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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Investment securities:    
Debt securities, at fair value (amortized cost of $135,370 and $127,119, respectively) $ 122,113 $ 110,201
Equity securities, at fair value (cost of $2,385 and $1,905, respectively) 2,354 1,267
Short-term investments, at fair value 20,838 25,929
Total investments 145,305 137,397
Cash and cash equivalents 11,125 28,035
Premiums and agents' balances receivable, net 29,369 21,802
Reinsurance recoverables on unpaid losses 70,807 82,651
Reinsurance recoverables on paid losses 12,619 6,653
Prepaid reinsurance premiums 28,908 16,399
Deferred policy acquisition costs 6,285 10,290
Other assets 6,339 7,862
Total assets 311,804 312,350
Liabilities:    
Unpaid losses and loss adjustment expenses 174,612 165,539
Unearned premiums 65,150 67,887
Reinsurance premium payable 246 6,144
Debt 25,061 33,876
Funds held under reinsurance agreements 24,550 11,084
Premiums payable to other insureds 13,986  
Accounts payable and accrued expenses 5,310 8,870
Total liabilities 308,915 293,400
Commitments and contingencies 0 0
Shareholders' equity:    
Preferred stock, no par value (10,000,000 shares authorized; 1,000 and 0 issued and outstanding, respectively) 6,000 0
Common stock, no par value (100,000,000 shares authorized; 12,222,881 and 12,215,849 issued and outstanding, respectively) 98,100 97,913
Accumulated deficit (86,683) (60,760)
Accumulated other comprehensive income (loss) (14,528) (18,203)
Total shareholders' equity 2,889 18,950
Total liabilities and shareholders' equity 311,804 312,350
Affiliated Entity    
Investment securities:    
Receivable from Affiliate $ 1,047 $ 1,261