CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Investments, available-for-sale at fair value (amortized cost of $117,902 and $128,304, respectively)	$ 117,212	$ 131,582
Cash, cash equivalents, and restricted cash	118,681	115,587
Premiums, fees, and commissions receivable, net of allowance of $279 and $454	66,393	69,881
Deferred tax assets, net	35,641	18,301
Other investments	9,994	11,256
Other assets	6,078	6,950
Property and equipment, net	4,213	5,141
Deferred acquisition costs	4,852	5,509
Goodwill	29,384	29,429
Identifiable intangible assets, net	7,626	8,491
TOTAL ASSETS	400,074	402,127
LIABILITIES AND STOCKHOLDERS’ EQUITY
Loss and loss adjustment expense reserves	161,079	122,071
Unearned premiums and fees	78,861	83,426
Debentures payable	40,302	40,256
Term loan from principal stockholder	29,779	29,753
Accrued expenses	7,089	7,345
Other liabilities	10,476	15,606
Total liabilities	327,586	298,457
Stockholders’ equity:
Preferred stock, $.01 par value, 10,000 shares authorized
Common stock, $.01 par value, 75,000 shares authorized; 41,160 and 41,060 issued and outstanding, respectively	412	411
Additional paid-in capital	457,750	457,476
Accumulated other comprehensive income, net of tax of $(1,110) and $62, respectively	1,316	3,491
Accumulated deficit	(386,990)	(357,708)
Total stockholders’ equity	72,488	103,670
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 400,074	$ 402,127