Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fixed maturity securities:
Available-for-sale, at fair value (amortized cost: 2015 - $897,445; 2014 - $737,916)	$ 899,660	$ 756,963
Trading, at fair value (amortized cost: 2015 - $5,053; 2014 - $7,324)	5,046	7,388
Equity securities available-for-sale, at fair value (cost: 2015 - $69,830; 2014 - $64,348)	74,111	67,905
Bank loan participations held-for-investment, at amortized cost, net of allowance	191,700	239,511
Short-term investments	19,270	131,856
Other invested assets	54,504	33,622
Total invested assets	1,244,291	1,237,245
Cash and cash equivalents	106,406	73,383
Accrued investment income	8,068	7,273
Premiums receivable and agents' balances, net	176,685	162,527
Reinsurance recoverable on unpaid losses	131,788	127,254
Reinsurance recoverable on paid losses	11,298	1,725
Prepaid reinsurance premiums	44,146	29,445
Deferred policy acquisition costs	60,754	60,202
Intangible assets, net	39,528	40,125
Goodwill	181,831	181,831
Income tax receivable	2,094	4,198
Deferred tax assets, net	468	451
Other assets	48,140	33,633
Total assets	2,055,497	1,959,292
Liabilities:
Reserve for losses and loss adjustment expenses	785,322	716,296
Unearned premiums	301,104	277,579
Payables to reinsurers	19,867	19,272
Senior debt	88,300	88,300
Junior subordinated debt	104,055	104,055
Accrued expenses	29,476	31,107
Other liabilities	46,335	34,762
Total liabilities	$ 1,374,459	$ 1,271,371
Commitments and contingent liabilities
Shareholders' equity:
Common Shares - $0.0002 par value; 200,000,000 shares authorized. 2015 and 2014: 28,941,547 and 28,540,350 shares issued and outstanding, respectively	$ 6	$ 6
Preferred Shares - 2015 and 2014: $0.00125 par value; 20,000,000 shares authorized; no shares issued and outstanding
Additional paid-in capital	$ 630,820	$ 628,236
Retained earnings	47,026	41,323
Accumulated other comprehensive income	3,186	18,356
Total shareholders' equity	681,038	687,921
Total liabilities and shareholders' equity	$ 2,055,497	$ 1,959,292