XML 14 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Investment securities:    
Debt securities, at fair value (amortized cost of $152,217 and $150,732, respectively) $ 144,035 $ 149,783
Equity securities, at fair value (cost of $11,652 and $10,972, respectively) 10,892 9,931
Short-term investments, at fair value 18,197 23,013
Total investments 173,124 182,727
Cash and cash equivalents 7,837 9,913
Premiums and agents' balances receivable, net 21,422 21,197
Receivable from Affiliate 5,117 5,784
Reinsurance recoverables on unpaid losses 40,605 40,344
Reinsurance recoverables on paid losses 2,287 1,347
Prepaid reinsurance premiums 14,434 8,301
Deferred policy acquisition costs 10,124 12,267
Other assets 9,981 8,524
Total assets 284,931 290,404
Liabilities:    
Unpaid losses and loss adjustment expenses 140,938 139,085
Unearned premiums 65,468 65,269
Reinsurance premiums payable 3,342 5,318
Debt 38,642 33,564
Accounts payable and accrued expenses 6,157 6,665
Total liabilities 254,547 249,901
Commitments and contingencies 0 0
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 9,707,817 issued and outstanding, respectively) 92,730 92,692
Accumulated deficit (52,949) (50,079)
Accumulated other comprehensive income (loss) (9,397) (2,110)
Total shareholders' equity 30,384 40,503
Total liabilities and shareholders' equity $ 284,931 $ 290,404