CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Investments, available-for-sale at fair value (amortized cost of $119,780 and $128,304, respectively)	$ 122,646	$ 131,582
Cash, cash equivalents, and restricted cash	143,371	115,587
Premiums, fees, and commissions receivable, net of allowance of $451 and $454, respectively	75,770	69,881
Receivable for securities	20,026
Deferred tax assets, net	32,216	18,301
Other investments	9,653	11,256
Other assets	6,613	6,950
Property and equipment, net	5,292	5,141
Deferred acquisition costs	5,750	5,509
Goodwill	29,384	29,429
Identifiable intangible assets, net	7,814	8,491
TOTAL ASSETS	458,535	402,127
LIABILITIES AND STOCKHOLDERS’ EQUITY
Loss and loss adjustment expense reserves	164,700	122,071
Unearned premiums and fees	89,820	83,426
Debentures payable	40,290	40,256
Term loan from principal stockholder	29,773	29,753
Payable for securities	37,929
Accrued expenses	7,265	7,345
Other liabilities	10,693	15,606
Total liabilities	380,470	298,457
Stockholders’ equity:
Preferred stock, $.01 par value, 10,000 shares authorized
Common stock, $.01 par value, 75,000 shares authorized; 41,096 issued and outstanding	411	411
Additional paid-in capital	457,681	457,476
Accumulated other comprehensive income, net of tax of $22 and $62, respectively	3,416	3,491
Accumulated deficit	(383,443)	(357,708)
Total stockholders’ equity	78,065	103,670
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 458,535	$ 402,127