Conifer (CNFR) 10-Q 11 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	May 11, 2022
Cover [Abstract]
Entity Registrant Name	Conifer Holdings, Inc.
Entity Central Index Key	0001502292
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,715,324
Document Type	10-Q
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	CNFR
Security Exchange Name	NASDAQ
Entity File Number	001-37536
Entity Incorporation, State or Country Code	MI
Entity Tax Identification Number	27-1298795
Entity Address, Address Line One	550 West Merrill Street
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Birmingham
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48009
City Area Code	248
Local Phone Number	559-0840
Entity Interactive Data Current	Yes
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Investment securities:
Debt securities, at fair value (amortized cost of $152,217 and $150,732, respectively)	$ 144,035	$ 149,783
Equity securities, at fair value (cost of $11,652 and $10,972, respectively)	10,892	9,931
Short-term investments, at fair value	18,197	23,013
Total investments	173,124	182,727
Cash and cash equivalents	7,837	9,913
Premiums and agents' balances receivable, net	21,422	21,197
Receivable from Affiliate	5,117	5,784
Reinsurance recoverables on unpaid losses	40,605	40,344
Reinsurance recoverables on paid losses	2,287	1,347
Prepaid reinsurance premiums	14,434	8,301
Deferred policy acquisition costs	10,124	12,267
Other assets	9,981	8,524
Total assets	284,931	290,404
Liabilities:
Unpaid losses and loss adjustment expenses	140,938	139,085
Unearned premiums	65,468	65,269
Reinsurance premiums payable	3,342	5,318
Debt	38,642	33,564
Accounts payable and accrued expenses	6,157	6,665
Total liabilities	254,547	249,901
Commitments and contingencies	0	0
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 9,707,817 issued and outstanding, respectively)	92,730	92,692
Accumulated deficit	(52,949)	(50,079)
Accumulated other comprehensive income (loss)	(9,397)	(2,110)
Total shareholders' equity	30,384	40,503
Total liabilities and shareholders' equity	$ 284,931	$ 290,404

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement Of Financial Position [Abstract]
Debt securities, amortized cost	$ 152,217	$ 150,732
Equity securities, amortized cost	$ 11,652	$ 10,972
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	9,707,817
Common stock, shares outstanding (in shares)	9,707,817	9,707,817

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Revenue and Other Income
Gross earned premiums		$ 32,764	$ 28,247
Ceded earned premiums		(8,809)	(5,412)
Net earned premiums		23,955	22,835
Net investment income		507	532
Net realized investment gains (losses)		(69)	2,924
Change in fair value of equity securities		280	(540)
Other gains (losses)		(5)
Other income		698	556
Total revenue and other income		25,366	26,307
Expenses
Losses and loss adjustment expenses, net		18,018	19,362
Policy acquisition costs		5,464	6,750
Operating expenses		4,160	4,349
Interest expense		711	721
Total expenses		28,353	31,182
Income (loss) before equity earnings in Affiliate and income taxes		(2,987)	(4,875)
Equity earnings in Affiliate, net of tax		76	248
Income tax expense (benefit)		(41)	9
Net income (loss)		$ (2,870)	$ (4,636)
Earnings (loss) per common share, basic and diluted		$ (0.30)	$ (0.48)
Weighted average common shares outstanding, basic and diluted	[1]	9,707,817	9,681,728
[1]	The non-vested shares of the restricted stock units and stock options were anti-dilutive as of March 31, 2022 and 2021.  Therefore, the basic and diluted weighted average common shares are equal for the three months ended March 31, 2022 and 2021

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ (2,870)	$ (4,636)
Unrealized investment gains (losses):
Unrealized investment gains (losses) during the period	(7,287)	(1,924)
Income tax (benefit) expense	0	0
Unrealized investment gains (losses), net of tax	(7,287)	(1,924)
Less: reclassification adjustments to:
Net realized investment gains (losses) included in net income (loss)	0	943
Income tax (benefit) expense	0	0
Total reclassifications included in net income (loss), net of tax	0	943
Other comprehensive income (loss)	(7,287)	(2,867)
Total comprehensive income (loss)	$ (10,157)	$ (7,503)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	No Par, Common Stock	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period at Dec. 31, 2020	$ 44,413	$ 92,486	$ (48,985)	$ 912
Balance at beginning of period (in shares) at Dec. 31, 2020		9,681,728
Net income (loss)	(4,636)		(4,636)
Stock-based compensation expense	66	$ 66
Other comprehensive income (loss)	(2,867)			(2,867)
Balance at end of period at Mar. 31, 2021	36,976	$ 92,552	(53,621)	(1,955)
Balance at ending of period (in shares) at Mar. 31, 2021		9,681,728
Balance at beginning of period at Dec. 31, 2021	40,503	$ 92,692	(50,079)	(2,110)
Balance at beginning of period (in shares) at Dec. 31, 2021		9,707,817
Net income (loss)	(2,870)		(2,870)
Stock-based compensation expense	38	$ 38
Other comprehensive income (loss)	(7,287)			(7,287)
Balance at end of period at Mar. 31, 2022	$ 30,384	$ 92,730	$ (52,949)	$ (9,397)
Balance at ending of period (in shares) at Mar. 31, 2022		9,707,817

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash Flows From Operating Activities
Net income (loss)	$ (2,870)	$ (4,636)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	102	109
Amortization of bond premium and discount, net	116	120
Net realized investment (gains) losses	69	(2,924)
Change in fair value of equity securities	(280)	540
Stock-based compensation expenses	38	66
Equity earnings in Affiliate, net of tax	(76)	(248)
(Increase) decrease in:
Premiums and agents' balances and other receivables	442	827
Reinsurance recoverables	(1,201)	(6,126)
Prepaid reinsurance premiums	(6,133)	(2,337)
Deferred policy acquisition costs	2,143	(216)
Other assets	(719)	197
Increase (decrease) in:
Unpaid losses and loss adjustment expenses	1,853	9,406
Unearned premiums	199	2,126
Reinsurance premiums payable	(1,976)	0
Accounts payable and other liabilities	(234)	(397)
Net cash provided by (used in) operating activities	(8,527)	(3,493)
Cash Flows From Investing Activities
Purchase of investments	(68,116)	(61,370)
Proceeds from maturities and redemptions of investments	6,609	5,416
Proceeds from sales of investments	62,958	57,703
Purchases of property and equipment	0	(20)
Net cash provided by (used in) investing activities	1,451	1,729
Cash Flows From Financing Activities
Borrowings under debt arrangements	5,000	3,000
Repayment of borrowings under debt arrangements	0	(5,000)
Net cash provided by (used in) financing activities	5,000	(2,000)
Net increase (decrease) in cash	(2,076)	(3,764)
Cash at beginning of period	9,913	8,193
Cash at end of period	7,837	4,429
Supplemental Disclosure of Cash Flow Information:
Interest paid	699	722
Income taxes paid (refunded), net	$ (12)	$ (9)

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Recent Developments COVID-19 (the “Pandemic”) caused 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"), White Pine Insurance Company ("WPIC"), Red Cedar Insurance Company ("RCIC"), and Sycamore Insurance Agency, Inc. ("Sycamore"). 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." Sycamore owns a 50% non-controlling interest in Venture Holdings, Inc. (“Venture” or “Affiliate”). The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”), which differ from statutory accounting practices prescribed or permitted for insurance companies by regulatory authorities. The Company has applied the rules and regulations of the United States Securities and Exchange Commission (“SEC”) regarding interim financial reporting and therefore the consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements. In the opinion of management, all adjustments, consisting of items of a normal recurring nature, necessary for a fair presentation of the consolidated interim financial statements, have been included. These consolidated financial statements and the notes thereto should be read in conjunction with the Company's audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC. The results of operations for the three months ended March 31, 2022, are not necessarily indicative of the results expected for the year ended December 31, 2022. 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 of America (“U.S.”). The Company’s corporate headquarters are located in Birmingham, Michigan with additional office facilities in Florida and Michigan. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. While management believes the amounts included in the consolidated financial statements reflect management's best estimates and assumptions, actual results may differ from these estimates. Cash, Cash Equivalents, and Short-term Investments Cash consists of cash deposits in banks, generally in operating accounts. Cash equivalents consist of money-market funds that are specifically used as overnight investments tied to cash deposit accounts. Short-term investments, consisting of money market funds, are classified as investments in the consolidated balance sheets as they relate to the Company’s investment activities. Recently Issued Accounting Guidance In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848)

