Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Invested assets:
Fixed maturity securities, available-for-sale, at fair value (amortized cost: 2019 – $1,302,946; 2018 – $1,199,409)	$ 1,332,042	$ 1,184,202
Equity securities, at fair value (cost: 2019 – $80,846; 2018 – $77,152)	87,528	78,385
Bank loan participations held-for-investment, at amortized cost, net of allowance	251,472	260,972
Short-term investments	24,463	81,966
Other invested assets	70,419	72,321
Total invested assets	1,765,924	1,677,846
Cash and cash equivalents	169,125	172,457
Accrued investment income	13,073	11,110
Premiums receivable and agents’ balances, net	398,514	307,899
Reinsurance recoverable on unpaid losses	545,404	467,371
Reinsurance recoverable on paid losses	39,777	18,344
Prepaid reinsurance premiums	143,172	112,498
Deferred policy acquisition costs	58,294	54,450
Intangible assets, net	37,239	37,537
Goodwill	181,831	181,831
Other assets	98,754	95,433
Total assets	3,451,107	3,136,776
Liabilities:
Reserve for losses and loss adjustment expenses	1,783,334	1,661,459
Unearned premiums	474,430	386,473
Payables to reinsurers	104,882	61,662
Senior debt	98,300	118,300
Junior subordinated debt	104,055	104,055
Accrued expenses	52,846	51,792
Other liabilities	42,210	43,794
Total liabilities	2,660,057	2,427,535
Commitments and contingent liabilities
Shareholders’ equity:
Common Shares – 2019 and 2018: $0.0002 par value; 200,000,000 shares authorized; 30,330,675 and 29,988,460 shares issued and outstanding, respectively	6	6
Preferred Shares – 2019 and 2018: $0.00125 par value; 20,000,000 shares authorized; no shares issued and outstanding	0	0
Additional paid-in capital	653,151	645,310
Retained earnings	112,729	79,753
Accumulated other comprehensive income (loss)	25,164	(15,828)
Total shareholders’ equity	791,050	709,241
Total liabilities and shareholders’ equity	$ 3,451,107	$ 3,136,776