 44,495 49,749 51,883 55,589 1,451 5,828 2018 42,624 42,432 49,741 55,261 1,901 6,113 2019 41,286 42,129 46,329 3,640 6,288 2020 33,867 35,328 7,268 3,782 2021 40,388 16,483 2,559 Total $ 366,009 $ 31,821 Cumulative paid loss and allocated loss adjustment expenses, net of reinsurance Accident Year 2012* 2013* 2014* 2015* 2016* 2017* 2018* 2019* 2020* 2021 2012 2,325 3,703 4,696 5,558 5,994 6,065 6,209 6,209 6,245 6,246 2013 3,979 6,211 7,643 8,622 10,147 10,650 11,137 11,620 11,702 2014 8,715 13,977 17,458 22,446 25,609 27,544 28,389 28,648 2015 10,470 17,817 22,549 30,475 34,497 35,833 37,563 2016 10,255 19,135 27,785 37,967 41,945 43,644 2017 12,448 23,020 34,205 42,308 47,148 2018 10,375 19,799 31,633 41,577 2019 10,078 20,462 28,958 2020 10,217 17,332 2021 12,870 Total $ 275,688 Unpaid losses and ALAE, years 2012 through 2021 $ 90,321 Unpaid losses and ALAE, prior to 2012 * 141 Unpaid losses and ALAE, net of reinsurance $ 90,462 * Presented as unaudited required supplementary information. Personal Lines Incurred loss and allocated loss adjustment expenses, net of reinsurance Total IBNR Cumulative number of reported claims Accident For the years ended December 31, Year 2012* 2013* 2014* 2015* 2016* 2017* 2018* 2019* 2020* 2021 2021 2021 2012 9,960 11,690 11,740 12,159 12,390 12,365 12,357 12,369 12,382 12,450 — 3,339 2013 18,034 17,996 18,925 19,138 19,167 19,202 19,222 19,226 19,227 — 5,208 2014 17,951 17,471 17,735 17,880 17,929 18,082 18,095 18,097 — 3,737 2015 10,877 13,445 14,721 15,285 15,364 15,427 15,427 — 2,152 2016 11,619 13,418 14,949 15,550 15,655 15,634 — 1,814 2017 14,058 13,550 14,493 14,793 14,911 — 2,916 2018 5,893 6,378 6,283 6,382 — 802 2019 3,099 2,712 2,898 — 341 2020 2,339 2,590 107 365 2021 4,409 774 534 Total $ 112,025 $ 881 Cumulative paid loss and allocated loss adjustment expenses, net of reinsurance Accident For the years ended December 31, Year 2012* 2013* 2014* 2015* 2016* 2017* 2018* 2019* 2020* 2021 2012 5,665 9,251 10,844 11,777 12,202 12,306 12,329 12,349 12,382 12,450 2013 9,955 15,883 18,052 18,600 19,014 19,174 19,214 19,222 19,227 2014 12,819 16,515 17,260 17,746 17,855 18,047 18,068 18,070 2015 7,771 11,873 13,844 15,159 15,250 15,290 15,416 2016 7,119 11,238 14,442 15,110 15,351 15,452 2017 8,320 12,944 14,004 14,526 14,866 2018 4,296 5,618 6,100 6,242 2019 2,119 2,604 2,692 2020 1,307 2,455 2021 3,022 Total $ 109,892 Unpaid losses and ALAE, years 2012 through 2021 $ 2,133 Unpaid losses and ALAE, prior to 2012 * — Unpaid losses and ALAE, net of reinsurance $ 2,133 * Presented as unaudited required supplementary information. Total Lines Incurred loss and allocated loss adjustment expenses, net of reinsurance Total IBNR Cumulative number of reported claims Accident For the years ended December 31, Year 2012* 2013* 2014* 2015* 2016* 2017* 2018* 2019* 2020* 2021 2021 2021 2012 17,705 18,111 18,028 18,544 18,642 18,554 18,566 18,578 18,627 18,705 — 3,910 2013 28,052 27,431 28,817 29,375 30,419 30,420 30,846 31,030 31,094 40 5,820 2014 37,660 37,378 40,446 44,247 46,074 46,848 47,140 47,272 125 5,490 2015 33,319 40,078 46,581 49,763 51,736 53,222 54,251 293 4,513 2016 44,015 48,353 55,389 59,905 61,744 62,627 620 5,370 2017 58,309 58,045 64,242 66,676 70,500 1,451 8,744 2018 48,517 48,810 56,024 61,643 1,901 6,915 2019 44,385 44,841 49,227 3,640 6,629 2020 36,206 37,918 7,375 4,147 2021 44,797 17,257 3,093 Total 478,034 32,702 Cumulative paid loss and allocated loss adjustment expenses, net of reinsurance Accident For the years ended December 31, Year 2012* 2013* 2014* 2015* 2016* 2017* 2018* 2019* 2020* 2021 2012 7,990 12,954 15,540 17,335 18,195 18,369 18,538 18,558 18,627 18,696 2013 13,934 22,094 25,695 27,223 29,162 29,824 30,351 30,842 30,929 2014 21,534 30,492 34,718 40,192 43,464 45,591 46,457 46,718 2015 18,241 29,690 36,393 45,634 49,747 51,123 52,979 2016 17,374 30,373 42,227 53,077 57,296 59,096 2017 20,768 35,964 48,209 56,834 62,014 2018 14,671 25,417 37,733 47,819 2019 12,197 23,066 31,650 2020 11,524 19,787 2021 15,892 Total $ 385,580 Unpaid losses and ALAE, years 2012 through 2021 $ 92,454 Unpaid losses and ALAE, prior to 2012 * $ 141 Unpaid losses and ALAE, net of reinsurance $ 92,595 * Presented as unaudited required supplementary information.
Short-duration Insurance Contracts, Reconciliation of Loss Development to Liability	The following table reconciles the loss development information to the consolidated balance sheet for the year ended December 31, 2021, by reportable segment (dollars in thousands). December 31, 2021 Net unpaid losses claims and ALAE Commercial Lines $ 90,462 Personal Lines 2,133 Total unpaid losses and LAE, net of reinsurance 92,595 Reinsurance recoverable on losses and LAE Commercial Lines 38,584 Personal Lines 1,760 Total reinsurance recoverable on unpaid losses and LAE 40,344 ULAE expense 6,146 Total gross unpaid losses and LAE $ 139,085
Loss Duration Schedule	The following table represents the average annual percentage payout of incurred losses by age, net of reinsurance, for each reportable segment. Average annual percentage payout of incurred losses by age, net of reinsurance Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10+ Commercial Lines 40.6% 26.4% 17.2% 8.5% 4.1% 2.3% 0.6% 0.2% 0.1% 0.0% Personal Lines 47.6% 23.5% 15.6% 11.9% 1.0% 0.3% 0.0% 0.1% 0.0% 0.0% Total Lines 40.8% 26.3% 17.1% 8.6% 4.0% 2.3% 0.6% 0.2% 0.1% 0.0%

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2021
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 2021, 2020 and 2019 ceded written and earned premium amounts include $86,000, $195,000 and $495,000 of reinsurance reinstatement costs relating to Hurricane Irma, respectively. In 2021, ceded written and earned amounts include $340,000 of reinsurance reinstatement costs relating to Winter Storm Uri. Year Ended December 31, 2021 2020 2019 Written premiums: Direct $ 97,801 $ 82,430 $ 68,394 Assumed 34,294 28,905 33,459 Ceded (30,666 ) (18,395 ) (14,129 ) Net written premiums $ 101,429 $ 92,940 $ 87,724 Earned premiums: Direct $ 91,943 $ 75,130 $ 70,911 Assumed 31,107 31,484 32,292 Ceded (24,248 ) (17,511 ) (14,114 ) Net earned premiums $ 98,802 $ 89,103 $ 89,089 Loss and loss adjustment expenses: Direct $ 71,021 $ 48,780 $ 66,256 Assumed 25,740 24,429 25,510 Ceded (26,900 ) (16,981 ) (32,022 ) Net loss and LAE $ 69,861 $ 56,228 $ 59,744

