Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Assets
Debt securities, at fair value (amortized cost of $122,678 and $137,004, respectively)	$ 120,440	$ 136,536
Equity securities, at fair value (cost of $9,559 and $8,629, respectively)	10,737
Equity securities, at fair value (cost of $9,559 and $8,629, respectively)		9,687
Short-term investments, at fair value	8,925	11,427
Total investments	140,102	157,650
Cash	10,792	11,868
Premiums and agents' balances receivable, net	21,247	22,845
Receivable from Affiliate	3,582	1,195
Reinsurance recoverables on unpaid losses	29,685	20,066
Reinsurance recoverables on paid losses	5,060	4,473
Prepaid reinsurance premiums	1,829	1,081
Deferred policy acquisition costs	12,011	12,781
Other assets	8,444	7,073
Total assets	232,752	239,032
Liabilities:
Unpaid losses and loss adjustment expenses	92,807	87,896
Unearned premiums	52,852	57,672
Reinsurance premiums payable	0	3,299
Debt	33,502	29,027
Deferred gain on ADC	5,677	0
Accounts payable and accrued expenses	5,751	8,312
Total liabilities	190,589	186,206
Commitment and contingencies	0	0
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 8,478,202 and 8,520,328 issued and outstanding, respectively)	86,533	86,199
Accumulated deficit	(41,758)	(33,010)
Accumulated other comprehensive income (loss)	(2,612)	(363)
Total shareholders' equity	42,163	52,826
Total liabilities and shareholders' equity	$ 232,752	$ 239,032