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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Fixed maturities    
Held-to-maturity, at amortized cost (fair value $150 in 2017 and $150 in 2016) $ 150 $ 150
Available-for-sale, at fair value (amortized cost $1,480,730 in 2017 and $1,458,235 in 2016) 1,498,662 1,453,286
Trading securities, at fair value (amortized cost $11,833 in 2017 and $13,054 in 2016) 13,673 14,390
Equity securities    
Available-for-sale, at fair value (cost $57,387 in 2017 and $59,994 in 2016) 269,341 246,370
Trading securities, at fair value (cost $5,888 in 2017 and $5,434 in 2016) 6,330 5,644
Other long-term investments 49,966 51,769
Short-term investments 175 175
Total investments 1,838,297 1,771,784
Cash and cash equivalents 98,610 89,194
Accrued investment income 14,911 13,617
Premiums receivable (net of allowance for doubtful accounts of $1,170 in 2017 and $1,255 in 2016) 351,410 306,202
Deferred policy acquisition costs 97,477 93,362
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $52,081 in 2017 and $50,925 in 2016) 64,520 55,524
Reinsurance receivables and recoverables 68,116 62,707
Prepaid reinsurance premiums 3,821 3,782
Income taxes receivable 21,360 14,285
Goodwill and intangible assets 24,163 24,740
Other assets 15,302 13,943
Assets held for sale 1,592,846 1,605,618
TOTAL ASSETS 4,190,833 4,054,758
Liabilities    
Losses and loss settlement expenses 1,237,280 1,123,896
Unearned premiums 490,443 443,802
Accrued expenses and other liabilities 130,618 147,104
Deferred income taxes 24,707 7,849
Liabilities held for sale 1,363,737 1,390,223
TOTAL LIABILITIES 3,246,785 3,112,874
Stockholders’ Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 24,849,889 and 25,429,769 shares issued and outstanding in 2017 and 2016, respectively 25 25
Additional paid-in capital 193,114 216,482
Retained earnings 600,988 616,322
Accumulated other comprehensive income, net of tax 149,921 109,055
TOTAL STOCKHOLDERS’ EQUITY 944,048 941,884
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,190,833 $ 4,054,758