CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Investments:
Debt securities, available-for-sale, at fair value (amortized cost of $406,173 and $473,126, respectively)	$ 411,718	$ 488,210
Equity securities, at fair value	3,106	3,157
Total investments	414,824	491,367
Cash and cash equivalents	69,694	102,367
Prepaid reinsurance premiums	217,068	278,272
Premiums receivable, net of allowance of $227 and $233, respectively	40,762	50,803
Reinsurance recoverable, net of allowance of $302 and $65, respectively	439,544	413,026
Deferred acquisition costs, net	23,976	25,405
Current and deferred income taxes, net	38,666	35,035
Other assets	41,191	32,262
Total assets	1,285,725	1,428,537
Liabilities
Loss and loss adjustment expense reserves	486,713	540,367
Unearned premiums	361,995	366,789
Reinsurance payable and funds withheld liabilities	136,795	202,827
Long-term debt, net of deferred financing costs of $1,276 and $1,317, respectively	98,724	98,683
Deferred revenue	6,909	7,187
Other liabilities	47,480	54,524
Total liabilities	1,138,616	1,270,377
Commitments and contingencies (see Note 10)
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; 17,313,461 and 13,717,908 issued and outstanding, respectively	173	137
Additional paid-in capital	184,792	169,298
Accumulated other comprehensive income (loss)	4,186	11,386
Retained earnings (deficit)	(42,042)	(22,661)
Total shareholders’ equity	147,109	158,160
Total liabilities and shareholders' equity	$ 1,285,725	$ 1,428,537