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Outstanding Senior Debt	A summary of the Company's outstanding debt is as follows (dollars in thousands): December 31, 2021 2020 Senior unsecured notes $ 23,926 $ 23,665 Subordinated notes 9,638 9,587 Line of credit — 5,000 Paycheck Protection Program loan — 2,745 Total $ 33,564 $ 40,997 * The PPP loan was embedded into the line of credit facility. See below.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense (Benefit)	The income tax expense (benefit) is comprised of the following (dollars in thousands): Year Ended December 31, 2021 2020 2019 Current tax expense (benefit) $ 208 $ 6 $ 27 Deferred tax expense (benefit) — — (940 ) Total income tax expense (benefit) $ 208 $ 6 $ (913 )
Summary of Income Tax Expense (Benefit) Reconciliation	The income tax expense (benefit) differed from the amounts computed by applying the statutory U.S. federal income tax rate of 21% in 2021, 2020 and 2019 to pretax income as a result of the following (dollars in thousands): Year Ended December 31, 2021 2020 2019 Income (loss) before income taxes $ (1,710 ) $ (238 ) $ (9,121 ) Statutory U.S. federal income tax rate (359 ) (50 ) (1,915 ) State income taxes, net of federal benefit 174 44 (230 ) Tax‑exempt investment income and dividend received deduction (40 ) (50 ) (79 ) Nondeductible meals and entertainment 33 23 38 Valuation allowance on deferred tax assets 676 (205 ) 966 Equity-earnings from Affiliate 170 88 81 PPP Loan forgiveness (578 ) — — Other 132 156 227 Income tax expense (benefit) $ 208 $ 6 $ (913 ) Effective tax rate (12.2 )% (2.6 )% 10.0 %
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below (dollars in thousands): December 31, 2021 2020 Deferred tax assets: Discounted unpaid losses and loss adjustment expenses $ 1,555 $ 1,359 Unearned premiums 2,561 2,436 Net operating loss carryforwards 12,544 12,443 Net unrealized losses on investments 418 — State net operating loss carryforwards 822 837 Other 102 132 Gross deferred tax assets 18,002 17,207 Less valuation allowance (14,594 ) (13,292 ) Total deferred tax assets, net of allowance 3,408 3,915 Deferred tax liabilities: Investment basis difference 15 30 Tax rate change transition discounting 183 229 Equity investment in Affiliate 470 278 Net unrealized gains on investments — 636 Deferred policy acquisition costs 2,576 2,571 Intangible assets 115 115 Property and equipment 47 52 Other 2 4 Total deferred tax liabilities 3,408 3,915 Net deferred tax liability $ — $ —

Statutory Financial Data, Ris_2

Statutory Financial Data, Risk-Based Capital and Dividend Restrictions (Tables)	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Summary of Statutory Basis Information	Summarized 2021, 2020 and 2019 statutory basis information for the non-captive Insurance Company Subsidiaries, which differs from generally accepted accounting principles, is as follows (dollars in thousands). CIC WPIC 2021 Statutory capital and surplus $ 50,194 $ 23,603 RBC authorized control level 15,868 5,331 Statutory net income (loss) (9,161 ) (614 ) RBC % 316 % 443 % CIC WPIC 2020 Statutory capital and surplus $ 49,271 $ 24,723 RBC authorized control level 14,221 4,547 Statutory net income (loss) 2,059 1,024 RBC % 346 % 544 % CIC WPIC 2019 Statutory capital and surplus $ 46,206 $ 23,261 RBC authorized control level 12,868 4,266 Statutory net income (loss) (3,627 ) (3,652 ) RBC % 359 % 545 %

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2021
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): Year Ended December 31, 2021 2020 Balance at beginning of period $ 912 $ 489 Other comprehensive income (loss) before reclassifications (2,937 ) 1,589 Less: amounts reclassified from accumulated other comprehensive income (loss) 85 1,166 Net current period other comprehensive income (loss) (3,022 ) 423 Balance at end of period $ (2,110 ) $ 912

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
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 share and per share amounts): Year Ended December 31, 2021 2020 2019 Net income (loss) $ (1,094 ) $ 595 $ (7,822 ) Weighted average common shares, basic and diluted* 9,691,998 9,625,059 8,880,107 Earnings (loss) per share, basic and diluted (0.11 ) $ 0.06 $ (0.88 ) * The non-vested shares of the restricted stock units and stock options were anti-dilutive as of December 31, 2021, 2020, and 2019. Therefore, the non-vested shares are excluded from earnings (loss) per share for the years ended December 31, 2021, 2020, and 2019.

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule of Information by Reportable Segment	The following table summarizes our net earned premiums: Net Earned Premium 2021 2020 2019 Commercial 89 % 92 % 94 % Personal 11 % 8 % 6 % Total 100 % 100 % 100 % The following tables present information by reportable segment (dollars in thousands): Year Ended December 31, 2021 Commercial Lines Personal Lines Under-writing Wholesale Agency Corp-orate Elim-inations Total Gross written premiums $ 117,075 $ 15,020 $ 132,095 $ — $ — $ — $ 132,095 Net written premiums $ 87,307 $ 14,122 $ 101,429 $ — $ — $ — $ 101,429 Net earned premiums $ 87,759 $ 11,043 $ 98,802 $ — $ — $ — $ 98,802 Other income 215 143 358 5,848 365 (3,900 ) 2,671 Segment revenue 87,974 11,186 99,160 5,848 365 (3,900 ) 101,473 Loss and loss adjustment expenses, net 63,868 5,993 69,861 — — — 69,861 Policy acquisition costs 25,687 3,307 28,994 3,727 — (4,270 ) 28,451 Operating expenses 11,648 1,357 13,005 2,382 1,122 — 16,509 Segment expenses 101,203 10,657 111,860 6,109 1,122 (4,270 ) 114,821 Segment underwriting gain (loss) (13,229 ) 529 (12,700 ) (261 ) (757 ) 370 (13,348 ) Net investment income 1,968 1,968 Net realized investment gains 2,878 2,878 Change in fair value of equity securities (2,020 ) (2,020 ) Other gains 11,664 11,664 Interest expense (2,852 ) (2,852 ) Income (loss) before income taxes $ (13,229 ) $ 529 $ (12,700 ) $ (261 ) $ 10,881 $ 370 $ (1,710 ) Selected Balance Sheet Data: Deferred policy acquisition costs $ 10,619 $ 2,075 $ (427 ) $ 12,267 Unearned premiums 57,491 7,778 65,269 Unpaid losses and loss adjustment expenses 135,084 4,001 139,085 Year Ended December 31, 2020 Commercial Lines Personal Lines Under-writing Wholesale Agency Corp-orate Elim-inations Total Gross written premiums $ 102,763 $ 8,572 $ 111,335 $ — $ — $ — $ 111,335 Net written premiums $ 85,385 $ 7,555 $ 92,940 $ — $ — $ — $ 92,940 Net earned premiums $ 82,409 $ 6,694 $ 89,103 $ — $ — $ — $ 89,103 Other income 242 150 392 7,571 245 (5,593 ) 2,615 Segment revenue 82,651 6,844 89,495 7,571 245 (5,593 ) 91,718 Loss and loss adjustment expenses, net 53,263 2,965 56,228 — — — 56,228 Policy acquisition costs 25,051 2,044 27,095 4,938 — (5,928 ) 26,105 Operating expenses 12,644 1,069 13,713 3,107 1,648 — 18,468 Segment expenses 90,958 6,078 97,036 8,045 1,648 (5,928 ) 100,801 Segment underwriting gain (loss) (8,307 ) 766 (7,541 ) (474 ) (1,403 ) $ 335 (9,083 ) Net investment income 3,156 3,156 Net realized investment gains 8,126 8,126 Change in fair value of equity securities 228 228 Other gains 260 260 Interest expense (2,925 ) (2,925 ) Income (loss) before income taxes $ (8,307 ) $ 766 $ (7,541 ) $ (474 ) $ 7,442 $ 335 $ (238 ) Selected Balance Sheet Data: Deferred policy acquisition costs $ 11,858 $ 1,183 $ (798 ) $ 12,243 Unearned premiums 51,535 4,689 56,224 Unpaid losses and loss adjustment expenses 106,662 4,608 111,270 Year Ended December 31, 2019 Commercial Lines Personal Lines Under-writing Wholesale Agency Corp-orate Elim-inations Total Gross written premiums $ 94,391 $ 7,462 $ 101,853 $ — $ — $ — $ 101,853 Net written premiums $ 81,966 $ 5,758 $ 87,724 $ — $ — $ — $ 87,724 Net earned premiums $ 83,858 $ 5,231 $ 89,089 $ — $ — $ — $ 89,089 Other income 216 143 359 9,073 224 (7,547 ) 2,109 Segment revenue 84,074 5,374 89,448 9,073 224 (7,547 ) 91,198 Loss and loss adjustment expenses, net 53,256 6,488 59,744 — — — 59,744 Policy acquisition costs 23,511 1,744 25,255 6,063 — (6,407 ) 24,911 Operating expenses 12,881 1,233 14,114 2,180 1,288 — 17,582 Segment expenses 89,648 9,465 99,113 8,243 1,288 (6,407 ) 102,237 Segment underwriting gain (loss) (5,574 ) (4,091 ) (9,665 ) 830 (1,064 ) $ (1,140 ) (11,039 ) Net investment income 4,031 4,031 Net realized investment gains 1,196 1,196 Change in fair value of equity securities (427 ) (427 ) Interest expense (2,882 ) (2,882 ) Income (loss) before income taxes $ (5,574 ) $ (4,091 ) $ (9,665 ) $ 830 $ 854 $ (1,140 ) $ (9,121 ) Selected Balance Sheet Data: Deferred policy acquisition costs $ 12,033 $ 1,007 $ (1,134 ) $ 11,906 Unearned premiums 47,674 3,829 51,503 Unpaid losses and loss adjustment expenses 101,850 5,396 107,246

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details)	12 Months Ended
	Dec. 31, 2021USD ($)class_businessstate	Dec. 31, 2020USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of types of business | class_business	3
Number of states in which entity operates | state	50
Discount rate	6.75%
Unrecognized tax benefits	$ 0	$ 0
Income tax penalties and interest accrued	0	$ 0
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use asset	$ 1,400,000
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets
Lease liability	$ 1,500,000
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease term	5 years
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease term	10 years