Investments

Investments	3 Months Ended
	Mar. 31, 2022
Investments Debt And Equity Securities [Abstract]
Investments	2. The cost or amortized cost, gross unrealized gains or losses, and estimated fair value of the investments in securities classified as available for sale at March 31, 2022 and December 31, 2021, were as follows (dollars in thousands): March 31, 2022 Cost or Gross Unrealized Estimated Amortized Cost Gains Losses Fair Value Debt Securities: U.S. Government $ 18,541 $ 8 $ (291 ) $ 18,258 State and local government 29,866 49 (1,846 ) 28,069 Corporate debt 35,345 11 (2,586 ) 32,770 Asset-backed securities 27,952 2 (723 ) 27,231 Mortgage-backed securities 31,870 9 (2,571 ) 29,308 Commercial mortgage-backed securities 3,424 1 (55 ) 3,370 Collateralized mortgage obligations 5,219 4 (194 ) 5,029 Total debt securities available for sale $ 152,217 $ 84 $ (8,266 ) $ 144,035 December 31, 2021 Cost or Gross Unrealized Estimated Amortized Cost Gains Losses 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 0 1,690 Collateralized mortgage obligations 5,649 35 (45 ) 5,639 Total debt securities available for sale $ 150,732 $ 898 $ (1,847 ) $ 149,783 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): March 31, 2022 Less than 12 months Greater than 12 months Total No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses Debt Securities: U.S. Government 8 $ 10,508 $ (93 ) 4 $ 6,482 $ (198 ) 12 $ 16,990 $ (291 ) State and local government 108 21,485 (1,724 ) 8 866 (122 ) 116 22,351 (1,846 ) Corporate debt 54 23,456 (1,686 ) 12 7,982 (900 ) 66 31,438 (2,586 ) Asset-backed securities 21 13,448 (122 ) 8 12,240 (601 ) 29 25,688 (723 ) Mortgage-backed securities 29 6,714 (343 ) 7 22,224 (2,228 ) 36 28,938 (2,571 ) Commercial mortgage-backed securities 3 3,111 (55 ) — — — 3 3,111 (55 ) Collateralized mortgage obligations 18 3,418 (117 ) 5 1,274 (77 ) 23 4,692 (194 ) Total debt securities available for sale 241 $ 82,140 $ (4,140 ) 44 $ 51,068 $ (4,126 ) 285 $ 133,208 $ (8,266 ) December 31, 2021 Less than 12 months Greater than 12 months Total No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses Debt Securities: U.S. Government 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 ) The Company analyzed its investment portfolio in accordance with its other-than-temporary impairment ("OTTI") review procedures and determined the Company did not need to record a credit-related OTTI loss in net income, nor recognize a non-credit related OTTI loss in other comprehensive income for the three months ended March 31, 2022 and 2021. The Company’s sources of net investment income and losses are as follows (dollars in thousands): Three Months Ended March 31, 2022 2021 Debt securities $ 582 $ 600 Equity securities 28 48 Cash, cash equivalents and short-term investments 1 1 Total investment income 611 649 Investment expenses (104 ) (117 ) Net investment income $ 507 $ 532 The following table summarizes the gross realized gains and losses from sales, calls and maturities of available-for-sale debt and equity securities (dollars in thousands): Three Months Ended March 31, 2022 2021 Debt securities: Gross realized gains $ — $ 27 Gross realized losses — (6 ) Total debt securities — 21 Equity securities: Gross realized gains 19 2,903 Gross realized losses (88 ) — Total equity securities (69 ) 2,903 Total net realized investment gains (losses) $ (69 ) $ 2,924 Proceeds from available-for-sale debt securities were $6.7 million and $14.2 million for the three months ended March 31, 2022 and 2021, respectively. There were no gross realized gains or losses from the sales of available-for-sale securities for the three months ended March 31, 2022. The gross realized gains and losses from the sales of available-for-sale debt securities for the three months ended March 31, 2021, were $27,000 and $6,000, respectively. As of March 31, 2022 and 2021, there were $750,000 and $0 of payables from securities purchased, respectively. There were $1.3 million and $3,000 of receivables from securities sold as of March 31, 2022, and 2021, 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 were no impairments or observable changes in price recorded during 2022 related to the Company's equity securities without readily determinable fair value. These investments are included in Other Assets in the Consolidated Balance Sheets and amounted to $1.2 million as of March 31, 2022 and December 31, 2021. The table below summarizes the amortized cost and fair value of available-for-sale debt securities by contractual maturity at March 31, 2022. Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties (dollars in thousands): Amortized Cost Estimated Fair Value Due in one year or less $ 10,388 $ 10,361 Due after one year through five years 33,732 32,466 Due after five years through ten years 23,806 21,843 Due after ten years 15,826 14,427 Securities with contractual maturities 83,752 79,097 Asset-backed securities 27,952 27,231 Mortgage-backed securities 31,870 29,308 Commercial mortgage-backed securities 3,424 3,370 Collateralized mortgage obligations 5,219 5,029 Total debt securities $ 152,217 $ 144,035 At March 31, 2022 and December 31, 2021, the Insurance Company Subsidiaries had $8.2 million and $8.5 million, respectively, on deposit in trust accounts to meet the deposit requirements of various state insurance departments. At March 31, 2022 and December 31, 2021, the Company had $78.0 million and $76.1 million, respectively, held in trust accounts to meet collateral requirements with other third-party insurers, relating to various fronting arrangements. There are withdrawal and other restrictions on these deposits, including the type of investments that may be held, however, the Company may generally invest in high-grade bonds and short-term investments and earn interest on the funds.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	3. The Company’s financial instruments include assets and liabilities carried at fair value, as well as assets and liabilities carried at cost or amortized cost but disclosed at fair value in these consolidated financial statements. Fair value is defined as the price that would be received for an asset or paid to transfer a liability in the principally most advantageous market for the asset or liability in an orderly transaction between market participants. In determining fair value, the Company applies the market approach, which uses prices and other relevant data based on market transactions involving identical or comparable assets and liabilities. The inputs to valuation techniques used to measure fair value are prioritized into a three-level hierarchy. The hierarchy gives the highest priority to quoted prices from sources independent of the reporting entity (“observable inputs”) and the lowest priority to prices determined by the reporting entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (“unobservable inputs”). The fair value hierarchy is as follows: Level 1 —Valuations that are based on quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 —Valuations that are based on observable inputs (other than Level 1 prices) such as quoted prices for similar assets or liabilities at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. The Level 2 financial instruments also include our line of credit and our Paycheck Protection Program loan. Level 3 —Unobservable inputs that are supported by little or no market activity. The unobservable inputs represent the Company’s best assumption of how market participants would price the assets or liabilities. Net Asset Value (NAV) —The fair values of investment company limited partnership investments are based on the capital account balances reported by the investment funds subject to their management review and adjustment. These capital account balances reflect the fair value of the investment funds. The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis, classified by the valuation hierarchy as of March 31, 2022 and December 31, 2021 (dollars in thousands): March 31, 2022 Fair Value Measurements Total Level 1 Level 2 Level 3 Assets: Debt Securities: U.S. Government $ 18,258 $ — $ 18,258 $ — State and local government 28,069 — 28,069 — Corporate debt 32,770 — 32,770 — Asset-backed securities 27,231 — 27,231 — Mortgage-backed securities 29,308 — 29,308 — Commercial mortgage-backed securities 3,370 — 3,370 — Collateralized mortgage obligations 5,029 — 5,029 — Total debt securities 144,035 — 144,035 — Equity Securities 10,399 10,126 273 — Short-term investments 18,197 18,197 — — Total marketable investments measured at fair value $ 172,631 $ 28,323 $ 144,308 $ — Investments measured at NAV: Investment in limited partnership 493 Total assets measured at fair value $ 173,124 Liabilities: Senior Unsecured Notes * $ 23,045 $ — $ 23,045 $ — Subordinated Notes * 11,620 — — 11,620 Line of credit * 5,000 — 5,000 — Total Liabilities measured at fair value $ 39,665 $ — $ 28,045 $ 11,620 * Carried at face value of debt net of unamortized debt issuance costs on the consolidated balance sheets December 31, 2021 Fair Value Measurements 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 sheets 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 16.4% of the fair value of the total investment portfolio as of March 31, 2022. Level 2 investments include debt securities, which consist of U.S. government agency securities, state and local municipal bonds (including those held as restricted securities), corporate debt securities, mortgage-backed and asset-backed securities. The fair value of securities included in the Level 2 category were based on the market values obtained from a third-party pricing service that were evaluated using pricing models that vary by asset class and incorporate available trade, bid and other observable market information. The third-party pricing service monitors market indicators, as well as industry and economic events. The fair value measurements that were based on Level 2 inputs comprise 83.4% of the fair value of the total investment portfolio as of March 31, 2022. The Company obtains pricing for each security from independent pricing services, investment managers or consultants to assist in determining fair value for its Level 2 investments. To validate that these quoted prices are reasonable estimates of fair value, the Company performs various quantitative and qualitative procedures, such as (i) evaluation of the underlying methodologies, (ii) analysis of recent sales activity, (iii) analytical review of our fair values against current market prices and (iv) comparison of the pricing services’ fair value to other pricing services’ fair value for the same investment. No markets for the investments were determined to be inactive at period-ends. Based on these procedures, the Company did not adjust the prices or quotes provided from independent pricing services, investment managers or consultants. The Level 2 financial instruments also include the Company's senior debt. The fair value of the borrowings under the senior revolving credit facility approximates its carrying amount because interest is based on a short-term, variable, market-based rate. As of March 31, 2022 and December 31, 2021, Level 3 is entirely comprised of the Company's subordinated debt. In determining the fair value of the subordinated debt outstanding at March 31, 2022 and December 31, 2021, 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 used in the model along with the March 31, 2022 and December 31, 2021 U.S . Treasury rates . A new lattice was generated and the fair value was computed from the OAS . There were no changes in assumptions of credit risk from the issuance date.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	3 Months Ended
	Mar. 31, 2022
Deferred Policy Acquisition Costs Disclosures [Abstract]
Deferred Policy Acquisition Costs	4. Deferred Policy Acquisition Costs The Company defers costs incurred which are incremental and directly related to the successful acquisition of new or renewal insurance business, net of corresponding amounts of ceded reinsurance commissions. Net deferred policy acquisition costs are amortized and charged to expense in proportion to premium earned over the estimated policy term. The Company anticipates that its deferred policy acquisition costs will be fully recoverable and there were no premium deficiencies for the three months ended March 31, 2022 and 2021. The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): Three Months Ended March 31, 2022 2021 Balance at beginning of period $ 12,267 $ 12,243 Deferred policy acquisition costs 3,321 6,966 Amortization of policy acquisition costs (5,464 ) (6,750 ) Net change (2,143 ) 216 Balance at end of period $ 10,124 $ 12,459

