Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Fixed maturity securities:
Available-for-sale, at fair value (amortized cost: 2018 – $1,039,778; 2017 – $1,008,662)	$ 1,021,387	$ 1,016,098
Trading, at fair value (amortized cost: 2018 – $0; 2017 – $3,801)	0	3,808
Equity securities available-for-sale, at fair value (cost: 2018 – $77,995; 2017 – $75,318)	84,009	82,522
Bank loan participations held-for-investment, at amortized cost, net of allowance	253,689	238,214
Short-term investments	25,140	36,804
Other invested assets	76,813	70,208
Total invested assets	1,461,038	1,447,654
Cash and cash equivalents	267,367	163,495
Accrued investment income	9,502	8,381
Premiums receivable and agents’ balances, net	341,391	352,436
Reinsurance recoverable on unpaid losses	375,535	302,524
Reinsurance recoverable on paid losses	13,365	11,292
Prepaid reinsurance premiums	101,182	91,979
Deferred policy acquisition costs	65,462	72,365
Intangible assets, net	38,036	38,334
Goodwill	181,831	181,831
Other assets	82,667	86,404
Total assets	2,937,376	2,756,695
Liabilities:
Reserve for losses and loss adjustment expenses	1,468,353	1,292,349
Unearned premiums	417,771	418,114
Payables to reinsurers	69,812	56,268
Senior debt	98,300	98,300
Junior subordinated debt	104,055	104,055
Accrued expenses	40,342	39,295
Other liabilities	49,500	53,615
Total liabilities	2,248,133	2,061,996
Commitments and contingent liabilities
Shareholders’ equity:
Common Shares – 2018 and 2017: $0.0002 par value; 200,000,000 shares authorized; 29,917,821 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	641,290	636,149
Retained earnings	66,677	48,198
Accumulated other comprehensive (loss) income	(18,730)	10,346
Total shareholders’ equity	689,243	694,699
Total liabilities and shareholders’ equity	$ 2,937,376	$ 2,756,695