Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investment securities:
Debt securities, at fair value (amortized cost of $124,046 and $122,678, respectively)	$ 125,704	$ 120,440
Equity securities, at fair value (cost of $6,546 and $9,559, respectively)	7,000	10,737
Short-term investments, at fair value	3,508	8,925
Total investments	136,212	140,102
Cash and cash equivalents	30,854	10,792
Premiums and agents' balances receivable, net	18,735	21,247
Receivable from Affiliate	427	3,582
Reinsurance recoverables on unpaid losses	16,862	29,685
Reinsurance recoverables on paid losses	7,659	5,060
Prepaid reinsurance premiums	3,521	1,829
Deferred policy acquisition costs	12,879	12,011
Other assets	11,341	8,444
Total assets	238,490	232,752
Liabilities:
Unpaid losses and loss adjustment expenses	97,337	92,807
Unearned premiums	52,721	52,852
Debt	33,743	33,502
Deferred gain on ADC	0	5,677
Accounts payable and accrued expenses	9,207	5,751
Total liabilities	193,008	190,589
Commitments and contingencies	0	0
Shareholders' equity:
Common stock, no par value (100,000,000 shares authorized; 9,588,873 and 8,478,202 issued and outstanding, respectively)	91,578	86,533
Accumulated deficit	(46,552)	(41,758)
Accumulated other comprehensive income (loss)	456	(2,612)
Total shareholders' equity	45,482	42,163
Total liabilities and shareholders' equity	$ 238,490	$ 232,752