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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities available for sale, at fair value (amortized cost: $397,955 in 2021; $381,279 in 2020) $ 408,046 $ 397,987
Equity securities, at fair value (cost: $17,829 in 2021; $22,291 in 2020) 17,358 24,322
Total investments 425,404 422,309
Cash and cash equivalents 41,405 33,538
Restricted cash 229 248
Accrued investment income 2,506 2,545
Premium receivable 75,543 48,842
Deferred policy acquisition costs 53,995 35,481
Reinsurance recoverable on unpaid losses and loss adjustment expenses 129,044 94,566
Reinsurance recoverable on paid losses and loss adjustment expenses 54,431 10,162
Ceded unearned premiums 42,949 35,031
Prepaid expenses and other assets 40,212 34,119
Property and equipment, net 578 739
Intangible assets, net 10,512 11,512
Total assets 876,808 729,092
Liabilities:    
Accounts payable and other accrued liabilities 21,551 20,730
Reserve for losses and loss adjustment expenses 175,687 129,036
Unearned premiums 257,667 183,489
Ceded premium payable 32,426 22,233
Funds held under reinsurance treaty 7,282 4,515
Deferred tax liabilities, net 4,418 5,376
Total liabilities 499,031 365,379
Stockholders' equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2021 and December 31, 2020
Common stock, $0.0001 par value, 500,000,000 shares authorized, 25,415,299 and 25,525,796 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 3 3
Additional paid-in capital 316,352 310,507
Accumulated other comprehensive income 8,102 13,246
Retained earnings 53,320 39,957
Total stockholders' equity 377,777 363,713
Total liabilities and stockholders' equity $ 876,808 $ 729,092