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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investment securities:    
Debt securities, at fair value (amortized cost of $127,119 and $150,732, respectively) $ 110,201 $ 149,783
Equity securities, at fair value (cost of $1,905 and $10,972, respectively) 1,267 9,931
Short-term investments, at fair value 25,929 23,013
Total investments 137,397 182,727
Cash and cash equivalents 28,035 9,913
Premiums and agents' balances receivable, net 21,802 21,197
Receivable from Affiliate 1,261 5,784
Reinsurance recoverables on unpaid losses 82,651 40,344
Reinsurance recoverables on paid losses 6,653 1,347
Prepaid reinsurance premiums 16,399 8,301
Deferred policy acquisition costs 10,290 12,267
Other assets 7,862 8,524
Total assets 312,350 290,404
Liabilities:    
Unpaid losses and loss adjustment expenses 165,539 139,085
Unearned premiums 67,887 65,269
Reinsurance premium payable 6,144 5,318
Debt 33,876 33,564
Accounts payable and accrued expenses 19,954 6,665
Total liabilities 293,400 249,901
Commitments and contingencies 0 0
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 12,215,849 and 9,681,728 issued and outstanding, respectively) 97,913 92,692
Accumulated deficit (60,760) (50,079)
Accumulated other comprehensive income (loss) (18,203) (2,110)
Total shareholders' equity 18,950 40,503
Total liabilities and shareholders' equity $ 312,350 $ 290,404