NI (NODK) 10-Q 13 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 10, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	NI Holdings, Inc.
Entity Central Index Key	1,681,206
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		22,313,329
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017

Unaudited Consolidated Balance

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets:
Cash and cash equivalents	$ 2,984	$ 18,318
Fixed income securities, at fair value	237,389	161,470
Equity securities, at fair value	43,837	25,917
Other investments	1,972	1,972
Total cash and investments	286,182	207,677
Premiums and agents' balances receivable	72,573	21,986
Deferred policy acquisition costs	11,753	8,942
Reinsurance premiums receivable	2,527
Reinsurance recoverables on losses	8,680	7,192
Accrued investment income	1,904	1,431
Property and equipment	5,497	4,819
Receivable from Federal Crop Insurance Corporation	20,683	16,761
Goodwill	2,628	2,628
Federal income tax recoverable	3,089	2,933
Other assets	3,191	4,334
Total assets	418,707	278,703
Liabilities:
Unpaid losses and loss adjustment expenses	85,427	59,632
Unearned premiums	75,816	57,445
Reinsurance payable	3,799	39
Deferred income taxes, net	3,870	2,915
Accrued expenses and other liabilities	9,883	5,254
Commitments and Contingencies
Total liabilities	178,795	125,285
Equity:
Common stock, $0.01 par value, authorized 25,000,000 shares, issued: 2017 - 23,000,000 shares, 2016 - none; and outstanding: 2017 - 22,313,329 shares, 2016 - none	230
Preferred stock, without par value, authorized 5,000,000 shares, no shares issued or outstanding
Additional paid-in capital	92,915
Unearned employee stock ownership plan shares	(2,400)
Retained earnings	141,676	139,591
Accumulated other comprehensive income, net of income taxes	11,870	10,305
Treasury stock, at cost, 2017 - 446,671 shares, 2016 - none	(8,037)
Non-controlling interest	3,658	3,522
Total equity	239,912	153,418
Total liabilities and equity	$ 418,707	$ 278,703

Unaudited Consolidated Balance3

Unaudited Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	23,000,000	0
Common stock, shares outstanding	22,313,329	0
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Treasury stock, shares	446,671	0

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Net premiums earned	$ 52,525	$ 52,639	$ 130,987	$ 119,890
Fee and other income	752	680	1,420	1,492
Net investment income	1,549	971	4,139	3,286
Net realized capital gain on investments	1,885	4,996	2,840	5,215
Total revenues	56,711	59,286	139,386	129,883
Expenses:
Losses and loss adjustment expenses	49,599	50,675	103,550	93,260
Amortization of deferred policy acquisition costs	9,792	6,644	21,102	16,878
Other underwriting and general expenses	445	4,528	10,867	15,270
Total expenses	59,836	61,847	135,519	125,408
Income (loss) before income taxes	(3,125)	(2,561)	3,867	4,475
Income taxes	(432)	(1,562)	1,694	1,074
Net income (loss)	(2,693)	(999)	2,173	3,401
Net income (loss) attributable to non-controlling interest	40	(2)	88	(54)
Net income (loss) attributable to NI Holdings, Inc.	$ (2,733)	$ (997)	$ 2,085	$ 3,455
Earnings per common share:
Weighted average shares outstanding	22,313,329		22,577,233
Basic and diluted net income (loss) per share	$ (0.12)		$ 0.09

Unaudited Consolidated Stateme5

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net income (loss)	$ (2,693)	$ (999)	$ 2,173	$ 3,401
Other comprehensive income (loss), before income taxes:
Holding gains on investments	1,611	2,292	5,322	7,913
Reclassification adjustment for net realized capital loss (gain) included in net income	(1,885)	(4,996)	(2,840)	(5,215)
Other comprehensive income (loss), before income taxes	(274)	(2,704)	2,482	2,698
Income tax benefit (expense) related to items of other comprehensive income	95	947	(869)	(944)
Other comprehensive income (loss), net of income taxes	(179)	(1,757)	1,613	1,754
Comprehensive income (loss)	(2,872)	(2,756)	3,786	5,155
Attributable to Non-Controlling Interest [Member]
Net income (loss)	40	(2)	88	(54)
Other comprehensive income (loss), before income taxes:
Holding gains on investments	9	11	23	150
Reclassification adjustment for net realized capital loss (gain) included in net income	24		51	10
Other comprehensive income (loss), before income taxes	33	11	74	160
Income tax benefit (expense) related to items of other comprehensive income	(12)	(4)	(26)	(56)
Other comprehensive income (loss), net of income taxes	21	7	48	104
Comprehensive income (loss)	61	5	136	50
Attributable to NI Holdings, [Member]
Net income (loss)	(2,733)	(997)	2,085	3,455
Other comprehensive income (loss), before income taxes:
Holding gains on investments	1,602	2,281	5,299	7,763
Reclassification adjustment for net realized capital loss (gain) included in net income	(1,909)	(4,996)	(2,891)	(5,225)
Other comprehensive income (loss), before income taxes	(307)	(2,715)	2,408	2,538
Income tax benefit (expense) related to items of other comprehensive income	107	951	(843)	(888)
Other comprehensive income (loss), net of income taxes	(200)	(1,764)	1,565	1,650
Comprehensive income (loss)	$ (2,933)	$ (2,761)	$ 3,650	$ 5,105

Unaudited Consolidated Stateme6

Unaudited Consolidated Statement of Changes in Equity - 9 months ended Sep. 30, 2017 - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Unearned Employee Stock Ownership Plan Shares [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income, Net of Income Taxes [Member]	Treasury Stock [Member]	Non-controlling Interest [Member]	Total
Beginning Balance at Dec. 31, 2016				$ 139,591	$ 10,305		$ 3,522	$ 153,418
Issuance of common stock	230	92,915	(2,400)					90,745
Net income				2,085			88	2,173
Other comprehensive income, net of income taxes					1,565		48	1,613
Purchase of treasury stock						(8,037)		(8,037)
Ending Balance at Sep. 30, 2017	$ 230	$ 92,915	$ (2,400)	$ 141,676	$ 11,870	$ (8,037)	$ 3,658	$ 239,912

Unaudited Consolidated Stateme7

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows from Operating Activities:
Net income	$ 2,173	$ 3,401
Adjustments to reconcile net income to net cash provided by operating activities:
Net realized capital gain on investments	(2,840)	(5,215)
Deferred income tax expense (benefit)		808
Depreciation of property and equipment	376	373
Amortization of intangibles	34	44
Amortization of deferred policy acquisition costs	21,102	16,878
Deferral of policy acquisition costs	(23,913)	(18,152)
Net amortization of premiums and discounts on investments	973	646
Changes in assets and liabilities which provided (used) cash:
Premiums and agents' balances receivable	(50,587)	(39,169)
Reinsurance premiums receivable	(2,527)
Reinsurance recoverables on losses	(1,488)	(12,789)
Accrued investment income	(473)	(14)
Receivable from Federal Crop Insurance Corporation	(3,922)	(15,312)
Federal income tax recoverable	(156)	(3,474)
Other assets	885	60
Unpaid losses and loss adjustment expenses	25,795	30,666
Unearned premiums	18,371	10,804
Reinsurance payables	3,760	8,284
Accrued expenses and other liabilities	4,642	3,156
Net cash used in operating activities	(7,795)	(19,005)
Cash flows from investing activities:
Proceeds from sales of fixed income securities	19,800	15,108
Proceeds from sales of equity securities	6,679	8,489
Purchases of fixed income securities	(95,008)	(19,969)
Purchases of equity securities	(20,891)	(2,179)
Purchases of property and equipment, net	(829)	(710)
Other	2	74
Net cash (used in) provided by investing activities	(90,247)	813
Cash flows from financing activities:
Proceeds from issuance of common stock	93,145
Purchases of treasury stock	(8,037)
Loan to employee stock ownership plan	(2,400)
Proceeds from bank overdraft		8,311
Net cash provided by financing activities	82,708	8,311
Net decrease in cash and cash equivalents	(15,334)	(9,881)
Cash and cash equivalents at beginning of period	18,318	14,521
Cash and cash equivalents at end of period	$ 2,984	$ 4,640