Sale of Certain Agency Busine_2

Sale of Certain Agency Business - Narrative (Details)	Dec. 14, 2021USD ($)	Jun. 30, 2021USD ($)	Dec. 31, 2021USD ($)Interger	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Other gains			$ 11,664,000	$ 260,000	$ 0
Venture Holdings, Inc
Other gains		$ 8,900,000
Purchase price		10,000,000
Paid in cash		$ 1,000,000
Number of promissory notes | Interger			2
Payment annum rate			7.00%
Payment maturity period			5 years
Repayments of Debt	$ 3,000,000
Venture Holdings, Inc | Prepayment Penalty
Repayments of Debt			$ 0
Venture Holdings, Inc | Promissory Notes
Remaining balance paid by promissory note			9,000,000
Venture Holdings, Inc | Promissory Notes One
Remaining balance paid by promissory note			6,000,000
Venture Holdings, Inc | Promissory Notes Two
Remaining balance paid by promissory note			$ 3,000,000

Investments - Available-for-sal

Investments - Available-for-sale Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	$ 150,732	$ 149,954
Debt securities, Gross Unrealized Gain	898	2,196
Debt securities, Gross Unrealized Losses	(1,847)	(151)
Debt securities, Estimated Fair Value	149,783	151,999
U.S. Government
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	20,723	30,743
Debt securities, Gross Unrealized Gain	74	225
Debt securities, Gross Unrealized Losses	(77)	(1)
Debt securities, Estimated Fair Value	20,720	30,967
State and local government
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	30,063	32,253
Debt securities, Gross Unrealized Gain	555	1,040
Debt securities, Gross Unrealized Losses	(189)	(28)
Debt securities, Estimated Fair Value	30,429	33,265
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	30,808	19,015
Debt securities, Gross Unrealized Gain	88	311
Debt securities, Gross Unrealized Losses	(550)	(23)
Debt securities, Estimated Fair Value	30,346	19,303
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	28,652	20,987
Debt securities, Gross Unrealized Gain	10	49
Debt securities, Gross Unrealized Losses	(224)	(73)
Debt securities, Estimated Fair Value	28,438	20,963
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	33,178	38,512
Debt securities, Gross Unrealized Gain	105	345
Debt securities, Gross Unrealized Losses	(762)	(3)
Debt securities, Estimated Fair Value	32,521	38,854
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	1,659	2,083
Debt securities, Gross Unrealized Gain	31	65
Debt securities, Gross Unrealized Losses		(22)
Debt securities, Estimated Fair Value	1,690	2,126
Collateralized mortgage obligations
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	5,649	6,361
Debt securities, Gross Unrealized Gain	35	161
Debt securities, Gross Unrealized Losses	(45)	(1)
Debt securities, Estimated Fair Value	$ 5,639	$ 6,521

Investments - Available-for-s_2

Investments - Available-for-sale Securities in Unrealized Loss Positions (Details) $ in Thousands	Dec. 31, 2021USD ($)security	Dec. 31, 2020USD ($)security
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Debt securities, less than 12 months, number of issues | security	134	32
Debt securities, 12 months or More, number of issues | security	10	11
Debt securities, number of issues | security	144	43
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 95,923	$ 20,516
Debt securities, 12 months or More, fair value	7,801	6,551
Debt securities, fair value	103,724	27,067
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(1,750)	(112)
Debt securities, 12 months or More, unrealized losses	(97)	(39)
Debt securities, total unrealized losses	$ (1,847)	$ (151)
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	6	2
Debt securities, 12 months or More, number of issues | security	1	0
Debt securities, number of issues | security	7	2
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 10,323	$ 6,764
Debt securities, 12 months or More, fair value	4,728	0
Debt securities, fair value	15,051	6,764
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(47)	(1)
Debt securities, 12 months or More, unrealized losses	(30)	0
Debt securities, total unrealized losses	$ (77)	$ (1)
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	41	16
Debt securities, 12 months or More, number of issues | security	4	0
Debt securities, number of issues | security	45	16
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 8,875	$ 3,905
Debt securities, 12 months or More, fair value	446	0
Debt securities, fair value	9,321	3,905
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(172)	(28)
Debt securities, 12 months or More, unrealized losses	(17)	0
Debt securities, total unrealized losses	$ (189)	$ (28)
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	41	2
Debt securities, 12 months or More, number of issues | security	1	0
Debt securities, number of issues | security	42	2
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 22,748	$ 1,051
Debt securities, 12 months or More, fair value	705	0
Debt securities, fair value	23,453	1,051
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(505)	(23)
Debt securities, 12 months or More, unrealized losses	(45)	0
Debt securities, total unrealized losses	$ (550)	$ (23)
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	24	7
Debt securities, 12 months or More, number of issues | security	2	11
Debt securities, number of issues | security	26	18
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 24,305	$ 6,050
Debt securities, 12 months or More, fair value	1,893	6,551
Debt securities, fair value	26,198	12,601
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(219)	(34)
Debt securities, 12 months or More, unrealized losses	(5)	(39)
Debt securities, total unrealized losses	$ (224)	$ (73)
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	12	2
Debt securities, 12 months or More, number of issues | security	0	0
Debt securities, number of issues | security	12	2
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 27,034	$ 1,652
Debt securities, 12 months or More, fair value	0	0
Debt securities, fair value	27,034	1,652
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(762)	(3)
Debt securities, 12 months or More, unrealized losses	0	0
Debt securities, total unrealized losses	$ (762)	$ (3)
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	0	1
Debt securities, 12 months or More, number of issues | security	0	0
Debt securities, number of issues | security	0	1
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 0	$ 899
Debt securities, 12 months or More, fair value	0	0
Debt securities, fair value	0	899
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	0	(22)
Debt securities, 12 months or More, unrealized losses	0	0
Debt securities, total unrealized losses	$ 0	$ (22)
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	10	2
Debt securities, 12 months or More, number of issues | security	2	0
Debt securities, number of issues | security	12	2
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 2,638	$ 195
Debt securities, 12 months or More, fair value	29	0
Debt securities, fair value	2,667	195
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(45)	(1)
Debt securities, 12 months or More, unrealized losses	0	0
Debt securities, total unrealized losses	$ (45)	$ (1)

Investments - Net Investment In

Investments - Net Investment Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net Investment Income [Line Items]
Investment income	$ 2,413	$ 3,571	$ 4,315
Investment expenses	(445)	(415)	(284)
Net investment income	1,968	3,156	4,031
Debt securities
Net Investment Income [Line Items]
Investment income	2,217	3,213	3,476
Equity securities
Net Investment Income [Line Items]
Investment income	194	220	352
Cash, cash equivalents and short-term investments
Net Investment Income [Line Items]
Investment income	$ 2	$ 138	$ 487

Investments - Gross Realized Ga

Investments - Gross Realized Gains and Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt securities:
Gross realized gains	$ 63	$ 4,646	$ 269
Gross realized losses	(6)	(8)	(54)
Total debt securities	57	4,638	215
Equity securities:
Gross realized gains	4,605	4,854	1,020
Gross realized losses	(1,784)	(1,366)	(39)
Total equity securities	2,821	3,488	981
Total net realized investment gains	$ 2,878	$ 8,126	$ 1,196

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Proceeds from sale of available-for-sale debt securities	$ 31,700,000	$ 101,200,000	$ 33,700,000
Gross realized gains	27,000	4,600,000	274,000
Gross realized losses	6,000	0	53,000
Amount payable for securities purchased	1,000,000	1,700,000	2,100,000
Amount receivable for securities sold	523,000	809,000	$ 6,000
Other than temporary impairments losses, investments	0
Investments	1,200,000
Deposits held in trust accounts	8,500,000	8,800,000
Deposits, held in trust for collateral requirements	$ 76,100,000	$ 67,600,000

Investments - Available-for-s_3

Investments - Available-for-sale Fixed Maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Amortized Cost
Due in one year or less	$ 13,029
Due after one year through five years	28,582
Due after five years through ten years	22,984
Due after ten years	16,999
Securities with contractual maturities	81,594
Total debt securities	150,732	$ 149,954
Estimated Fair Value
Due in one year or less	13,046
Due after one year through five years	28,622
Due after five years through ten years	22,727
Due after ten years	17,100
Securities with contractual maturities	81,495
Total debt securities	149,783	151,999
Asset-backed securities
Amortized Cost
Total debt securities	28,652	20,987
Estimated Fair Value
Total debt securities	28,438	20,963
Mortgage-backed securities
Amortized Cost
Total debt securities	33,178	38,512
Estimated Fair Value
Total debt securities	32,521	38,854
Commercial mortgage-backed securities
Amortized Cost
Total debt securities	1,659	2,083
Estimated Fair Value
Total debt securities	1,690	2,126
Collateralized mortgage obligations
Amortized Cost
Total debt securities	5,649	6,361
Estimated Fair Value
Total debt securities	$ 5,639	$ 6,521

