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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Investments available for sale, at fair value:    
Fixed maturities, available-for-sale (amortized cost of $672,139 and $926,714, respectively) $ 663,602 $ 940,011
Equity securities 37,958 7,445
Other investments (amortized cost of $17,131 and $47,535, respectively) 18,006 47,595
Total investments 719,566 995,051
Cash and cash equivalents 212,024 239,420
Restricted Cash 33,254 62,078
Cash, Cash Equivalents, and Restricted Cash 245,278 301,498
Accrued investment income 3,296 4,680
Property, Plant and Equipment, Net 31,561 34,187
Premiums receivable, net (credit allowance of $32 and $140, respectively) 79,166 87,339
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments 997,120 821,156
Ceded unearned premiums 430,631 384,588
Goodwill 73,045 73,045
Deferred policy acquisition costs 38,520 74,414
Intangible Assets, Net (Excluding Goodwill) 18,375 21,930
Other Assets 62,015 51,053
Total Assets 2,698,573 2,848,941
Liabilities:    
Unpaid losses and loss adjustment expenses 1,084,450 1,089,966
Unearned premiums 644,940 723,938
Reinsurance Payable 248,625 241,636
Payments outstanding 114,524 77,912
Accounts Payable and Accrued Expenses 76,258 91,173
Operating Lease, Liability 1,934 2,311
Other Liabilities 39,324 46,365
Notes payable 156,561 158,041
Total Liabilities 2,366,616 2,431,342
Commitments and contingencies (Note 12)
Stockholders' Equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 43,360,429 and 43,250,731 issued, respectively; 43,370,442 and 43,075,877 outstanding, respectively 4 4
Additional Paid in Capital 394,268 393,122
Treasury shares, at cost; 212,083 shares (431) (431)
Accumulated other comprehensive income (6,531) 9,693
Retained Earnings (Accumulated Deficit) (74,904) (6,635)
Total Stockholders' Equity 312,406 395,753
Stockholders' Equity Attributable to Noncontrolling Interest 19,551 21,846
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 331,957 417,599
Total Liabilities and Stockholders' Equity 2,698,573 2,848,941
Reinsurance Recoverable, Allowance for Credit Loss $ 563 $ 386