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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Investment securities:    
Debt securities, at fair value (amortized cost of $134,219 and $135,370, respectively) $ 120,534 $ 122,113
Equity securities, at fair value (cost of $2,374 and $2,385, respectively) 2,387 2,354
Short-term investments, at fair value 23,724 20,838
Total investments 146,645 145,305
Cash and cash equivalents 17,316 11,125
Premiums and agents' balances receivable, net 24,056 29,369
Reinsurance recoverables on unpaid losses 73,807 70,807
Reinsurance recoverables on paid losses 5,075 12,619
Prepaid reinsurance premiums 20,486 28,908
Deferred policy acquisition costs 5,663 6,285
Other assets 6,875 6,339
Total assets 301,078 311,804
Liabilities:    
Unpaid losses and loss adjustment expenses 175,826 174,612
Unearned premiums 55,231 65,150
Reinsurance premiums payable 2,399 246
Debt 24,946 25,061
Funds held under reinsurance agreements 24,211 24,550
Premiums payable to other insureds 8,840 13,986
Accounts payable and accrued expenses 7,066 5,310
Total liabilities 298,519 308,915
Commitments and contingencies
Shareholders' equity:    
Preferred stock, no par value (10,000,000 shares authorized; 1,000 issued and outstanding, respectively) 6,000 6,000
Common stock, no par value (100,000,000 shares authorized; 12,222,881 issued and outstanding, respectively) 98,132 98,100
Accumulated deficit (86,609) (86,683)
Accumulated other comprehensive income (loss) (14,964) (14,528)
Total shareholders' equity 2,559 2,889
Total liabilities and shareholders' equity 301,078 311,804
Affiliated Entity    
Investment securities:    
Receivable from Affiliate $ 1,155 $ 1,047