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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Fixed maturities, available-for-sale, at fair value (amortized cost of $1,059,143 and $1,113,779 as of March 31, 2020 and December 31, 2019, respectively) $ 1,070,072 $ 1,140,940
Cash and cash equivalents (including restricted cash of $2,505 and $2,662 as of March 31, 2020 and December 31, 2019, respectively) 109,821 41,089
Premiums receivable 46,872 46,085
Accrued investment income 7,192 6,831
Prepaid expenses 4,750 3,512
Deferred policy acquisition costs, net 62,634 59,972
Software and equipment, net 25,667 26,096
Intangible assets and goodwill 3,634 3,634
Prepaid reinsurance premiums 13,100 15,488
Other assets 44,085 21,171
Total assets 1,387,827 1,364,818
Liabilities    
Term loan 145,521 145,764
Unearned premiums 126,908 136,642
Accounts payable and accrued expenses 20,745 39,904
Reserve for insurance claims and claim expenses 29,479 23,752
Reinsurance funds withheld 12,735 14,310
Warrant liability, at fair value 1,461 7,641
Deferred tax liability, net 66,831 56,360
Other liabilities 9,257 10,025
Total liabilities 412,937 434,398
Commitments and contingencies
Shareholders' equity    
Common stock - class A shares, $0.01 par value; 68,873,540 and 68,358,074 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively (250,000,000 shares authorized) 689 684
Additional paid-in capital 706,021 707,003
Accumulated other comprehensive income, net of tax 4,464 17,288
Retained earnings 263,716 205,445
Total shareholders' equity 974,890 930,420
Total liabilities and shareholders' equity $ 1,387,827 $ 1,364,818