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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Investment securities:    
Debt securities, at fair value (amortized cost of $148,434 and $149,954, respectively) $ 147,629 $ 151,999
Equity securities, at fair value (cost of $19,217 and $16,912, respectively) 19,638 17,891
Short-term investments, at fair value 12,710 13,317
Total investments 179,977 183,207
Cash and cash equivalents 4,429 8,193
Premiums and agents' balances receivable, net 19,328 20,162
Reinsurance recoverables on unpaid losses 26,559 24,218
Reinsurance recoverables on paid losses 3,923 2,138
Prepaid reinsurance premiums 3,653 1,316
Deferred policy acquisition costs 12,459 12,243
Other assets 9,359 10,120
Total assets 259,687 261,597
Liabilities:    
Unpaid losses and loss adjustment expenses 118,676 111,270
Unearned premiums 58,350 56,224
Debt 39,075 40,997
Accounts payable and accrued expenses 6,610 8,693
Total liabilities 222,711 217,184
Commitments and contingencies 0 0
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 9,681,728 issued and outstanding, respectively) 92,552 92,486
Accumulated deficit (53,621) (48,985)
Accumulated other comprehensive income (loss) (1,955) 912
Total shareholders' equity 36,976 44,413
Total liabilities and shareholders' equity $ 259,687 $ 261,597