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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Investment securities:    
Debt securities, at fair value (amortized cost of $150,732 and $149,954, respectively) $ 149,783 $ 151,999
Equity securities, at fair value (cost of $10,972 and $16,912, respectively) 9,931 17,891
Short-term investments, at fair value 23,013 13,317
Total investments 182,727 183,207
Cash and cash equivalents 9,913 8,193
Premiums and agents' balances receivable, net 21,197 20,162
Receivable from Affiliate 5,784 8
Reinsurance recoverables on unpaid losses 40,344 24,218
Reinsurance recoverables on paid losses 1,347 2,138
Prepaid reinsurance premiums 8,301 1,316
Deferred policy acquisition costs 12,267 12,243
Other assets 8,524 10,112
Total assets 290,404 261,597
Liabilities:    
Unpaid losses and loss adjustment expenses 139,085 111,270
Unearned premiums 65,269 56,224
Reinsurance premium payable 5,318  
Debt 33,564 40,997
Accounts payable and accrued expenses 6,665 8,693
Total liabilities 249,901 217,184
Commitments and contingencies 0 0
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 9,707,817 and 9,681,728 issued and outstanding, respectively) 92,692 92,486
Accumulated deficit (50,079) (48,985)
Accumulated other comprehensive income (loss) (2,110) 912
Total shareholders' equity 40,503 44,413
Total liabilities and shareholders' equity $ 290,404 $ 261,597