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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities available for sale, at fair value (amortized cost: $513,166 in 2022; $426,122 in 2021) $ 478,477 $ 432,682
Equity securities, at fair value (cost: $41,990 in 2022; $31,834 in 2021) 37,509 33,261
Total investments 515,986 465,943
Cash and cash equivalents 36,471 50,284
Restricted cash 37 87
Accrued investment income 3,221 2,725
Premium receivable 119,698 88,012
Deferred policy acquisition costs 55,731 55,953
Reinsurance recoverable on unpaid losses and loss adjustment expenses 107,898 127,947
Reinsurance recoverable on paid losses and loss adjustment expenses 24,748 29,368
Ceded unearned premiums 129,724 58,315
Prepaid expenses and other assets 40,519 37,072
Deferred tax assets, net 7,533  
Property and equipment, net 687 527
Intangible assets, net 8,888 9,501
Total assets 1,051,141 925,734
Liabilities:    
Accounts payable and other accrued liabilities 17,646 21,284
Reserve for losses and loss adjustment expenses 163,667 173,366
Unearned premiums 376,809 284,665
Ceded premium payable 85,592 37,460
Funds held under reinsurance treaty 6,362 10,882
Deferred tax liabilities, net   3,908
Borrowings from credit agreements 23,000  
Total liabilities 673,076 531,565
Stockholders' equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2022 and December 31, 2021
Common stock, $0.0001 par value, 500,000,000 shares authorized, 25,220,131 and 25,428,929 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 3 3
Additional paid-in capital 326,473 318,902
Accumulated other comprehensive income (loss) (27,216) 5,312
Retained earnings 78,805 69,952
Total stockholders' equity 378,065 394,169
Total liabilities and stockholders' equity $ 1,051,141 $ 925,734