Organization

Organization	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. Organization NI Holdings, Inc. (“NI Holdings”) is a North Dakota business corporation that is the stock holding company of Nodak Insurance Company and became such in connection with the conversion of Nodak Mutual Insurance Company from a mutual to stock form of organization and the creation of a mutual holding company. The conversion was consummated on March 13, 2017. Immediately following the conversion, all of the outstanding shares of common stock of Nodak Insurance Company (the successor to Nodak Mutual Insurance Company) were issued to Nodak Mutual Group, Inc., which then contributed the shares to NI Holdings in exchange for 55% of the outstanding shares of common stock of NI Holdings. Nodak Insurance Company then became a wholly owned stock subsidiary of NI Holdings. Prior to completion of the conversion, NI Holdings conducted no business and had no assets or liabilities. As a result of the conversion, NI Holdings became the holding company for Nodak Insurance Company and its existing subsidiaries. The newly issued shares of NI Holdings were available for public trading on March 16, 2017. The consolidated financial statements of NI Holdings consist primarily of five entities: Nodak Insurance Company (“Nodak Insurance”, formerly Nodak Mutual Insurance Company prior to the conversion), Nodak Agency, Inc. (“Nodak Agency”), American West Insurance Company (“American West”), Primero Insurance Company (“Primero”), and an affiliated company, Battle Creek Mutual Insurance Company (“Battle Creek”). Nodak Insurance is the largest domestic property and casualty insurance company in North Dakota. Nodak Insurance was incorporated on April 15, 1946 under the laws of North Dakota, and benefits from a strong marketing affiliation with the North Dakota Farm Bureau. Nodak Insurance is a leading writer of property and casualty insurance in North Dakota, specializing in providing private passenger auto, homeowners, farmowners, commercial, crop hail, and Federal multi-peril crop insurance coverages. Nodak Agency, a wholly-owned subsidiary of Nodak Insurance, is a non-active shell corporation. American West, a wholly-owned subsidiary of Nodak Insurance, is a property and casualty insurance company licensed in eight states in the Midwest and Western regions of the United States. American West began writing policies in 2002 and primarily writes personal auto, homeowners, and farm coverages in South Dakota. American West also writes personal auto in North Dakota, as well as crop hail and Federal multi-peril crop insurance coverages in Minnesota and South Dakota. Primero Insurance Company is a wholly-owned subsidiary of Tri-State, Ltd. Tri-State, Ltd. is an inactive shell corporation 100% owned by Nodak Insurance. Primero is a property and casualty insurance company writing non-standard automobile coverage in the states of Nevada, Arizona, North Dakota and South Dakota. Battle Creek is controlled by Nodak Insurance via a surplus note and 100% quota share agreement. The terms of the surplus note and quota share agreement allow Nodak Insurance to appoint two-thirds of the Battle Creek Board of Directors. Battle Creek is a property and casualty insurance company writing personal auto, homeowners, and farm coverages solely in the state of Nebraska. The same executive management and underwriting personnel administer products, classes of business, pricing practices, and underwriting standards of Nodak Insurance and its insurance subsidiaries. In addition, the insurance companies share a combined business plan to achieve market penetration and underwriting profitability objectives. Distinctions within the products of the insurance companies generally relate to the states in which the risk is located and specific risk profiles targeted within similar classes of business.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	2. Basis of Presentation Our consolidated financial statements, which we have prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), include our accounts and those of our wholly-owned subsidiaries, as well as Battle Creek, an entity we control via contract. We have eliminated all significant inter-company accounts and transactions in consolidation. The terms “we”, “us”, “our”, or the “Company” as used herein refer to the consolidated entity.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	3. Summary of Significant Accounting Policies Use of Estimates: In preparing our consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet and revenues and expenses for the periods then ended. Actual results could differ significantly from those estimates. We make estimates and assumptions that can have a significant effect on amounts and disclosures we report in our consolidated financial statements. The most significant estimates relate to our reserves for unpaid losses and loss adjustment expenses, valuation of investments, determination of other-than-temporary impairments, valuation allowances for deferred income tax assets, and deferred policy acquisition costs. While we believe our estimates are appropriate, the ultimate amounts may differ from the estimates provided. We regularly review our methods for making these estimates as well as the continuing appropriateness of the estimated amounts, and we reflect any adjustment we consider necessary in our current results of operations. Variable-Interest Entities: Any company deemed to be a variable interest entity (“VIE”) is required to be consolidated by the primary beneficiary of the VIE. We assess our investments in other entities at inception to determine if any meet the qualifications of a VIE. We consider an investment in another company to be a VIE if (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support, (b) the characteristics of a controlling financial interest are missing (either the ability to make decisions through voting or other rights, the obligation to absorb expected losses of the entity or the right to receive the expected residual returns of the entity), or (c) the voting rights of the equity holders are not proportional to their obligations to absorb the expected losses of the entity and/or the rights to receive the expected residual returns of the entity, and substantially all of the entity’s activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights. Upon the occurrence of certain events, we would reassess our initial determination of whether the investment is a VIE. We evaluate whether we are the primary beneficiary of each VIE and we consolidate the VIE if we have both (1) the power to direct the economically significant activities of the entity and (2) the obligation to absorb losses of, or the right to receive benefits from, the entity. We consider the contractual agreements that define the ownership structure, distribution of profits and losses, risks, responsibilities, indebtedness, voting rights, and board representation of the respective parties in determining whether we qualify as the primary beneficiary. Our assessment of whether we are the primary beneficiary of a VIE is performed at least annually. We control Battle Creek via a 100% quota share reinsurance agreement between Nodak Insurance and Battle Creek, as well as the ability to control a majority of the Board of Directors of Battle Creek. Through the effects of the 100% quota share agreement with Battle Creek, we are considered the primary beneficiary of Battle Creek’s operating results excluding investment income, bad debt expense, and income taxes. Therefore, we consolidate the financial statements of Battle Creek, and Battle Creek’s policyholders’ interest in Battle Creek is reflected as a non-controlling interest in equity in our consolidated balance sheet. Cash and Cash Equivalents: Cash and cash equivalents include certain investments in highly liquid debt instruments with original maturities of three months or less. Cost approximates fair value for these short-term investments. Investments: We have categorized our investment portfolio as “available-for-sale” and have reported the portfolio at fair value, with unrealized gains and losses, net of income taxes, reported in accumulated other comprehensive income. Fair values are based on quoted market prices or dealer quotes, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Amortization of premium and accretion of discount are computed using an effective interest method. Realized gains and losses are determined using the specific identification method and included in the determination of net income. Net investment income includes interest and dividend income together with amortization of purchase premiums and discounts, and is net of investment management and custody fees. We review our investments each quarter to determine whether a decline in fair value below the amortized cost basis is other than temporary. Accordingly, we assess whether we intend to sell or it is more likely than not that we will be required to sell a security before recovery of its amortized cost basis. For fixed income securities that are considered other-than-temporarily impaired and that we do not intend to sell and will not be required to sell prior to recovery of the amortized cost basis, we separate the amount of the impairment into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings and is the difference between the security’s amortized cost basis and the present value of its expected future cash flows discounted at the security’s effective yield. The remaining difference between the security’s fair value and the present value of future expected cash flows is due to factors that are not credit related and, therefore, is not required to be recognized as losses in the consolidated statement of operations, but is recognized in other comprehensive income. We classify each fair value measurement at the appropriate level in the fair value hierarchy. The hierarchy gives the highest priority to unadjusted quoted market price in active markets for identical assets or liabilities (Level I measurements) and the lowest priority to unobservable inputs (Level III measurements). An asset’s or liability’s classification within the fair value hierarchy is based on the lowest level of significant input to its valuation. Level I – Quoted price in active markets for identical assets and liabilities. Level II – Quoted prices in markets that are not active or inputs that are observable either directly or indirectly. Level II inputs include quoted prices for similar assets or liabilities other than quoted in prices in Level I, quoted prices in markets that are not active, or other inputs that are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities. Level III – Unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. Unobservable inputs reflect the reporting entity’s own assumptions that market participants would use in pricing the asset or liability. Level III assets and liabilities include financial instruments whose values are determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Fair Value of Other Financial Instruments: Our other financial instruments, aside from investments, are cash and cash equivalents, premiums and agents’ balances receivable, and accrued expenses and accounts payable. The carrying amounts for cash and cash equivalents, premiums and agents’ balances receivable, and accrued expenses and accounts payable approximate their fair value based on their short-term nature. Other invested assets that do not have observable inputs and little or no market activity are carried on a cost basis. The carrying value of these other invested assets was $1,972 at September 30, 2017 and December 31, 2016. Reclassifications: Certain amounts in the 2016 consolidated financial statements have been reclassified to conform to the 2017 presentation. Revenue Recognition: We record premiums written at policy inception and recognize them as revenue on a pro rata basis over the policy term or, in the case of crop insurance, over the period of risk. The portion of premiums that could be earned in the future is deferred and reported as unearned premiums. When policies lapse, the Company reverses the unearned portion of the written premium and removes the applicable unearned premium. Policy-related fee income is recognized when collected. The Company uses the direct write-off method for recognizing bad debts. Accounts are deemed to be delinquent after 60 days except for those accounts associated with amounts due from insureds for premiums, in which case policy cancellation procedures are commenced in accordance with state insurance regulations. Any earned but uncollected premiums are written off immediately upon the effective date of policy cancellation. Policy Acquisition Costs: We defer our policy acquisition costs, consisting primarily of commissions, premium taxes and certain other underwriting costs, reduced by ceding commissions, which vary with and relate directly to the production of business. We amortize these deferred policy acquisition costs over the period in which we earn the premiums. The method we follow in computing deferred policy acquisition costs limits the amount of such deferred costs to their estimated realizable value, which gives effect to the premium to be earned, related investment income, losses and loss adjustment expenses, and certain other costs we expect to incur as we earn the premium. Property and Equipment: We report property and equipment at cost less accumulated depreciation. Depreciation is computed using the straight-line method based upon the estimated useful lives of the assets. Losses and Loss Adjustment Expenses: Liabilities for unpaid losses and loss adjustment expenses are estimates at a given point in time of the amounts we expect to pay with respect to policyholder claims based on facts and circumstances then known. At the time of establishing our estimates, we recognize that our ultimate liability for losses and loss adjustment expenses will exceed or be less than such estimates. We base our estimates of liabilities for unpaid losses and loss adjustment expenses on assumptions as to future loss trends, expected claims severity, judicial theories of liability, and other factors. During the loss adjustment period, we may learn additional facts regarding certain claims, and, consequently, it often becomes necessary for us to refine and adjust our estimates of the liability. We reflect any adjustments to our liabilities for unpaid losses and loss adjustment expenses in our operating results in the period in which we determine the need for a change in the estimates. We maintain liabilities for unpaid losses and loss adjustment expenses with respect to both reported and unreported claims. We establish these liabilities for the purpose of covering the ultimate costs of settling all losses, including investigation and litigation costs. We base the amount of our liability for reported losses primarily upon a case-by-case evaluation of the type of risk involved, knowledge of the circumstances surrounding each claim, and the insurance policy provisions relating to the type of loss our policyholder incurred. We determine the amount of our liability for unreported claims and loss adjustment expenses on the basis of historical information by line of insurance. We account for inflation in the reserving function through analysis of costs and trends and reviews of historical reserving results. We closely monitor our liabilities and update them periodically using new information on reported claims and a variety of statistical techniques. We do not discount our liabilities for unpaid losses and loss adjustment expense. Reserve estimates can change over time because of unexpected changes in assumptions related to our external environment and, to a lesser extent, assumptions as to our internal operations. Assumptions related to our external environment include the absence of significant changes in tort law and the legal environment which may impact liability exposure, the trends in judicial interpretations of insurance coverage and policy provisions, and the rate of loss cost inflation. Internal assumptions include consistency in the recording of premium and loss statistics, consistency in the recording of claims, payment and case reserving methodologies, accurate measurement of the impact of rate changes and changes in policy provisions, consistency in the quality and characteristics of business written within a given line of business, and consistency in reinsurance coverage and collectability of reinsured losses, among other items. To the extent we determine that underlying factors impacting our assumptions have changed, we attempt to make appropriate adjustments for such changes in our reserves. Accordingly, our ultimate liability for unpaid losses and loss adjustment expenses will likely differ from the amount recorded. Income Taxes: With the exception of Battle Creek, which files a stand-alone federal income tax return, we file a consolidated federal income tax return. For the year ended December 31, 2016, the consolidated federal income tax return included Nodak Mutual Insurance Company and its owned subsidiaries. For the year ended December 31, 2017, the consolidated federal income tax return will include NI Holdings, Inc. and its owned subsidiaries. The Company reports any tax related interest and penalties as part of income tax expense in the year such amounts are determinable. We account for deferred income taxes using the asset and liability method. The objective of the asset and liability method is to establish deferred income tax assets and liabilities for the temporary differences between the financial reporting basis and the income tax basis of our assets and liabilities at enacted tax rates expected to be in effect when we realize or settle such amounts. Credit Risk: Our objective is to earn competitive returns by investing in a diversified portfolio of securities. Our portfolio of fixed income securities and, to a lesser extent, short-term investments, is subject to credit risk. We define this risk as the potential loss in fair value resulting from adverse changes in the borrower’s ability to repay the debt. We manage this risk by performing an analysis of prospective investments and through regular reviews of our portfolio by our investment staff and advisors. We also limit the amount of our total investment portfolio that we invest in any one security. Property and liability insurance coverages are marketed through captive agents in North Dakota and through independent insurance agencies located throughout all operating areas. All business is billed directly to policyholders. We maintain cash balances primarily at one bank, which are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250. During the normal course of business, balances are maintained above the FDIC insurance limit. The Company maintains short-term investment balances in investment grade money market accounts that are insured by the Securities Investor Protection Corporation (“SIPC”) up to $500. On occasion, balances for these accounts are maintained in excess of the SIPC insurance limit. Reinsurance: The Company limits the maximum net loss that can arise from large risks or risks in concentrated areas of exposure by reinsuring (ceding) certain levels of risks to other insurers or reinsurers, either on an automatic basis under general reinsurance contracts knows as “treaties” or by negotiation on substantial individual risks. Ceded reinsurance is treated as the risk and liability of the assuming companies. Reinsurance contracts do not relieve the Company from its obligations to policyholders. In the event that all or any of the reinsuring companies might be unable to meet their obligations under existing reinsurance agreements, the Company would be liable for such defaulted amounts. Goodwill and Other Intangible Assets: Goodwill represents the excess of the purchase price over the underlying fair value of acquired entities. When completing acquisitions, we seek also to identify separately identifiable intangible assets that we have acquired. We assess goodwill and intangible assets with an indefinite useful life for impairment annually. We also assess goodwill and other intangible assets for impairment upon the occurrence of certain events. In making our assessment, we consider a number of factors including operating results, business plans, economic projections, anticipated future cash flows, and current market data. Inherent uncertainties exist with respect to these factors and to our judgment in applying them when we make our assessment. Impairment of goodwill and other intangible assets could result from changes in economic and operating conditions in future periods. We did not record any impairments of goodwill or other intangible assets during the nine months ended September 30, 2017, or the year ended December 31, 2016. Goodwill representing the excess of the purchase price over the fair value of the net assets acquired is reported separately in the consolidated balance sheet. The purchase price in excess of the fair value of net assets acquired was negotiated at arms-length with an unrelated party and was based upon the strategic decision by Company management to expand both the geographic footprint and product lines of the Company. The nature of the business acquired was such that there were limited intangible assets not reflected in the net assets acquired. The purchase price was paid with a combination of cash and cancellation of obligations owed to the acquired company by the sellers. The goodwill which arose from this transaction is included in the basis of the net assets acquired and is not deductible for income tax purposes.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Summary of Recent Accounting Pronouncements	4. Recent Accounting Pronouncements As an emerging growth company, we have elected to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act. The following discussion includes effective dates for both public business entities and emerging growth companies, as well as whether specific guidance may be adopted early. Adopted On July 1, 2017, the Company early adopted amended guidance from the Financial Accounting Standards Board (the “FASB”) on goodwill impairment testing. Under the amended guidance, the optional qualitative assessment (Step 0) and the first step of the quantitative assessment (Step 1) remain unchanged. Step 2 is eliminated. As a result, for annual impairment testing or in the event a test is required prior to the annual test, the Company will use Step 0 to determine if an impairment might exist and Step 1 to determine the amount of goodwill impairment. An impairment loss will be recognized for the amount by which the reporting unit’s carrying amount exceeds its fair value, not to exceed the carrying amount of goodwill in the reporting unit. This guidance is effective for annual and interim reporting periods beginning after December 15, 2019 for public business entities. For private companies and emerging growth companies, this guidance is also effective for annual and interim reporting periods beginning after December 15, 2019. Early adoption is permitted for all entities beginning in 2017. The Company has early adopted this guidance on a prospective basis as a change in accounting principle, therefore at the date of adoption there is no impact to the Company’s financial position or results of operations. Not Yet Adopted In May 2014, the FASB issued guidance that establishes the manner in which an entity recognizes the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. While the guidance will replace most existing GAAP revenue recognition guidance, the scope of the guidance excludes insurance contracts. The Company has reviewed its sources of revenues, and has determined that no material revenues are derived from non-insurance contracts and thus subject to the new revenue recognition guidance. This guidance is effective for annual and interim reporting periods beginning after December 15, 2017 for public business entities. For private companies and emerging growth companies, this guidance is effective for annual reporting periods beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted for all entities. We currently believe this guidance will have no impact on our financial position, results of operations, or cash flows. In January 2016, the FASB issued amended guidance that generally requires entities to measure equity securities at fair value and recognize changes in fair value in their results of operations. The amended guidance also simplifies the impairment assessment of equity securities without readily determinable fair values by requiring entities to perform a qualitative assessment to identify impairment. The FASB issued other disclosure and presentation improvements related to financial instruments within the guidance. The amended guidance is effective for annual and interim reporting periods beginning after December 15, 2017 for public business entities. For private companies and emerging growth companies, this guidance is effective for annual reporting periods beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. We are evaluating the requirements of this amended measurement and classification of financial instruments guidance and the potential impact on our financial position, results of operations, and cash flows. In February 2016, the FASB issued new guidance that requires lessees to recognize leases, including operating leases, on the lessee’s balance sheet, unless a lease is considered a short-term lease. The new guidance also requires entities to make new judgments to identify leases. The new guidance, which replaces the current lease guidance, is effective for annual and interim reporting periods beginning after December 15, 2018 for public business entities. For private companies and emerging growth companies, this guidance is effective for annual reporting periods beginning after December 15, 2019 and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted for all entities. We do not expect the adoption of this new guidance to have a significant impact on our financial position, results of operations, or cash flows. In June 2016, the FASB issued a new standard that will require timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The guidance will require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better form their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. Additionally, the guidance requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. Finally, the guidance amends the accounting for credit losses on available-for-sale fixed income securities and purchased financial assets with credit deterioration. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 for public business entities which are SEC filers. For private companies and emerging growth companies, this guidance is effective for annual reporting periods beginning after December 15, 2020 and interim periods within fiscal years beginning after December 15, 2021. Early adoption is permitted for all entities as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We are evaluating the impact this new guidance will have on our financial position, results of operations, and cash flows. In August and November 2016, the FASB issued amended guidance on the presentation and classification of various items in the statement of cash flows. The amendments address specific cash flow issues, including debt prepayments and contingent consideration payments made after a business combination. The amended guidance also requires the statement of cash flows to explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Currently, the statement of cash flows only explains the change in cash and cash equivalents. The amended guidance is effective for annual and interim reporting periods beginning after December 15, 2017 for public business entities. For private companies and emerging growth companies, this guidance is effective for annual reporting periods beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted for all entities, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments are to be applied using a retrospective transition method to each period presented. The adoption of this amended guidance will not have an impact on our financial position or results of operations. We are evaluating the impact this amended guidance will have on our statement of cash flows. In March 2017, the FASB issued amended guidance to shorten the amortization period of premiums on certain purchased callable fixed income securities to the earliest call date. The amended guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. For private companies and emerging growth companies, this amended guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. We are evaluating the requirements of this guidance and the potential impact to our financial position, results of operations, and cash flows.