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Apr. 24, 2020
Assets:
Debt securities, Estimated Fair Value	$ 149,783	$ 151,999
Equity Securities	9,437	17,336
Short-term investments	23,013	13,317
Total marketable investments measured at fair value	182,233	182,652
Total assets measured at fair value	182,727	183,207
Liabilities:
Total Liabilities measured at fair value	35,822	40,036
Debt	33,564	40,997
Line of credit
Liabilities:
Debt	0	5,000
Paycheck Protection Program
Liabilities:
Debt	0	2,745	$ 2,700
U.S. Government
Assets:
Debt securities, Estimated Fair Value	20,720	30,967
State and local government
Assets:
Debt securities, Estimated Fair Value	30,429	33,265
Corporate debt
Assets:
Debt securities, Estimated Fair Value	30,346	19,303
Asset-backed securities
Assets:
Debt securities, Estimated Fair Value	28,438	20,963
Mortgage-backed securities
Assets:
Debt securities, Estimated Fair Value	32,521	38,854
Commercial mortgage-backed securities
Assets:
Debt securities, Estimated Fair Value	1,690	2,126
Collateralized mortgage obligations
Assets:
Debt securities, Estimated Fair Value	5,639	6,521
Senior Unsecured Notes
Liabilities:
Debt	24,118	20,675
Subordinated notes
Liabilities:
Debt	11,704	11,616
Partnership interest
Assets:
Investments measured at NAV	494	555
Level 1
Assets:
Debt securities, Estimated Fair Value	0	0
Equity Securities	9,154	17,053
Short-term investments	23,013	13,317
Total marketable investments measured at fair value	32,167	30,370
Liabilities:
Total Liabilities measured at fair value	0	0
Level 1 | U.S. Government
Assets:
Debt securities, Estimated Fair Value	0	0
Level 1 | State and local government
Assets:
Debt securities, Estimated Fair Value	0	0
Level 1 | Corporate debt
Assets:
Debt securities, Estimated Fair Value	0	0
Level 1 | Asset-backed securities
Assets:
Debt securities, Estimated Fair Value	0	0
Level 1 | Mortgage-backed securities
Assets:
Debt securities, Estimated Fair Value	0	0
Level 1 | Commercial mortgage-backed securities
Assets:
Debt securities, Estimated Fair Value	0	0
Level 1 | Collateralized mortgage obligations
Assets:
Debt securities, Estimated Fair Value	0	0
Level 1 | Senior Unsecured Notes
Liabilities:
Debt	0	0
Level 1 | Subordinated notes
Liabilities:
Debt	0	0
Level 2
Assets:
Debt securities, Estimated Fair Value	149,783	151,999
Equity Securities	283	283
Short-term investments	0
Total marketable investments measured at fair value	150,066	152,282
Liabilities:
Total Liabilities measured at fair value	24,118	28,420
Level 2 | Line of credit
Liabilities:
Debt		5,000
Level 2 | Paycheck Protection Program
Liabilities:
Debt		2,745
Level 2 | U.S. Government
Assets:
Debt securities, Estimated Fair Value	20,720	30,967
Level 2 | State and local government
Assets:
Debt securities, Estimated Fair Value	30,429	33,265
Level 2 | Corporate debt
Assets:
Debt securities, Estimated Fair Value	30,346	19,303
Level 2 | Asset-backed securities
Assets:
Debt securities, Estimated Fair Value	28,438	20,963
Level 2 | Mortgage-backed securities
Assets:
Debt securities, Estimated Fair Value	32,521	38,854
Level 2 | Commercial mortgage-backed securities
Assets:
Debt securities, Estimated Fair Value	1,690	2,126
Level 2 | Collateralized mortgage obligations
Assets:
Debt securities, Estimated Fair Value	5,639	6,521
Level 2 | Senior Unsecured Notes
Liabilities:
Debt	24,118	20,675
Level 2 | Subordinated notes
Liabilities:
Debt	0	0
Level 3
Assets:
Debt securities, Estimated Fair Value	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	11,704	11,616
Level 3 | U.S. Government
Assets:
Debt securities, Estimated Fair Value	0	0
Level 3 | State and local government
Assets:
Debt securities, Estimated Fair Value	0	0
Level 3 | Corporate debt
Assets:
Debt securities, Estimated Fair Value	0	0
Level 3 | Asset-backed securities
Assets:
Debt securities, Estimated Fair Value	0	0
Level 3 | Mortgage-backed securities
Assets:
Debt securities, Estimated Fair Value	0	0
Level 3 | Commercial mortgage-backed securities
Assets:
Debt securities, Estimated Fair Value	0	0
Level 3 | Collateralized mortgage obligations
Assets:
Debt securities, Estimated Fair Value	0	0
Level 3 | Senior Unsecured Notes
Liabilities:
Debt	0	0
Level 3 | Subordinated notes
Liabilities:
Debt	$ 11,704	$ 11,616

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	Dec. 31, 2021
Level 1
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment portfolio percentage	17.60%
Level 2
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment portfolio percentage	82.10%

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs - Activity in Deferred Policy Acquisition Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance at beginning of period	$ 12,243	$ 11,906	$ 12,011
Deferred policy acquisition costs	28,475	26,442	24,806
Amortization of policy acquisition costs	(28,451)	(26,105)	(24,911)
Net change	24	337	(105)
Balance at end of period	$ 12,267	$ 12,243	$ 11,906

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	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Gross reserves - beginning of period	$ 111,270	$ 107,246	$ 92,807
Less: reinsurance recoverables on unpaid losses	24,218	22,579	29,685
Plus: deferred gain on ADC			(5,677)
Net reserves - beginning of period	87,052	84,667	68,799
Add: incurred losses and loss adjustment expenses, net of reinsurance
Current period	50,429	40,634	49,192
Prior period	19,432	15,594	10,552
Total net incurred losses and loss adjustment expenses	69,861	56,228	59,744
Deduct: loss and loss adjustment expense payments, net of reinsurance
Current period	18,984	13,599	14,357
Prior period	39,188	40,244	29,519
Total net loss and loss adjustment expense payments	58,172	53,843	43,876
Net reserves - end of period	98,741	87,052	84,667
Plus: reinsurance recoverables on unpaid losses	40,344	24,218	22,579
Gross reserves - end of period	$ 139,085	$ 111,270	$ 107,246

Unpaid Losses and Loss Adjust_4

Unpaid Losses and Loss Adjustment Expenses - Narrative (Details) - USD ($) $ in Thousands	Sep. 28, 2017	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2017
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments			$ 19,432	$ 15,594	$ 10,552
Losses and loss adjustment expenses, net			69,861	56,228	59,744
Unpaid losses and loss adjustment expenses			$ 139,085	111,270	107,246	$ 92,807
Adverse Development Cover Reinsurance Agreement
Liability for Claims and Claims Adjustment Expense [Line Items]
Amount reinsured	$ 17,500
Reinsurance retention policy, co-participation (percentage)	10.00%
Maximum
Liability for Claims and Claims Adjustment Expense [Line Items]
Reinsurance retention policy, co-participation (percentage)			60.00%
Maximum | Adverse Development Cover Reinsurance Agreement
Liability for Claims and Claims Adjustment Expense [Line Items]
Reinsurance retention policy carried reserves threshold	$ 19,500
Unpaid losses and loss adjustment expenses							$ 57,500
Minimum
Liability for Claims and Claims Adjustment Expense [Line Items]
Reinsurance retention policy, co-participation (percentage)			40.00%
Minimum | Adverse Development Cover Reinsurance Agreement
Liability for Claims and Claims Adjustment Expense [Line Items]
Reinsurance retention policy carried reserves threshold	$ 1,400
Unpaid losses and loss adjustment expenses							$ 36,600
Winter Storm Uri
Liability for Claims and Claims Adjustment Expense [Line Items]
Losses and loss adjustment expenses, net		$ 2,000
Commercial Line
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments			$ 18,500	15,200	7,600
Losses and loss adjustment expenses, net					(5,700)
Personal Line
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments			957,000,000	352,000,000	3,000
Hospitality
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments			12,000	12,000	11,000
Small Business Lines
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments			$ 6,500	$ 3,200	2,400
Florida Homeowners
Liability for Claims and Claims Adjustment Expense [Line Items]
Prior year adjustments					$ 1,700