Unpaid Losses and Loss Adjustme

Unpaid Losses and Loss Adjustment Expenses	3 Months Ended
	Mar. 31, 2022
Insurance Loss Reserves [Abstract]
Unpaid Losses and Loss Adjustment Expenses	5. Unpaid Losses and Loss Adjustment Expenses The Company establishes reserves for unpaid losses and loss adjustment expenses ("LAE") which represent the estimated ultimate cost of all losses incurred that were both reported and unreported (i.e., incurred but not yet reported losses; or “IBNR”) and LAE incurred that remain unpaid at the balance sheet date. The Company’s reserving process takes into account known facts and interpretations of circumstances and factors including the Company’s experience with similar cases, actual claims paid, historical trends involving claim payment patterns and pending levels of unpaid claims, loss management programs, product mix and contractual terms, changes in law and regulation, judicial decisions, and economic conditions. In the normal course of business, the Company may also supplement its claims processes by utilizing third-party adjusters, appraisers, engineers, inspectors, and other professionals and information sources to assess and settle catastrophe and non-catastrophe related claims. The effects of inflation are implicitly considered in the reserving process. Reserves are estimates of unpaid portions of losses that have occurred, including IBNR losses; therefore, the establishment of appropriate reserves is an inherently uncertain and complex process. The ultimate cost of losses may vary materially from recorded amounts, which are based on management’s best estimates. The highest degree of uncertainty is associated with reserves for losses incurred in the current reporting period as it contains the greatest proportion of losses that have not been reported or settled. The Company regularly updates its reserve estimates as new information becomes available and as events unfold that may affect the resolution of unsettled claims. Changes in reserve estimates, which may be material, are reported in the results of operations in the period such changes are determined to be needed and recorded. Management believes that the reserve for losses and LAE, net of reinsurance recoverables, is appropriately established in the aggregate and adequate to cover the ultimate net cost of reported and unreported claims arising from losses which had occurred by the date of the consolidated financial statements based on available facts and in accordance with applicable laws and regulations. The table below provides the changes in the reserves for losses and LAE, net of reinsurance recoverables, for the periods indicated as follows (dollars in thousands): Three months ended March 31, 2022 2021 Gross reserves - beginning of period $ 139,085 $ 111,270 Less: reinsurance recoverables on unpaid losses (40,344 ) (24,218 ) Net reserves - beginning of period 98,741 87,052 Add: incurred losses and LAE, net of reinsurance: Current period 12,497 13,584 Prior period 5,521 5,778 Total net incurred losses and LAE 18,018 19,362 Deduct: loss and LAE payments, net of reinsurance: Current period 2,512 3,180 Prior period 13,914 11,117 Total net loss and LAE payments 16,426 14,297 Net reserves - end of period 100,333 92,117 Plus: reinsurance recoverables on unpaid losses 40,605 26,559 Gross reserves - end of period $ 140,938 $ 118,676 Net losses and LAE was $18.0 million for the three months ended March 31, 2022. Adverse development contributed $5.5 million to the total incurred losses in the first quarter of 2022, of which $1.5 million was related to 2017 and prior accident years, $1.3 million was related to the 2018 accident year, $1.3 million was related to the 2019 accident year, and $1.5 million was related to the 2020 accident year. In the first quarter of 2022, $5.7 million of the adverse development came from the commercial lines of business, mostly from liability lines, while our personal lines of business had $219,000 favorable development. The Company’s incurred losses during the three months ended March 31, 2021 included prior-year adverse reserve development of $5.8 million. Of the $5.8 million of adverse development, $5.2 million was related to the Company’s commercial lines of business, while $612,000 was related to the Company’s personal lines of business. Of the $5.2 million of adverse development in the Company’s commercial lines of business, $2.7 million was experienced in the Company’s hospitality lines of business, while $2.5 million was experienced in the company’s small business lines of business.

Reinsurance

Reinsurance	3 Months Ended
	Mar. 31, 2022
Reinsurance Disclosures [Abstract]
Reinsurance	6. In the normal course of business, the Company participates in reinsurance agreements in order to limit losses that may arise from catastrophes or other individually severe events. The Company ceded 40% of specific commercial liability risks in excess of $400,000, and 60% in excess of $300,000 in 2022. The Company primarily ceded all specific commercial liability risks in excess of $400,000 in 2021 and 2020. The Company ceded specific commercial property risks in excess of $300,000 in 2022. 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 2020. The Company ceded homeowners specific risks in excess of $300,000 in both 2022 and 2021. A "treaty" is a reinsurance agreement in which coverage is provided for a class of risks and does not require policy by policy underwriting of the reinsurer. "Facultative" reinsurance is where a reinsurer negotiates an individual reinsurance agreement for every policy it will reinsure on a policy by policy basis. A loss is covered under a reinsurance contract if the loss occurs within the effective dates of the agreement notwithstanding when the loss is reported. Reinsurance does not discharge the direct insurer from liability to its policyholders. Failure of reinsurers to honor their obligations could result in losses to the Company. The Company evaluates the financial condition of its reinsurers and monitors the concentration of credit risk arising from similar geographic regions, activities, or economic characteristics of the reinsurers to minimize its exposure to significant losses from reinsurer insolvencies. To date, the Company has not experienced any significant difficulties in collecting reinsurance recoverables. The Company assumes written premiums under a few fronting arrangements. The fronting arrangements are with unaffiliated insurers who write on behalf of the Company in markets that require a higher A.M. Best rating than the Company’s current rating, where the policies are written in a state where the Company is not licensed or for other strategic reasons. The following table presents the effects of reinsurance and assumption transactions on written premiums, earned premiums and losses and LAE (dollars in thousands): Three Months Ended March 31, 2022 2021 Written premiums: Direct $ 24,796 $ 23,433 Assumed 8,168 6,940 Ceded (14,943 ) (5,890 ) Net written premiums $ 18,021 $ 24,483 Earned premiums: Direct $ 24,123 $ 20,990 Assumed 8,641 7,257 Ceded (8,809 ) (5,412 ) Net earned premiums $ 23,955 $ 22,835 Losses and LAE: Direct $ 13,066 $ 20,750 Assumed 7,408 6,781 Ceded (2,456 ) (8,169 ) Net Losses and LAE $ 18,018 $ 19,362 Some of the excess of loss treaties that renewed on December 31, 2021 and January 1, 2022, included ceding commissions equal to 40% of the ceded premiums. The ceding commission is reflected as a reduction in acquisition costs and amounted to $2.2 million for the three months ended March 31, 2022. There were no ceding commissions on the excess of loss treaties during 2021.

Debt

Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	7. As of March 31, 2022, 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): March 31, 2022 December 31, 2021 Senior unsecured notes $ 23,991 $ 23,926 Subordinated notes 9,651 9,638 Line of credit 5,000 — Paycheck Protection Program loan * — — Total $ 38,642 $ 33,564 * The PPP loan was embedded into the line of credit facility. See below. Senior unsecured notes The Company issued $25.3 million of public senior unsecured notes (the "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 for the three months ended March 31, 2022 and 2021. 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 March 31, 2022, the carrying value of the Notes and Subordinated Notes are offset by $390,000 and $849,000 of debt issuance costs, respectively. The debt issuance costs will be amortized through interest expense over the life of the loans. 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 the London Interbank rate ("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 March 31, 2022, the Company had $5.0 million outstanding on the line of credit. On June 18, 2021, the line of credit was renewed with a maturity of December 1, 2022. Financial debt covenants The Subordinated Notes and the line of credit contain identical restrictive financial debt covenants that relate to the Company’s minimum tangible net worth, minimum fixed-charge coverage ratios, dividend paying capacity, reinsurance retentions, risk-based capital ratios, and debt to total capital. As of March 31, 2022, the Company was not in compliance with the tangible net worth and the debt to total capital financial covenants. On May 9, 2022, the holders of the Subordinated Notes waived the March 31, 2022 tangible net worth and debt to total capital requirements. On May 11, 2022, the holders of the line of credit waived the March 31, 2022 tangible net worth and total debt to capital requirements. Management expects to be in compliance with all debt covenants in future periods. On May 9, 2022, the Subordinated Notes agreement was amended to exclude changes in unrealized gains or losses in the debt securities investment portfolio of the Company subsequent to December 31, 2021, when calculating the debt covenant ratios. With this amendment, the Company would not have breached the Subordinated Notes covenants at March 31, 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 was included in Other Gains on the Consolidated Statement of Operations in the third quarter of 2021.

