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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities available for sale, at fair value (amortized cost: $270,852 in 2020; $211,278 in 2019) $ 282,855 $ 217,151
Equity securities, at fair value (cost: $35,577 in 2020; $21,336 in 2019) 37,649 22,328
Total investments 320,504 239,479
Cash and cash equivalents 109,323 33,119
Restricted cash 619 230
Accrued investment income 2,014 1,386
Premium receivable 44,626 36,237
Deferred policy acquisition costs 30,135 25,201
Reinsurance recoverable on unpaid losses and loss adjustment expenses 17,129 12,952
Reinsurance recoverable on paid losses and loss adjustment expenses 7,549 4,303
Ceded unearned premiums 24,298 26,105
Prepaid expenses and other assets 26,318 14,861
Property and equipment, net 791 845
Intangible assets 744 744
Total assets 584,050 395,462
Liabilities:    
Accounts payable and other accrued liabilities 10,469 13,555
Reserve for losses and loss adjustment expenses 24,216 16,821
Unearned premiums 150,048 130,373
Ceded premium payable 10,575 11,383
Funds held under reinsurance treaty 2,420 1,658
Income and excise taxes payable 6,620 1,117
Deferred tax liabilities, net 4,459 1,999
Total liabilities 208,807 176,906
Stockholders' equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized as of June 30, 2020 and December 31, 2019, respectively, 0 shares issued and outstanding as of June 30, 2020 and December 31, 2019
Common stock, $0.0001 par value, 500,000,000 shares authorized, 25,468,321 and 23,468,750 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 2 2
Additional paid-in capital 308,071 180,012
Accumulated other comprehensive income 9,529 4,686
Retained earnings 57,641 33,856
Total stockholders' equity 375,243 218,556
Total liabilities and stockholders' equity $ 584,050 $ 395,462