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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Fixed maturities    
Available-for-sale, at fair value (amortized cost $1,720,291 in 2020 and $1,659,760 in 2019; allowance for credit losses $5 in 2020 and $— in 2019) $ 1,825,438 $ 1,719,607
Trading securities, at fair value (amortized cost $— in 2020 and $11,941 in 2019) 0 15,256
Equity securities, at fair value (cost $49,085 in 2020 and $67,529 in 2019) 206,685 299,203
Mortgage loans 47,690 42,520
Less: allowance for mortgage loan losses 76 72
Mortgage loans, net 47,614 42,448
Other long-term investments 69,305 78,410
Short-term investments 175 175
Total Investments 2,149,217 2,155,099
Cash and cash equivalents 87,948 120,722
Accrued investment income 14,615 15,182
Premiums receivable (net of allowance for doubtful accounts of $687 in 2020 and $1,239 in 2019) 317,292 357,632
Deferred policy acquisition costs 87,094 94,292
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $55,141 in 2020 and $50,183 in 2019) 129,874 116,989
Reinsurance receivables and recoverables (net of allowance for credit losses of $190 in 2020 and $— in 2019) 160,540 72,369
Prepaid reinsurance premiums 12,965 9,550
Income taxes receivable 66,194 19,190
Goodwill and net intangible assets 6,743 22,542
Other assets 37,196 29,905
Total assets 3,069,678 3,013,472
Liabilities    
Losses and loss settlement expenses 1,578,131 1,421,754
Unearned premiums 464,845 505,162
Accrued expenses and other liabilities 126,624 155,498
Deferred tax liability 24,929 20,586
Long term debt 50,000 0
Total liabilities 2,244,529 2,103,000
Stockholders' equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,055,479 and 25,015,963 shares issued and outstanding in 2020 and 2019, respectively 25 25
Additional paid-in capital 202,359 200,179
Retained earnings 555,854 697,116
Accumulated other comprehensive income, net of tax 66,911 13,152
Total stockholders' equity 825,149 910,472
Total liabilities and stockholders' equity $ 3,069,678 $ 3,013,472