Shareholder's Equity

Shareholder's Equity	3 Months Ended
	Mar. 31, 2022
Stockholders Equity Note [Abstract]
Shareholder's Equity	8. Shareholder’s Equity As of March 31, 2022 and December 31, 2021, the Company had 9,707,817 issued and outstanding shares of common stock, respectively. Holders of common stock are entitled to one vote per share and to receive dividends only when and if declared by the board of directors. The holders have no preemptive, conversion or subscription rights.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	9. Accumulated Other Comprehensive Income (Loss) The following table presents changes in accumulated other comprehensive income (loss) for unrealized gains and losses on available-for-sale securities (dollars in thousands): Three months ended March 31, 2022 2021 Balance at beginning of period $ (2,110 ) $ 912 Other comprehensive income (loss) before reclassifications, net of tax (7,287 ) (1,924 ) Less: amounts reclassified from accumulated other comprehensive income (loss), net of tax — 943 Net other comprehensive income (loss) (7,287 ) (2,867 ) Balance at end of period $ (9,397 ) $ (1,955 )

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	10. Earnings Basic and diluted earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except per share and share amounts): Three Months Ended March 31, 2022 2021 Net income (loss) $ (2,870 ) $ (4,636 ) Weighted average common shares, basic and diluted * 9,707,817 9,681,728 Earnings (loss) per common share, basic and diluted $ (0.30 ) $ (0.48 ) * The non-vested shares of the restricted stock units and stock options were anti-dilutive as of March 31, 2022 and 2021. Therefore, the basic and diluted weighted average common shares are equal for the three months ended March 31, 2022 and 2021.

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-based Compensation	11. Stock-based Compensation On March 8, 2022, the Company issued options to purchase 630,000 shares of the Company’s common stock to two named executive officers. The right to exercise the options will vest over a five-year 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 $14,000 and $54,000 of compensation expense related to the RSUs for the three months ended March 31, 2022 and 2021, respectively. There were 19,000 unvested RSUs as of March 31, 2022, which will generate an estimated future expense of $59,000. The Company recorded $24,000 and $12,000 of compensation expense related to the stock options for the three months ended March 31, 2022 and 2021, respectively. There were 834,000 unvested options as of March 31, 2022, which will generate an estimated future expense of $773,000.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Legal proceedings The Company and its subsidiaries are subject at times to various claims, lawsuits and proceedings relating principally to alleged errors or omissions in the placement of insurance, claims administration, and other business transactions arising in the ordinary course of business. Where appropriate, the Company vigorously defends such claims, lawsuits and proceedings. Some of these claims, lawsuits and proceedings seek damages, including consequential, exemplary or punitive damages, in amounts that could, if awarded, be significant. Most of the claims, lawsuits and proceedings arising in the ordinary course of business are covered by the insurance policy at issue. We account for such activity through the establishment of unpaid losses and LAE reserves. In accordance with accounting guidance, if it is probable that a liability has been incurred as of the date of the financial statements and the amount of loss is reasonably estimable; then an accrual for the costs to resolve these claims is recorded by the Company in the accompanying consolidated financial statements. Periodic expenses related to the defense of such claims are included in the accompanying consolidated statements of operations. On the basis of current information, the Company does not believe that there is a reasonable possibility that any material loss exceeding amounts already accrued, if any, will result from any of the claims, lawsuits and proceedings to which the Company is subject to, either individually or in the aggregate.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	13. The Company is engaged in the sale of property and casualty insurance products and has organized its business model around three classes of insurance businesses: commercial lines, personal lines, and wholesale agency business. Within these three businesses, the Company offers various insurance products and insurance agency services. Such insurance businesses are engaged in underwriting and marketing insurance coverages, and administering claims processing for such policies. The Company views the commercial and personal lines segments as underwriting business (business that takes on insurance underwriting risk). The wholesale agency business provides non-risk bearing revenue through commissions and policy fees. The wholesale agency business increases the product options to the Company’s independent retail agents by offering both insurance products from the Insurance Company Subsidiaries as well as products offered by other insurers. The Company defines its operating segments as components of the business where separate financial information is available and used by the co-chief operating decision makers in deciding how to allocate resources to its segments and in assessing its performance. In assessing performance of its operating segments, the Company’s co-chief operating decision makers, the Co-Chief Executive Officers, review 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 three months ended March 31, 2022 and 2021, gross written premiums attributable to these four states were 59.2% and 53.5%, respectively, of the Company’s total gross written premiums. 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 operating segments, the Company maintains a Corporate category to reconcile segment results to the consolidated totals. The Corporate category includes: (i) corporate operating expenses such as salaries and related benefits of the Company’s executive management team and finance and information technology personnel, and other corporate headquarters expenses, (ii) interest expense on the Company’s debt obligations; (iii) depreciation and amortization on property and equipment, and (iv) all investment income activity. All investment income activity is reported within net investment income, net realized investment gains, and change in fair value of equity securities on the consolidated statements of operations. The Company’s assets on the consolidated balance sheet are not allocated to the reportable segments. The following tables present information by reportable operating segment (dollars in thousands): Three months ended March 31, 2022 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 28,586 $ 4,378 $ 32,964 $ — $ — $ — $ 32,964 Net written premiums $ 14,340 $ 3,681 $ 18,021 $ — $ — $ — $ 18,021 Net earned premiums $ 20,524 $ 3,431 $ 23,955 $ — $ — $ — $ 23,955 Other income 71 6 77 1,112 147 (638 ) 698 Segment revenue 20,595 3,437 24,032 1,112 147 (638 ) 24,653 Losses and LAE, net 16,610 1,408 18,018 — — — 18,018 Policy acquisition costs 4,357 1,093 5,450 758 — (744 ) 5,464 Operating expenses 3,161 402 3,563 292 305 — 4,160 Segment expenses 24,128 2,903 27,031 1,050 305 (744 ) 27,642 Segment gain (loss) $ (3,533 ) $ 534 $ (2,999 ) $ 62 $ (158 ) $ 106 $ (2,989 ) Investment income 507 507 Net realized investment gains (losses) (69 ) (69 ) Change in fair value of equity securities 280 280 Other gains (losses) (5 ) (5 ) Interest expense (711 ) (711 ) Income (loss) before equity earnings in Affiliate and income taxes $ (3,533 ) $ 534 $ (2,999 ) $ 62 $ (156 ) $ 106 $ (2,987 ) Three months ended March 31, 2021 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 27,221 $ 3,152 $ 30,373 $ — $ — $ — $ 30,373 Net written premiums $ 21,557 $ 2,926 $ 24,483 $ — $ — $ — $ 24,483 Net earned premiums $ 20,706 $ 2,129 $ 22,835 $ — $ — $ — $ 22,835 Other income 56 40 96 1,726 43 (1,309 ) 556 Segment revenue 20,762 2,169 22,931 1,726 43 (1,309 ) 23,391 Losses and LAE, net 16,955 2,407 19,362 — — — 19,362 Policy acquisition costs 6,318 600 6,918 1,127 — (1,295 ) 6,750 Operating expenses 2,955 349 3,304 744 301 — 4,349 Segment expenses 26,228 3,356 29,584 1,871 301 (1,295 ) 30,461 Segment gain (loss) $ (5,466 ) $ (1,187 ) $ (6,653 ) $ (145 ) $ (258 ) $ (14 ) $ (7,070 ) Investment income 532 532 Net realized investment gains 2,924 2,924 Change in fair value of equity securities (540 ) (540 ) Other gains — — Interest expense (721 ) (721 ) Income (loss) before equity earnings in Affiliate and income taxes $ (5,466 ) $ (1,187 ) $ (6,653 ) $ (145 ) $ 1,937 $ (14 ) $ (4,875 )

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events On May 11, 2022, the Company entered into a subscription agreement to issue $5.0 million of equity. Pricing terms are still pending. Related to this subscription agreement, the Company received $1.5 million of equity and paid down the line of credit by $1.5 million. This remediated the March 31, 2022 debt covenant breaches described in the Financial debt covenants section of Note 7 ~ Debt On May 9, 2022, the Subordinated Notes agreement was amended to exclude changes in unrealized gains or losses in the debt securities investment portfolio of the Company subsequent to December 31, 2021, when calculating the debt covenant ratios. As discussed in Note 7, with this amendment the Company would not have breached the Subordinated Notes covenants at March 31, 2022.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation and Management Representation	Recent Developments COVID-19 (the “Pandemic”) caused 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"), White Pine Insurance Company ("WPIC"), Red Cedar Insurance Company ("RCIC"), and Sycamore Insurance Agency, Inc. ("Sycamore"). 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." Sycamore owns a 50% non-controlling interest in Venture Holdings, Inc. (“Venture” or “Affiliate”). The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”), which differ from statutory accounting practices prescribed or permitted for insurance companies by regulatory authorities. The Company has applied the rules and regulations of the United States Securities and Exchange Commission (“SEC”) regarding interim financial reporting and therefore the consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements. In the opinion of management, all adjustments, consisting of items of a normal recurring nature, necessary for a fair presentation of the consolidated interim financial statements, have been included. These consolidated financial statements and the notes thereto should be read in conjunction with the Company's audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC. The results of operations for the three months ended March 31, 2022, are not necessarily indicative of the results expected for the year ended December 31, 2022.
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 of America (“U.S.”). The Company’s corporate headquarters are located in Birmingham, Michigan with additional office facilities in Florida and Michigan.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. While management believes the amounts included in the consolidated financial statements reflect management's best estimates and assumptions, actual results may differ from these estimates.
Cash, Cash Equivalents, and Short-term Investments	Cash, Cash Equivalents, and Short-term Investments Cash consists of cash deposits in banks, generally in operating accounts. Cash equivalents consist of money-market funds that are specifically used as overnight investments tied to cash deposit accounts. Short-term investments, consisting of money market funds, are classified as investments in the consolidated balance sheets as they relate to the Company’s investment activities.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848)