Unpaid Losses and Loss Adjust_5

Unpaid Losses and Loss Adjustment Expenses - Loss Development (Details) $ in Thousands	Dec. 31, 2021USD ($)claim	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
Claims Development [Line Items]
Incurred	$ 478,034
Total IBNR	32,702
Cumulative Paid	385,580
Unpaid losses and ALAE, years 2012 through 2021	92,454
Unpaid losses and ALAE, prior to 2012	141
Unpaid losses and ALAE, net of reinsurance	92,595
Commercial Lines
Claims Development [Line Items]
Incurred	366,009
Total IBNR	31,821
Cumulative Paid	275,688
Unpaid losses and ALAE, years 2012 through 2021	90,321
Unpaid losses and ALAE, prior to 2012	141
Unpaid losses and ALAE, net of reinsurance	90,462
Personal Lines
Claims Development [Line Items]
Incurred	112,025
Total IBNR	881
Cumulative Paid	109,892
Unpaid losses and ALAE, years 2012 through 2021	2,133
Unpaid losses and ALAE, net of reinsurance	2,133
Accident Year 2012
Claims Development [Line Items]
Incurred	18,705	$ 18,627	$ 18,578	$ 18,566	$ 18,554	$ 18,642	$ 18,544	$ 18,028	$ 18,111	$ 17,705
Total IBNR	$ 0
Cumulative number of reported claims | claim	3,910
Cumulative Paid	$ 18,696	18,627	18,558	18,538	18,369	18,195	17,335	15,540	12,954	7,990
Accident Year 2012 | Commercial Lines
Claims Development [Line Items]
Incurred	6,255	6,245	6,209	6,209	6,190	6,253	6,384	6,288	6,421	7,745
Total IBNR	$ 0
Cumulative number of reported claims | claim	571
Cumulative Paid	$ 6,246	6,245	6,209	6,209	6,065	5,994	5,558	4,696	3,703	2,325
Accident Year 2012 | Personal Lines
Claims Development [Line Items]
Incurred	12,450	12,382	12,369	12,357	12,365	12,390	12,159	11,740	11,690	9,960
Total IBNR	$ 0
Cumulative number of reported claims | claim	3,339
Cumulative Paid	$ 12,450	12,382	12,349	12,329	12,306	12,202	11,777	10,844	9,251	$ 5,665
Accident Year 2013
Claims Development [Line Items]
Incurred	31,094	31,030	30,846	30,420	30,419	29,375	28,817	27,431	28,052
Total IBNR	$ 40
Cumulative number of reported claims | claim	5,820
Cumulative Paid	$ 30,929	30,842	30,351	29,824	29,162	27,223	25,695	22,094	13,934
Accident Year 2013 | Commercial Lines
Claims Development [Line Items]
Incurred	11,867	11,804	11,624	11,218	11,252	10,237	9,893	9,435	10,018
Total IBNR	$ 40
Cumulative number of reported claims | claim	612
Cumulative Paid	$ 11,702	11,620	11,137	10,650	10,147	8,622	7,643	6,211	3,979
Accident Year 2013 | Personal Lines
Claims Development [Line Items]
Incurred	19,227	19,226	19,222	19,202	19,167	19,138	18,925	17,996	18,034
Total IBNR	$ 0
Cumulative number of reported claims | claim	5,208
Cumulative Paid	$ 19,227	19,222	19,214	19,174	19,014	18,600	18,052	15,883	$ 9,955
Accident Year 2014
Claims Development [Line Items]
Incurred	47,272	47,140	46,848	46,074	44,247	40,446	37,378	37,660
Total IBNR	$ 125
Cumulative number of reported claims | claim	5,490
Cumulative Paid	$ 46,718	46,457	45,591	43,464	40,192	34,718	30,492	21,534
Accident Year 2014 | Commercial Lines
Claims Development [Line Items]
Incurred	29,175	29,045	28,766	28,145	26,367	22,711	19,907	19,709
Total IBNR	$ 125
Cumulative number of reported claims | claim	1,753
Cumulative Paid	$ 28,648	28,389	27,544	25,609	22,446	17,458	13,977	8,715
Accident Year 2014 | Personal Lines
Claims Development [Line Items]
Incurred	18,097	18,095	18,082	17,929	17,880	17,735	17,471	17,951
Total IBNR	$ 0
Cumulative number of reported claims | claim	3,737
Cumulative Paid	$ 18,070	18,068	18,047	17,855	17,746	17,260	16,515	$ 12,819
Accident Year 2015
Claims Development [Line Items]
Incurred	54,251	53,222	51,736	49,763	46,581	40,078	33,319
Total IBNR	$ 293
Cumulative number of reported claims | claim	4,513
Cumulative Paid	$ 52,979	51,123	49,747	45,634	36,393	29,690	18,241
Accident Year 2015 | Commercial Lines
Claims Development [Line Items]
Incurred	38,824	37,795	36,372	34,478	31,861	26,633	22,442
Total IBNR	$ 293
Cumulative number of reported claims | claim	2,361
Cumulative Paid	$ 37,563	35,833	34,497	30,475	22,549	17,817	10,470
Accident Year 2015 | Personal Lines
Claims Development [Line Items]
Incurred	15,427	15,427	15,364	15,285	14,721	13,445	10,877
Total IBNR	$ 0
Cumulative number of reported claims | claim	2,152
Cumulative Paid	$ 15,416	15,290	15,250	15,159	13,844	11,873	$ 7,771
Accident Year 2016
Claims Development [Line Items]
Incurred	62,627	61,744	59,905	55,389	48,353	44,015
Total IBNR	$ 620
Cumulative number of reported claims | claim	5,370
Cumulative Paid	$ 59,096	57,296	53,077	42,227	30,373	17,374
Accident Year 2016 | Commercial Lines
Claims Development [Line Items]
Incurred	46,993	46,089	44,355	40,440	34,935	32,396
Total IBNR	$ 620
Cumulative number of reported claims | claim	3,556
Cumulative Paid	$ 43,644	41,945	37,967	27,785	19,135	10,255
Accident Year 2016 | Personal Lines
Claims Development [Line Items]
Incurred	15,634	15,655	15,550	14,949	13,418	11,619
Total IBNR	$ 0
Cumulative number of reported claims | claim	1,814
Cumulative Paid	$ 15,452	15,351	15,110	14,442	11,238	$ 7,119
Accident Year 2017
Claims Development [Line Items]
Incurred	70,500	66,676	64,242	58,045	58,309
Total IBNR	$ 1,451
Cumulative number of reported claims | claim	8,744
Cumulative Paid	$ 62,014	56,834	48,209	35,964	20,768
Accident Year 2017 | Commercial Lines
Claims Development [Line Items]
Incurred	55,589	51,883	49,749	44,495	44,251
Total IBNR	$ 1,451
Cumulative number of reported claims | claim	5,828
Cumulative Paid	$ 47,148	42,308	34,205	23,020	12,448
Accident Year 2017 | Personal Lines
Claims Development [Line Items]
Incurred	14,911	14,793	14,493	13,550	14,058
Total IBNR	$ 0
Cumulative number of reported claims | claim	2,916
Cumulative Paid	$ 14,866	14,526	14,004	12,944	$ 8,320
Accident Year 2018
Claims Development [Line Items]
Incurred	61,643	56,024	48,810	48,517
Total IBNR	$ 1,901
Cumulative number of reported claims | claim	6,915
Cumulative Paid	$ 47,819	37,733	25,417	14,671
Accident Year 2018 | Commercial Lines
Claims Development [Line Items]
Incurred	55,261	49,741	42,432	42,624
Total IBNR	$ 1,901
Cumulative number of reported claims | claim	6,113
Cumulative Paid	$ 41,577	31,633	19,799	10,375
Accident Year 2018 | Personal Lines
Claims Development [Line Items]
Incurred	6,382	6,283	6,378	5,893
Total IBNR	$ 0
Cumulative number of reported claims | claim	802
Cumulative Paid	$ 6,242	6,100	5,618	$ 4,296
Accident Year 2019
Claims Development [Line Items]
Incurred	49,227	44,841	44,385
Total IBNR	$ 3,640
Cumulative number of reported claims | claim	6,629
Cumulative Paid	$ 31,650	23,066	12,197
Accident Year 2019 | Commercial Lines
Claims Development [Line Items]
Incurred	46,329	42,129	41,286
Total IBNR	$ 3,640
Cumulative number of reported claims | claim	6,288
Cumulative Paid	$ 28,958	20,462	10,078
Accident Year 2019 | Personal Lines
Claims Development [Line Items]
Incurred	2,898	2,712	3,099
Total IBNR	$ 0
Cumulative number of reported claims | claim	341
Cumulative Paid	$ 2,692	2,604	$ 2,119
Accident Year 2020
Claims Development [Line Items]
Incurred	37,918	36,206
Total IBNR	$ 7,375
Cumulative number of reported claims | claim	4,147
Cumulative Paid	$ 19,787	11,524
Accident Year 2020 | Commercial Lines
Claims Development [Line Items]
Incurred	35,328	33,867
Total IBNR	$ 7,268
Cumulative number of reported claims | claim	3,782
Cumulative Paid	$ 17,332	10,217
Accident Year 2020 | Personal Lines
Claims Development [Line Items]
Incurred	2,590	2,339
Total IBNR	$ 107
Cumulative number of reported claims | claim	365
Cumulative Paid	$ 2,455	$ 1,307
Accident Year 2021
Claims Development [Line Items]
Incurred	44,797
Total IBNR	$ 17,257
Cumulative number of reported claims | claim	3,093
Cumulative Paid	$ 15,892
Accident Year 2021 | Commercial Lines
Claims Development [Line Items]
Incurred	40,388
Total IBNR	$ 16,483
Cumulative number of reported claims | claim	2,559
Cumulative Paid	$ 12,870
Accident Year 2021 | Personal Lines
Claims Development [Line Items]
Incurred	4,409
Total IBNR	$ 774
Cumulative number of reported claims | claim	534
Cumulative Paid	$ 3,022

Unpaid Losses and Loss Adjust_6

Unpaid Losses and Loss Adjustment Expenses - Reconciliation of Loss to the Liability for Claims (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Unpaid losses and ALAE, net of reinsurance	$ 92,595
Reinsurance recoverables on unpaid losses	40,344	$ 24,218	$ 22,579	$ 29,685
ULAE expense	6,146
Total gross unpaid losses and LAE	139,085	$ 111,270	$ 107,246	$ 92,807
Commercial Lines
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Unpaid losses and ALAE, net of reinsurance	90,462
Reinsurance recoverables on unpaid losses	38,584
Personal Lines
Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability [Line Items]
Unpaid losses and ALAE, net of reinsurance	2,133
Reinsurance recoverables on unpaid losses	$ 1,760

