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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Investment securities:    
Debt securities, at fair value (amortized cost of $125,274 and $127,119, respectively) $ 110,633 $ 110,201
Equity securities, at fair value (cost of $2,369 and $1,905, respectively) 2,425 1,267
Short-term investments, at fair value 28,055 25,929
Total investments 141,113 137,397
Cash and cash equivalents 21,549 28,035
Premiums and agents' balances receivable, net 21,713 21,802
Receivable from Affiliate 1,245 1,261
Reinsurance recoverables on unpaid losses 61,101 82,651
Reinsurance recoverables on paid losses 9,023 6,653
Prepaid reinsurance premiums 21,929 16,399
Deferred policy acquisition costs 8,326 10,290
Other assets 7,172 7,862
Total assets 293,171 312,350
Liabilities:    
Unpaid losses and loss adjustment expenses 145,362 165,539
Unearned premiums 69,807 67,887
Reinsurance premiums payable 7,463 6,144
Debt 33,954 33,876
Accounts payable and accrued expenses 14,293 19,954
Total liabilities 270,879 293,400
Commitments and contingencies
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 12,215,849 issued and outstanding, respectively) 97,968 97,913
Accumulated deficit (59,759) (60,760)
Accumulated other comprehensive income (loss) (15,917) (18,203)
Total shareholders' equity 22,292 18,950
Total liabilities and shareholders' equity $ 293,171 $ 312,350