| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Revenue: | ||||||
Net premiums earned | ||||||
- | - | 35,202 | 30,448 | 25,934 | 18,463 | 4,983 |
Net investment income (loss) | ||||||
5,587 | 1,208 | 965 | 544 | 362 | 130 | 47 |
Other income | ||||||
10 | - | 1,981 | 1,264 | 834 | 372 | 61 |
Total revenue | ||||||
5,597 | 1,208 | 38,148 | - | - | - | - |
Total revenue | ||||||
- | - | - | 32,256 | 27,130 | 18,965 | 5,091 |
Expenses: | ||||||
Net losses and loss adjustment expenses | ||||||
- | - | 15,900 | 16,372 | 9,939 | 3,612 | 2,928 |
Amortization of deferred policy acquisition costs | ||||||
- | - | 11,080 | 8,492 | 6,571 | 4,529 | 1,328 |
General and administrative expenses | ||||||
2,476 | 1,145 | 9,304 | 6,918 | 7,253 | 5,095 | 1,979 |
Loss on termination of Management Services Agreement | ||||||
- | - | - | - | -5,421 | 0 | - |
Accretion of discount on Series B Preferred Shares | ||||||
- | 33 | 372 | 355 | 282 | 0 | - |
Loss on repurchase of Series B Preferred Shares and Performance Shares | ||||||
- | 1,612 | - | - | - | - | - |
Total expenses | ||||||
2,476 | 2,790 | 36,656 | 32,137 | 29,466 | 13,236 | 6,235 |
Loss from continuing operations before income tax benefit | ||||||
3,121 | -1,582 | 1,492 | 119 | -2,336 | 5,729 | -1,144 |
Income tax benefit | ||||||
-738 | 308 | 1,198 | 108 | -663 | 2,083 | -396 |
Net loss from continuing operations | ||||||
2,383 | -1,274 | - | - | - | - | - |
Discontinued operations (Note 4): | ||||||
Gain (Loss) from sale of the Maison Business, net of taxes | ||||||
7,066 | -50 | - | - | - | - | - |
Income (Loss) from the Maison Business, net of taxes | ||||||
-9,138 | 2,128 | - | - | - | - | - |
Net income from discontinued operations, net of income taxes | ||||||
-2,072 | 2,078 | - | - | - | - | - |
Net income (loss) | ||||||
311 | 804 | 294 | 11 | -1,673 | 3,646 | -748 |
Dividends declared on Series A Preferred Shares | ||||||
1,400 | 1,108 | - | - | - | - | - |
Less: beneficial conversion feature on convertible preferred shares | ||||||
- | - | - | - | - | 500 | 0 |
Loss attributable to common shareholders | ||||||
-1,089 | -304 | 294 | - | - | 3,146 | -748 |
Basic and diluted earnings (loss) per common share: | ||||||
Continuing operations | ||||||
0.16 | -0.40 | - | - | - | - | - |
Discontinued operations | ||||||
-0.34 | 0.35 | - | - | - | - | - |
Loss per share attributable to common shareholders | ||||||
-0.18 | -0.05 | 0.05 | 0.00 | - | - | - |
Basic | ||||||
- | - | - | - | -0.27 | 0.71 | -0.75 |
Diluted | ||||||
- | - | - | - | -0.27 | 0.71 | -0.75 |
Weighted average common shares outstanding: | ||||||
Basic | ||||||
- | - | 5,965 | 6,047 | 6,286 | 4,454 | 1,000 |
Diluted | ||||||
- | - | 5,970 | 6,047 | 6,286 | 4,454 | 1,000 |
Basic and diluted | ||||||
6,018 | 5,989 | - | - | - | - | - |
Consolidated Statement of Comprehensive Income (Loss) | ||||||
Net income (loss) | ||||||
311 | 804 | 294 | 11 | -1,673 | 3,646 | -748 |
Unrealized gains on investments available for sale, net of income taxes | ||||||
1,342 | -527 | -104 | -3 | -61 | -1 | 0 |
Comprehensive income (loss) | ||||||
1,653 | 277 | 190 | 8 | -1,734 | 3,645 | -748 |