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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost: $422,255 in 2017; $413,526 in 2016) $ 425,191 $ 411,223
Equity securities available-for-sale, at fair value (cost: $45,916 in 2017; $14,350 in 2016) 54,132 18,374
Total investments 479,323 429,597
Cash and cash equivalents 81,747 50,752
Investment income due and accrued 3,077 2,293
Premiums receivable, net 19,787 16,984
Receivable from reinsurers 0 8,567
Reinsurance recoverables 49,593 70,317
Ceded unearned premiums 13,858 13,512
Deferred policy acquisition costs, net of ceding commissions 11,775 10,150
Intangible assets 3,538 3,538
Deferred income tax asset, net 2,492 6,605
Other assets 2,659 2,074
Total assets 667,849 614,389
Liabilities:    
Reserves for unpaid losses and loss adjustment expenses 315,717 264,801
Unearned premiums 103,110 89,344
Payable to reinsurers 3,226 4,090
Funds held for reinsurers 0 36,497
Accounts payable and accrued expenses 6,519 8,752
Other liabilities 1,088 691
Total liabilities 429,660 404,175
Commitments and Contingencies
Stockholders' equity:    
Common stock 210 210
Additional paid-in capital 155,082 153,353
Retained earnings 73,502 53,640
Accumulated other comprehensive income 9,395 3,011
Stockholders' equity 238,189 210,214
Total liabilities and stockholders' equity $ 667,849 $ 614,389