Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Investments:
Fixed income securities, at fair value (amortized cost of $32,872 and $26,793, respectively)	$ 32,706	$ 26,559
Equity investments, at fair value (cost of $1,000 for both periods)	1,151	1,136
Short-term investments, at cost	538	196
Other investments, at cost	805	505
Total investments	35,200	28,396
Cash and cash equivalents	37,141	43,045
Deferred policy acquisition costs, net	4,426	4,389
Premiums receivable, net of allowance for credit losses of $33 and $38, respectively	2,164	2,923
Ceded unearned premiums	5,377	4,847
Reinsurance recoverable on paid losses	1,136	444
Reinsurance recoverable on loss and loss adjustment expense reserves	4,469	3,652
Funds deposited with reinsured companies		500
Current income taxes recoverable	672	1,195
Deferred tax asset, net	268	420
Property and equipment, net	244	250
Other assets	732	788
Total assets	91,829	90,849
LIABILITIES
Loss and loss adjustment expense reserves	7,813	6,971
Unearned premium reserves	25,138	25,821
Ceded reinsurance premiums payable	4,970	5,229
Agency commissions payable	669	497
Premiums collected in advance	1,916	1,128
Funds held under reinsurance treaties	63	73
Accounts payable and other accrued expenses	2,034	2,065
Series B Preferred Shares, $25.00 par value, 1,000,000 shares authorized, 120,000 shares issued and outstanding for both periods	2,561	2,708
Total liabilities	45,164	44,492
Commitments and contingencies (Note 16)
SHAREHOLDERS' EQUITY
Common stock, $0.001 par value; 10,000,000 shares authorized; 6,108,125 shares issued and 5,956,766 shares outstanding for both periods	6	6
Additional paid-in capital	46,816	46,809
Retained earnings	862	616
Accumulated other comprehensive loss	(10)	(65)
Stockholders equity before treasury stock	47,674	47,366
Less: treasury stock at cost; 151,359 shares for both periods	(1,009)	(1,009)
Total shareholders' equity	46,665	46,357
Total liabilities and shareholders' equity	$ 91,829	$ 90,849