CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Investments, available-for-sale at fair value (amortized cost of $129,742 and $117,902, respectively)	$ 129,945	$ 117,212
Cash, cash equivalents, and restricted cash	115,477	118,681
Premiums, fees, and commissions receivable, net of allowance of $275 and $279	69,624	66,393
Deferred tax assets, net	20,549	35,641
Other investments	9,750	9,994
Other assets	6,438	6,078
Property and equipment, net	2,888	4,213
Deferred acquisition costs	4,947	4,852
Goodwill	29,384	29,384
Identifiable intangible assets, net	6,857	7,626
TOTAL ASSETS	395,859	400,074
LIABILITIES AND STOCKHOLDERS’ EQUITY
Loss and loss adjustment expense reserves	159,130	161,079
Unearned premiums and fees	82,620	78,861
Debentures payable	40,348	40,302
Term loan from principal stockholder	29,805	29,779
Accrued expenses	5,975	7,089
Other liabilities	13,224	10,476
Total liabilities	331,102	327,586
Stockholders’ equity:
Preferred stock, $.01 par value, 10,000 shares authorized
Common stock, $.01 par value, 75,000 shares authorized; 41,235 and 41,160 issued and outstanding, respectively	413	412
Additional paid-in capital	458,124	457,750
Accumulated other comprehensive income, net of tax of $(990) and $(1,110), respectively	1,900	1,316
Accumulated deficit	(395,680)	(386,990)
Total stockholders’ equity	64,757	72,488
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 395,859	$ 400,074