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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Fixed maturities    
Available-for-sale, at fair value (amortized cost $1,653,296 in 2019 and $1,761,289 in 2018) $ 1,703,319 $ 1,749,488
Trading securities, at fair value (amortized cost $12,932 in 2019 and $11,277 in 2018) 17,143 13,240
Equity securities at fair value (cost $65,409 in 2019 and $64,819 in 2018) 283,178 248,361
Mortgage loans 36,374 25,782
Other long-term investments 47,772 37,077
Short-term investments 175 175
Total investments 2,087,961 2,074,123
Cash and cash equivalents 148,784 64,454
Accrued investment income 15,200 15,774
Premiums receivable (net of allowance for doubtful accounts of $1,208 in 2019 and $785 in 2018) 402,887 346,825
Deferred policy acquisition costs 101,563 92,796
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $42,118 in 2019 and $39,894 in 2018) 115,853 97,194
Reinsurance receivables and recoverables 52,779 61,337
Prepaid reinsurance premiums 8,112 7,063
Deferred tax asset 0 912
Income taxes receivable 9,122 15,035
Goodwill and intangible assets 22,897 23,252
Other assets 36,639 17,933
TOTAL ASSETS 3,001,797 2,816,698
Liabilities    
Losses and loss settlement expenses 1,341,666 1,312,483
Unearned premiums 539,980 492,918
Accrued expenses and other liabilities 131,726 122,922
Deferred tax liability 20,122 0
TOTAL LIABILITIES 2,033,494 1,928,323
Stockholders’ Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,245,200 and 25,097,408 shares issued and outstanding in 2019 and 2018, respectively 25 25
Additional paid-in capital 208,971 203,350
Retained earnings 739,162 715,472
Accumulated other comprehensive income (loss), net of tax 20,145 (30,472)
TOTAL STOCKHOLDERS’ EQUITY 968,303 888,375
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,001,797 $ 2,816,698