Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Invested assets:
Fixed maturity securities, available-for-sale, at fair value (amortized cost: 2022 – $1,726,202; 2021 – $1,643,865)	$ 1,662,278	$ 1,677,561
Equity securities, at fair value (cost: 2022 – $93,089; 2021 – $95,783)	102,973	108,410
Bank loan participations, at fair value	159,084	156,043
Short-term investments	147,334	136,563
Other invested assets	53,298	51,908
Total invested assets	2,124,967	2,130,485
Cash and cash equivalents	270,195	190,123
Restricted cash equivalents	102,009	102,005
Accrued investment income	11,730	11,037
Premiums receivable and agents’ balances, net	367,991	393,967
Reinsurance recoverable on unpaid losses, net	1,617,884	1,348,628
Reinsurance recoverable on paid losses	87,595	82,235
Prepaid reinsurance premiums	284,686	291,498
Deferred policy acquisition costs	66,028	68,526
Intangible assets, net	35,948	36,039
Goodwill	181,831	181,831
Other assets	116,354	112,176
Total assets	5,267,218	4,948,550
Liabilities:
Reserve for losses and loss adjustment expenses	2,750,188	2,748,473
Unearned premiums	706,770	727,552
Payables to reinsurers	127,012	135,617
Funds held	371,853	97,360
Senior debt	222,300	262,300
Junior subordinated debt	104,055	104,055
Accrued expenses	48,229	57,920
Other liabilities	144,236	89,911
Total liabilities	4,474,643	4,223,188
Commitments and contingent liabilities
Series A redeemable preferred shares – 2022 and 2021: $0.00125 par value; 20,000,000 shares authorized; 150,000 and no shares issued and outstanding, respectively	144,898	0
Shareholders’ equity:
Common shares – 2022 and 2021: $0.0002 par value; 200,000,000 shares authorized; 37,448,314 and 37,373,066 shares issued and outstanding, respectively	7	7
Additional paid-in capital	862,904	862,040
Retained deficit	(159,241)	(166,663)
Accumulated other comprehensive (loss) income	(55,993)	29,978
Total shareholders’ equity	647,677	725,362
Total liabilities, Series A redeemable preferred shares, and shareholders’ equity	$ 5,267,218	$ 4,948,550