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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Investments, at fair value:    
Fixed maturities (amortized cost of $559,163 and $672,139 $ 160,863 $ 204,682
Equity Securities, FV-NI 0 15,657
Other investments (amortized cost of $16,780 and $17,131 3,583 3,675
Total investments 164,446 224,014
Cash and Cash Equivalents 27,767 70,903
Restricted Cash 49,501 45,988
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 77,268 116,891
Accrued Investment Income 1,632 1,605
Property and equipment, net 4,474 5,293
Premiums receivable, net (credit allowance of $28 and $32) 55,651 39,301
Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments (credit allowance of $552 and $563) 658,814 796,546
Ceded uneared premiums 329,676 90,496
Goodwill 59,476 59,476
Deferred policy acquisition costs 34,821 52,369
Intangible Assets, Net (Excluding Goodwill) 10,946 12,770
Other assets, net 35,546 3,920
Total Assets 1,444,855 2,837,496
Liabilities    
Unpaid losses and loss adjustment expenses 534,676 842,958
Unearned Premiums 387,311 258,978
Reinsurance Payable 140,662 30,503
Payments outstanding 17,532 2,000
Accounts Payable 93,184 74,386
Operating Lease, Liability 1,172 1,689
Other Liabilities 7,606 5,849
Notes Payable 148,521 148,355
Total Liabilities 1,332,459 3,019,535
Commitments and Contingencies
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; 50,000,000 shares authorized; 43,525,249 and 43,360,429 issued; 43,313,166 and 43,370,442 outstanding, respectively 4 4
Additional Paid in Capital 396,136 395,631
Treasury shares, at cost; 212,083 shares (431) (431)
Accumulated Other Comprehensive Income (Loss), Net of Tax (21,072) (30,947)
Retained Earnings (262,241) (546,296)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 112,396 (182,039)
Total Liabilities and Stockholders' Equity 1,444,855 2,837,496
Disposal Group, Including Discontinued Operation, Assets 12,105 1,434,815
Disposal Group, Including Discontinued Operation, Liabilities $ 1,795 $ 1,654,817