CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Investments:
Debt securities, available-for-sale, at fair value (amortized cost of $269,100 and $324,861, respectively)	$ 270,217	$ 327,532
Equity securities, at fair value	5,348	5,905
Total investments	275,565	333,437
Cash and cash equivalents	87,358	83,526
Prepaid reinsurance premiums	162,463	242,537
Premiums receivable, net of allowance of $133 and $125, respectively	33,089	41,174
Reinsurance recoverable, net of allowance of $109 and $249, respectively	581,921	613,203
Deferred acquisition costs, net	16,438	18,829
Current and deferred income taxes, net	13,446	30,014
Other assets	31,681	49,950
Total assets	1,201,961	1,412,670
Liabilities
Loss and loss adjustment expense reserves	661,595	738,794
Unearned premiums	316,312	342,747
Reinsurance payable and funds withheld liabilities	46,535	102,748
Long-term debt, net of deferred financing costs of $2,094 and $2,195, respectively	118,906	118,805
Deferred revenue	4,162	5,240
Other liabilities	40,312	44,950
Total liabilities	1,187,822	1,353,284
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; 17,519,237 and 17,446,930 issued and outstanding, respectively	175	174
Additional paid-in capital	186,202	186,007
Accumulated other comprehensive income (loss)	(2,563)	(1,034)
Retained earnings (deficit)	(169,675)	(125,761)
Total shareholders’ equity	14,139	59,386
Total liabilities and shareholders' equity	$ 1,201,961	$ 1,412,670