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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Investment securities:    
Debt securities, at fair value (amortized cost of $129,372 and $150,732, respectively) $ 111,847 $ 149,783
Equity securities, at fair value (cost of $1,906 and $10,972, respectively) 1,312 9,931
Short-term investments, at fair value 30,562 23,013
Total investments 143,721 182,727
Cash and cash equivalents 35,413 9,913
Premiums and agents' balances receivable, net 21,856 21,197
Receivable from Affiliate 5,862 5,784
Reinsurance recoverables on unpaid losses 41,749 40,344
Reinsurance recoverables on paid losses 2,489 1,347
Prepaid reinsurance premiums 15,333 8,301
Deferred policy acquisition costs 10,483 12,267
Other assets 9,096 8,524
Total assets 286,002 290,404
Liabilities:    
Unpaid losses and loss adjustment expenses 144,557 139,085
Unearned premiums 67,792 65,269
Reinsurance premiums payable 3,352 5,318
Debt 48,298 33,564
Accounts payable and accrued expenses 5,838 6,665
Total liabilities 269,837 249,901
Commitments and contingencies 0 0
Shareholders' equity:    
Common stock, no par value (100,000,000 shares authorized; 12,215,324 and 9,707,817 issued and outstanding, respectively) 97,857 92,692
Accumulated deficit (62,871) (50,079)
Accumulated other comprehensive income (loss) (18,821) (2,110)
Total shareholders' equity 16,165 40,503
Total liabilities and shareholders' equity $ 286,002 $ 290,404