Investments

Investments	9 Months Ended
	Sep. 30, 2017
Marketable Securities [Abstract]
Investments	5. Investments The following tables show the cost or amortized cost, gross unrealized gains and losses, and fair value of the Company’s fixed income and equity securities: September 30, 2017 Cost or Amortized Gross Unrealized Gross Unrealized Fair Value Fixed income securities: U.S. Government and agencies $ 6,796 $ 223 $ (35 ) $ 6,984 Obligations of states and political subdivisions 82,429 1,901 (109 ) 84,221 Corporate securities 90,089 1,051 (57 ) 91,083 Residential mortgage-backed securities 31,707 209 (143 ) 31,773 Commercial mortgage-backed securities 7,483 100 (12 ) 7,571 Asset-backed securities 15,748 30 (21 ) 15,757 Total fixed income securities 234,252 3,514 (377 ) 237,389 Equity securities: Basic materials 1,085 93 (18 ) 1,160 Communications 3,151 1,089 (131 ) 4,109 Consumer, cyclical 4,643 3,321 (94 ) 7,870 Consumer, non-cyclical 6,350 3,546 (130 ) 9,766 Energy 1,809 91 (190 ) 1,710 Financial 1,592 184 — 1,776 Industrial 5,311 3,471 (74 ) 8,708 Technology 4,868 4,105 (235 ) 8,738 Total equity securities 28,809 15,900 (872 ) 43,837 Total investments $ 263,061 $ 19,414 $ (1,249 ) $ 281,226 December 31, 2016 Cost or Amortized Gross Unrealized Gross Unrealized Fair Value Fixed income securities: U.S. Government and agencies $ 5,834 $ 260 $ (44 ) $ 6,050 Obligations of states and political subdivisions 68,915 882 (401 ) 69,396 Corporate securities 50,610 1,028 (468 ) 51,170 Residential mortgage-backed securities 22,750 102 (215 ) 22,637 Commercial mortgage-backed securities 8,033 104 (41 ) 8,096 Asset-backed securities 4,118 17 (14 ) 4,121 Total fixed income securities 160,260 2,393 (1,183 ) 161,470 Equity securities: Basic materials 90 13 (1 ) 102 Communications 1,307 1,601 (81 ) 2,827 Consumer, cyclical 1,665 3,646 (50 ) 5,261 Consumer, non-cyclical 2,015 2,411 (208 ) 4,218 Energy 1,053 234 — 1,287 Financial 314 277 — 591 Industrial 2,251 2,766 — 5,017 Technology 2,816 3,855 (57 ) 6,614 Total equity securities 11,511 14,803 (397 ) 25,917 Total investments $ 171,771 $ 17,196 $ (1,580 ) $ 187,387 The amortized cost and estimated fair value of fixed income securities by contractual maturity are shown below. Actual maturities could differ from contractual maturities because issuers of the securities may have the right to call or prepay certain obligations, which may or may not include call or prepayment penalties. September 30, 2017 Amortized Cost Fair Value Due to mature: One year or less $ 15,884 $ 15,957 After one year through five years 84,260 85,799 After five years through ten years 68,934 70,189 After ten years 10,236 10,343 Mortgage / asset-backed securities 54,938 55,101 Total fixed income securities $ 234,252 $ 237,389 December 31, 2016 Amortized Cost Fair Value Due to mature: One year or less $ 10,935 $ 11,069 After one year through five years 45,904 46,891 After five years through ten years 55,430 55,619 After ten years 13,090 13,037 Mortgage / asset-backed securities 34,901 34,854 Total fixed income securities $ 160,260 $ 161,470 Fixed income securities with a market value of $3,535 at September 30, 2017 and $3,530 at December 31, 2016 were deposited with various state regulatory agencies as required by law. The Company has not pledged any assets to secure any obligations. The investment category and duration of the Company’s gross unrealized losses on fixed income securities and equity securities were as follows: September 30, 2017 Less than 12 Months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed income securities: U.S. Government and agencies $ 2,491 $ (35 ) $ — $ — $ 2,491 $ (35 ) Obligations of states and political subdivisions 9,907 (35 ) 4,188 (74 ) 14,095 (109 ) Corporate securities 17,757 (42 ) 1,048 (15 ) 18,805 (57 ) Residential mortgage-backed securities 12,193 (107 ) 1,194 (36 ) 13,387 (143 ) Commercial mortgage-backed securities 1,422 (12 ) — — 1,422 (12 ) Asset-backed securities 8,729 (13 ) 657 (8 ) 9,386 (21 ) Total fixed income securities 52,499 (244 ) 7,087 (133 ) 59,586 (377 ) Equity securities: Basic materials 376 (18 ) — — 376 (18 ) Communications 728 (43 ) 126 (88 ) 854 (131 ) Consumer, cyclical 293 (21 ) 146 (73 ) 439 (94 ) Consumer, non-cyclical 2,021 (124 ) 318 (6 ) 2,339 (130 ) Energy 892 (190 ) — — 892 (190 ) Industrial 708 (74 ) — — 708 (74 ) Technology 1,212 (143 ) 149 (92 ) 1,361 (235 ) Total equity securities 6,230 (613 ) 739 (259 ) 6,969 (872 ) Total investments $ 58,729 $ (857 ) $ 7,826 $ (310 ) $ 66,555 $ (1,249 ) December 31, 2016 Less than 12 Months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed income securities: U.S. Government and agencies $ 2,750 $ (44 ) $ — $ — $ 2,750 $ (44 ) Obligations of states and political subdivisions 16,559 (396 ) 245 (5 ) 16,804 (401 ) Corporate securities 13,479 (175 ) 2,006 (293 ) 15,485 (468 ) Residential mortgage-backed securities 15,692 (215 ) — — 15,692 (215 ) Commercial mortgage-backed securities 2,513 (41 ) — — 2,513 (41 ) Asset-backed securities 2,291 (14 ) — — 2,291 (14 ) Total fixed income securities 53,284 (885 ) 2,251 (298 ) 55,535 (1,183 ) Equity securities: Basic materials 32 (1 ) — — 32 (1 ) Communications 167 (81 ) — — 167 (81 ) Consumer, cyclical 63 (5 ) 174 (45 ) 237 (50 ) Consumer, non-cyclical 239 (208 ) — — 239 (208 ) Technology 543 (57 ) — — 543 (57 ) Total equity securities 1,044 (352 ) 174 (45 ) 1,218 (397 ) Total investments $ 54,328 $ (1,237 ) $ 2,425 $ (343 ) $ 56,753 $ (1,580 ) We frequently review our investment portfolio for declines in fair value which are other than temporary. Our process for identifying declines in the fair value of investments that are other than temporary involves consideration of several factors. These factors include (i) the time period in which there has been a significant decline in value, (ii) an analysis of the liquidity, business prospects and overall financial condition of the issuer, (iii) the significance of the decline, and (iv) our intent and ability to hold the investment for a sufficient period of time for the value to recover. When our analysis of the above factors results in the conclusion that declines in fair values are other than temporary, the cost of the securities is written down to fair value and the previously unrealized loss is therefore reflected as a realized capital loss on investment. The Company recorded impairments of $124 in the three months ended September 30, 2017 and impairments of $330 in the nine months ended September 30, 2017. The Company did not record any impairments in the three months or nine months ended September 30, 2016. As of September 30, 2017, we held 135 fixed income securities with unrealized losses. As of December 31, 2016, we held 129 fixed income securities with unrealized losses. In conjunction with our outside investment advisors, we analyzed the credit ratings of the securities as well as the historical monthly amortized cost to fair value ratio of securities in an unrealized loss position. This analysis yielded no fixed income securities which had fair values less than 80% of amortized cost for the preceding 12-month period. Net investment income consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Fixed income securities $ 1,703 $ 1,274 $ 4,664 $ 3,677 Equity securities 79 90 242 297 Real estate 234 319 695 661 Cash and cash equivalents 6 — — — Total gross investment income 2,022 1,683 5,601 4,635 Investment expenses 473 712 1,462 1,349 Net investment income $ 1,549 $ 971 $ 4,139 $ 3,286 Net realized capital gain on investments consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Gross realized gains $ 2,104 $ 5,073 $ 3,284 $ 5,587 Gross realized losses, excluding other than (95 ) (77 ) (114 ) (372 ) Other than temporary impairment losses (124 ) — (330 ) — Net realized capital gain on investments $ 1,885 $ 4,996 $ 2,840 $ 5,215

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
Investments, All Other Investments [Abstract]
Fair Value Measurements	6. Fair Value Measurements We maximize the use of observable inputs in our valuation techniques and apply unobservable inputs only to the extent that observable inputs are unavailable. The largest class of assets and liabilities carried at fair value by the Company at September 30, 2017 and December 31, 2016 were fixed income securities. Prices provided by independent pricing services and independent broker quotes can vary widely, even for the same security. Our available-for-sale investments are comprised of a variety of different securities, which are classified into levels based on the valuation technique and inputs used in their valuation. The valuation of cash equivalents and equity securities are generally based on Level I inputs, which use the market approach valuation technique. The valuation of fixed income securities generally incorporates significant Level II inputs using the market and income approach techniques. We may assign a lower level to inputs typically considered to be Level II based on our assessment of liquidity and relative level of uncertainty surrounding inputs. There were no assets or liabilities classified as Level III at September 30, 2017 or December 31, 2016. The following tables set forth our assets which are measured on a recurring basis by the level within the fair value hierarchy in which fair value measurements fall: September 30, 2017 Total Level I Level II Level II Fixed income securities: U.S. Government and agencies $ 6,984 $ — $ 6,984 $ — Obligations of states and political subdivisions 84,221 — 84,221 — Corporate securities 91,083 — 91,083 — Residential mortgage-backed securities 31,773 — 31,773 — Commercial mortgage-backed securities 7,571 — 7,571 — Asset-backed securities 15,757 — 15,757 — Total fixed income securities 237,389 — 237,389 — Equity securities: Basic materials 1,160 1,160 — — Communications 4,109 4,109 — — Consumer, cyclical 7,870 7,870 — — Consumer, non-cyclical 9,766 9,766 — — Energy 1,710 1,710 — — Financial 1,776 1,776 — — Industrial 8,708 8,708 — — Technology 8,738 8,738 — — Total equity securities 43,837 43,837 — — Cash and cash equivalents 2,984 2,984 — — Total assets at fair value $ 284,210 $ 46,821 $ 237,389 $ — December 31, 2016 Total Level I Level II Level III Fixed income securities: U.S. Government and agencies $ 6,050 $ — $ 6,050 $ — Obligations of states and political subdivisions 69,396 — 69,396 — Corporate securities 51,170 — 51,170 — Residential mortgage-backed securities 22,637 — 22,637 — Commercial mortgage-backed securities 8,096 — 8,096 — Asset-backed securities 4,121 — 4,121 — Total fixed income securities 161,470 — 161,470 — Equity securities: Basic materials 102 102 — — Communications 2,827 2,827 — — Consumer, cyclical 5,261 5,261 — — Consumer, non-cyclical 4,218 4,218 — — Energy 1,287 1,287 — — Financial 591 591 — — Industrial 5,017 5,017 — — Technology 6,614 6,614 — — Total equity securities 25,917 25,917 — — Cash and cash equivalents 18,318 18,318 — — Total assets at fair value $ 205,705 $ 44,235 $ 161,470 $ — There were no liabilities measured at fair value on a recurring basis at September 30, 2017 or December 31, 2016.

