XML 14 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Investment securities:    
Debt securities, at fair value (amortized cost of $121,367 and $127,119, respectively) $ 105,996 $ 110,201
Equity securities, at fair value (cost of $2,282 and $1,905, respectively) 2,326 1,267
Short-term investments, at fair value 39,564 25,929
Total investments 147,886 137,397
Cash and cash equivalents 18,765 28,035
Premiums and agents' balances receivable, net 25,895 21,802
Reinsurance recoverables on unpaid losses 56,505 82,651
Reinsurance recoverables on paid losses 5,828 6,653
Prepaid reinsurance premiums 24,444 16,399
Deferred policy acquisition costs 9,500 10,290
Other assets 6,767 7,862
Total assets 296,523 312,350
Liabilities:    
Unpaid losses and loss adjustment expenses 145,004 165,539
Unearned premiums 78,468 67,887
Reinsurance premiums payable 12,023 6,144
Debt 34,031 33,876
Accounts payable and accrued expenses 10,140 19,954
Total liabilities 279,666 293,400
Commitments and contingencies
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 12,222,881 and 12,215,849 issued and outstanding, respectively) 98,013 97,913
Accumulated deficit (64,498) (60,760)
Accumulated other comprehensive income (loss) (16,658) (18,203)
Total shareholders' equity 16,857 18,950
Total liabilities and shareholders' equity 296,523 312,350
Affiliated Entity    
Investment securities:    
Receivable from Affiliate $ 933 $ 1,261