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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Fixed-maturity securities, available for sale, at fair value (amortized cost: $98,669 and $199,954, respectively and allowance for credit losses: $526 and $0, respectively) $ 99,993 $ 202,839
Equity securities, at fair value (cost: $37,808 and $31,863, respectively) 39,309 35,285
Short-term investments   491
Limited partnership investments 26,177 28,346
Investment in unconsolidated joint venture, at equity 734 762
Assets held for sale 4,519  
Real estate investments 70,908 73,763
Total investments 241,640 341,486
Cash and cash equivalents 422,464 229,218
Restricted cash 700 700
Accrued interest and dividends receivable 913 1,616
Income taxes receivable 3,150 1,040
Premiums receivable 27,925 20,255
Prepaid reinsurance premiums 27,150 17,983
Reinsurance recoverable, net of allowance for credit losses:    
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively) 12,397 16,155
Unpaid losses and loss adjustment expenses (allowance: $104 and $0, respectively) 87,929 116,523
Deferred policy acquisition costs 29,190 21,663
Property and equipment, net 19,085 14,698
Intangible assets, net 3,877 4,192
Other assets 11,965 17,080
Total assets 888,385 802,609
Liabilities and Stockholders’ Equity    
Losses and loss adjustment expenses 211,162 214,697
Unearned premiums 229,234 181,163
Advance premiums 19,208 5,589
Assumed reinsurance balances payable 79 76
Accrued expenses 12,457 10,059
Deferred income taxes, net 5,282 4,008
Revolving credit facility 23,750 9,750
Long-term debt 161,839 163,695
Other liabilities 40,289 28,029
Total liabilities 703,300 617,066
Commitments and contingencies (Note 21)
Stockholders' equity:    
Preferred stock
Common stock (no par value, 40,000,000 shares authorized, 7,794,048 and 7,764,564 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively)
Additional paid-in capital
Retained income 183,689 183,365
Accumulated other comprehensive income, net of taxes 1,396 2,178
Total stockholders’ equity 185,085 185,543
Total liabilities and stockholders’ equity 888,385 802,609
7% Series A Cumulative Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock