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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Fixed maturities    
Available-for-sale, at fair value (amortized cost $1,633,875 in 2020 and $1,659,760 in 2019; allowance for credit losses $59 in 2020 and $0 in 2019) $ 1,699,359 $ 1,719,607
Trading securities, at fair value (amortized cost $10,502 in 2020 and $11,941 in 2019) 11,208 15,256
Equity securities at fair value (cost $66,992 in 2020 and $67,529 in 2019) 206,951 299,203
Mortgage loans 45,192 42,520
Less: allowance for mortgage loan losses 77 72
Mortgage loans 45,115 42,448
Other long-term investments 66,917 78,410
Short-term investments 175 175
Total investments 2,029,725 2,155,099
Cash and cash equivalents 120,724 120,722
Accrued investment income 15,193 15,182
Premiums receivable (net of allowance for doubtful accounts of $1,170 in 2020 and $1,239 in 2019) 363,202 357,632
Deferred policy acquisition costs 94,335 94,292
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $51,122 in 2020 and $50,183 in 2019) 122,646 116,989
Reinsurance receivables and recoverables (net of allowance for credit losses of $46 in 2020 and $0 in 2019) 98,395 72,369
Prepaid reinsurance premiums 11,689 9,550
Income taxes receivable 34,340 19,190
Goodwill and intangible assets 22,365 22,542
Other assets 37,032 29,905
TOTAL ASSETS 2,949,646 3,013,472
Liabilities    
Losses and loss settlement expenses 1,438,405 1,421,754
Unearned premiums 520,960 505,162
Accrued expenses and other liabilities 152,469 155,498
Deferred tax liability 4,668 20,586
TOTAL LIABILITIES 2,116,502 2,103,000
Stockholders’ Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,016,093 and 25,015,963 shares issued and outstanding in 2020 and 2019, respectively 25 25
Additional paid-in capital 198,317 200,179
Retained earnings 616,303 697,116
Accumulated other comprehensive income, net of tax 18,499 13,152
TOTAL STOCKHOLDERS’ EQUITY 833,144 910,472
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,949,646 $ 3,013,472