CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Fixed maturities, available-for-sale, at fair value (amortized cost 2020 - $1,422,298; 2019 - $1,813,426)	$ 1,439,563	$ 1,835,518
Other investments	36,054	31,748
Total investments	1,475,617	1,867,266
Cash and cash equivalents	56,583	48,197
Restricted cash and cash equivalents	80,870	59,081
Accrued investment income	11,868	18,331
Reinsurance balances receivable, net (includes $923 from related parties in 2020)	13,268	12,181
Reinsurance recoverable on unpaid losses	617,496	623,422
Loan to related party	167,975	167,975
Deferred commission and other acquisition expenses (includes $56,159 and $68,433 from related parties in 2020 and 2019, respectively)	63,533	77,356
Funds withheld receivable (includes $668,188 and $632,305 from related parties in 2020 and 2019, respectively)	715,623	684,441
Other assets	10,603	9,946
Total assets	3,213,436	3,568,196
LIABILITIES
Reserve for loss and loss adjustment expenses (includes $1,920,745 and $2,272,418 from related parties in 2020 and 2019, respectively)	2,071,222	2,439,907
Unearned premiums (includes $156,869 and $189,797 from related parties in 2020 and 2019, respectively)	182,121	220,269
Deferred gain on retroactive reinsurance	111,540	112,950
Liability for securities purchased	44,996	0
Accrued expenses and other liabilities (includes $8,137 and $20,049 from related parties in 2020 and 2019, respectively)	17,802	32,444
Senior notes - principal amount	262,500	262,500
Less: unamortized debt issuance costs	7,484	7,592
Senior notes, net	255,016	254,908
Total liabilities	2,682,697	3,060,478
Commitments and Contingencies
EQUITY
Preference shares	465,000	465,000
Common shares ($0.01 par value; 89,732,851 and 88,161,638 shares issued in 2020 and 2019, respectively; 84,718,837 and 83,148,458 shares outstanding in 2020 and 2019, respectively)	897	882
Additional paid-in capital	752,896	751,327
Accumulated other comprehensive income	9,201	17,836
Accumulated deficit	(665,721)	(695,794)
Treasury shares, at cost (5,014,014 and 5,013,180 shares in 2020 and 2019, respectively)	(31,534)	(31,533)
Total shareholders’ equity	530,739	507,718
Total liabilities and equity	$ 3,213,436	$ 3,568,196