Unpaid Losses and Loss Adjust_7

Unpaid Losses and Loss Adjustment Expenses - Loss Duration (Details)	Dec. 31, 2021
Short-duration Insurance Contracts, Historical Claims Duration [Line Items]
Year 1	40.80%
Year 2	26.30%
Year 3	17.10%
Year 4	8.60%
Year 5	4.00%
Year 6	2.30%
Year 7	0.60%
Year 8	0.20%
Year 9	0.10%
Year 10, and onwards	0.00%
Commercial Lines
Short-duration Insurance Contracts, Historical Claims Duration [Line Items]
Year 1	40.60%
Year 2	26.40%
Year 3	17.20%
Year 4	8.50%
Year 5	4.10%
Year 6	2.30%
Year 7	0.60%
Year 8	0.20%
Year 9	0.10%
Year 10, and onwards	0.00%
Personal Lines
Short-duration Insurance Contracts, Historical Claims Duration [Line Items]
Year 1	47.60%
Year 2	23.50%
Year 3	15.60%
Year 4	11.90%
Year 5	1.00%
Year 6	0.30%
Year 7	0.00%
Year 8	0.10%
Year 9	0.00%
Year 10, and onwards	0.00%

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($)	12 Months Ended			24 Months Ended	36 Months Ended	62 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2019
Effects Of Reinsurance [Line Items]
Prepaid reinsurance premiums	$ 8,301,000	$ 1,316,000		$ 8,301,000	$ 8,301,000
Assumed premiums written	34,294,000	28,905,000	$ 33,459,000
Ceded premium written	30,666,000	18,395,000	14,129,000
Ceded premiums earned	24,248,000	17,511,000	14,114,000
Winter Storm Uri
Effects Of Reinsurance [Line Items]
Ceded premium written	340,000
Ceded premiums earned	340,000
Hurricane
Effects Of Reinsurance [Line Items]
Ceded premium written	86,000	195,000	495,000
Ceded premiums earned	$ 86,000	195,000	495,000
Minimum
Effects Of Reinsurance [Line Items]
Reinsurance retention policy, reinsured percentage	40.00%
Maximum
Effects Of Reinsurance [Line Items]
Reinsurance retention policy, reinsured percentage	60.00%
Maximum | Homeowners Lines
Effects Of Reinsurance [Line Items]
Amount retained (excess of)	$ 300,000	300,000	300,000
Property Risk
Effects Of Reinsurance [Line Items]
Amount retained (excess of)	$ 200,000
Property Risk | Maximum
Effects Of Reinsurance [Line Items]
Amount retained (excess of)		400,000	300,000
Liability Risk
Effects Of Reinsurance [Line Items]
Percentage of ceding commission	40.00%
Prepaid reinsurance premiums	$ 1,800,000			1,800,000	1,800,000
Liability Risk | Maximum
Effects Of Reinsurance [Line Items]
Amount retained (excess of)	400,000	400,000	400,000
Workers Compensation and Casualty Clash
Effects Of Reinsurance [Line Items]
Amount retained (excess of)					1,000,000
Amount reinsured					19,000,000
Casualty Clash
Effects Of Reinsurance [Line Items]
Amount retained (excess of)	$ 20,000,000
Reinsurance retention policy, reinsured percentage	87.00%
Amount reinsured	$ 10,000,000
Liability Reinsurance Policy
Effects Of Reinsurance [Line Items]
Amount retained (excess of)					400,000
Amount reinsured					600,000
Property Reinsurance Policy | Homeowners Lines
Effects Of Reinsurance [Line Items]
Amount reinsured				1,700,000		$ 2,700,000
Property Reinsurance Policy | Commercial Lines
Effects Of Reinsurance [Line Items]
Amount retained (excess of)	200,000	300,000	300,000
Amount reinsured	7,800,000	7,700,000	3,700,000
Property Reinsurance Policy | Property, Liability and Casualty Insurance Product Line
Effects Of Reinsurance [Line Items]
Amount retained (excess of)	2,000,000	2,000,000	2,000,000
Insured property value	$ 28,000,000	$ 28,000,000	$ 28,000,000
Termination date	Jun. 1, 2022	Jun. 1, 2021	Jun. 1, 2020
Property Reinsurance Policy | Maximum | Homeowners Lines
Effects Of Reinsurance [Line Items]
Amount retained (excess of)				$ 300,000		$ 300,000
Multiple Line Reinsurance Policy | Commercial Lines
Effects Of Reinsurance [Line Items]
Amount retained (excess of)					400,000
Amount reinsured					$ 600,000
Quota Share Reinsurance Agreement | Minimum | Commercial Lines
Effects Of Reinsurance [Line Items]
Reinsurance retention policy, reinsured percentage	90.00%
Quota Share Reinsurance Agreement | Maximum | Commercial Lines
Effects Of Reinsurance [Line Items]
Reinsurance retention policy, reinsured percentage	100.00%
Quota Share Reinsurance Agreement, Other Arrangements | Maximum | Other insurance product line
Effects Of Reinsurance [Line Items]
Reinsurance retention policy, reinsured percentage	100.00%
Insurance Fronting Arrangement
Effects Of Reinsurance [Line Items]
Assumed premiums written	$ 34,300,000	$ 28,900,000	$ 33,500,000

Reinsurance - Effects of Reinsu

Reinsurance - Effects of Reinsurance and Assumption Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Written premiums:
Direct	$ 97,801	$ 82,430	$ 68,394
Assumed	34,294	28,905	33,459
Ceded	(30,666)	(18,395)	(14,129)
Net written premiums	101,429	92,940	87,724
Earned premiums:
Direct	91,943	75,130	70,911
Assumed	31,107	31,484	32,292
Ceded	(24,248)	(17,511)	(14,114)
Net earned premiums	98,802	89,103	89,089
Loss and loss adjustment expenses:
Direct	71,021	48,780	66,256
Assumed	25,740	24,429	25,510
Ceded	(26,900)	(16,981)	(32,022)
Total net incurred losses and loss adjustment expenses	$ 69,861	$ 56,228	$ 59,744

Debt - Narrative (Details)

Debt - Narrative (Details)	Apr. 24, 2020USD ($)	Sep. 24, 2018USD ($)	Dec. 31, 2021USD ($)debt_instrumentshares	Dec. 31, 2020USD ($)shares
Debt Instrument [Line Items]
Number of debt instruments | debt_instrument			3
Paycheck Protection Program
Debt Instrument [Line Items]
Debt	$ 2,700,000		$ 0	$ 2,745,000
Debt instrument, description	The Company received notice from the SBA that the loan was 100% forgiven, including accrued interest, on July 8, 2021. This resulted in a $2.8 million gain that is included in Other Gains on the Consolidated Statement of Operations
Loan forgiven date	Jul. 8, 2021
Paycheck Protection Program | Other Gains
Debt Instrument [Line Items]
Gain on forgiven loan	$ 2,800,000
Senior Unsecured Notes | Senior Unsecured Notes
Debt Instrument [Line Items]
Face amount of debt		$ 25,300,000	$ 24,400,000
Maturity date		Sep. 30, 2023
Interest rate		6.75%
Number of units repurchased | shares			0	36,761
Repurchased face value amount				$ 919,000
Gain on extinguishment of debt				$ 260,000
Debt issuance costs			$ 455,000
Line of credit
Debt Instrument [Line Items]
Borrowing capacity			10,000,000
Debt			$ 0
Line of credit | LIBOR
Debt Instrument [Line Items]
Variable interest rate			2.75%
Subordinated notes | Subordinated notes
Debt Instrument [Line Items]
Face amount of debt		$ 10,500,000	$ 10,500,000
Maturity date		Sep. 30, 2038
Interest rate, payment terms			Interest is payable quarterly at the end of March, June, September and December
Call premium percentage		12.50%
Debt issuance costs			$ 862,000
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

Debt - Outstanding Senior Debt

Debt - Outstanding Senior Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Apr. 24, 2020
Debt Instrument [Line Items]
Debt	$ 33,564	$ 40,997
Paycheck Protection Program
Debt Instrument [Line Items]
Debt	0	2,745	$ 2,700
Senior Unsecured Notes
Debt Instrument [Line Items]
Debt	23,926	23,665
Subordinated notes
Debt Instrument [Line Items]
Debt	9,638	9,587
Line of credit
Debt Instrument [Line Items]
Debt	$ 0	$ 5,000

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Loss Carryforwards [Line Items]
Current income tax payable	$ 34,000
Current income tax receivable		$ 9,000
Effective income tax rate	21.00%	21.00%	21.00%
Valuation allowance	$ 14,594,000	$ 13,292,000
Domestic Tax Authority | Internal Revenue Service (IRS)
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	59,700,000
Net operating loss carryforwards, subject to expiration	49,800,000
Net operating loss carryforwards, not subject to expiration	9,900,000
Net operating loss carryforwards subject to limitations	12,800,000
State Tax Authority
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 17,000,000
State Tax Authority | Minimum
Operating Loss Carryforwards [Line Items]
Income tax statute of limitations period	3 years
State Tax Authority | Maximum
Operating Loss Carryforwards [Line Items]
Income tax statute of limitations period	4 years

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Current tax expense (benefit)	$ 208	$ 6	$ 27
Deferred tax expense (benefit)	0	0	(940)
Total income tax expense (benefit)	$ 208	$ 6	$ (913)