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2022
Investments Debt And Equity Securities [Abstract]
Schedule of Available-for-sale Securities	The cost or amortized cost, gross unrealized gains or losses, and estimated fair value of the investments in securities classified as available for sale at March 31, 2022 and December 31, 2021, were as follows (dollars in thousands): March 31, 2022 Cost or Gross Unrealized Estimated Amortized Cost Gains Losses Fair Value Debt Securities: U.S. Government $ 18,541 $ 8 $ (291 ) $ 18,258 State and local government 29,866 49 (1,846 ) 28,069 Corporate debt 35,345 11 (2,586 ) 32,770 Asset-backed securities 27,952 2 (723 ) 27,231 Mortgage-backed securities 31,870 9 (2,571 ) 29,308 Commercial mortgage-backed securities 3,424 1 (55 ) 3,370 Collateralized mortgage obligations 5,219 4 (194 ) 5,029 Total debt securities available for sale $ 152,217 $ 84 $ (8,266 ) $ 144,035 December 31, 2021 Cost or Gross Unrealized Estimated Amortized Cost Gains Losses 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 0 1,690 Collateralized mortgage obligations 5,649 35 (45 ) 5,639 Total debt securities available for sale $ 150,732 $ 898 $ (1,847 ) $ 149,783
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): March 31, 2022 Less than 12 months Greater than 12 months Total No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses Debt Securities: U.S. Government 8 $ 10,508 $ (93 ) 4 $ 6,482 $ (198 ) 12 $ 16,990 $ (291 ) State and local government 108 21,485 (1,724 ) 8 866 (122 ) 116 22,351 (1,846 ) Corporate debt 54 23,456 (1,686 ) 12 7,982 (900 ) 66 31,438 (2,586 ) Asset-backed securities 21 13,448 (122 ) 8 12,240 (601 ) 29 25,688 (723 ) Mortgage-backed securities 29 6,714 (343 ) 7 22,224 (2,228 ) 36 28,938 (2,571 ) Commercial mortgage-backed securities 3 3,111 (55 ) — — — 3 3,111 (55 ) Collateralized mortgage obligations 18 3,418 (117 ) 5 1,274 (77 ) 23 4,692 (194 ) Total debt securities available for sale 241 $ 82,140 $ (4,140 ) 44 $ 51,068 $ (4,126 ) 285 $ 133,208 $ (8,266 ) December 31, 2021 Less than 12 months Greater than 12 months Total No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses No. of Issues Fair Value of Investments with Unrealized Losses Gross Unrealized Losses Debt Securities: U.S. Government 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 )
Schedule of Investment Income and Losses	The Company’s sources of net investment income and losses are as follows (dollars in thousands): Three Months Ended March 31, 2022 2021 Debt securities $ 582 $ 600 Equity securities 28 48 Cash, cash equivalents and short-term investments 1 1 Total investment income 611 649 Investment expenses (104 ) (117 ) Net investment income $ 507 $ 532
Schedule of Gross Realized Gains and Losses on Securities	The following table summarizes the gross realized gains and losses from sales, calls and maturities of available-for-sale debt and equity securities (dollars in thousands): Three Months Ended March 31, 2022 2021 Debt securities: Gross realized gains $ — $ 27 Gross realized losses — (6 ) Total debt securities — 21 Equity securities: Gross realized gains 19 2,903 Gross realized losses (88 ) — Total equity securities (69 ) 2,903 Total net realized investment gains (losses) $ (69 ) $ 2,924
Summary of Amortized Cost and Fair Value of Securities	The table below summarizes the amortized cost and fair value of available-for-sale debt securities by contractual maturity at March 31, 2022. Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties (dollars in thousands): Amortized Cost Estimated Fair Value Due in one year or less $ 10,388 $ 10,361 Due after one year through five years 33,732 32,466 Due after five years through ten years 23,806 21,843 Due after ten years 15,826 14,427 Securities with contractual maturities 83,752 79,097 Asset-backed securities 27,952 27,231 Mortgage-backed securities 31,870 29,308 Commercial mortgage-backed securities 3,424 3,370 Collateralized mortgage obligations 5,219 5,029 Total debt securities $ 152,217 $ 144,035

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value	The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis, classified by the valuation hierarchy as of March 31, 2022 and December 31, 2021 (dollars in thousands): March 31, 2022 Fair Value Measurements Total Level 1 Level 2 Level 3 Assets: Debt Securities: U.S. Government $ 18,258 $ — $ 18,258 $ — State and local government 28,069 — 28,069 — Corporate debt 32,770 — 32,770 — Asset-backed securities 27,231 — 27,231 — Mortgage-backed securities 29,308 — 29,308 — Commercial mortgage-backed securities 3,370 — 3,370 — Collateralized mortgage obligations 5,029 — 5,029 — Total debt securities 144,035 — 144,035 — Equity Securities 10,399 10,126 273 — Short-term investments 18,197 18,197 — — Total marketable investments measured at fair value $ 172,631 $ 28,323 $ 144,308 $ — Investments measured at NAV: Investment in limited partnership 493 Total assets measured at fair value $ 173,124 Liabilities: Senior Unsecured Notes * $ 23,045 $ — $ 23,045 $ — Subordinated Notes * 11,620 — — 11,620 Line of credit * 5,000 — 5,000 — Total Liabilities measured at fair value $ 39,665 $ — $ 28,045 $ 11,620 * Carried at face value of debt net of unamortized debt issuance costs on the consolidated balance sheets December 31, 2021 Fair Value Measurements 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 sheets

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs (Tables)	3 Months Ended
	Mar. 31, 2022
Deferred Policy Acquisition Costs Disclosures [Abstract]
Summary of Deferred Policy Acquisition Costs	The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands): Three Months Ended March 31, 2022 2021 Balance at beginning of period $ 12,267 $ 12,243 Deferred policy acquisition costs 3,321 6,966 Amortization of policy acquisition costs (5,464 ) (6,750 ) Net change (2,143 ) 216 Balance at end of period $ 10,124 $ 12,459

Unpaid Losses and Loss Adjust_2

Unpaid Losses and Loss Adjustment Expenses (Tables)	3 Months Ended
	Mar. 31, 2022
Insurance Loss Reserves [Abstract]
Schedule of the Changes in the Reserves for Losses and Loss Adjustment Expense	The table below provides the changes in the reserves for losses and LAE, net of reinsurance recoverables, for the periods indicated as follows (dollars in thousands): Three months ended March 31, 2022 2021 Gross reserves - beginning of period $ 139,085 $ 111,270 Less: reinsurance recoverables on unpaid losses (40,344 ) (24,218 ) Net reserves - beginning of period 98,741 87,052 Add: incurred losses and LAE, net of reinsurance: Current period 12,497 13,584 Prior period 5,521 5,778 Total net incurred losses and LAE 18,018 19,362 Deduct: loss and LAE payments, net of reinsurance: Current period 2,512 3,180 Prior period 13,914 11,117 Total net loss and LAE payments 16,426 14,297 Net reserves - end of period 100,333 92,117 Plus: reinsurance recoverables on unpaid losses 40,605 26,559 Gross reserves - end of period $ 140,938 $ 118,676

Reinsurance (Tables)