Reinsurance

Reinsurance	9 Months Ended
	Sep. 30, 2017
Reinsurance Disclosures [Abstract]
Reinsurance	7. Reinsurance The Company will assume and cede certain premiums and losses to and from various companies and associations under various reinsurance agreements. The Company seeks to limit the maximum net loss that can arise from large risks or risks in concentrated areas of exposure through use of these agreements, either on an automatic basis under general reinsurance contracts known as treaties or by negotiation on substantial individual risks. Reinsurance contracts do not relieve the Company from its obligation to policyholders. Additionally, failure of reinsurers to honor their obligations could result in significant losses to us. There can be no assurance that reinsurance will continue to be available to us at the same extent, and at the same cost, as it has in the past. The Company may choose in the future to reevaluate the use of reinsurance to increase or decrease the amounts of risk ceded to reinsurers. As a group at December 31, 2016, the Company retained $5,000 of losses from catastrophic events and had reinsurance under various reinsurance agreements up to $74,600 in excess of its $5,000 retained risk. Effective January 1, 2017, the catastrophic retention amount was increased to $10,000, and the Company maintained the coverage up to $74,600 in excess of its $10,000 retained risk. The Company actively monitors and evaluates the financial condition of the reinsurers and develops estimates of the uncollectible amounts due from reinsurers. Such estimates are made based on periodic evaluation of balances due from reinsurers, judgments regarding reinsurers’ solvency, known disputes, reporting characteristics of the underlying reinsured business, historical experience, current economic conditions, and the state of reinsurer relations in general. Collection risk is mitigated from reinsurers by entering into reinsurance arrangements only with reinsurers that have strong credit ratings and statutory surplus above certain levels. The Company’s largest reinsurance recoverables on paid and unpaid losses were due from reinsurance companies with A.M. Best ratings of A or higher. A reconciliation of direct to net premiums on both a written and an earned basis is as follows: Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Premiums Written Premiums Earned Premiums Written Premiums Earned Direct premium $ 39,005 $ 57,979 $ 159,056 $ 140,659 Assumed premium 1,112 1,190 5,703 5,729 Ceded premium (3,970 ) (6,644 ) (15,401 ) (15,401 ) Net premiums $ 36,147 $ 52,525 $ 149,358 $ 130,987 Percentage of assumed earned premium to 2.3% 4.4% Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 Premiums Written Premiums Earned Premiums Written Premiums Earned Direct premium $ 39,238 $ 59,216 $ 150,807 $ 130,186 Assumed premium 1,236 1,280 8,666 8,693 Ceded premium 2,098 (7,857 ) (28,779 ) (18,989 ) Net premiums $ 42,572 $ 52,639 $ 130,694 $ 119,890 Percentage of assumed earned premium to 2.4% 7.3% A reconciliation of direct to net losses and loss adjustment expenses is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Direct losses and loss adjustment expenses $ 48,295 $ 72,636 $ 104,030 $ 123,984 Assumed losses and loss adjustment expenses 2,699 1,651 5,312 5,472 Ceded losses and loss adjustment expenses (1,395 ) (23,612 ) (5,792 ) (36,196 ) Net losses and loss adjustment expenses $ 49,599 $ 50,675 $ 103,550 $ 93,260 If 100% of our ceded reinsurance was cancelled as of September 30, 2017 or December 31, 2016, no ceded commissions would need to be returned to the reinsurers.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	9 Months Ended
	Sep. 30, 2017
Deferred Policy Acquisition Costs Disclosures [Abstract]
Deferred Policy Acquisition Costs	8. Deferred Policy Acquisition Costs Activity with regards to our deferred policy acquisition costs was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Balance, beginning of period $ 14,126 $ 10,577 $ 8,942 $ 8,444 Deferral of policy acquisition costs 7,419 5,785 23,913 18,152 Amortization of deferred policy acquisition costs (9,792 ) (6,644 ) (21,102 ) (16,878 ) Balance, end of period $ 11,753 $ 9,718 $ 11,753 $ 9,718

Unpaid Losses and Loss Adjustme

Unpaid Losses and Loss Adjustment Expenses	9 Months Ended
	Sep. 30, 2017
Liability for Unpaid Claims and Claims Adjustment Expense, Activity in Liability [Abstract]
Unpaid Losses and Loss Adjustment Expenses	9. Unpaid Losses and Loss Adjustment Expenses Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows: Nine Months Ended September 30, 2017 Year Ended December 31, 2016 Balance at beginning of year: Liability for unpaid losses and loss adjustment expense $ 59,632 $ 45,342 Reinsurance ceded 7,192 5,109 Net balance at beginning of year 52,440 40,233 Incurred related to: Current year 110,199 123,264 Prior years (6,649 ) (4,756 ) Total incurred 103,550 118,508 Paid related to: Current year 53,241 90,772 Prior years 26,002 15,529 Total paid 79,243 106,301 Balance at end of period: Liability for unpaid losses and loss adjustment expense 85,427 59,632 Reinsurance ceded 8,680 7,192 Net balance at end of period $ 76,747 $ 52,440 The prior years’ provision for unpaid losses and loss adjustment expenses decreased by $6,649 during the nine months ended September 30, 2017, and decreased by $4,756 during the year ended December 31, 2016. The decrease is generally the result of ongoing analysis of loss development trends. As additional information becomes known regarding individual claims, original estimates are increased or decreased accordingly.

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment	10. Property and Equipment Property and equipment consisted of the following: September 30, 2017 December 31, 2016 Estimated Useful Life Cost: Real estate $ 10,335 $ 9,578 10 - 31 years Electronic data processing equipment 1,606 1,637 5-7 years Furniture and fixtures 3,762 3,762 5-7 years Automobiles 1,548 1,488 2-3 years Total cost 17,291 16,465 Accumulated depreciation (11,794 ) (11,646 ) Total property and equipment, net $ 5,497 $ 4,819 Depreciation expense was $127 and $153 for the three months ended September 30, 2017 and 2016, respectively, and $376 and $373 for the nine months ended September 30, 2017 and 2016, respectively.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	11. Earnings Per Share As described in Note 1, the conversion of the mutual company to a stock company resulted in the issuance of NI Holdings common shares on March 13, 2017. Earnings per share are computed by dividing net income available to common shareholders for the period by the weighted average number of common shares outstanding for the same period. The weighted average number of common shares outstanding was 22,313,329 for the three months ended September 30, 2017, and 22,577,233 for the nine months ended September 30, 2017. For the period prior to the date of the conversion, we assumed that the net common shares issued in the initial public offering of 22,760,000 shares were outstanding since January 1, 2017. There were no potentially dilutive common shares or other instruments outstanding during this period. Unearned ESOP shares are not considered outstanding until they are released and allocated to plan participants. On May 23, 2017, our Board of Directors approved an authorization for the repurchase of up to $8 million of the Company’s outstanding common stock. We completed the repurchase of 446,671 shares of our common stock for $8,037 during the three months ended June 30, 2017, and reflected the cost of this treasury stock as a reduction of equity within our consolidated balance sheet as of September 30, 2017.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions	12. Related Party Transactions We were organized by the North Dakota Farm Bureau (“NDFB”) to provide insurance protection for its members. We have a royalty agreement with the NDFB which recognizes the use of their trademark and provides royalties to the NDFB based on the premiums written on Nodak Insurance’s insurance policies. Royalties paid to the NDFB were $351 and $346 during the three months ended September 30, 2017 and 2016, respectively, and $1,002 and $973 during the nine months ended September 30, 2017 and 2016, respectively. Royalties of $88 and $96 were accrued as liabilities to the NDFB at September 30, 2017 and December 31, 2016, respectively. The following table illustrates the impact of including Battle Creek in our consolidated balance sheets prior to intercompany eliminations: September 30, 2017 December 31, 2016 Cash and cash equivalents (overdraft) $ (2,183 ) $ 124 Investments 4,414 4,290 Premiums and agents’ balances receivable 3,949 2,841 Reinsurance premiums receivable (eliminated in consolidation) 2,385 — Reinsurance recoverables on losses (eliminated in consolidation) 24,004 19,299 Accrued investment income 31 31 Deferred income tax asset, net 888 915 Property and equipment 371 331 Other assets 95 55 Total assets $ 33,954 $ 27,886 Unpaid losses and loss adjustment expenses $ 10,889 $ 8,917 Unearned premiums 13,115 10,382 Notes payable (eliminated in consolidation) 3,000 3,000 Reinsurance payable 2,131 992 Accrued expenses and other liabilities 1,161 1,073 Total liabilities 30,296 24,364 Non-controlling interest 3,658 3,522 Total equity 3,658 3,522 Total liabilities and equity $ 33,954 $ 27,886 Total revenues and expenses of Battle Creek after intercompany eliminations, which is limited to net investment income and certain miscellaneous other income and expenses, were $19 and $0 during the three months ended September 30, 2017, and $34 and $0 during the three months ended September 30, 2016. Total revenues and expenses of Battle Creek after intercompany eliminations, which is limited to net investment income and certain miscellaneous other income and expenses, were $88 and $0 during the nine months ended September 30, 2017, and $103 and $0 during the nine months ended September 30, 2016.

Benefit Plans

Benefit Plans	9 Months Ended
	Sep. 30, 2017
Compensation Related Costs [Abstract]
Benefit Plans	13. Benefit Plans The Company sponsors a money purchase plan that covers all eligible employees. Plan costs are funded annually as they are earned. The Company’s contribution accrual for the money purchase plan was $366 and $1,179 as of September 30, 2017 and 2016, respectively. The Company also sponsors a 401(k) plan with an automatic contribution to all eligible employees and a matching contribution for eligible employees of 50% up to 3% of eligible compensation. The Company’s contribution accrual to the 401(k) plan was $461 and $708 as of September 30, 2017 and 2016, respectively. All fees associated with both plans are deducted from the eligible employee accounts. Effective April 28, 2016, the Board of Directors authorized a non-qualified deferred compensation plan covering key executives of the Company as designated by the Company’s Board of Directors. The Company’s policy is to fund the plan in a given calendar year by amounts that exceed the maximum contribution allowed by the Employee Retirement Income Security Act (“ERISA”), beginning in 2017. Funds deposited were $8 during the three months ended September 30, 2017 and $128 during the nine months ended September 30, 2017.

Line of Credit

Line of Credit	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Line of Credit	14. Line of Credit Nodak Insurance has a $3,000 line of credit with Wells Fargo Bank, N.A., of which there were no outstanding amounts as of September 30, 2017 or December 31, 2016. This line of credit was set to expire on October 31, 2017, but was renewed and will now expire on October 31, 2018.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	15. Income Taxes At September 30, 2017 and December 31, 2016, we had no unrecognized tax benefits, no accrued interest and penalties, and no significant uncertain tax positions. No interest and penalties were recognized during the three or nine months ended September 30, 2017 or 2016. At September 30, 2017 and December 31, 2016, the Company, other than Battle Creek, had no income tax related carryovers for net operating losses, alternative minimum tax credits, or capital losses. Battle Creek, which files its income tax returns on a stand-alone basis, had $5,171 of net operating loss carryover at December 31, 2016. The net operating loss carry-forward expires beginning in 2021 through 2030. In 2016, a $247 capital loss carryover expired and none of the capital loss carryover was utilized against realized capital gains.

Operating Leases

Operating Leases	9 Months Ended
	Sep. 30, 2017
Leases, Operating [Abstract]
Operating Leases	16. Operating Leases We lease facilities, equipment, and software under non-cancellable operating leases expiring at various times through November 2017. Expenses related to these leases were $0 and $23 for the three months ended September 30, 2017 and 2016, respectively, and $20 and $68 for the nine months ended September 30, 2017 and 2016, respectively. As of September 30, 2017, we have no minimum future commitments under non-cancellable leases. We also sub-lease portions of our home office building under non-cancellable operating leases.

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingencies	17. Contingencies We have been named as a defendant in various lawsuits relating to our insurance operations. Contingent liabilities arising from litigation, income taxes and other matters are not considered to be material to our financial position. The Company does not have any unrecorded or potential contingent liabilities or material commitments requiring the use of assets as of September 30, 2017 or December 31, 2016.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Information	18. Segment Information We have three primary insurance product lines, which consist of multi-peril crop and hail, non-standard auto, and other property and casualty coverages. We do not allocate assets, underwriting expenses or fee and other income to the individual product lines and generally review the products in the aggregate for purposes of managerial decision making. We operate only in the United States, and no single customer or agent provides 10 percent or more of our revenues. The table below outlines revenue by insurance product line. Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Revenues: Net premiums earned Multi-peril crop and hail $ 17,756 $ 21,321 $ 31,670 $ 28,541 Non-standard auto 2,663 2,719 7,784 8,028 Other property and casualty coverage 32,106 28,599 91,533 83,321 Net premiums earned 52,525 52,639 130,987 119,890 Fee and other income 752 680 1,420 1,492 Net investment income 1,549 971 4,139 3,286 Net realized capital gain on investments 1,885 4,996 2,840 5,215 Total revenues $ 56,711 $ 59,286 $ 139,386 $ 129,883

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	19. Subsequent Events We have evaluated subsequent events through November 10, 2017, the date these consolidated financial statements were available for issuance.

