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Consolidated Balance Sheets (Unaduited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Investment securities:    
Fixed maturity securities, at fair value (amortized cost of $114,717 and $113,915, respectively) $ 114,086 $ 113,163
Equity securities, at fair value (cost of $4,291 and $4,283, respectively) 4,773 4,579
Short-term investments, at fair value 14,967 10,788
Total investments 133,826 128,530
Cash 10,196 12,493
Premiums and agents' balances receivable, net 23,189 24,538
Receivable from affiliate 1,484 1,751
Reinsurance recoverables on unpaid losses 9,125 6,658
Reinsurance recoverables on paid losses 1,061 840
Ceded unearned premiums 3,806 4,120
Deferred policy acquisition costs 12,956 13,290
Other assets 12,323 11,481
Total assets 207,966 203,701
Liabilities:    
Unpaid losses and loss adjustment expenses 62,135 54,651
Unearned premiums 56,336 58,126
Senior debt 17,125 17,750
Accounts payable and accrued expenses 5,315 4,879
Other liabilities 482 501
Total liabilities 141,393 135,907
Commitments and contingencies 0 0
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 7,633,069 and 7,633,070 issued and outstanding, respectively) 80,585 80,342
Accumulated deficit (13,266) (11,468)
Accumulated other comprehensive income (loss) (746) (1,080)
Total shareholders' equity 66,573 67,794
Total liabilities and shareholders' equity $ 207,966 $ 203,701