Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fixed maturity securities:
Available-for-sale, at fair value (amortized cost: 2018 – $1,054,902; 2017 – $1,008,662)	$ 1,043,251	$ 1,016,098
Trading, at fair value (amortized cost: 2018 – $3,800; 2017 – $3,801)	3,805	3,808
Equity securities available-for-sale, at fair value (cost: 2018 – $80,464; 2017 – $75,318)	85,957	82,522
Bank loan participations held-for-investment, at amortized cost, net of allowance	257,426	238,214
Short-term investments	26,235	36,804
Other invested assets	74,974	70,208
Total invested assets	1,491,648	1,447,654
Cash and cash equivalents	151,046	163,495
Accrued investment income	8,713	8,381
Premiums receivable and agents’ balances, net	391,456	352,436
Reinsurance recoverable on unpaid losses	331,245	302,524
Reinsurance recoverable on paid losses	16,501	11,292
Prepaid reinsurance premiums	96,141	91,979
Deferred policy acquisition costs	70,769	72,365
Intangible assets, net	38,185	38,334
Goodwill	181,831	181,831
Other assets	84,475	86,404
Total assets	2,862,010	2,756,695
Liabilities:
Reserve for losses and loss adjustment expenses	1,369,548	1,292,349
Unearned premiums	432,248	418,114
Payables to reinsurers	59,138	56,268
Senior debt	98,300	98,300
Junior subordinated debt	104,055	104,055
Accrued expenses	35,138	39,295
Other liabilities	77,813	53,615
Total liabilities	2,176,240	2,061,996
Commitments and contingent liabilities
Shareholders’ equity:
Common Shares – 2018 and 2017: $0.0002 par value; 200,000,000 shares authorized; 29,866,705 and 29,696,682 shares issued and outstanding, respectively	6	6
Preferred Shares – 2018 and 2017: $0.00125 par value; 20,000,000 shares authorized; no shares issued and outstanding	0	0
Additional paid-in capital	639,183	636,149
Retained earnings	58,753	48,198
Accumulated other comprehensive (loss) income	(12,172)	10,346
Total shareholders’ equity	685,770	694,699
Total liabilities and shareholders’ equity	$ 2,862,010	$ 2,756,695