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates: In preparing our consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet and revenues and expenses for the periods then ended. Actual results could differ significantly from those estimates. We make estimates and assumptions that can have a significant effect on amounts and disclosures we report in our consolidated financial statements. The most significant estimates relate to our reserves for unpaid losses and loss adjustment expenses, valuation of investments, determination of other-than-temporary impairments, valuation allowances for deferred income tax assets, and deferred policy acquisition costs. While we believe our estimates are appropriate, the ultimate amounts may differ from the estimates provided. We regularly review our methods for making these estimates as well as the continuing appropriateness of the estimated amounts, and we reflect any adjustment we consider necessary in our current results of operations.
Variable-Interest Entities	Variable-Interest Entities: Any company deemed to be a variable interest entity (“VIE”) is required to be consolidated by the primary beneficiary of the VIE. We assess our investments in other entities at inception to determine if any meet the qualifications of a VIE. We consider an investment in another company to be a VIE if (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support, (b) the characteristics of a controlling financial interest are missing (either the ability to make decisions through voting or other rights, the obligation to absorb expected losses of the entity or the right to receive the expected residual returns of the entity), or (c) the voting rights of the equity holders are not proportional to their obligations to absorb the expected losses of the entity and/or the rights to receive the expected residual returns of the entity, and substantially all of the entity’s activities either involve or are conducted on behalf of an investor that has disproportionately few voting rights. Upon the occurrence of certain events, we would reassess our initial determination of whether the investment is a VIE. We evaluate whether we are the primary beneficiary of each VIE and we consolidate the VIE if we have both (1) the power to direct the economically significant activities of the entity and (2) the obligation to absorb losses of, or the right to receive benefits from, the entity. We consider the contractual agreements that define the ownership structure, distribution of profits and losses, risks, responsibilities, indebtedness, voting rights, and board representation of the respective parties in determining whether we qualify as the primary beneficiary. Our assessment of whether we are the primary beneficiary of a VIE is performed at least annually. We control Battle Creek via a 100% quota share reinsurance agreement between Nodak Insurance and Battle Creek, as well as the ability to control a majority of the Board of Directors of Battle Creek. Through the effects of the 100% quota share agreement with Battle Creek, we are considered the primary beneficiary of Battle Creek’s operating results excluding investment income, bad debt expense, and income taxes. Therefore, we consolidate the financial statements of Battle Creek, and Battle Creek’s policyholders’ interest in Battle Creek is reflected as a non-controlling interest in equity in our consolidated balance sheet.
Cash and Cash Equivalents	Cash and Cash Equivalents: Cash and cash equivalents include certain investments in highly liquid debt instruments with original maturities of three months or less. Cost approximates fair value for these short-term investments.
Investments	Investments: We have categorized our investment portfolio as “available-for-sale” and have reported the portfolio at fair value, with unrealized gains and losses, net of income taxes, reported in accumulated other comprehensive income. Fair values are based on quoted market prices or dealer quotes, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Amortization of premium and accretion of discount are computed using an effective interest method. Realized gains and losses are determined using the specific identification method and included in the determination of net income. Net investment income includes interest and dividend income together with amortization of purchase premiums and discounts, and is net of investment management and custody fees. We review our investments each quarter to determine whether a decline in fair value below the amortized cost basis is other than temporary. Accordingly, we assess whether we intend to sell or it is more likely than not that we will be required to sell a security before recovery of its amortized cost basis. For fixed income securities that are considered other-than-temporarily impaired and that we do not intend to sell and will not be required to sell prior to recovery of the amortized cost basis, we separate the amount of the impairment into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings and is the difference between the security’s amortized cost basis and the present value of its expected future cash flows discounted at the security’s effective yield. The remaining difference between the security’s fair value and the present value of future expected cash flows is due to factors that are not credit related and, therefore, is not required to be recognized as losses in the consolidated statement of operations, but is recognized in other comprehensive income. We classify each fair value measurement at the appropriate level in the fair value hierarchy. The hierarchy gives the highest priority to unadjusted quoted market price in active markets for identical assets or liabilities (Level I measurements) and the lowest priority to unobservable inputs (Level III measurements). An asset’s or liability’s classification within the fair value hierarchy is based on the lowest level of significant input to its valuation. Level I – Quoted price in active markets for identical assets and liabilities. Level II – Quoted prices in markets that are not active or inputs that are observable either directly or indirectly. Level II inputs include quoted prices for similar assets or liabilities other than quoted in prices in Level I, quoted prices in markets that are not active, or other inputs that are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities. Level III – Unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. Unobservable inputs reflect the reporting entity’s own assumptions that market participants would use in pricing the asset or liability. Level III assets and liabilities include financial instruments whose values are determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.
Fair Value of Other Financial Instruments	Fair Value of Other Financial Instruments: Our other financial instruments, aside from investments, are cash and cash equivalents, premiums and agents’ balances receivable, and accrued expenses and accounts payable. The carrying amounts for cash and cash equivalents, premiums and agents’ balances receivable, and accrued expenses and accounts payable approximate their fair value based on their short-term nature. Other invested assets that do not have observable inputs and little or no market activity are carried on a cost basis. The carrying value of these other invested assets was $1,972 at September 30, 2017 and December 31, 2016.
Reclassifications	Reclassifications: Certain amounts in the 2016 consolidated financial statements have been reclassified to conform to the 2017 presentation.
Revenue Recognition	Revenue Recognition: We record premiums written at policy inception and recognize them as revenue on a pro rata basis over the policy term or, in the case of crop insurance, over the period of risk. The portion of premiums that could be earned in the future is deferred and reported as unearned premiums. When policies lapse, the Company reverses the unearned portion of the written premium and removes the applicable unearned premium. Policy-related fee income is recognized when collected. The Company uses the direct write-off method for recognizing bad debts. Accounts are deemed to be delinquent after 60 days except for those accounts associated with amounts due from insureds for premiums, in which case policy cancellation procedures are commenced in accordance with state insurance regulations. Any earned but uncollected premiums are written off immediately upon the effective date of policy cancellation.
Policy Acquisition Costs	Policy Acquisition Costs: We defer our policy acquisition costs, consisting primarily of commissions, premium taxes and certain other underwriting costs, reduced by ceding commissions, which vary with and relate directly to the production of business. We amortize these deferred policy acquisition costs over the period in which we earn the premiums. The method we follow in computing deferred policy acquisition costs limits the amount of such deferred costs to their estimated realizable value, which gives effect to the premium to be earned, related investment income, losses and loss adjustment expenses, and certain other costs we expect to incur as we earn the premium.
Property and Equipment	Property and Equipment: We report property and equipment at cost less accumulated depreciation. Depreciation is computed using the straight-line method based upon the estimated useful lives of the assets.
Losses and Loss Adjustment Expenses	Losses and Loss Adjustment Expenses: Liabilities for unpaid losses and loss adjustment expenses are estimates at a given point in time of the amounts we expect to pay with respect to policyholder claims based on facts and circumstances then known. At the time of establishing our estimates, we recognize that our ultimate liability for losses and loss adjustment expenses will exceed or be less than such estimates. We base our estimates of liabilities for unpaid losses and loss adjustment expenses on assumptions as to future loss trends, expected claims severity, judicial theories of liability, and other factors. During the loss adjustment period, we may learn additional facts regarding certain claims, and, consequently, it often becomes necessary for us to refine and adjust our estimates of the liability. We reflect any adjustments to our liabilities for unpaid losses and loss adjustment expenses in our operating results in the period in which we determine the need for a change in the estimates. We maintain liabilities for unpaid losses and loss adjustment expenses with respect to both reported and unreported claims. We establish these liabilities for the purpose of covering the ultimate costs of settling all losses, including investigation and litigation costs. We base the amount of our liability for reported losses primarily upon a case-by-case evaluation of the type of risk involved, knowledge of the circumstances surrounding each claim, and the insurance policy provisions relating to the type of loss our policyholder incurred. We determine the amount of our liability for unreported claims and loss adjustment expenses on the basis of historical information by line of insurance. We account for inflation in the reserving function through analysis of costs and trends and reviews of historical reserving results. We closely monitor our liabilities and update them periodically using new information on reported claims and a variety of statistical techniques. We do not discount our liabilities for unpaid losses and loss adjustment expense. Reserve estimates can change over time because of unexpected changes in assumptions related to our external environment and, to a lesser extent, assumptions as to our internal operations. Assumptions related to our external environment include the absence of significant changes in tort law and the legal environment which may impact liability exposure, the trends in judicial interpretations of insurance coverage and policy provisions, and the rate of loss cost inflation. Internal assumptions include consistency in the recording of premium and loss statistics, consistency in the recording of claims, payment and case reserving methodologies, accurate measurement of the impact of rate changes and changes in policy provisions, consistency in the quality and characteristics of business written within a given line of business, and consistency in reinsurance coverage and collectability of reinsured losses, among other items. To the extent we determine that underlying factors impacting our assumptions have changed, we attempt to make appropriate adjustments for such changes in our reserves. Accordingly, our ultimate liability for unpaid losses and loss adjustment expenses will likely differ from the amount recorded.
Income Taxes	Income Taxes: With the exception of Battle Creek, which files a stand-alone federal income tax return, we file a consolidated federal income tax return. For the year ended December 31, 2016, the consolidated federal income tax return included Nodak Mutual Insurance Company and its owned subsidiaries. For the year ended December 31, 2017, the consolidated federal income tax return will include NI Holdings, Inc. and its owned subsidiaries. The Company reports any tax related interest and penalties as part of income tax expense in the year such amounts are determinable. We account for deferred income taxes using the asset and liability method. The objective of the asset and liability method is to establish deferred income tax assets and liabilities for the temporary differences between the financial reporting basis and the income tax basis of our assets and liabilities at enacted tax rates expected to be in effect when we realize or settle such amounts.
Credit Risk	Credit Risk: Our objective is to earn competitive returns by investing in a diversified portfolio of securities. Our portfolio of fixed income securities and, to a lesser extent, short-term investments, is subject to credit risk. We define this risk as the potential loss in fair value resulting from adverse changes in the borrower’s ability to repay the debt. We manage this risk by performing an analysis of prospective investments and through regular reviews of our portfolio by our investment staff and advisors. We also limit the amount of our total investment portfolio that we invest in any one security. Property and liability insurance coverages are marketed through captive agents in North Dakota and through independent insurance agencies located throughout all operating areas. All business is billed directly to policyholders. We maintain cash balances primarily at one bank, which are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250. During the normal course of business, balances are maintained above the FDIC insurance limit. The Company maintains short-term investment balances in investment grade money market accounts that are insured by the Securities Investor Protection Corporation (“SIPC”) up to $500. On occasion, balances for these accounts are maintained in excess of the SIPC insurance limit.
Reinsurance	Reinsurance: The Company limits the maximum net loss that can arise from large risks or risks in concentrated areas of exposure by reinsuring (ceding) certain levels of risks to other insurers or reinsurers, either on an automatic basis under general reinsurance contracts knows as “treaties” or by negotiation on substantial individual risks. Ceded reinsurance is treated as the risk and liability of the assuming companies. Reinsurance contracts do not relieve the Company from its obligations to policyholders. In the event that all or any of the reinsuring companies might be unable to meet their obligations under existing reinsurance agreements, the Company would be liable for such defaulted amounts.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets: Goodwill represents the excess of the purchase price over the underlying fair value of acquired entities. When completing acquisitions, we seek also to identify separately identifiable intangible assets that we have acquired. We assess goodwill and intangible assets with an indefinite useful life for impairment annually. We also assess goodwill and other intangible assets for impairment upon the occurrence of certain events. In making our assessment, we consider a number of factors including operating results, business plans, economic projections, anticipated future cash flows, and current market data. Inherent uncertainties exist with respect to these factors and to our judgment in applying them when we make our assessment. Impairment of goodwill and other intangible assets could result from changes in economic and operating conditions in future periods. We did not record any impairments of goodwill or other intangible assets during the nine months ended September 30, 2017, or the year ended December 31, 2016. Goodwill representing the excess of the purchase price over the fair value of the net assets acquired is reported separately in the consolidated balance sheet. The purchase price in excess of the fair value of net assets acquired was negotiated at arms-length with an unrelated party and was based upon the strategic decision by Company management to expand both the geographic footprint and product lines of the Company. The nature of the business acquired was such that there were limited intangible assets not reflected in the net assets acquired. The purchase price was paid with a combination of cash and cancellation of obligations owed to the acquired company by the sellers. The goodwill which arose from this transaction is included in the basis of the net assets acquired and is not deductible for income tax purposes.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2017
Marketable Securities [Abstract]
Schedule of amortized cost and estimated fair value of securities	The following tables show the cost or amortized cost, gross unrealized gains and losses, and fair value of the Company’s fixed income and equity securities: September 30, 2017 Cost or Amortized Gross Unrealized Gross Unrealized Fair Value Fixed income securities: U.S. Government and agencies $ 6,796 $ 223 $ (35 ) $ 6,984 Obligations of states and political subdivisions 82,429 1,901 (109 ) 84,221 Corporate securities 90,089 1,051 (57 ) 91,083 Residential mortgage-backed securities 31,707 209 (143 ) 31,773 Commercial mortgage-backed securities 7,483 100 (12 ) 7,571 Asset-backed securities 15,748 30 (21 ) 15,757 Total fixed income securities 234,252 3,514 (377 ) 237,389 Equity securities: Basic materials 1,085 93 (18 ) 1,160 Communications 3,151 1,089 (131 ) 4,109 Consumer, cyclical 4,643 3,321 (94 ) 7,870 Consumer, non-cyclical 6,350 3,546 (130 ) 9,766 Energy 1,809 91 (190 ) 1,710 Financial 1,592 184 — 1,776 Industrial 5,311 3,471 (74 ) 8,708 Technology 4,868 4,105 (235 ) 8,738 Total equity securities 28,809 15,900 (872 ) 43,837 Total investments $ 263,061 $ 19,414 $ (1,249 ) $ 281,226 December 31, 2016 Cost or Amortized Gross Unrealized Gross Unrealized Fair Value Fixed income securities: U.S. Government and agencies $ 5,834 $ 260 $ (44 ) $ 6,050 Obligations of states and political subdivisions 68,915 882 (401 ) 69,396 Corporate securities 50,610 1,028 (468 ) 51,170 Residential mortgage-backed securities 22,750 102 (215 ) 22,637 Commercial mortgage-backed securities 8,033 104 (41 ) 8,096 Asset-backed securities 4,118 17 (14 ) 4,121 Total fixed income securities 160,260 2,393 (1,183 ) 161,470 Equity securities: Basic materials 90 13 (1 ) 102 Communications 1,307 1,601 (81 ) 2,827 Consumer, cyclical 1,665 3,646 (50 ) 5,261 Consumer, non-cyclical 2,015 2,411 (208 ) 4,218 Energy 1,053 234 — 1,287 Financial 314 277 — 591 Industrial 2,251 2,766 — 5,017 Technology 2,816 3,855 (57 ) 6,614 Total equity securities 11,511 14,803 (397 ) 25,917 Total investments $ 171,771 $ 17,196 $ (1,580 ) $ 187,387
Schedule of amortized cost and fair value of fixed income securities by contractual maturity	September 30, 2017 Amortized Cost Fair Value Due to mature: One year or less $ 15,884 $ 15,957 After one year through five years 84,260 85,799 After five years through ten years 68,934 70,189 After ten years 10,236 10,343 Mortgage / asset-backed securities 54,938 55,101 Total fixed income securities $ 234,252 $ 237,389 December 31, 2016 Amortized Cost Fair Value Due to mature: One year or less $ 10,935 $ 11,069 After one year through five years 45,904 46,891 After five years through ten years 55,430 55,619 After ten years 13,090 13,037 Mortgage / asset-backed securities 34,901 34,854 Total fixed income securities $ 160,260 $ 161,470
Schedule of unrealized loss of securities	The investment category and duration of the Company’s gross unrealized losses on fixed income securities and equity securities were as follows: September 30, 2017 Less than 12 Months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed income securities: U.S. Government and agencies $ 2,491 $ (35 ) $ — $ — $ 2,491 $ (35 ) Obligations of states and political subdivisions 9,907 (35 ) 4,188 (74 ) 14,095 (109 ) Corporate securities 17,757 (42 ) 1,048 (15 ) 18,805 (57 ) Residential mortgage-backed securities 12,193 (107 ) 1,194 (36 ) 13,387 (143 ) Commercial mortgage-backed securities 1,422 (12 ) — — 1,422 (12 ) Asset-backed securities 8,729 (13 ) 657 (8 ) 9,386 (21 ) Total fixed income securities 52,499 (244 ) 7,087 (133 ) 59,586 (377 ) Equity securities: Basic materials 376 (18 ) — — 376 (18 ) Communications 728 (43 ) 126 (88 ) 854 (131 ) Consumer, cyclical 293 (21 ) 146 (73 ) 439 (94 ) Consumer, non-cyclical 2,021 (124 ) 318 (6 ) 2,339 (130 ) Energy 892 (190 ) — — 892 (190 ) Industrial 708 (74 ) — — 708 (74 ) Technology 1,212 (143 ) 149 (92 ) 1,361 (235 ) Total equity securities 6,230 (613 ) 739 (259 ) 6,969 (872 ) Total investments $ 58,729 $ (857 ) $ 7,826 $ (310 ) $ 66,555 $ (1,249 ) December 31, 2016 Less than 12 Months Greater than 12 months Total Fair Unrealized Fair Unrealized Fair Unrealized Fixed income securities: U.S. Government and agencies $ 2,750 $ (44 ) $ — $ — $ 2,750 $ (44 ) Obligations of states and political subdivisions 16,559 (396 ) 245 (5 ) 16,804 (401 ) Corporate securities 13,479 (175 ) 2,006 (293 ) 15,485 (468 ) Residential mortgage-backed securities 15,692 (215 ) — — 15,692 (215 ) Commercial mortgage-backed securities 2,513 (41 ) — — 2,513 (41 ) Asset-backed securities 2,291 (14 ) — — 2,291 (14 ) Total fixed income securities 53,284 (885 ) 2,251 (298 ) 55,535 (1,183 ) Equity securities: Basic materials 32 (1 ) — — 32 (1 ) Communications 167 (81 ) — — 167 (81 ) Consumer, cyclical 63 (5 ) 174 (45 ) 237 (50 ) Consumer, non-cyclical 239 (208 ) — — 239 (208 ) Technology 543 (57 ) — — 543 (57 ) Total equity securities 1,044 (352 ) 174 (45 ) 1,218 (397 ) Total investments $ 54,328 $ (1,237 ) $ 2,425 $ (343 ) $ 56,753 $ (1,580 )
Schedule of net investment income	Net investment income consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Fixed income securities $ 1,703 $ 1,274 $ 4,664 $ 3,677 Equity securities 79 90 242 297 Real estate 234 319 695 661 Cash and cash equivalents 6 — — — Total gross investment income 2,022 1,683 5,601 4,635 Investment expenses 473 712 1,462 1,349 Net investment income $ 1,549 $ 971 $ 4,139 $ 3,286
Schedule of net realized gain (loss) on investments	Net realized capital gain on investments consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Gross realized gains $ 2,104 $ 5,073 $ 3,284 $ 5,587 Gross realized losses, excluding other than (95 ) (77 ) (114 ) (372 ) Other than temporary impairment losses (124 ) — (330 ) — Net realized capital gain on investments $ 1,885 $ 4,996 $ 2,840 $ 5,215

