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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Investment securities:    
Debt securities, at fair value (amortized cost of $132,427 and $150,732, respectively) $ 119,207 $ 149,783
Equity securities, at fair value (cost of $1,433 and $10,972, respectively) 990 9,931
Short-term investments, at fair value 28,001 23,013
Total investments 148,198 182,727
Cash and cash equivalents 13,148 9,913
Premiums and agents' balances receivable, net 24,701 21,197
Receivable from Affiliate 5,216 5,784
Reinsurance recoverables on unpaid losses 37,769 40,344
Reinsurance recoverables on paid losses 4,479 1,347
Prepaid reinsurance premiums 15,381 8,301
Deferred policy acquisition costs 10,747 12,267
Other assets 15,416 8,524
Total assets 275,055 290,404
Liabilities:    
Unpaid losses and loss adjustment expenses 140,996 139,085
Unearned premiums 69,104 65,269
Reinsurance premiums payable 3,711 5,318
Debt 33,720 33,564
Accounts payable and accrued expenses 10,547 6,665
Total liabilities 258,078 249,901
Commitments and contingencies 0 0
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 9,715,324 and 9,707,817 issued and outstanding, respectively) 92,799 92,692
Accumulated deficit (61,348) (50,079)
Accumulated other comprehensive income (loss) (14,474) (2,110)
Total shareholders' equity 16,977 40,503
Total liabilities and shareholders' equity $ 275,055 $ 290,404