CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Investments, available-for-sale at fair value (amortized cost of $125,019 and $128,304, respectively)	$ 130,898	$ 131,582
Cash and cash equivalents	128,906	115,587
Premiums, fees, and commissions receivable, net of allowance of $409 and $454	93,123	69,881
Deferred tax assets, net	20,358	18,301
Other investments	10,286	11,256
Other assets	6,719	6,950
Property and equipment, net	5,065	5,141
Deferred acquisition costs	6,502	5,509
Goodwill	29,429	29,429
Identifiable intangible assets, net	8,253	8,491
TOTAL ASSETS	439,539	402,127
LIABILITIES AND STOCKHOLDERS’ EQUITY
Loss and loss adjustment expense reserves	132,650	122,071
Unearned premiums and fees	109,757	83,426
Debentures payable	40,268	40,256
Term loan from principal stockholder	29,760	29,753
Accrued expenses	7,356	7,345
Other liabilities	19,855	15,606
Total liabilities	$ 339,646	$ 298,457
Stockholders’ equity:
Preferred stock, $.01 par value, 10,000 shares authorized
Common stock, $.01 par value, 75,000 shares authorized; 41,060 issued and outstanding	$ 411	$ 411
Additional paid-in capital	457,513	457,476
Accumulated other comprehensive income, net of tax of $973 and $62, respectively	5,182	3,491
Accumulated deficit	(363,213)	(357,708)
Total stockholders’ equity	99,893	103,670
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 439,539	$ 402,127