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income (loss) before income taxes	$ (1,710)	$ (238)	$ (9,121)
Statutory U.S. federal income tax rate	(359)	(50)	(1,915)
State income taxes, net of federal benefit	174	44	(230)
Tax‑exempt investment income and dividend received deduction	(40)	(50)	(79)
Nondeductible meals and entertainment	33	23	38
Valuation allowance on deferred tax assets	676	(205)	966
Equity-earnings from Affiliate	170	88	81
PPP Loan forgiveness	(578)	0	0
Other	132	156	227
Total income tax expense (benefit)	$ 208	$ 6	$ (913)
Effective tax rate	(12.20%)	(2.60%)	10.00%

Income Taxes - Components of De

Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Discounted unpaid losses and loss adjustment expenses	$ 1,555	$ 1,359
Unearned premiums	2,561	2,436
Net operating loss carryforwards	12,544	12,443
Net unrealized losses on investments	418
State net operating loss carryforwards	822	837
Other	102	132
Gross deferred tax assets	18,002	17,207
Less valuation allowance	(14,594)	(13,292)
Total deferred tax assets, net of allowance	3,408	3,915
Deferred tax liabilities:
Investment basis difference	15	30
Tax rate change transition discounting	183	229
Equity investment in Affiliate	470	278
Net unrealized gains on investments		636
Deferred policy acquisition costs	2,576	2,571
Intangible assets	115	115
Property and equipment	47	52
Other	2	4
Total deferred tax liabilities	$ 3,408	$ 3,915

Statutory Financial Data, Ris_3

Statutory Financial Data, Risk-Based Capital and Dividend Restrictions - Summary of Statutory Basis Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
CIC
Statutory Accounting Practices [Line Items]
Statutory capital and surplus	$ 50,194	$ 49,271	$ 46,206
RBC authorized control level	15,868	14,221	12,868
Statutory net income (loss)	$ (9,161)	$ 2,059	$ (3,627)
RBC %	316.00%	346.00%	359.00%
WPIC
Statutory Accounting Practices [Line Items]
Statutory capital and surplus	$ 23,603	$ 24,723	$ 23,261
RBC authorized control level	5,331	4,547	4,266
Statutory net income (loss)	$ (614)	$ 1,024	$ (3,652)
RBC %	443.00%	544.00%	545.00%

Statutory Financial Data, Ris_4

Statutory Financial Data, Risk-Based Capital and Dividend Restrictions - Narrative (Details)	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Dividend restriction percentage of statutory surplus of preceding year	10.00%

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details)	1 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares	Dec. 31, 2021USD ($)voteshares	Dec. 31, 2020USD ($)shares	Dec. 05, 2018shares
Equity Class Of Treasury Stock [Line Items]
Common stock, shares issued (in shares)		9,707,817	9,681,728
Common stock, shares outstanding (in shares)		9,707,817	9,681,728
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)		3,886	9,188
Shares repurchased | $		$ 12,000	$ 28,000
Stock Repurchase Program, December 2018
Equity Class Of Treasury Stock [Line Items]
Shares repurchased (in shares)		0	2,398
Shares repurchased | $			$ 8,000
Stock Repurchase Program, December 2018 | Maximum
Equity Class Of Treasury Stock [Line Items]
Number of shares authorized for repurchase (in shares)				1,000,000
Common stocks
Equity Class Of Treasury Stock [Line Items]
Common stock, shares issued (in shares)		9,707,817	9,681,728
Common stock, shares outstanding (in shares)		9,707,817	9,681,728
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	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 44,413	$ 42,725
Other comprehensive income (loss)	(3,022)	423	$ 3,101
Balance at end of period	40,503	44,413	42,725
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	912	489
Other comprehensive income (loss) before reclassifications	(2,937)	1,589
Less: amounts reclassified from accumulated other comprehensive income (loss)	85	1,166
Other comprehensive income (loss)	(3,022)	423
Balance at end of period	$ (2,110)	$ 912	$ 489

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net income (loss)		$ (1,094)	$ 595	$ (7,822)
Weighted average common shares outstanding, basic and diluted	[1]	9,691,998	9,625,059	8,880,107
Earnings (loss) per share, basic and diluted		$ (0.11)	$ 0.06	$ (0.88)
[1]	The non-vested shares of the restricted stock units and stock options were anti-dilutive as of December 31, 2021, 2020, and 2019.  Therefore, the non-vested shares are excluded from earnings (loss) per share for the years ended December 31, 2021, 2020, and 2019.

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2016	Dec. 31, 2015
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options issued to purchase shares of common stock	280,000
Vesting period	5 years
Strike price	$ 3.81
Expiration date	Jun. 30, 2030
Estimated value of options issued to purchase shares of common stock	$ 290,000
Share-based compensation expense		$ 52,000	$ 29,000
Share-based compensation expense not yet recognized		$ 185,000
Share-based compensation nonvested shares		204,000
Restricted Stock Units (RSUs) | 2015 Omnibus Incentive Plan
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		$ 166,000	677,000	$ 959,000
Share-based compensation expense not yet recognized			$ 73,000
Share-based compensation nonvested shares			19,000

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Compensation And Retirement Disclosure [Abstract]
Minimum employee contribution amount, percentage of gross compensation	1.00%
Maximum employee contribution amount, percentage of gross compensation	100.00%
Employee matching contribution, percentage of employee gross compensation	4.00%
Plan expense	$ 508,000	$ 508,000	$ 501,000

Commitments and Contingencies (

Commitments and Contingencies (Details)	Dec. 31, 2021USD ($)
Agreement to Design and Implement New Systems
Other Commitments [Line Items]
Minimum monthly payment	$ 30,000

Segment Information - Narrative

Segment Information - Narrative (Details) - business	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 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	50.60%	49.60%	50.70%

Segment Information - Summary o

Segment Information - Summary of Net Earned Premiums by Segment (Details) - Net Earned Premium - Operating Segments - Product Concentration	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net Earned Premium	100.00%	100.00%	100.00%
Commercial Lines
Segment Reporting Information [Line Items]
Net Earned Premium	89.00%	92.00%	94.00%
Personal Lines
Segment Reporting Information [Line Items]
Net Earned Premium	11.00%	8.00%	6.00%

Segment Information - Informati

Segment Information - Information by Reportable Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Gross written premiums	$ 132,095	$ 111,335	$ 101,853
Net written premiums	101,429	92,940	87,724
Net earned premiums	98,802	89,103	89,089
Other income	2,671	2,615	2,109
Segment revenue	101,473	91,718	91,198
Losses and loss adjustment expenses, net	69,861	56,228	59,744
Policy acquisition costs	28,451	26,105	24,911
Operating expenses	16,509	18,468	17,582
Segment expenses	114,821	100,801	102,237
Segment underwriting gain (loss)	(13,348)	(9,083)	(11,039)
Net investment income	1,968	3,156	4,031
Net realized investment gains	2,878	8,126	1,196
Other gains	11,664	260	0
Change in fair value of equity securities	(2,020)	228	(427)
Interest expense	(2,852)	(2,925)	(2,882)
Income (loss) before income taxes	(1,710)	(238)	(9,121)
Deferred policy acquisition costs	12,267	12,243	11,906	$ 12,011
Unearned premiums	65,269	56,224	51,503
Unpaid losses and loss adjustment expenses	139,085	111,270	107,246	$ 92,807
Operating Segments | Commercial Lines
Segment Reporting Information [Line Items]
Gross written premiums	117,075	102,763	94,391
Net written premiums	87,307	85,385	81,966
Net earned premiums	87,759	82,409	83,858
Other income	215	242	216
Segment revenue	87,974	82,651	84,074
Losses and loss adjustment expenses, net	63,868	53,263	53,256
Policy acquisition costs	25,687	25,051	23,511
Operating expenses	11,648	12,644	12,881
Segment expenses	101,203	90,958	89,648
Segment underwriting gain (loss)	(13,229)	(8,307)	(5,574)
Income (loss) before income taxes	(13,229)	(8,307)	(5,574)
Deferred policy acquisition costs	10,619	11,858	12,033
Unearned premiums	57,491	51,535	47,674
Unpaid losses and loss adjustment expenses	135,084	106,662	101,850
Operating Segments | Personal Lines
Segment Reporting Information [Line Items]
Gross written premiums	15,020	8,572	7,462
Net written premiums	14,122	7,555	5,758
Net earned premiums	11,043	6,694	5,231
Other income	143	150	143
Segment revenue	11,186	6,844	5,374
Losses and loss adjustment expenses, net	5,993	2,965	6,488
Policy acquisition costs	3,307	2,044	1,744
Operating expenses	1,357	1,069	1,233
Segment expenses	10,657	6,078	9,465
Segment underwriting gain (loss)	529	766	(4,091)
Income (loss) before income taxes	529	766	(4,091)
Deferred policy acquisition costs	2,075	1,183	1,007
Unearned premiums	7,778	4,689	3,829
Unpaid losses and loss adjustment expenses	4,001	4,608	5,396
Operating Segments | Underwriting
Segment Reporting Information [Line Items]
Gross written premiums	132,095	111,335	101,853
Net written premiums	101,429	92,940	87,724
Net earned premiums	98,802	89,103	89,089
Other income	358	392	359
Segment revenue	99,160	89,495	89,448
Losses and loss adjustment expenses, net	69,861	56,228	59,744
Policy acquisition costs	28,994	27,095	25,255
Operating expenses	13,005	13,713	14,114
Segment expenses	111,860	97,036	99,113
Segment underwriting gain (loss)	(12,700)	(7,541)	(9,665)
Income (loss) before income taxes	(12,700)	(7,541)	(9,665)
Operating Segments | Wholesale Agency
Segment Reporting Information [Line Items]
Other income	5,848	7,571	9,073
Segment revenue	5,848	7,571	9,073
Policy acquisition costs	3,727	4,938	6,063
Operating expenses	2,382	3,107	2,180
Segment expenses	6,109	8,045	8,243
Segment underwriting gain (loss)	(261)	(474)	830
Income (loss) before income taxes	(261)	(474)	830
Corp-orate
Segment Reporting Information [Line Items]
Other income	365	245	224
Segment revenue	365	245	224
Operating expenses	1,122	1,648	1,288
Segment expenses	1,122	1,648	1,288
Segment underwriting gain (loss)	(757)	(1,403)	(1,064)
Net investment income	1,968	3,156	4,031
Net realized investment gains	2,878	8,126	1,196
Other gains	11,664	260
Change in fair value of equity securities	(2,020)	228	(427)
Interest expense	(2,852)	(2,925)	(2,882)
Income (loss) before income taxes	10,881	7,442	854
Eliminations
Segment Reporting Information [Line Items]
Other income	(3,900)	(5,593)	(7,547)
Segment revenue	(3,900)	(5,593)	(7,547)
Policy acquisition costs	(4,270)	(5,928)	(6,407)
Segment expenses	(4,270)	(5,928)	(6,407)
Segment underwriting gain (loss)	370	335	(1,140)
Income (loss) before income taxes	370	335	(1,140)
Deferred policy acquisition costs	$ (427)	$ (798)	$ (1,134)

