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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Investments available for sale, at fair value:    
Total investments $ 399,290 $ 381,627
Cash and cash equivalents 105,752 61,391
Accrued investment income 2,584 2,239
Property and equipment, net 12,276 8,022
Premiums receivable, net 45,223 31,369
Reinsurance recoverable on paid and unpaid losses 8,558 2,068
Prepaid reinsurance premiums 161,057 63,827
Goodwill 4,196 0
Deferred policy acquisition costs 43,163 31,925
Other assets 7,602 1,701
Total Assets 789,701 584,169
Liabilities:    
Unpaid losses and loss adjustment expenses 67,638 54,436
Unearned premiums 272,167 229,486
Reinsurance payable 164,970 45,254
Other liabilities 52,528 37,701
Notes payable 12,941 13,529
Total Liabilities $ 570,244 $ 380,406
Commitments and contingencies (Note 9)    
Stockholders' Equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding $ 0 $ 0
Common stock, $0.0001 par value; 50,000,000 shares authorized; 21,741,056 and 21,116,497 issued; 21,528,973 and 20,904,414 outstanding for 2015 and 2014, respectively 2 2
Additional paid-in capital 96,194 82,380
Treasury shares, at cost; 212,083 shares (431) (431)
Accumulated other comprehensive income 2,568 4,011
Retained earnings 121,124 117,801
Total Stockholders' Equity 219,457 203,763
Total Liabilities and Stockholders' Equity 789,701 584,169
Fixed Maturities    
Investments available for sale, at fair value:    
Fixed maturities (amortized cost of $367,348 and $350,063, respectively) 368,258 352,630
Equity Securities    
Investments available for sale, at fair value:    
Equity securities (adjusted cost of $24,917 and $22,278, respectively) 27,901 25,987
Other Long-Term Investments    
Investments available for sale, at fair value:    
Other investments (amortized cost of $2,840 and $2,749, respectively) $ 3,131 $ 3,010