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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Investment securities:    
Debt securities, at fair value (amortized cost of $125,257 and $135,370, respectively) $ 115,161 $ 122,113
Equity securities, at fair value (cost of $1,838 and $2,385, respectively) 1,625 2,354
Short-term investments, at fair value 21,255 20,838
Total investments 138,041 145,305
Cash and cash equivalents 32,389 10,663
Premiums and agents' balances receivable, net 12,753 29,364
Reinsurance recoverables on unpaid losses 65,860 70,807
Reinsurance recoverables on paid losses 12,919 12,619
Prepaid reinsurance premiums 9,545 28,908
Deferred policy acquisition costs 6,590 6,405
Receivable from contingent considerations 12,924 0
Other assets 8,831 7,036
Assets from discontinued operations 0 3,452
Total assets 299,852 315,606
Liabilities:    
Unpaid losses and loss adjustment expenses 160,905 174,612
Unearned premiums 36,628 65,150
Reinsurance premiums payable 0 246
Debt 16,473 25,061
Funds held under reinsurance agreements 23,495 24,550
Premiums payable to other insureds 0 13,986
Liabilities from discontinued operations 0 4,083
Accounts payable and other liabilities 13,300 5,029
Total liabilities 250,801 312,717
Commitments and contingencies
Shareholders' equity:    
Preferred stock, no par value (10,000,000 shares authorized; 0 and 1,000 issued and outstanding, respectively) 0 6,000
Common stock, no par value (100,000,000 shares authorized; 12,222,881 issued and outstanding, respectively) 98,162 98,100
Accumulated deficit (37,771) (86,683)
Accumulated other comprehensive income (loss) (11,340) (14,528)
Total shareholders' equity 49,051 2,889
Total liabilities and shareholders' equity 299,852 315,606
Affiliated Entity    
Investment securities:    
Receivable from Affiliate $ 0 $ 1,047