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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Investment securities:    
Debt securities, at fair value (amortized cost of $146,831 and $149,954, respectively) $ 146,710 $ 151,999
Equity securities, at fair value (cost of $21,942 and $16,912, respectively) 19,687 17,891
Short-term investments, at fair value 10,142 13,317
Total investments 176,539 183,207
Cash and cash equivalents 7,507 8,193
Premiums and agents' balances receivable, net 22,252 20,162
Receivable from Affiliate 8,940 8
Reinsurance recoverables on unpaid losses 23,056 24,218
Reinsurance recoverables on paid losses 4,340 2,138
Prepaid reinsurance premiums 4,225 1,316
Deferred policy acquisition costs 13,611 12,243
Other assets 8,465 10,112
Total assets 268,935 261,597
Liabilities:    
Unpaid losses and loss adjustment expenses 119,854 111,270
Unearned premiums 65,036 56,224
Reinsurance premiums payable 750  
Debt 34,486 40,997
Accounts payable and accrued expenses 6,701 8,693
Total liabilities 226,827 217,184
Commitments and contingencies 0 0
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 9,706,156 and 9,681,728 issued and outstanding, respectively) 92,659 92,486
Accumulated deficit (49,278) (48,985)
Accumulated other comprehensive income (loss) (1,273) 912
Total shareholders' equity 42,108 44,413
Total liabilities and shareholders' equity $ 268,935 $ 261,597