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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Investments:    
Fixed income securities, at fair value (amortized cost of $40,272 and $26,793, respectively) $ 40,203 $ 26,559
Equity investments, at fair value (cost of $1,182 and $1,000, respectively) 1,258 1,136
Short-term investments, at cost 1,459 196
Other investments, at cost 945 505
Total investments 43,865 28,396
Cash and cash equivalents 35,133 43,045
Deferred policy acquisition costs, net 5,545 4,389
Premiums receivable, net of allowance for credit losses of $32 and $38, respectively 2,263 2,923
Ceded unearned premiums 4,060 4,847
Reinsurance recoverable on paid losses 4,539 444
Reinsurance recoverable on loss and loss adjustment expense reserves 6,012 3,652
Funds deposited with reinsured companies   500
Current income taxes recoverable 47 1,195
Deferred tax asset, net 247 420
Property and equipment, net 226 250
Other assets 768 788
Total assets 102,705 90,849
LIABILITIES    
Loss and loss adjustment expense reserves 9,583 6,971
Unearned premium reserves 29,913 25,821
Ceded reinsurance premiums payable 6,304 5,229
Agency commissions payable 921 497
Premiums collected in advance 2,226 1,128
Funds held under reinsurance treaties 50 73
Accounts payable and other accrued expenses 3,451 2,065
Series B Preferred Shares, $25.00 par value, 1,000,000 shares authorized, 120,000 shares issued and outstanding for both periods 2,651 2,708
Total liabilities 55,099 44,492
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 46,822 46,809
Retained earnings 1,783 616
Accumulated other comprehensive income (loss) 4 (65)
[StockholdersEquityBeforeTreasuryStock] 48,615 47,366
Less: treasury stock at cost; 151,359 shares for both periods (1,009) (1,009)
Total shareholders' equity 47,606 46,357
Total liabilities and shareholders' equity $ 102,705 $ 90,849