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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Investment securities:    
Debt securities, at fair value (amortized cost of $148,699 and $149,954, respectively) $ 149,188 $ 151,999
Equity securities, at fair value (cost of $20,080 and $16,912, respectively) 19,994 17,891
Short-term investments, at fair value 11,435 13,317
Total investments 180,617 183,207
Cash and cash equivalents 4,668 8,193
Premiums and agents' balances receivable, net 22,887 20,162
Receivable from Affiliate 9,002 8
Reinsurance recoverables on unpaid losses 22,824 24,218
Reinsurance recoverables on paid losses 3,269 2,138
Prepaid reinsurance premiums 4,964 1,316
Deferred policy acquisition costs 13,121 12,243
Other assets 8,383 10,112
Total assets 269,735 261,597
Liabilities:    
Unpaid losses and loss adjustment expenses 117,852 111,270
Unearned premiums 63,103 56,224
Debt 37,153 40,997
Accounts payable and accrued expenses 7,743 8,693
Total liabilities 225,851 217,184
Commitments and contingencies 0 0
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 9,689,421 and 9,681,728 issued and outstanding, respectively) 92,612 92,486
Accumulated deficit (48,069) (48,985)
Accumulated other comprehensive income (loss) (659) 912
Total shareholders' equity 43,884 44,413
Total liabilities and shareholders' equity $ 269,735 $ 261,597