Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Invested assets:
Fixed maturity securities, available-for-sale, at fair value (amortized cost: 2020 – $1,724,561; 2019 – $1,398,533)	$ 1,813,471	$ 1,433,626
Equity securities, at fair value (cost:  2020 – $79,300; 2019 – $73,244)	79,896	80,735
Bank loan participations (2020: at fair value; 2019: held-for-investment, at amortized cost, net of allowance)	131,198
Bank loan participations (2020: at fair value; 2019: held-for-investment, at amortized cost, net of allowance)		260,864
Short-term investments	71,986	156,925
Other invested assets	45,621	61,210
Total invested assets	2,142,172	1,993,360
Cash and cash equivalents	139,969	206,912
Restricted cash equivalents	940,221	1,199,164
Accrued investment income	11,730	13,597
Premiums receivable and agents’ balances, net	331,008	369,462
Reinsurance recoverable on unpaid losses, net	769,815	668,045
Reinsurance recoverable on paid losses	36,591	33,221
Prepaid reinsurance premiums	237,544	178,976
Deferred policy acquisition costs	53,967	62,006
Intangible assets, net	36,493	36,940
Goodwill	181,831	181,831
Other assets	103,012	80,891
Total assets	4,984,353	5,024,405
Liabilities:
Reserve for losses and loss adjustment expenses	2,106,749	2,045,506
Unearned premiums	581,098	524,377
Payables to reinsurers	109,727	108,059
Funds held	940,221	1,199,164
Senior debt	217,300	158,300
Junior subordinated debt	104,055	104,055
Accrued expenses	54,907	58,416
Other liabilities	48,890	47,947
Total liabilities	4,162,947	4,245,824
Commitments and contingent liabilities	0	0
Shareholders’ equity:
Common Shares – 2020 and 2019: $0.0002 par value; 200,000,000 shares authorized; 30,610,153 and 30,424,391 shares issued and outstanding, respectively	6	6
Preferred Shares – 2020 and 2019: $0.00125 par value; 20,000,000 shares authorized; no shares issued and outstanding	0	0
Additional paid-in capital	664,092	657,875
Retained earnings	78,761	89,586
Accumulated other comprehensive income	78,547	31,114
Total shareholders’ equity	821,406	778,581
Total liabilities and shareholders’ equity	$ 4,984,353	$ 5,024,405