Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Investment securities:
Debt securities, at fair value (amortized cost of $119,499 and $127,119, respectively)	$ 101,745	$ 110,201
Equity securities, at fair value (cost of $2,387 and $1,905, respectively)	2,345	1,267
Short-term investments, at fair value	40,523	25,929
Total investments	144,613	137,397
Cash and cash equivalents	14,361	28,035
Premiums and agents' balances receivable, net	24,512	21,802
Reinsurance recoverables on unpaid losses	46,766	82,651
Reinsurance recoverables on paid losses	6,959	6,653
Prepaid reinsurance premiums	43,132	16,399
Deferred policy acquisition costs	5,737	10,290
Other assets	6,474	7,862
Total assets	293,443	312,350
Liabilities:
Unpaid losses and loss adjustment expenses	139,214	165,539
Unearned premiums	78,865	67,887
Reinsurance premiums payable	4,727	6,144
Debt	25,264	33,876
Funds held under reinsurance agreements	26,541	11,084
Accounts payable and accrued expenses	7,041	8,870
Total liabilities	281,652	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)	98,057	97,913
Accumulated deficit	(67,204)	(60,760)
Accumulated other comprehensive income (loss)	(19,062)	(18,203)
Total shareholders' equity	11,791	18,950
Total liabilities and shareholders' equity	293,443	312,350
Affiliated Entity
Investment securities:
Receivable from Affiliate	$ 889	$ 1,261