Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Fixed income securities, available-for-sale at fair value (amortized cost $1,999,403 in 2019 and $1,729,755 in 2018)	$ 2,040,682	$ 1,693,382
Commercial levered loans at amortized cost (fair value $13,950 in 2019 and $15,858 in 2018)	14,069	16,915
Limited partnerships and limited liability companies at fair value (cost $62,226 in 2019 and $51,903 in 2018)	66,660	53,432
Short-term investments	43,873	36,661
Total investments	2,165,284	1,800,390
Cash and cash equivalents	17,284	22,279
Restricted cash	10,213	7,621
Accrued investment income	13,610	12,279
Premiums and other receivables, net	190,004	200,347
Receivable from reinsurers on paid losses	3,481	12,428
Reinsurance receivables on unpaid losses	193,952	185,295
Deferred policy acquisition costs	98,812	93,613
Prepaid reinsurance premiums	42,861	44,626
Net deferred income taxes	4,803	33,239
Goodwill and net intangible assets	29,189	29,219
Fixed assets and capitalized software, net	37,167	39,001
Funds withheld related to sale of affiliate	19,453	19,397
Other assets	29,537	57,653
Assets of discontinued operations	21,584	19,719
Total assets	2,877,234	2,577,106
Liabilities
Reserve for unpaid losses and loss adjustment expenses	1,521,648	1,396,812
Reserve for unearned premiums	483,223	435,933
Ceded reinsurance payable	17,768	13,281
Notes payable, net of debt issuance costs	164,693	182,355
Funds held under reinsurance agreements	58,855	63,165
Other liabilities	56,438	73,474
Liabilities of discontinued operations	31,578	22,256
Total liabilities	2,334,203	2,187,276
Stockholders’ equity
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.01 par value; 200,000,000 shares authorized; 43,071,186 and 38,864,289 shares issued, 43,058,266 and 38,851,369 shares outstanding in 2019 and 2018, respectively	431	389
Additional paid in capital	661,761	607,260
Accumulated other comprehensive income (loss)	37,453	(22,315)
Retained deficit	(156,414)	(195,304)
Treasury shares - at cost (12,920 shares)	(200)	(200)
Total stockholders’ equity	543,031	389,830
Total liabilities and stockholders’ equity	$ 2,877,234	$ 2,577,106