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
Investments, All Other Investments [Abstract]
Schedule of Financial Instruments at Fair Value Measured on a Recurring Basis	The following tables set forth our assets which are measured on a recurring basis by the level within the fair value hierarchy in which fair value measurements fall: September 30, 2017 Total Level I Level II Level II Fixed income securities: U.S. Government and agencies $ 6,984 $ — $ 6,984 $ — Obligations of states and political subdivisions 84,221 — 84,221 — Corporate securities 91,083 — 91,083 — Residential mortgage-backed securities 31,773 — 31,773 — Commercial mortgage-backed securities 7,571 — 7,571 — Asset-backed securities 15,757 — 15,757 — Total fixed income securities 237,389 — 237,389 — Equity securities: Basic materials 1,160 1,160 — — Communications 4,109 4,109 — — Consumer, cyclical 7,870 7,870 — — Consumer, non-cyclical 9,766 9,766 — — Energy 1,710 1,710 — — Financial 1,776 1,776 — — Industrial 8,708 8,708 — — Technology 8,738 8,738 — — Total equity securities 43,837 43,837 — — Cash and cash equivalents 2,984 2,984 — — Total assets at fair value $ 284,210 $ 46,821 $ 237,389 $ — December 31, 2016 Total Level I Level II Level III Fixed income securities: U.S. Government and agencies $ 6,050 $ — $ 6,050 $ — Obligations of states and political subdivisions 69,396 — 69,396 — Corporate securities 51,170 — 51,170 — Residential mortgage-backed securities 22,637 — 22,637 — Commercial mortgage-backed securities 8,096 — 8,096 — Asset-backed securities 4,121 — 4,121 — Total fixed income securities 161,470 — 161,470 — Equity securities: Basic materials 102 102 — — Communications 2,827 2,827 — — Consumer, cyclical 5,261 5,261 — — Consumer, non-cyclical 4,218 4,218 — — Energy 1,287 1,287 — — Financial 591 591 — — Industrial 5,017 5,017 — — Technology 6,614 6,614 — — Total equity securities 25,917 25,917 — — Cash and cash equivalents 18,318 18,318 — — Total assets at fair value $ 205,705 $ 44,235 $ 161,470 $ —

Reinsurance (Tables)

Reinsurance (Tables)	9 Months Ended
	Sep. 30, 2017
Reinsurance Disclosures [Abstract]
Schedule of reconciliation of direct to net premiums on both a written and an earned basis	A reconciliation of direct to net premiums on both a written and an earned basis is as follows: Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Premiums Written Premiums Earned Premiums Written Premiums Earned Direct premium $ 39,005 $ 57,979 $ 159,056 $ 140,659 Assumed premium 1,112 1,190 5,703 5,729 Ceded premium (3,970 ) (6,644 ) (15,401 ) (15,401 ) Net premiums $ 36,147 $ 52,525 $ 149,358 $ 130,987 Percentage of assumed earned premium to 2.3% 4.4% Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 Premiums Written Premiums Earned Premiums Written Premiums Earned Direct premium $ 39,238 $ 59,216 $ 150,807 $ 130,186 Assumed premium 1,236 1,280 8,666 8,693 Ceded premium 2,098 (7,857 ) (28,779 ) (18,989 ) Net premiums $ 42,572 $ 52,639 $ 130,694 $ 119,890 Percentage of assumed earned premium to 2.4% 7.3%
Schedule of reconciliation of direct to net losses and loss adjustment expenses	A reconciliation of direct to net losses and loss adjustment expenses is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Direct losses and loss adjustment expenses $ 48,295 $ 72,636 $ 104,030 $ 123,984 Assumed losses and loss adjustment expenses 2,699 1,651 5,312 5,472 Ceded losses and loss adjustment expenses (1,395 ) (23,612 ) (5,792 ) (36,196 ) Net losses and loss adjustment expenses $ 49,599 $ 50,675 $ 103,550 $ 93,260

Deferred Policy Acquisition C31

Deferred Policy Acquisition Costs (Tables)	9 Months Ended
	Sep. 30, 2017
Reinsurance Disclosures [Abstract]
Schedule of deferred policy acquisition costs	Activity with regards to our deferred policy acquisition costs was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Balance, beginning of period $ 14,126 $ 10,577 $ 8,942 $ 8,444 Deferral of policy acquisition costs 7,419 5,785 23,913 18,152 Amortization of deferred policy acquisition costs (9,792 ) (6,644 ) (21,102 ) (16,878 ) Balance, end of period $ 11,753 $ 9,718 $ 11,753 $ 9,718

Unpaid Losses and Loss Adjust32

Unpaid Losses and Loss Adjustment Expenses (Tables)	9 Months Ended
	Sep. 30, 2017
Liability for Unpaid Claims and Claims Adjustment Expense, Activity in Liability [Abstract]
Schedule of Activity in the liability for unpaid losses and loss adjustment expenses	Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows: Nine Months Ended September 30, 2017 Year Ended December 31, 2016 Balance at beginning of year: Liability for unpaid losses and loss adjustment expense $ 59,632 $ 45,342 Reinsurance ceded 7,192 5,109 Net balance at beginning of year 52,440 40,233 Incurred related to: Current year 110,199 123,264 Prior years (6,649 ) (4,756 ) Total incurred 103,550 118,508 Paid related to: Current year 53,241 90,772 Prior years 26,002 15,529 Total paid 79,243 106,301 Balance at end of period: Liability for unpaid losses and loss adjustment expense 85,427 59,632 Reinsurance ceded 8,680 7,192 Net balance at end of period $ 76,747 $ 52,440

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2017
Reinsurance Disclosures [Abstract]
Schedule of Property and equipment	Property and equipment consisted of the following: September 30, 2017 December 31, 2016 Estimated Useful Life Cost: Real estate $ 10,335 $ 9,578 10 - 31 years Electronic data processing equipment 1,606 1,637 5-7 years Furniture and fixtures 3,762 3,762 5-7 years Automobiles 1,548 1,488 2-3 years Total cost 17,291 16,465 Accumulated depreciation (11,794 ) (11,646 ) Total property and equipment, net $ 5,497 $ 4,819

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Schedule of illustrates the impact of consolidating Battle Creek into our consolidated balance sheets prior to intercompany eliminations	The following table illustrates the impact of including Battle Creek in our consolidated balance sheets prior to intercompany eliminations: September 30, 2017 December 31, 2016 Cash and cash equivalents (overdraft) $ (2,183 ) $ 124 Investments 4,414 4,290 Premiums and agents’ balances receivable 3,949 2,841 Reinsurance premiums receivable (eliminated in consolidation) 2,385 — Reinsurance recoverables on losses (eliminated in consolidation) 24,004 19,299 Accrued investment income 31 31 Deferred income tax asset, net 888 915 Property and equipment 371 331 Other assets 95 55 Total assets $ 33,954 $ 27,886 Unpaid losses and loss adjustment expenses $ 10,889 $ 8,917 Unearned premiums 13,115 10,382 Notes payable (eliminated in consolidation) 3,000 3,000 Reinsurance payable 2,131 992 Accrued expenses and other liabilities 1,161 1,073 Total liabilities 30,296 24,364 Non-controlling interest 3,658 3,522 Total equity 3,658 3,522 Total liabilities and equity $ 33,954 $ 27,886