Schedule II - Condensed Finan_2

Schedule II - Condensed Financial Information of Registrant - Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Due from Affiliate	$ 5,784	$ 8
Other assets	8,524	10,112
Total assets	290,404	261,597
Liabilities:
Debt	33,564	40,997
Total liabilities	249,901	217,184
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 9,707,817 and 9,681,728 issued and outstanding, respectively)	92,692	92,486
Accumulated deficit	(50,079)	(48,985)
Accumulated other comprehensive income (loss)	(2,110)	912
Total shareholders' equity	40,503	44,413	$ 42,725
Total liabilities and shareholders' equity	290,404	261,597
Parent Company
Assets
Investment in subsidiaries	79,511	81,336
Cash	750	1,477
Due from subsidiaries	(7,055)	1,745
Due from Affiliate	220
Other assets	2,522	3,648
Total assets	75,948	88,206
Liabilities:
Debt	33,564	40,997
Other liabilities	1,881	2,796
Total liabilities	35,445	43,793
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 9,707,817 and 9,681,728 issued and outstanding, respectively)	92,692	92,486
Accumulated deficit	(50,079)	(48,985)
Accumulated other comprehensive income (loss)	(2,110)	912
Total shareholders' equity	40,503	44,413
Total liabilities and shareholders' equity	$ 75,948	$ 88,206

Schedule II - Condensed Finan_3

Schedule II - Condensed Financial Information of Registrant - Balance Sheets Stock Information (Details) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Condensed Balance Sheet Statements, Captions [Line Items]
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	9,707,817	9,681,728
Common stock, shares outstanding (in shares)	9,707,817	9,681,728
Parent Company
Condensed Balance Sheet Statements, Captions [Line Items]
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	9,681,728	9,592,861
Common stock, shares outstanding (in shares)	9,681,728	9,592,861

Schedule II - Condensed Finan_4

Schedule II - Condensed Financial Information of Registrant - Statements of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue and Other Income
Revenue	$ 115,963	$ 103,488	$ 95,998
Other income	2,671	2,615	2,109
Expenses
Operating expenses	16,509	18,468	17,582
Interest expense	2,852	2,925	2,882
Total expenses	117,673	103,726	105,119
Income tax expense (benefit)	208	6	(913)
Net income (loss)	(1,094)	595	(7,822)
Other Comprehensive Income
Other comprehensive income (loss)	(3,022)	423	3,101
Parent Company
Revenue and Other Income
Revenue	18,852	13,010	11,788
Other income	2,900	483	167
Expenses
Operating expenses	12,736	14,459	14,433
Interest expense	2,852	2,925	2,880
Total expenses	15,588	17,384	17,313
Income (loss) before equity in earnings (losses) of subsidiaries and income tax expense (benefit)	3,264	(4,374)	(5,525)
Income tax expense (benefit)	156	(813)	30
Income (loss) before equity earnings (losses) of subsidiaries	3,108	(3,561)	(5,555)
Equity earnings (losses) in subsidiaries	(4,202)	4,156	(2,267)
Net income (loss)	(1,094)	595	(7,822)
Other Comprehensive Income
Other comprehensive income (loss)	(3,022)	423	3,101
Total Comprehensive income (loss)	(4,116)	1,018	(4,721)
Parent Company | Management fees from subsidiaries
Revenue and Other Income
Revenue	$ 15,952	$ 12,527	$ 11,621

Schedule II - Condensed Finan_5

Schedule II - Condensed Financial Information of Registrant - Statement of Cash Flows (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities
Net income (loss)	$ (1,094,000)	$ 595,000	$ (7,822,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	423,000	437,000	453,000
Stock-based compensation expense	(824,000)	(839,000)	(386,000)
Other (gain) loss	(11,664,000)	(260,000)	0
Changes in operating assets and liabilities:
Other assets	925,000	571,000	(384,000)
Net cash provided by operating activities	5,355,000	2,982,000	15,361,000
Cash Flows From Investing Activities
Purchases of investments	(226,794,000)	(391,588,000)	(157,235,000)
Net cash provided by (used in) investing activities	1,377,000	(7,337,000)	(25,013,000)
Cash Flows From Financing Activities
Proceeds received from issuance of shares of common stock			5,000,000
Repurchase of common stock	(12,000)	(36,000)	(676,000)
Borrowings under debt arrangements	3,000,000	5,745,000	2,100,000
Repayment of borrowings under debt arrangements	(8,000,000)	(625,000)	(100,000)
Net cash provided by (used in) financing activities	(5,012,000)	5,084,000	6,324,000
Net increase (decrease) in cash	1,720,000	729,000	(3,328,000)
Cash at beginning of period	8,193,000	7,464,000	10,792,000
Cash at end of period	9,913,000	8,193,000	7,464,000
Supplemental Disclosure of Cash Flow Information:
Interest paid	2,883,000	2,586,000	2,547,000
Parent Company
Cash Flows from Operating Activities
Net income (loss)	(1,094,000)	595,000	(7,822,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	415,000	421,000	447,000
Equity in undistributed (income) loss of subsidiaries	4,202,000	(4,156,000)	2,267,000
Stock-based compensation expense	218,000	706,000	959,000
Other (gain) loss	(2,593,000)	(260,000)	0
Changes in operating assets and liabilities:
Due from subsidiaries	8,800,000	(852,000)	(490,000)
Due from Affiliate	(220,000)	214,000	231,000
Current income tax recoverable	0	539,000	21,000
Other assets	890,000	625,000	(3,098,000)
Other liabilities	(915,000)	(715,000)	2,954,000
Net cash provided by operating activities	9,703,000	(2,883,000)	(4,531,000)
Cash Flows From Investing Activities
Contributions to subsidiaries	(5,400,000)	(1,150,000)	(3,854,000)
Dividends received from subsidiaries	0	0	1,500,000
Purchases of investments	0	(79,000)	0
Purchases of property and equipment	(20,000)	0	(66,000)
Net cash provided by (used in) investing activities	(5,420,000)	(1,229,000)	(2,420,000)
Cash Flows From Financing Activities
Proceeds received from issuance of shares of common stock	0	0	5,000,000
Repurchase of common stock	(12,000)	(36,000)	(676,000)
Borrowings under debt arrangements	3,000,000	5,745,000	2,000,000
Repayment of borrowings under debt arrangements	(8,000,000)	(625,000)	0
Stock and debt issuance costs	0	0	0
Net cash provided by (used in) financing activities	(5,012,000)	5,084,000	6,324,000
Net increase (decrease) in cash	(729,000)	972,000	(627,000)
Cash at beginning of period	1,478,000	506,000	1,133,000
Cash at end of period	749,000	1,478,000	506,000
Supplemental Disclosure of Cash Flow Information:
Interest paid	$ 2,883,000	$ 2,586,000	$ 2,547,000

Schedule II - Condensed Finan_6

Schedule II - Condensed Financial Information of Registrant - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Guarantee of debt
Condensed Cash Flow Statements Captions [Line Items]
Guarantee obligation	$ 10,000,000
Interest rate	4.00%
Parent Company
Condensed Cash Flow Statements Captions [Line Items]
Dividends received from subsidiaries during period	$ 0	$ 0	$ 1,500,000
Non-cash dividend received from subsidiary	$ 6,000,000

Schedule V - Valuation and Qu_2

Schedule V - Valuation and Qualifying Accounts (Details) - Valuation for Deferred Tax Assets - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 13,292	$ 13,572	$ 12,606
Charged to Expense	676	(205)	966
Decrease to Other Comprehensive Income	626	(75)	0
Deductions from Allowance Account	0	0	0
Balance at End of Period	$ 14,594	$ 13,292	$ 13,572