1347 Property Insurance Holdings, Inc. PIH Income Statement

1347 property insurance holdings, inc. (PIH)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Other Comprehensive Income (Loss), Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Revenue:
Net premiums earned
-	-	-	-	-	-	-	-	12,615	10,170	8,632	8,228	8,172	7,579	7,136	7,512	8,221	7,264	6,401	6,251	6,018	5,182	4,427	4,740	4,114	2,545	829	694	915
Net investment income (loss)
-8,706	4,331	523	277	456	245	299	286	378	265	248	284	168	151	151	127	115	160	45	79	78	54	48	24	4	-188	193	21	21
Other-than-temporary impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	188	-
Other income
29	-	-	-	-	-	-	-	547	719	474	411	377	402	345	254	263	132	243	155	304	191	61	65	55	16	39	6	0
Total revenue
-8,677	4,341	523	277	456	-12,917	299	286	13,540	-	9,354	8,923	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
-	-	-	-	-	-	-	-	-	-	-	-	8,717	8,132	7,632	7,893	8,599	7,556	6,689	6,485	6,400	5,427	4,536	4,829	4,173	2,561	1,061	533	936
Expenses:
Net losses and loss adjustment expenses
-	-	-	-	-	-	-	-	4,259	2,091	7,795	2,383	3,631	1,455	6,443	1,838	6,636	2,968	3,325	3,017	629	1,109	944	1,175	384	289	150	642	1,847
Amortization of deferred policy acquisition costs
-	-	-	-	-	-	-	-	3,295	3,213	2,755	2,590	2,522	2,344	2,095	2,063	1,990	1,798	1,676	1,571	1,526	1,437	1,111	1,100	881	-	-	-	-
Net losses and loss adjustment expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-786
Amortization of deferred policy acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	312	220	203
General and administrative expenses
805	240	595	688	953	-2,666	487	303	3,021	2,769	2,145	2,299	2,091	1,936	1,658	1,746	1,578	1,839	1,624	1,985	1,805	1,565	1,429	1,500	601	649	517	457	356
Loss on termination of Management Services Agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	0	-5,421	-	0	0	-	-	-	-	-
Accretion of discount on Series B Preferred Shares
-	-	-	-	-	0	0	0	33	96	93	91	92	92	89	86	88	-	85	109	-	-	0	0	-	-	-	-	-
Loss on repurchase of Series B Preferred Shares and Performance Shares
-	-	-	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on repurchase of Series B Preferred Shares and Performance Shares
-	-	-	-	-	-	-	0	-612	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
805	240	595	688	953	-10,220	1,487	303	11,220	8,169	12,788	7,363	8,336	5,827	10,285	5,733	10,292	6,693	6,710	6,682	9,381	4,111	3,484	3,775	1,866	1,531	979	1,319	2,406
Loss from continuing operations before income tax benefit
-9,482	4,101	-72	-411	-497	-2,697	-1,188	-17	2,320	2,985	-3,434	1,560	381	2,305	-2,653	2,160	-1,693	863	-21	-197	-2,981	1,316	1,052	1,054	2,307	1,030	82	-786	-1,470
Income tax benefit
-1,185	-575	-12	-83	-68	193	-250	-4	369	1,595	-1,171	639	135	713	-847	820	-578	284	82	-72	-957	621	420	438	604	342	29	-263	-504
Net loss from continuing operations
-8,297	3,200	-60	-328	-429	-	-938	-13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (Note 4):
Net income from discontinued operations, net of income taxes
-	-	-	-	527	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from discontinued operations, net of income taxes
-	-	-3,475	-4,204	-	-	-1,176	148	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-8,297	8,280	-3,535	-4,532	98	832	-2,114	135	1,951	1,390	-2,263	921	246	1,592	-1,806	1,340	-1,115	579	-103	-125	-2,024	695	632	616	1,703	688	53	-523	-966
Dividends declared on Series A Preferred Shares
350	350	350	350	350	-	350	408	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: beneficial conversion feature on convertible preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	500	-	-	-	-
Less: Beneficial conversion feature on convertible preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Loss attributable to common shareholders
-8,647	7,930	-3,885	-4,882	-252	482	-2,464	-273	1,951	-	-	-	-	-	-	-	-	-	-	-	-	695	632	616	1,203	688	53	-523	-966
Basic and diluted earnings (loss) per common share:
Continuing operations
-1.43	0.47	-0.07	-0.11	-0.13	-	-0.21	-0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	0.85	-0.58	-0.70	0.09	-	-0.20	0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss per share attributable to common shareholders
-1.43	1.32	-0.65	-0.81	-0.04	-	-0.41	-0.05	-	-	-0.38	-	-	-	-0.30	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
-	-	-	-	-	-	-	-	0.33	-	-	0.15	0.04	-	-	0.22	-0.18	0.09	-0.02	-0.02	-0.32	-0.71	0.10	0.15	1.17	0.69	0.05	-0.52	-0.97
Diluted
-	-	-	-	-	-	-	-	0.32	-	-	0.15	0.04	-	-	0.22	-0.18	0.09	-0.02	-0.02	-0.32	-0.71	0.10	0.15	1.17	0.69	0.05	-0.52	-0.97
Weighted average common shares outstanding:
Basic
-	-	-	-	-	-	-	-	5,984	-	-	5,956	5,956	-	-	6,097	6,111	6,171	6,261	6,355	6,358	16,778	6	4	1,027	1,000	1,000	1,000	1,000
Diluted
-	-	-	-	-	-	-	-	6,093	-	-	5,956	5,956	-	-	6,097	6,111	6,171	6,261	6,355	6,358	16,777	6	4	1,027	-	-	-	-
Basic and diluted
6,067	6,032	6,015	6,012	6,012	-	5,991	5,984	-	-	5,961	-	-	-	6,022	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	1,000
Consolidated Statement of Comprehensive Income (Loss)
Net income (loss)
-8,297	8,280	-3,535	-4,532	98	832	-2,114	135	1,951	1,390	-2,263	921	246	1,592	-1,806	1,340	-1,115	579	-103	-125	-2,024	695	632	616	1,703	688	53	-523	-966
Unrealized gains on investments available for sale, net of income taxes
-	-441	-92	964	911	483	-133	-193	-684	-198	25	14	55	-313	-11	93	228	-121	66	-81	75	10	-21	13	-3	0	0	0	0
Other comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Comprehensive income (loss)
-8,297	7,839	-3,627	-3,568	1,009	1,315	-2,247	-58	1,267	1,192	-2,238	935	301	1,279	-1,817	1,433	-887	458	-37	-206	-1,949	705	611	629	1,700	688	53	-523	-966