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Schedule of revenue by insurance product line	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Revenues: Net premiums earned Multi-peril crop and hail $ 17,756 $ 21,321 $ 31,670 $ 28,541 Non-standard auto 2,663 2,719 7,784 8,028 Other property and casualty coverage 32,106 28,599 91,533 83,321 Net premiums earned 52,525 52,639 130,987 119,890 Fee and other income 752 680 1,420 1,492 Net investment income 1,549 971 4,139 3,286 Net realized capital gain on investments 1,885 4,996 2,840 5,215 Total revenues $ 56,711 $ 59,286 $ 139,386 $ 129,883

Organization (Details)

Organization (Details) - Nodak Insurance [Member]	9 Months Ended
	Sep. 30, 2017
Percentage of shares exchanged	55.00%
Percentage of quota share agreement	100.00%

Summary of Significant Accoun37

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Other invested assets	$ 1,972	$ 1,972
Federal Deposit Insurance Corporation amount	250
Short-term investment balances in investment that are insured by SIPC	$ 500
Nodak Insurance [Member]
Ownership percentage	100.00%
Battle Creek [Member]
Ownership percentage	100.00%

Investments (Narrative) (Detail

Investments (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Investments [Abstract]
Fixed income securities with a fair value	$ 3,535		$ 3,535		$ 3,530
Impairment of investments	$ 124		$ 330
Percentage of fixed maturities amortized cost values			80.00%
Fixed income securities [Member]
Investments [Abstract]
Number of securities	135		135		129

Investments (Schedule of amorti

Investments (Schedule of amortized cost and estimated fair value of investment securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Cost or Amortized Cost	$ 263,061	$ 171,771
Gross Unrealized Gains	19,414	17,196
Gross Unrealized Losses	(1,249)	(1,580)
Fair Value	281,226	187,387
Fixed income securities [Member]
Cost or Amortized Cost	234,252	160,260
Gross Unrealized Gains	3,514	2,393
Gross Unrealized Losses	(377)	(1,183)
Fair Value	237,389	161,470
Fixed income securities [Member] | U.S. Government and agencies [Member]
Cost or Amortized Cost	6,796	5,834
Gross Unrealized Gains	223	260
Gross Unrealized Losses	(35)	(44)
Fair Value	6,984	6,050
Fixed income securities [Member] | Obligations of states and political subdivisions [Member]
Cost or Amortized Cost	82,429	68,915
Gross Unrealized Gains	1,901	882
Gross Unrealized Losses	(109)	(401)
Fair Value	84,221	69,396
Fixed income securities [Member] | Corporate securities [Member]
Cost or Amortized Cost	90,089	50,610
Gross Unrealized Gains	1,051	1,028
Gross Unrealized Losses	(57)	(468)
Fair Value	91,083	51,170
Fixed income securities [Member] | Residential mortgage-backed securities [Member]
Cost or Amortized Cost	31,707	22,750
Gross Unrealized Gains	209	102
Gross Unrealized Losses	(143)	(215)
Fair Value	31,773	22,637
Fixed income securities [Member] | Commercial mortgage-backed securities [Member]
Cost or Amortized Cost	7,483	8,033
Gross Unrealized Gains	100	104
Gross Unrealized Losses	(12)	(41)
Fair Value	7,571	8,096
Fixed income securities [Member] | Asset backed securities [Member]
Cost or Amortized Cost	15,748	4,118
Gross Unrealized Gains	30	17
Gross Unrealized Losses	(21)	(14)
Fair Value	15,757	4,121
Equity Securities [Member]
Cost or Amortized Cost	28,809	11,511
Gross Unrealized Gains	15,900	14,803
Gross Unrealized Losses	(872)	(397)
Fair Value	43,837	25,917
Equity Securities [Member] | Basic materials [Member]
Cost or Amortized Cost	1,085	90
Gross Unrealized Gains	93	13
Gross Unrealized Losses	(18)	(1)
Fair Value	1,160	102
Equity Securities [Member] | Communications [Member]
Cost or Amortized Cost	3,151	1,307
Gross Unrealized Gains	1,089	1,601
Gross Unrealized Losses	(131)	(81)
Fair Value	4,109	2,827
Equity Securities [Member] | Consumer, cyclical [Member]
Cost or Amortized Cost	4,643	1,665
Gross Unrealized Gains	3,321	3,646
Gross Unrealized Losses	(94)	(50)
Fair Value	7,870	5,261
Equity Securities [Member] | Consumer, non-cyclical [Member]
Cost or Amortized Cost	6,350	2,015
Gross Unrealized Gains	3,546	2,411
Gross Unrealized Losses	(130)	(208)
Fair Value	9,766	4,218
Equity Securities [Member] | Energy [Member]
Cost or Amortized Cost	1,809	1,053
Gross Unrealized Gains	91	234
Gross Unrealized Losses	(190)
Fair Value	1,710	1,287
Equity Securities [Member] | Financial [Member]
Cost or Amortized Cost	1,592	314
Gross Unrealized Gains	184	277
Gross Unrealized Losses
Fair Value	1,776	591
Equity Securities [Member] | Industrial [Member]
Cost or Amortized Cost	5,311	2,251
Gross Unrealized Gains	3,471	2,766
Gross Unrealized Losses	(74)
Fair Value	8,708	5,017
Equity Securities [Member] | Technology [Member]
Cost or Amortized Cost	4,868	2,816
Gross Unrealized Gains	4,105	3,855
Gross Unrealized Losses	(235)	(57)
Fair Value	$ 8,738	$ 6,614

Investments (Schedule of Fixed

Investments (Schedule of Fixed Maturities) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Marketable Securities [Abstract]
Amortized Cost, Due to mature One year or less	$ 15,884	$ 10,935
Amortized Cost, Due to mature After one year through five years	84,260	45,904
Amortized Cost, Due to mature After five years through ten years	68,934	55,430
Amortized Cost, Due to mature After ten years	10,236	13,090
Amortized Cost, Due to mature Mortgage/asset-backed securities	54,938	34,901
Available-for-sale Securities, Debt Maturities, Amortized Cost	234,252	160,260
Fair Value, Due to mature One year or less	15,957	11,069
Fair Value, Due to mature After one year through five years	85,799	46,891
Fair Value, Due to mature After five years through ten years	70,189	55,619
Fair Value, Due to mature After ten years	10,343	13,037
Fair Value, Due to mature Mortgage/asset-backed securities	55,101	34,854
Available-for-sale Securities, Debt Securities, Estimated Fair Value	$ 237,389	$ 161,470

Investments (Schedule of aggreg

Investments (Schedule of aggregate fair value and unrealized loss) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Less than 12 months Fair Value	$ 58,729	$ 54,328
Less than 12 months Unrealized Losses	(857)	(1,237)
Greater than 12 months Fair Value	7,826	2,425
Greater than 12 months Unrealized Losses	(392)	(343)
Fair Value, Total	66,555	56,753
Unrealized Losses, Total	(1,249)	(1,580)
Fixed income securities [Member]
Less than 12 months Fair Value	52,499	53,284
Less than 12 months Unrealized Losses	(244)	(885)
Greater than 12 months Fair Value	7,087	2,251
Greater than 12 months Unrealized Losses	(133)	(298)
Fair Value, Total	59,586	55,535
Unrealized Losses, Total	(377)	(1,183)
Fixed income securities [Member] | U.S. Government and agencies [Member]
Less than 12 months Fair Value	2,491	2,750
Less than 12 months Unrealized Losses	(35)	(44)
Greater than 12 months Fair Value
Greater than 12 months Unrealized Losses
Fair Value, Total	2,491	2,750
Unrealized Losses, Total	(35)	(44)
Fixed income securities [Member] | Obligations of states and political subdivisions [Member]
Less than 12 months Fair Value	9,907	16,559
Less than 12 months Unrealized Losses	(35)	(396)
Greater than 12 months Fair Value	4,188	245
Greater than 12 months Unrealized Losses	(74)	(5)
Fair Value, Total	14,095	16,804
Unrealized Losses, Total	(109)	(401)
Fixed income securities [Member] | Corporate securities [Member]
Less than 12 months Fair Value	17,757	13,479
Less than 12 months Unrealized Losses	(42)	(175)
Greater than 12 months Fair Value	1,048	2,006
Greater than 12 months Unrealized Losses	(15)	(293)
Fair Value, Total	18,805	15,485
Unrealized Losses, Total	(57)	(468)
Fixed income securities [Member] | Residential mortgage-backed securities [Member]
Less than 12 months Fair Value	12,193	15,692
Less than 12 months Unrealized Losses	(107)	(215)
Greater than 12 months Fair Value	1,194
Greater than 12 months Unrealized Losses	(36)
Fair Value, Total	13,387	15,692
Unrealized Losses, Total	(143)	(215)
Fixed income securities [Member] | Commercial mortgage-backed securities [Member]
Less than 12 months Fair Value	1,422	2,513
Less than 12 months Unrealized Losses	(12)	(41)
Greater than 12 months Fair Value
Greater than 12 months Unrealized Losses
Fair Value, Total	1,422	2,513
Unrealized Losses, Total	(12)	(41)
Fixed income securities [Member] | Asset backed securities [Member]
Less than 12 months Fair Value	8,729	2,291
Less than 12 months Unrealized Losses	(13)	(14)
Greater than 12 months Fair Value	657
Greater than 12 months Unrealized Losses	(8)
Fair Value, Total	9,386	2,291
Unrealized Losses, Total	(21)	(14)
Equity Securities [Member]
Less than 12 months Fair Value	6,230	1,044
Less than 12 months Unrealized Losses	(613)	(352)
Greater than 12 months Fair Value	739	174
Greater than 12 months Unrealized Losses	(259)	(45)
Fair Value, Total	6,969	1,218
Unrealized Losses, Total	(872)	(397)
Equity Securities [Member] | Basic materials [Member]
Less than 12 months Fair Value	376	32
Less than 12 months Unrealized Losses	(18)	(1)
Greater than 12 months Fair Value
Greater than 12 months Unrealized Losses
Fair Value, Total	376	32
Unrealized Losses, Total	(18)	(1)
Equity Securities [Member] | Communications [Member]
Less than 12 months Fair Value	728	167
Less than 12 months Unrealized Losses	(43)	(81)
Greater than 12 months Fair Value	126
Greater than 12 months Unrealized Losses	(88)
Fair Value, Total	854	167
Unrealized Losses, Total	(131)	(81)
Equity Securities [Member] | Consumer, cyclical [Member]
Less than 12 months Fair Value	293	63
Less than 12 months Unrealized Losses	(21)	(5)
Greater than 12 months Fair Value	146	174
Greater than 12 months Unrealized Losses	(73)	(45)
Fair Value, Total	439	237
Unrealized Losses, Total	(94)	(50)
Equity Securities [Member] | Consumer, non-cyclical [Member]
Less than 12 months Fair Value	2,021	239
Less than 12 months Unrealized Losses	(124)	(208)
Greater than 12 months Fair Value	318
Greater than 12 months Unrealized Losses	(6)
Fair Value, Total	2,339	239
Unrealized Losses, Total	(130)	(208)
Equity Securities [Member] | Energy [Member]
Less than 12 months Fair Value	892
Less than 12 months Unrealized Losses	(190)
Greater than 12 months Fair Value
Greater than 12 months Unrealized Losses
Fair Value, Total	892
Unrealized Losses, Total	(190)
Equity Securities [Member] | Industrial [Member]
Less than 12 months Fair Value	708
Less than 12 months Unrealized Losses	(74)
Greater than 12 months Fair Value
Greater than 12 months Unrealized Losses
Fair Value, Total	708
Unrealized Losses, Total	(74)
Equity Securities [Member] | Technology [Member]
Less than 12 months Fair Value	1,212	543
Less than 12 months Unrealized Losses	(143)	(57)
Greater than 12 months Fair Value	149
Greater than 12 months Unrealized Losses	(92)
Fair Value, Total	1,361	543
Unrealized Losses, Total	$ (235)	$ (57)

Investments (Schedule of Net In

Investments (Schedule of Net Investment Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Total gross investment income	$ 2,022	$ 1,683	$ 5,601	$ 4,635
Investment expenses	473	712	1,462	1,349
Net investment income	1,549	971	4,139	3,286
Fixed income securities [Member]
Total gross investment income	1,703	1,274	4,664	3,677
Equity Securities [Member]
Total gross investment income	79	90	242	297
Real estate [Member]
Total gross investment income	234	319	695	661
Cash and Cash Equivalents [Member]
Total gross investment income	$ 6

Investments (Schedule of compon

Investments (Schedule of components of Net realized capital gains on investments) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Marketable Securities [Abstract]
Gross realized gains	$ 2,104	$ 5,073	$ 3,284	$ 5,587
Gross realized losses, excluding other than temporary impairment losses	(95)	(77)	(114)	(372)
Other than temporary impairment losses	(124)		(330)
Net realized capital gains on investments	$ 1,885	$ 4,996	$ 2,840	$ 5,215

