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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Investment securities:    
Debt securities, at fair value (amortized cost of $132,889 and $135,370, respectively) $ 119,371 $ 122,113
Equity securities, at fair value (cost of $1,844 and $2,385, respectively) 1,660 2,354
Short-term investments, at fair value 23,339 20,838
Total investments 144,370 145,305
Cash and cash equivalents 9,697 11,125
Premiums and agents' balances receivable, net 30,583 29,369
Reinsurance recoverables on unpaid losses 74,358 70,807
Reinsurance recoverables on paid losses 8,614 12,619
Prepaid reinsurance premiums 13,494 28,908
Deferred policy acquisition costs 4,606 6,285
Other assets 6,038 6,339
Total assets 292,934 311,804
Liabilities:    
Unpaid losses and loss adjustment expenses 174,786 174,612
Unearned premiums 44,820 65,150
Reinsurance premiums payable 1,408 246
Debt 24,832 25,061
Funds held under reinsurance agreements 23,602 24,550
Premiums payable to other insureds 19,299 13,986
Accounts payable and accrued expenses 5,352 5,310
Total liabilities 294,099 308,915
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) 98,170 98,100
Accumulated deficit (90,559) (86,683)
Accumulated other comprehensive income (loss) (14,776) (14,528)
Total shareholders' equity (1,165) 2,889
Total liabilities and shareholders' equity 292,934 311,804
Affiliated Entity    
Investment securities:    
Receivable from Affiliate $ 1,174 $ 1,047