Reinsurance (Tables)	3 Months Ended
	Mar. 31, 2022
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): Three Months Ended March 31, 2022 2021 Written premiums: Direct $ 24,796 $ 23,433 Assumed 8,168 6,940 Ceded (14,943 ) (5,890 ) Net written premiums $ 18,021 $ 24,483 Earned premiums: Direct $ 24,123 $ 20,990 Assumed 8,641 7,257 Ceded (8,809 ) (5,412 ) Net earned premiums $ 23,955 $ 22,835 Losses and LAE: Direct $ 13,066 $ 20,750 Assumed 7,408 6,781 Ceded (2,456 ) (8,169 ) Net Losses and LAE $ 18,018 $ 19,362 Some of the excess of loss treaties that renewed on December 31, 2021 and January 1, 2022, included ceding commissions equal to 40% of the ceded premiums. The ceding commission is reflected as a reduction in acquisition costs and amounted to $2.2 million for the three months ended March 31, 2022. There were no ceding commissions on the excess of loss treaties during 2021.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Outstanding Senior Debt	A summary of the Company's outstanding debt is as follows (dollars in thousands): March 31, 2022 December 31, 2021 Senior unsecured notes $ 23,991 $ 23,926 Subordinated notes 9,651 9,638 Line of credit 5,000 — Paycheck Protection Program loan * — — Total $ 38,642 $ 33,564 * The PPP loan was embedded into the line of credit facility. See below.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents changes in accumulated other comprehensive income (loss) for unrealized gains and losses on available-for-sale securities (dollars in thousands): Three months ended March 31, 2022 2021 Balance at beginning of period $ (2,110 ) $ 912 Other comprehensive income (loss) before reclassifications, net of tax (7,287 ) (1,924 ) Less: amounts reclassified from accumulated other comprehensive income (loss), net of tax — 943 Net other comprehensive income (loss) (7,287 ) (2,867 ) Balance at end of period $ (9,397 ) $ (1,955 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except per share and share amounts): Three Months Ended March 31, 2022 2021 Net income (loss) $ (2,870 ) $ (4,636 ) Weighted average common shares, basic and diluted * 9,707,817 9,681,728 Earnings (loss) per common share, basic and diluted $ (0.30 ) $ (0.48 ) * The non-vested shares of the restricted stock units and stock options were anti-dilutive as of March 31, 2022 and 2021. Therefore, the basic and diluted weighted average common shares are equal for the three months ended March 31, 2022 and 2021.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Information by Reportable Segment	The following tables present information by reportable operating segment (dollars in thousands): Three months ended March 31, 2022 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 28,586 $ 4,378 $ 32,964 $ — $ — $ — $ 32,964 Net written premiums $ 14,340 $ 3,681 $ 18,021 $ — $ — $ — $ 18,021 Net earned premiums $ 20,524 $ 3,431 $ 23,955 $ — $ — $ — $ 23,955 Other income 71 6 77 1,112 147 (638 ) 698 Segment revenue 20,595 3,437 24,032 1,112 147 (638 ) 24,653 Losses and LAE, net 16,610 1,408 18,018 — — — 18,018 Policy acquisition costs 4,357 1,093 5,450 758 — (744 ) 5,464 Operating expenses 3,161 402 3,563 292 305 — 4,160 Segment expenses 24,128 2,903 27,031 1,050 305 (744 ) 27,642 Segment gain (loss) $ (3,533 ) $ 534 $ (2,999 ) $ 62 $ (158 ) $ 106 $ (2,989 ) Investment income 507 507 Net realized investment gains (losses) (69 ) (69 ) Change in fair value of equity securities 280 280 Other gains (losses) (5 ) (5 ) Interest expense (711 ) (711 ) Income (loss) before equity earnings in Affiliate and income taxes $ (3,533 ) $ 534 $ (2,999 ) $ 62 $ (156 ) $ 106 $ (2,987 ) Three months ended March 31, 2021 Commercial Lines Personal Lines Total Underwriting Wholesale Agency Corporate Eliminations Total Gross written premiums $ 27,221 $ 3,152 $ 30,373 $ — $ — $ — $ 30,373 Net written premiums $ 21,557 $ 2,926 $ 24,483 $ — $ — $ — $ 24,483 Net earned premiums $ 20,706 $ 2,129 $ 22,835 $ — $ — $ — $ 22,835 Other income 56 40 96 1,726 43 (1,309 ) 556 Segment revenue 20,762 2,169 22,931 1,726 43 (1,309 ) 23,391 Losses and LAE, net 16,955 2,407 19,362 — — — 19,362 Policy acquisition costs 6,318 600 6,918 1,127 — (1,295 ) 6,750 Operating expenses 2,955 349 3,304 744 301 — 4,349 Segment expenses 26,228 3,356 29,584 1,871 301 (1,295 ) 30,461 Segment gain (loss) $ (5,466 ) $ (1,187 ) $ (6,653 ) $ (145 ) $ (258 ) $ (14 ) $ (7,070 ) Investment income 532 532 Net realized investment gains 2,924 2,924 Change in fair value of equity securities (540 ) (540 ) Other gains — — Interest expense (721 ) (721 ) Income (loss) before equity earnings in Affiliate and income taxes $ (5,466 ) $ (1,187 ) $ (6,653 ) $ (145 ) $ 1,937 $ (14 ) $ (4,875 )

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details)	3 Months Ended
	Mar. 31, 2022class_businessstate
Accounting Policies [Abstract]
Non Controlling Interest	50.00%
Number of types of business | class_business	3
Number of states in which entity operates | state	50

Investments - Available-for-sal

Investments - Available-for-sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	$ 152,217	$ 150,732
Debt securities, Gross Unrealized Gain	84	898
Debt securities, Gross Unrealized Losses	(8,266)	(1,847)
Debt securities, Estimated Fair Value	144,035	149,783
U.S. Government
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	18,541	20,723
Debt securities, Gross Unrealized Gain	8	74
Debt securities, Gross Unrealized Losses	(291)	(77)
Debt securities, Estimated Fair Value	18,258	20,720
State and local government
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	29,866	30,063
Debt securities, Gross Unrealized Gain	49	555
Debt securities, Gross Unrealized Losses	(1,846)	(189)
Debt securities, Estimated Fair Value	28,069	30,429
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	35,345	30,808
Debt securities, Gross Unrealized Gain	11	88
Debt securities, Gross Unrealized Losses	(2,586)	(550)
Debt securities, Estimated Fair Value	32,770	30,346
Asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	27,952	28,652
Debt securities, Gross Unrealized Gain	2	10
Debt securities, Gross Unrealized Losses	(723)	(224)
Debt securities, Estimated Fair Value	27,231	28,438
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	31,870	33,178
Debt securities, Gross Unrealized Gain	9	105
Debt securities, Gross Unrealized Losses	(2,571)	(762)
Debt securities, Estimated Fair Value	29,308	32,521
Commercial mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	3,424	1,659
Debt securities, Gross Unrealized Gain	1	31
Debt securities, Gross Unrealized Losses	(55)	0
Debt securities, Estimated Fair Value	3,370	1,690
Collateralized mortgage obligations
Debt Securities, Available-for-sale [Line Items]
Debt securities, Cost or Amortized Cost	5,219	5,649
Debt securities, Gross Unrealized Gain	4	35
Debt securities, Gross Unrealized Losses	(194)	(45)
Debt securities, Estimated Fair Value	$ 5,029	$ 5,639

Investments - Available-for-s_2

Investments - Available-for-sale Securities in Unrealized Loss Positions (Details) $ in Thousands	Mar. 31, 2022USD ($)security	Dec. 31, 2021USD ($)security
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Number of Positions [Abstract]
Debt securities, less than 12 months, number of issues | security	241	134
Debt securities, greater than 12 months, number of issues | security	44	10
Debt securities, number of issues | security	285	144
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 82,140	$ 95,923
Debt securities, greater than 12 months, fair value	51,068	7,801
Debt securities, fair value	133,208	103,724
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(4,140)	(1,750)
Debt securities, greater than 12 months, unrealized losses	(4,126)	(97)
Debt securities, total unrealized losses	$ (8,266)	$ (1,847)
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	8	6
Debt securities, greater than 12 months, number of issues | security	4	1
Debt securities, number of issues | security	12	7
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 10,508	$ 10,323
Debt securities, greater than 12 months, fair value	6,482	4,728
Debt securities, fair value	16,990	15,051
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(93)	(47)
Debt securities, greater than 12 months, unrealized losses	(198)	(30)
Debt securities, total unrealized losses	$ (291)	$ (77)
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	108	41
Debt securities, greater than 12 months, number of issues | security	8	4
Debt securities, number of issues | security	116	45
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 21,485	$ 8,875
Debt securities, greater than 12 months, fair value	866	446
Debt securities, fair value	22,351	9,321
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(1,724)	(172)
Debt securities, greater than 12 months, unrealized losses	(122)	(17)
Debt securities, total unrealized losses	$ (1,846)	$ (189)
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	54	41
Debt securities, greater than 12 months, number of issues | security	12	1
Debt securities, number of issues | security	66	42
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 23,456	$ 22,748
Debt securities, greater than 12 months, fair value	7,982	705
Debt securities, fair value	31,438	23,453
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(1,686)	(505)
Debt securities, greater than 12 months, unrealized losses	(900)	(45)
Debt securities, total unrealized losses	$ (2,586)	$ (550)
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	21	24
Debt securities, greater than 12 months, number of issues | security	8	2
Debt securities, number of issues | security	29	26
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 13,448	$ 24,305
Debt securities, greater than 12 months, fair value	12,240	1,893
Debt securities, fair value	25,688	26,198
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(122)	(219)
Debt securities, greater than 12 months, unrealized losses	(601)	(5)
Debt securities, total unrealized losses	$ (723)	$ (224)
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	29	12
Debt securities, greater than 12 months, number of issues | security	7	0
Debt securities, number of issues | security	36	12
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 6,714	$ 27,034
Debt securities, greater than 12 months, fair value	22,224	0
Debt securities, fair value	28,938	27,034
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(343)	(762)
Debt securities, greater than 12 months, unrealized losses	(2,228)	0
Debt securities, total unrealized losses	$ (2,571)	$ (762)
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	3	0
Debt securities, greater than 12 months, number of issues | security	0	0
Debt securities, number of issues | security	3	0
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 3,111	$ 0
Debt securities, greater than 12 months, fair value	0	0
Debt securities, fair value	3,111	0
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(55)	0
Debt securities, greater than 12 months, unrealized losses	0	0
Debt securities, total unrealized losses	$ (55)	$ 0
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	18	10
Debt securities, greater than 12 months, number of issues | security	5	2
Debt securities, number of issues | security	23	12
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Debt securities, less than 12 months, fair value	$ 3,418	$ 2,638
Debt securities, greater than 12 months, fair value	1,274	29
Debt securities, fair value	4,692	2,667
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Debt securities, less than 12 months, unrealized losses	(117)	(45)
Debt securities, greater than 12 months, unrealized losses	(77)	0
Debt securities, total unrealized losses	$ (194)	$ (45)

Investments - Net Investment In

Investments - Net Investment Income and Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net Investment Income [Line Items]
Investment income	$ 611	$ 649
Investment expenses	(104)	(117)
Net investment income	507	532
Debt securities
Net Investment Income [Line Items]
Investment income	582	600
Equity securities
Net Investment Income [Line Items]
Investment income	28	48
Cash, cash equivalents and short-term investments
Net Investment Income [Line Items]
Investment income	$ 1	$ 1

Investments - Gross Realized Ga

Investments - Gross Realized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt securities:
Gross realized gains		$ 27
Gross realized losses		(6)
Total debt securities		21
Equity securities:
Gross realized gains	$ 19	2,903
Gross realized losses	(88)
Total equity securities	(69)	2,903
Total net realized investment gains (losses)	$ (69)	$ 2,924