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of assets, which are measured on a recurring basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Total fixed income securities	$ 237,389	$ 161,470
Total equity securities	43,837	25,917
Cash and cash equivalents	2,984	18,318	$ 4,640	$ 14,521
Total assets at fair value	284,210	205,705
Level I [Member]
Total fixed income securities
Total equity securities	43,837	25,917
Cash and cash equivalents	2,984	18,318
Total assets at fair value	46,821	44,235
Level II [Member]
Total fixed income securities	237,389	161,470
Total equity securities
Cash and cash equivalents
Total assets at fair value	237,389	161,470
Level III [Member]
Total fixed income securities
Total equity securities
Cash and cash equivalents
Total assets at fair value
U.S. Government and agencies [Member]
Total fixed income securities	6,984	6,050
U.S. Government and agencies [Member] | Level I [Member]
Total fixed income securities
U.S. Government and agencies [Member] | Level II [Member]
Total fixed income securities	6,984	6,050
U.S. Government and agencies [Member] | Level III [Member]
Total fixed income securities
Obligations of states and political subdivisions [Member]
Total fixed income securities	84,221	69,396
Obligations of states and political subdivisions [Member] | Level I [Member]
Total fixed income securities
Obligations of states and political subdivisions [Member] | Level II [Member]
Total fixed income securities	84,221	69,396
Obligations of states and political subdivisions [Member] | Level III [Member]
Total fixed income securities
Corporate securities [Member]
Total fixed income securities	91,083	51,170
Corporate securities [Member] | Level I [Member]
Total fixed income securities
Corporate securities [Member] | Level II [Member]
Total fixed income securities	91,083	51,170
Corporate securities [Member] | Level III [Member]
Total fixed income securities
Residential mortgage-backed securities [Member]
Total fixed income securities	31,773	22,637
Residential mortgage-backed securities [Member] | Level I [Member]
Total fixed income securities
Residential mortgage-backed securities [Member] | Level II [Member]
Total fixed income securities	31,773	22,637
Residential mortgage-backed securities [Member] | Level III [Member]
Total fixed income securities
Commercial mortgage-backed securities [Member]
Total fixed income securities	7,571	8,096
Commercial mortgage-backed securities [Member] | Level I [Member]
Total fixed income securities
Commercial mortgage-backed securities [Member] | Level II [Member]
Total fixed income securities	7,571	8,096
Commercial mortgage-backed securities [Member] | Level III [Member]
Total fixed income securities
Asset backed securities [Member]
Total fixed income securities	15,757	4,121
Asset backed securities [Member] | Level I [Member]
Total fixed income securities
Asset backed securities [Member] | Level II [Member]
Total fixed income securities	15,757	4,121
Asset backed securities [Member] | Level III [Member]
Total fixed income securities
Basic materials [Member]
Total equity securities	1,160	102
Basic materials [Member] | Level I [Member]
Total equity securities	1,160	102
Basic materials [Member] | Level II [Member]
Total equity securities
Basic materials [Member] | Level III [Member]
Total equity securities
Communications [Member]
Total equity securities	4,109	2,827
Communications [Member] | Level I [Member]
Total equity securities	4,109	2,827
Communications [Member] | Level II [Member]
Total equity securities
Communications [Member] | Level III [Member]
Total equity securities
Consumer, cyclical [Member]
Total equity securities	7,870	5,261
Consumer, cyclical [Member] | Level I [Member]
Total equity securities	7,870	5,261
Consumer, cyclical [Member] | Level II [Member]
Total equity securities
Consumer, cyclical [Member] | Level III [Member]
Total equity securities
Consumer, non-cyclical [Member]
Total equity securities	9,766	4,218
Consumer, non-cyclical [Member] | Level I [Member]
Total equity securities	9,766	4,218
Consumer, non-cyclical [Member] | Level II [Member]
Total equity securities
Consumer, non-cyclical [Member] | Level III [Member]
Total equity securities
Energy [Member]
Total equity securities	1,710	1,287
Energy [Member] | Level I [Member]
Total equity securities	1,710	1,287
Energy [Member] | Level II [Member]
Total equity securities
Energy [Member] | Level III [Member]
Total equity securities
Financial [Member]
Total equity securities	1,776	591
Financial [Member] | Level I [Member]
Total equity securities	1,776	591
Financial [Member] | Level II [Member]
Total equity securities
Financial [Member] | Level III [Member]
Total equity securities
Industrial [Member]
Total equity securities	8,708	5,017
Industrial [Member] | Level I [Member]
Total equity securities	8,708	5,017
Industrial [Member] | Level II [Member]
Total equity securities
Industrial [Member] | Level III [Member]
Total equity securities
Technology [Member]
Total equity securities	8,738	6,614
Technology [Member] | Level I [Member]
Total equity securities	8,738	6,614
Technology [Member] | Level II [Member]
Total equity securities
Technology [Member] | Level III [Member]
Total equity securities

Reinsurance (Narrative) (Detail

Reinsurance (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2017
Reinsurance Disclosures [Abstract]
Reinsurance Retention Policy, Amount Retained	$ 5,000
Reinsurance Retention Policy, Excess Retention, Amount Reinsured	74,600
Retained risk amount	5,000	$ 10,000
Catastrophic retention amount increased	$ 10,000
Ceded reinsurance commission percentage	100.00%	100.00%

Reinsurance (Schedule of reconc

Reinsurance (Schedule of reconciliation of direct to net premiums on both a written and an earned basis) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Premiums Written
Direct premium	$ 39,005	$ 39,238	$ 159,056	$ 150,807
Assumed premium	1,112	1,236	5,703	8,666
Ceded premium	(3,970)	2,098	(15,401)	(28,779)
Net premiums	36,147	42,572	149,358	130,694
Premiums Earned
Direct premium	57,979	59,216	140,659	130,186
Assumed premium	1,190	1,280	5,729	8,693
Ceded premium	(6,644)	(7,857)	(15,401)	(18,989)
Net premiums	$ 52,525	$ 52,639	$ 130,987	$ 119,890
Percentage of assumed premium to net earned premium	2.30%	2.40%	4.40%	7.30%

Reinsurance (Schedule of reco47

Reinsurance (Schedule of reconciliation of direct to net losses and loss adjustment expenses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Reinsurance Disclosures [Abstract]
Direct losses and loss adjustment expenses	$ 48,295	$ 72,636	$ 104,030	$ 123,984
Assumed losses and loss adjustment expenses	2,699	1,651	5,312	5,472
Ceded losses and loss adjustment expenses	(1,395)	(23,612)	(5,792)	(36,196)
Net losses and loss adjustment expenses	$ 49,599	$ 50,675	$ 103,550	$ 93,260

Deferred Policy Acquisition C48

Deferred Policy Acquisition Costs (Schedule of deferred policy acquisition costs) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Deferred Policy Acquisition Costs Disclosures [Abstract]
Balance, beginning of period	$ 14,126	$ 10,577	$ 8,942	$ 8,444
Deferral of policy acquisition costs	7,419	5,785	23,913	18,152
Amortization of deferred policy acquisition costs	(9,792)	(6,644)	(21,102)	(16,878)
Balance, end of period	$ 11,753	$ 9,718	$ 11,753	$ 9,718

Unpaid Losses and Loss Adjust49

Unpaid Losses and Loss Adjustment Expenses (Schedule of liability for unpaid losses and loss adjustment expenses) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Liability for Unpaid Claims and Claims Adjustment Expense, Activity in Liability [Abstract]
Liability for unpaid losses and loss adjustment expense	$ 59,632	$ 45,342
Reinsurance ceded	7,192	5,109
Net balance at beginning of year	52,440	40,233
Incurred related to:
Current year	110,199	123,264
Prior years	(6,649)	(4,756)
Total Incurred	103,550	118,508
Paid related to:
Current year	53,241	90,772
Prior years	26,002	15,529
Total paid	79,243	106,301
Liability for unpaid losses and loss adjustment expense	85,427	59,632
Reinsurance ceded	8,680	7,192
Net balance at end of period	$ 76,747	$ 52,440

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Cost:	$ 17,291		$ 17,291		$ 16,465
Accumulated depreciation	(11,794)		(11,794)		(11,646)
Total property and equipment, net	5,497		5,497		4,819
Depreciation expense	127	$ 153	376	$ 373
Real estate [Member]
Cost:	10,335		$ 10,335		9,578
Real estate [Member] | Minimum [Member]
Estimated Useful Life			10 years
Real estate [Member] | Maximum [Member]
Estimated Useful Life			31 years
Electronic data processing equipment [Member]
Cost:	1,606		$ 1,606		1,637
Electronic data processing equipment [Member] | Minimum [Member]
Estimated Useful Life			5 years
Electronic data processing equipment [Member] | Maximum [Member]
Estimated Useful Life			7 years
Furniture and fixtures [Member]
Cost:	3,762		$ 3,762		3,762
Furniture and fixtures [Member] | Minimum [Member]
Estimated Useful Life			5 years
Furniture and fixtures [Member] | Maximum [Member]
Estimated Useful Life			7 years
Automobiles [Member]
Cost:	$ 1,588		$ 1,588		$ 1,488
Automobiles [Member] | Minimum [Member]
Estimated Useful Life			2 years
Automobiles [Member] | Maximum [Member]
Estimated Useful Life			3 years

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Sep. 30, 2017	May 23, 2017	Dec. 31, 2016
Average number of common shares outstanding	22,313,329		22,577,233
Net common shares outstanding	22,313,329		22,313,329		0
Purchased shares of common stock		446,671
Repurchased, value		$ 8,037	$ 8,037
Authorized amount				$ 8,000
Common Stock [Member]
Net common shares outstanding					22,760,000
Repurchased, value

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
NDFB [Member]
Related Party Transaction [Line Items]
Royalties	$ 351	$ 346	$ 1,002	$ 973
Accrued royalties	88		88		$ 96
Battle Creek [Member]
Related Party Transaction [Line Items]
Related party revenues	19	0	88	0
Related party expenses	$ 34	$ 0	$ 103	$ 0

Related Party Transactions (Sch

Related Party Transactions (Schedule of impact of consolidating Battle Creek into our consolidated balance sheets) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Accrued investment income	$ 1,904	$ 1,431
Property and equipment	5,497	4,819
Other assets	3,191	4,334
Total assets	418,707	278,703
Unpaid losses and loss adjustment expenses	85,427	59,632
Unearned premiums	75,816	57,445
Reinsurance payable	3,799	39
Total liabilities	178,795	125,285
Non-controlling interest	3,658	3,522
Total equity	239,912	153,418
Total liabilities and equity	418,707	278,703
Battle Creek [Member]
Related Party Transaction [Line Items]
Cash and cash equivalents (overdraft)	(2,183)	124
Investments	4,414	4,290
Premiums and agents' balances receivable	3,949	2,841
Reinsurance premiums receivable (eliminated in consolidation)	2,385
Reinsurance recoverables on losses (eliminated in consolidation)	24,004	19,299
Accrued investment income	31	31
Deferred income tax asset, net	888	915
Property and equipment	371	331
Other assets	95	55
Total assets	33,954	27,886
Unpaid losses and loss adjustment expenses	10,889	8,917
Unearned premiums	13,115	10,382
Notes payable (eliminated in consolidation)	3,000	3,000
Reinsurance payable	2,131	992
Accrued expenses and other liabilities	1,161	1,073
Total liabilities	30,296	24,364
Non-controlling interest	3,658	3,522
Total equity	3,658	3,522
Total liabilities and equity	$ 33,954	$ 27,886

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016
Company's Total contribution to the money purchase plan		$ 366	$ 1,179
Company's total contributions to the 401(k) plan		461	$ 708
Funds deposited in deferred compensation	$ 8	$ 128
Minimum [Member]
Employee contribution in percentage		3.00%
Maximum [Member]
Employee contribution in percentage		50.00%

Line of Credit (Details)

Line of Credit (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Line of credit with Wells Fargo	$ 3,000	$ 3,000
Line of credit expiration date	Oct. 31, 2018

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Unrecognized tax benefits
Interest and penalties
Battle Creek [Member]
Net operating loss carryover	$ 5,171	5,171
Net capital loss carryovers		$ 247
Expiration date	Dec. 31, 2030

Operating Leases (Details)

Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Leases, Operating [Abstract]
Operating lease expenses	$ 0	$ 23	$ 20	$ 68
Minimum future payments under these non-cancellable leases
Lease expiration date			Nov. 30, 2017

Segment Information (Schedule o

Segment Information (Schedule of revenue by insurance product line) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Net premium earned	$ 52,525	$ 52,639	$ 130,987	$ 119,890
Fee and other income	752	680	1,420	1,492
Net investment income	1,549	971	4,139	3,286
Net realized capital gains on investments	1,885	4,996	2,840	5,215
Total revenues	56,711	59,286	139,386	129,883
Multi-Peril Crop and Hail [Member]
Revenues:
Net premium earned	17,756	21,321	31,670	28,541
Non Standard Auto [Member]
Revenues:
Net premium earned	2,663	2,719	7,784	8,028
Other property and casualty coverages [Member]
Revenues:
Net premium earned	$ 32,106	$ 28,599	$ 91,533	$ 83,321