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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Fixed maturities    
Held-to-maturity, at amortized cost (fair value $0 in 2018 and $150 in 2017) $ 0 $ 150
Available-for-sale, at fair value (amortized cost $1,761,289 in 2018 and $1,516,610 in 2017) 1,749,488 1,535,070
Trading securities, at fair value (amortized cost $11,277 in 2018 and $14,582 in 2017) 13,240 16,842
Equity securities, at fair value (cost $64,819 in 2018 and $63,275 in 2017) 248,361 287,344
Mortgage loans 25,782 0
Other long-term investments 37,077 49,352
Short-term investments 175 175
Total Investments 2,074,123 1,888,933
Cash and cash equivalents 64,454 95,562
Accrued investment income 15,774 13,841
Premiums receivable (net of allowance for doubtful accounts of $785 in 2018 and $1,255 in 2017) 346,825 328,513
Deferred policy acquisition costs 92,796 88,102
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $39,894 in 2018 and $51,603 in 2017) 97,194 68,992
Reinsurance receivables and recoverables 61,337 63,194
Prepaid reinsurance premiums 7,063 3,749
Deferred tax asset 912 0
Income taxes receivable 15,035 6,031
Goodwill and net intangible assets 23,252 23,971
Other assets 17,933 16,409
Assets held for sale 0 1,586,134
Total assets 2,816,698 4,183,431
Liabilities    
Losses and loss settlement expenses 1,312,483 1,224,183
Unearned premiums 492,918 465,391
Accrued expenses and other liabilities 122,922 167,396
Deferred income taxes 0 5,953
Liabilities held for sale 0 1,347,135
Total liabilities 1,928,323 3,210,058
Stockholders' equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,097,408 and 24,916,806 shares issued and outstanding in 2018 and 2017, respectively 25 25
Additional paid-in capital 203,350 196,334
Retained earnings 715,472 608,700
Accumulated other comprehensive income, net of tax (30,472) 168,314
Total stockholders' equity 888,375 973,373
Total liabilities and stockholders' equity $ 2,816,698 $ 4,183,431