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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Fixed-maturity securities, available for sale, at fair value (amortized cost: $91,166 and $199,954, respectively and allowance for credit losses: $596 and $0, respectively) $ 92,743 $ 202,839
Equity securities, at fair value (cost: $39,861 and $31,863, respectively) 42,702 35,285
Short-term investments   491
Limited partnership investments 27,497 28,346
Investment in unconsolidated joint venture, at equity 716 762
Assets held for sale 4,519  
Real estate investments 70,566 73,763
Total investments 238,743 341,486
Cash and cash equivalents 410,691 229,218
Restricted cash 2,400 700
Accrued interest and dividends receivable 916 1,616
Income taxes receivable 2,711 1,040
Premiums receivable 28,505 20,255
Prepaid reinsurance premiums 42,170 17,983
Reinsurance recoverable, net of allowance for credit losses:    
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively) 20,240 16,155
Unpaid losses and loss adjustment expenses (allowance: $90 and $0, respectively) 74,944 116,523
Deferred policy acquisition costs 29,701 21,663
Property and equipment, net 12,693 14,698
Intangible assets, net 3,723 4,192
Other assets 20,376 17,080
Total assets 887,813 802,609
Liabilities and Stockholders’ Equity    
Losses and loss adjustment expenses 219,345 214,697
Unearned premiums 238,936 181,163
Advance premiums 17,083 5,589
Assumed reinsurance balances payable 92 76
Accrued expenses 15,855 10,059
Deferred income taxes, net 8,866 4,008
Revolving credit facility 8,750 9,750
Long-term debt 155,675 163,695
Other liabilities 23,479 28,029
Total liabilities 688,081 617,066
Commitments and contingencies (Note 21)
Stockholders’ equity:    
Preferred stock
Common stock (no par value, 40,000,000 shares authorized, 7,793,677 and 7,764,564 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively)
Additional paid-in capital
Retained income 198,092 183,365
Accumulated other comprehensive income, net of taxes 1,640 2,178
Total stockholders’ equity 199,732 185,543
Total liabilities and stockholders’ equity 887,813 802,609
7% Series A Cumulative Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock