XML 26 R3.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities, available for sale, at fair value (amortized cost of $662,616 and $452,478, respectively) $ 607,572,000 $ 458,351,000
Fixed maturity securities, held-to-maturity 52,467,000 47,117,000
Equity securities, at fair value 120,169,000 117,971,000
Mortgage loans 51,859,000 29,531,000
Other long-term investments 129,142,000 132,111,000
Short-term investments, at fair value 121,158,000 164,278,000
Total investments 1,082,367,000 949,359,000
Cash and cash equivalents 45,438,000 42,107,000
Restricted cash 79,573,000 65,167,000
Premiums receivable 139,215,000 112,158,000
Reinsurance recoverable, net of premium payables 581,359,000 536,327,000
Ceded unearned premium 157,645,000 137,973,000
Deferred policy acquisition costs 68,938,000 59,456,000
Deferred income taxes 36,188,000 33,663,000
Goodwill and intangible assets, net 89,870,000 91,336,000
Other assets 82,846,000 90,666,000
Total assets 2,363,439,000 2,118,212,000
Liabilities:    
Reserves for losses and loss adjustment expenses 1,141,757,000 979,549,000
Unearned premiums 442,509,000 363,288,000
Deferred ceding commission 29,849,000 30,500,000
Reinsurance and premium payables 113,696,000 119,919,000
Funds held for others 36,858,000 29,587,000
Accounts payable and accrued liabilities 48,499,000 40,760,000
Notes payable 50,000,000 50,000,000
Subordinated debt, net of debt issuance costs 78,609,000 78,529,000
Total liabilities 1,941,777,000 1,692,132,000
Stockholders' equity    
Series A preferred stock, $0.01 par value; 2,000,000 shares authorized, 1,969,660 and 1,970,124 shares issued and outstanding, respectively 20,000 20,000
Common stock, $0.01 par value, 168,000,000 shares authorized, 16,832,955 and 16,763,069 shares issued, respectively 168,000 168,000
Treasury stock, $0.01 par value, 233,289 and 229,449 shares, respectively (2,000) (2,000)
Additional paid-in capital 577,289,000 575,159,000
Stock notes receivable (6,911,000) (9,092,000)
Accumulated other comprehensive (loss) income (43,485,000) 4,640,000
Accumulated deficit (105,417,000) (144,813,000)
Total stockholders' equity 421,662,000 426,080,000
Total liabilities and stockholders' equity $ 2,363,439,000 $ 2,118,212,000