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Investments Debt And Equity Securities [Abstract]
Proceeds from available-for-sale debt securities	$ 6,700,000	$ 14,200,000
Gross realized gains from sales of available-for-sale debt securities	0	27,000
Gross realized losses from sales of available-for-sale debt securities	0	6,000
Amount payable for securities purchased	750,000	0
Amount receivable for securities sold	1,300,000	$ 3,000
Other than temporary impairments losses, investments	0
Investments	1,200,000		$ 1,200,000
Deposits held in trust accounts	8,200,000		8,500,000
Deposits, held in trust for collateral requirements	$ 78,000,000		$ 76,100,000

Investments - Available-for-s_3

Investments - Available-for-sale Fixed Maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Amortized Cost
Due in one year or less	$ 10,388
Due after one year through five years	33,732
Due after five years through ten years	23,806
Due after ten years	15,826
Securities with contractual maturities	83,752
Total debt securities	152,217	$ 150,732
Estimated Fair Value
Due in one year or less	10,361
Due after one year through five years	32,466
Due after five years through ten years	21,843
Due after ten years	14,427
Securities with contractual maturities	79,097
Total debt securities	144,035	149,783
Asset-backed securities
Amortized Cost
Total debt securities	27,952	28,652
Estimated Fair Value
Total debt securities	27,231	28,438
Mortgage-backed securities
Amortized Cost
Total debt securities	31,870	33,178
Estimated Fair Value
Total debt securities	29,308	32,521
Commercial mortgage-backed securities
Amortized Cost
Total debt securities	3,424	1,659
Estimated Fair Value
Total debt securities	3,370	1,690
Collateralized mortgage obligations
Amortized Cost
Total debt securities	5,219	5,649
Estimated Fair Value
Total debt securities	$ 5,029	$ 5,639

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets:
Total debt securities	$ 144,035	$ 149,783
Equity Securities	10,399	9,437
Short-term investments	18,197	23,013
Total marketable investments measured at fair value	172,631	182,233
Total assets measured at fair value	173,124	182,727
Liabilities:
Debt	38,642	33,564
Total Liabilities measured at fair value	39,665	35,822
Line of credit
Liabilities:
Debt	5,000
U.S. Government
Assets:
Total debt securities	18,258	20,720
State and local government
Assets:
Total debt securities	28,069	30,429
Corporate debt
Assets:
Total debt securities	32,770	30,346
Asset-backed securities
Assets:
Total debt securities	27,231	28,438
Mortgage-backed securities
Assets:
Total debt securities	29,308	32,521
Commercial mortgage-backed securities
Assets:
Total debt securities	3,370	1,690
Collateralized mortgage obligations
Assets:
Total debt securities	5,029	5,639
Senior Unsecured Notes
Liabilities:
Debt	23,045	24,118
Subordinated notes
Liabilities:
Debt	11,620	11,704
Level 1
Assets:
Total debt securities	0	0
Equity Securities	10,126	9,154
Short-term investments	18,197	23,013
Total marketable investments measured at fair value	28,323	32,167
Liabilities:
Total Liabilities measured at fair value	0	0
Level 1 | U.S. Government
Assets:
Total debt securities	0	0
Level 1 | State and local government
Assets:
Total debt securities	0	0
Level 1 | Corporate debt
Assets:
Total debt securities	0	0
Level 1 | Asset-backed securities
Assets:
Total debt securities	0	0
Level 1 | Mortgage-backed securities
Assets:
Total debt securities	0	0
Level 1 | Commercial mortgage-backed securities
Assets:
Total debt securities	0	0
Level 1 | Collateralized mortgage obligations
Assets:
Total debt securities	0	0
Level 1 | Senior Unsecured Notes
Liabilities:
Debt	0	0
Level 1 | Subordinated notes
Liabilities:
Debt	0	0
Level 2
Assets:
Total debt securities	144,035	149,783
Equity Securities	273	283
Short-term investments	0	0
Total marketable investments measured at fair value	144,308	150,066
Liabilities:
Total Liabilities measured at fair value	28,045	24,118
Level 2 | Line of credit
Liabilities:
Debt	5,000
Level 2 | U.S. Government
Assets:
Total debt securities	18,258	20,720
Level 2 | State and local government
Assets:
Total debt securities	28,069	30,429
Level 2 | Corporate debt
Assets:
Total debt securities	32,770	30,346
Level 2 | Asset-backed securities
Assets:
Total debt securities	27,231	28,438
Level 2 | Mortgage-backed securities
Assets:
Total debt securities	29,308	32,521
Level 2 | Commercial mortgage-backed securities
Assets:
Total debt securities	3,370	1,690
Level 2 | Collateralized mortgage obligations
Assets:
Total debt securities	5,029	5,639
Level 2 | Senior Unsecured Notes
Liabilities:
Debt	23,045	24,118
Level 2 | Subordinated notes
Liabilities:
Debt		0
Level 3
Assets:
Total debt securities	0	0
Equity Securities	0	0
Short-term investments	0	0
Total marketable investments measured at fair value	0	0
Liabilities:
Total Liabilities measured at fair value	11,620	11,704
Level 3 | U.S. Government
Assets:
Total debt securities	0	0
Level 3 | State and local government
Assets:
Total debt securities	0	0
Level 3 | Corporate debt
Assets:
Total debt securities	0	0
Level 3 | Asset-backed securities
Assets:
Total debt securities	0	0
Level 3 | Mortgage-backed securities
Assets:
Total debt securities	0	0
Level 3 | Commercial mortgage-backed securities
Assets:
Total debt securities	0	0
Level 3 | Collateralized mortgage obligations
Assets:
Total debt securities	0	0
Level 3 | Senior Unsecured Notes
Liabilities:
Debt	0	0
Level 3 | Subordinated notes
Liabilities:
Debt	11,620	11,704
Partnership interest
Assets:
Investments measured at NAV	$ 493	$ 494

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	Mar. 31, 2022
Level 1
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment portfolio percentage	16.40%
Level 2
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Investment portfolio percentage	83.40%

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs - Activity in Deferred Policy Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance at beginning of period	$ 12,267	$ 12,243
Deferred policy acquisition costs	3,321	6,966
Amortization of policy acquisition costs	(5,464)	(6,750)
Net change	(2,143)	216
Balance at end of period	$ 10,124	$ 12,459

Unpaid Losses and Loss Adjust_3

Unpaid Losses and Loss Adjustment Expenses - Changes in the Liability for Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Gross reserves - beginning of period	$ 139,085	$ 111,270
Less: reinsurance recoverables on unpaid losses	(40,344)	(24,218)
Net reserves - beginning of period	98,741	87,052
Add: incurred losses and LAE, net of reinsurance:
Current period	12,497	13,584
Prior period	5,521	5,778
Total net incurred losses and LAE	18,018	19,362
Deduct: loss and LAE payments, net of reinsurance:
Current period	2,512	3,180
Prior period	13,914	11,117
Total net loss and LAE payments	16,426	14,297
Net reserves - end of period	100,333	92,117
Plus: reinsurance recoverables on unpaid losses	40,605	26,559
Gross reserves - end of period	$ 140,938	$ 118,676

Unpaid Losses and Loss Adjust_4

Unpaid Losses and Loss Adjustment Expenses - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Liability For Claims And Claims Adjustment Expense [Line Items]
Losses and loss adjustment expenses, net	$ 18,018,000	$ 19,362,000
Prior year adjustments	5,521,000	5,778,000
2017 Accident Year
Liability For Claims And Claims Adjustment Expense [Line Items]
Prior year adjustments	1,500,000
2018 Accident Year
Liability For Claims And Claims Adjustment Expense [Line Items]
Prior year adjustments	1,300,000
2019 Accident Year
Liability For Claims And Claims Adjustment Expense [Line Items]
Prior year adjustments	1,300,000
2020 Accident Year
Liability For Claims And Claims Adjustment Expense [Line Items]
Prior year adjustments	1,500,000
Commercial Lines1
Liability For Claims And Claims Adjustment Expense [Line Items]
Prior year adjustments	5,700,000	5,200,000
Personal Lines
Liability For Claims And Claims Adjustment Expense [Line Items]
Prior year adjustments	$ 219,000	612,000
Hospitality Lines
Liability For Claims And Claims Adjustment Expense [Line Items]
Prior year adjustments		2,700,000
Small Business Lines
Liability For Claims And Claims Adjustment Expense [Line Items]
Prior year adjustments		$ 2,500,000

