CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Investments:
Debt securities, available-for-sale, at fair value (amortized cost of $519,557 and $512,645, respectively)	$ 540,443	$ 526,265
Debt securities, held-to-maturity, at amortized cost	0	4,337
Equity securities, at fair value	13,108	20,039
Total investments	553,551	550,641
Cash and cash equivalents	49,286	133,361
Prepaid reinsurance premiums	286,128	145,659
Premiums receivable, net of allowance of $118 and $159, respectively	52,753	41,422
Reinsurance recoverable, net of allowance of $52 and $0, respectively	452,194	209,615
Deferred acquisition costs and value of business acquired, net	51,157	56,136
Current and deferred income taxes, net	24,099	2,552
Goodwill	10,997	10,997
Other assets	34,643	28,633
Total assets	1,514,808	1,179,016
Liabilities
Loss and loss adjustment expense reserves	553,980	324,362
Unearned premiums	380,374	360,870
Reinsurance payable and funds withheld liabilities	230,987	102,467
Long-term debt, net of deferred financing costs of $1,357 and $1,478, respectively	98,643	98,522
Deferred revenue	6,795	6,856
Other liabilities	42,553	37,246
Total liabilities	1,313,332	930,323
Commitments and contingencies (see Note 11)
Shareholders' Equity
Preferred stock, $0.01 par value: 1,000,000 shares authorized	0	0
Common stock, $0.01 par value: 25,000,000 shares authorized; 13,717,525 and 14,414,821 issued and outstanding, respectively	137	144
Additional paid-in capital	168,912	167,677
Accumulated other comprehensive income (loss)	15,763	10,281
Retained earnings	16,664	70,591
Total shareholders’ equity	201,476	248,693
Total liabilities and shareholders' equity	$ 1,514,808	$ 1,179,016