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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Investment securities:    
Debt securities, at fair value (amortized cost of $124,599 and $122,678, respectively) $ 124,057 $ 120,440
Equity securities, at fair value (cost of $9,594 and $9,559, respectively) 12,038 10,737
Short-term investments, at fair value 8,069 8,925
Total investments 144,164 140,102
Cash and cash equivalents 10,411 10,792
Premiums and agents' balances receivable, net 18,684 21,247
Receivable from Affiliate 2,279 3,582
Reinsurance recoverables on unpaid losses 24,551 29,685
Reinsurance recoverables on paid losses 9,567 5,060
Prepaid reinsurance premiums 3,659 1,829
Deferred policy acquisition costs 12,153 12,011
Other assets 12,680 8,444
Total assets 238,148 232,752
Liabilities:    
Unpaid losses and loss adjustment expenses 93,966 92,807
Unearned premiums 51,519 52,852
Debt 34,583 33,502
Deferred gain on ADC 3,394 5,677
Accounts payable and other liabilities 11,771 5,751
Total liabilities 195,233 190,589
Commitments and contingencies 0 0
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 8,353,051 and 8,478,202 issued and outstanding, respectively) 86,268 86,533
Accumulated deficit (42,438) (41,758)
Accumulated other comprehensive income (loss) (915) (2,612)
Total shareholders' equity 42,915 42,163
Total liabilities and shareholders' equity $ 238,148 $ 232,752