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($)	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Effects Of Reinsurance [Line Items]
Ceded premium written		$ 14,943,000	$ 5,890,000
Ceded premiums earned		8,809,000	$ 5,412,000
40% Cede of Commercial Liability Risks In Excess of $400,000
Effects Of Reinsurance [Line Items]
Amount retained (excess of)		$ 400,000
Reinsurance retention policy, reinsured percentage		40.00%
60% Cede of Commercial Liability Risks In Excess of $300,000
Effects Of Reinsurance [Line Items]
Amount retained (excess of)		$ 300,000
Reinsurance retention policy, reinsured percentage		60.00%
100% Cede of Commercial Liability Risks In Excess of $400,000
Effects Of Reinsurance [Line Items]
Amount retained (excess of)				$ 400,000	$ 400,000
Ceded Commercial Property Risks In Excess of $300,000
Effects Of Reinsurance [Line Items]
Amount retained (excess of)		$ 300,000
Ceded Commercial Property Risks In Excess of $200,000
Effects Of Reinsurance [Line Items]
Amount retained (excess of)				200,000
40% Cede of Commercial Property Risks In Excess of $400,000
Effects Of Reinsurance [Line Items]
Amount retained (excess of)					$ 400,000
Reinsurance retention policy, reinsured percentage					40.00%
60% Cede of Commercial Property Risks In Excess of $300,000
Effects Of Reinsurance [Line Items]
Amount retained (excess of)					$ 300,000
Reinsurance retention policy, reinsured percentage					60.00%
Ceded Homeowners Specific Risks In Excess of $300,000
Effects Of Reinsurance [Line Items]
Amount retained (excess of)		300,000		$ 300,000
Ceding Commission
Effects Of Reinsurance [Line Items]
Reinsurance retention policy, reinsured percentage	40.00%
Ceding Commission | Acquisition-related Costs
Effects Of Reinsurance [Line Items]
Ceded premium written	$ 0	$ 2,200,000

Reinsurance - Effects of Reinsu

Reinsurance - Effects of Reinsurance and Assumption Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Written premiums:
Direct	$ 24,796	$ 23,433
Assumed	8,168	6,940
Ceded	(14,943)	(5,890)
Net written premiums	18,021	24,483
Earned premiums:
Direct	24,123	20,990
Assumed	8,641	7,257
Ceded	(8,809)	(5,412)
Net earned premiums	23,955	22,835
Losses and LAE:
Direct	13,066	20,750
Assumed	7,408	6,781
Ceded	(2,456)	(8,169)
Total net incurred losses and LAE	$ 18,018	$ 19,362

Debt - Narrative (Details)

Debt - Narrative (Details)	Dec. 01, 2022USD ($)	Apr. 24, 2020USD ($)	Sep. 24, 2018USD ($)	Mar. 31, 2022USD ($)debt_instrumentshares	Sep. 30, 2021USD ($)	Mar. 31, 2021shares	Oct. 31, 2018USD ($)
Debt Instrument [Line Items]
Number of debt instruments | debt_instrument				3
Paycheck Protection Program
Debt Instrument [Line Items]
Debt		$ 2,700,000
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 was included in Other Gains on the Consolidated Statement of Operations in the third quarter of 2021.
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				$ 24,400,000			$ 25,300,000
Maturity date							Sep. 30, 2023
Interest rate							6.75%
Number of units repurchased | shares				0		0
Debt issuance costs				$ 390,000
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				849,000
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
Line of credit
Debt Instrument [Line Items]
Borrowing capacity	$ 10,000,000			10,000,000
Debt				$ 5,000,000
Line of credit | LIBOR
Debt Instrument [Line Items]
Variable interest rate	2.75%

Debt - Outstanding Senior Debt

Debt - Outstanding Senior Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Apr. 24, 2020
Debt Instrument [Line Items]
Debt	$ 38,642	$ 33,564
Paycheck Protection Program
Debt Instrument [Line Items]
Debt			$ 2,700
Senior Unsecured Notes
Debt Instrument [Line Items]
Debt	23,991	23,926
Subordinated notes
Debt Instrument [Line Items]
Debt	9,651	$ 9,638
Line of credit
Debt Instrument [Line Items]
Debt	$ 5,000

Shareholder's Equity - Narrativ

Shareholder's Equity - Narrative (Details)	3 Months Ended
	Mar. 31, 2022voteshares	Dec. 31, 2021shares
Equity Class Of Treasury Stock [Line Items]
Common stock, shares issued (in shares)	9,707,817	9,707,817
Common stock, shares outstanding (in shares)	9,707,817	9,707,817
Common stock voting rights, number of votes per share | vote	1
Common stocks
Equity Class Of Treasury Stock [Line Items]
Common stock, shares issued (in shares)	9,707,817	9,707,817
Common stock, shares outstanding (in shares)	9,707,817	9,707,817

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 40,503	$ 44,413
Other comprehensive income (loss)	(7,287)	(2,867)
Balance at end of period	30,384	36,976
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(2,110)	912
Other comprehensive income (loss) before reclassifications, net of tax	(7,287)	(1,924)
Less: amounts reclassified from accumulated other comprehensive income (loss), net of tax		943
Other comprehensive income (loss)	(7,287)	(2,867)
Balance at end of period	$ (9,397)	$ (1,955)

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net income (loss)		$ (2,870)	$ (4,636)
Weighted average common shares outstanding, basic and diluted	[1]	9,707,817	9,681,728
Earnings (loss) per common share, basic and diluted		$ (0.30)	$ (0.48)
[1]	The non-vested shares of the restricted stock units and stock options were anti-dilutive as of March 31, 2022 and 2021.  Therefore, the basic and diluted weighted average common shares are equal for the three months ended March 31, 2022 and 2021

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - USD ($)	Mar. 08, 2022	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2020	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	630,000			280,000
Vesting period	5 years			5 years
Strike price	$ 4.53			$ 3.81
Expiration date	Mar. 8, 2032			Jun. 30, 2030
Estimated value of options issued to purchase shares of common stock	$ 612,000			$ 290,000
Share-based compensation expense		$ 24,000	$ 12,000
Share-based compensation expense not yet recognized		$ 773,000
Share-based compensation nonvested shares		834,000
2015 Omnibus Incentive Plan | Restricted Stock Units (RSUs)
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		$ 14,000	$ 54,000
Share-based compensation expense not yet recognized		$ 59,000
Share-based compensation nonvested shares		19,000

Segment Information - Narrative

Segment Information - Narrative (Details) - business	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
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	59.20%	53.50%

Segment Information - Informati

Segment Information - Information by Reportable Operating Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Gross written premiums	$ 32,964	$ 30,373
Net written premiums	18,021	24,483
Net earned premiums	23,955	22,835
Other income	698	556
Segment revenue	24,653	23,391
Losses and loss adjustment expenses, net	18,018	19,362
Policy acquisition costs	5,464	6,750
Operating expenses	4,160	4,349
Segment expenses	27,642	30,461
Segment gain (loss)	(2,989)	(7,070)
Net investment income	507	532
Net realized investment gains (losses)	(69)	2,924
Change in fair value of equity securities	280	(540)
Other gains (losses)	(5)
Interest expense	(711)	(721)
Income (loss) before equity earnings in Affiliate and income taxes	(2,987)	(4,875)
Operating Segments | Commercial Lines1
Segment Reporting Information [Line Items]
Gross written premiums	28,586	27,221
Net written premiums	14,340	21,557
Net earned premiums	20,524	20,706
Other income	71	56
Segment revenue	20,595	20,762
Losses and loss adjustment expenses, net	16,610	16,955
Policy acquisition costs	4,357	6,318
Operating expenses	3,161	2,955
Segment expenses	24,128	26,228
Segment gain (loss)	(3,533)	(5,466)
Income (loss) before equity earnings in Affiliate and income taxes	(3,533)	(5,466)
Operating Segments | Personal Lines
Segment Reporting Information [Line Items]
Gross written premiums	4,378	3,152
Net written premiums	3,681	2,926
Net earned premiums	3,431	2,129
Other income	6	40
Segment revenue	3,437	2,169
Losses and loss adjustment expenses, net	1,408	2,407
Policy acquisition costs	1,093	600
Operating expenses	402	349
Segment expenses	2,903	3,356
Segment gain (loss)	534	(1,187)
Income (loss) before equity earnings in Affiliate and income taxes	534	(1,187)
Operating Segments | Total Underwriting
Segment Reporting Information [Line Items]
Gross written premiums	32,964	30,373
Net written premiums	18,021	24,483
Net earned premiums	23,955	22,835
Other income	77	96
Segment revenue	24,032	22,931
Losses and loss adjustment expenses, net	18,018	19,362
Policy acquisition costs	5,450	6,918
Operating expenses	3,563	3,304
Segment expenses	27,031	29,584
Segment gain (loss)	(2,999)	(6,653)
Income (loss) before equity earnings in Affiliate and income taxes	(2,999)	(6,653)
Operating Segments | Wholesale Agency
Segment Reporting Information [Line Items]
Other income	1,112	1,726
Segment revenue	1,112	1,726
Policy acquisition costs	758	1,127
Operating expenses	292	744
Segment expenses	1,050	1,871
Segment gain (loss)	62	(145)
Income (loss) before equity earnings in Affiliate and income taxes	62	(145)
Corporate
Segment Reporting Information [Line Items]
Other income	147	43
Segment revenue	147	43
Operating expenses	305	301
Segment expenses	305	301
Segment gain (loss)	(158)	(258)
Net investment income	507	532
Net realized investment gains (losses)	(69)	2,924
Change in fair value of equity securities	280	(540)
Other gains (losses)	(5)
Interest expense	(711)	(721)
Income (loss) before equity earnings in Affiliate and income taxes	(156)	1,937
Eliminations
Segment Reporting Information [Line Items]
Other income	(638)	(1,309)
Segment revenue	(638)	(1,309)
Policy acquisition costs	(744)	(1,295)
Segment expenses	(744)	(1,295)
Segment gain (loss)	106	(14)
Income (loss) before equity earnings in Affiliate and income taxes	$ 106	$ (14)

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - Subsequent Events - Subscription Agreement $ in Millions	May 11, 2022USD ($)
Subsequent Event [Line Items]
Issue of equity amount	$ 5
Proceeds from equity	1.5
Payment of line of credit	$ 1.5