CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Investments:
Debt securities, available-for-sale, at fair value (amortized cost of $343,619 and $473,126, respectively)	$ 349,299	$ 488,210
Equity securities, at fair value	5,965	3,157
Total investments	355,264	491,367
Cash and cash equivalents	166,860	102,367
Prepaid reinsurance premiums	320,929	278,272
Premiums receivable, net of allowance of $190 and $233, respectively	50,018	50,803
Reinsurance recoverable, net of allowance of $531 and $65, respectively	959,263	413,026
Deferred acquisition costs, net	18,977	25,405
Current and deferred income taxes, net	29,776	35,035
Other assets	37,686	32,262
Total assets	1,938,773	1,428,537
Liabilities
Loss and loss adjustment expense reserves	1,037,537	540,367
Unearned premiums	358,435	366,789
Reinsurance payable and funds withheld liabilities	306,679	202,827
Long-term debt, net of deferred financing costs of $2,224 and $1,317, respectively	118,776	98,683
Deferred revenue	6,211	7,187
Other liabilities	39,912	54,524
Total liabilities	1,867,550	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: 50,000,000 shares authorized; 17,446,930 and 13,717,908 issued and outstanding, respectively	174	137
Additional paid-in capital	185,799	169,298
Accumulated other comprehensive income (loss)	2,442	11,386
Retained earnings (deficit)	(117,192)	(22,661)
Total shareholders’ equity	71,223	158,160
Total liabilities and shareholders' equity	$ 1,938,773	$ 1,428,537