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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Fixed maturities    
Available-for-sale, at fair value (amortized cost $1,612,626 in 2020 and $1,659,760 in 2019; allowance for credit losses $8 in 2020 and $— in 2019) $ 1,717,039 $ 1,719,607
Trading securities, at fair value (amortized cost $12,258 in 2020 and $11,941 in 2019) 14,811 15,256
Equity securities at fair value (cost $61,467 in 2020 and $67,529 in 2019) 198,791 299,203
Mortgage loans 47,809 42,520
Less: allowance for mortgage loan losses 76 72
Mortgage loans, net 47,733 42,448
Other long-term investments 62,903 78,410
Short-term investments 175 175
Total investments 2,041,452 2,155,099
Cash and cash equivalents 99,604 120,722
Accrued investment income 15,028 15,182
Premiums receivable (net of allowance for doubtful accounts of $812 in 2020 and $1,239 in 2019) 352,150 357,632
Deferred policy acquisition costs 94,223 94,292
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $54,145 in 2020 and $50,183 in 2019) 127,990 116,989
Reinsurance receivables and recoverables (net of allowance for credit losses of $241 in 2020 and $— in 2019) 199,920 72,369
Prepaid reinsurance premiums 12,284 9,550
Goodwill and intangible assets 6,920 22,542
Income taxes receivable 57,388 19,190
Other assets 41,521 29,905
TOTAL ASSETS 3,048,480 3,013,472
Liabilities    
Future policy benefits and losses, claims and loss settlement expenses
Losses and loss settlement expenses 1,555,083 1,421,754
Unearned premiums 499,730 505,162
Accrued expenses and other liabilities 156,874 155,498
Deferred tax liability 16,511 20,586
TOTAL LIABILITIES 2,228,198 2,103,000
Stockholders’ Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,031,234 and 25,015,963 shares issued and outstanding in 2020 and 2019, respectively 25 25
Additional paid-in capital 200,849 200,179
Retained earnings 568,501 697,116
Accumulated other comprehensive income, net of tax 50,907 13,152
TOTAL STOCKHOLDERS’ EQUITY 820,282 910,472
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,048,480 $ 3,013,472