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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Fixed maturities    
Available-for-sale, at fair value (amortized cost $1,655,228 in 2021 and $1,720,291 in 2020; allowance for credit losses $— in 2021 and $5 in 2020) $ 1,727,601 $ 1,825,438
Equity securities at fair value (cost $81,797 in 2021 and $49,085 in 2020) 200,876 206,685
Mortgage loans 47,325 47,690
Less: allowance for mortgage loan losses 71 76
Mortgage loans, net 47,254 47,614
Other long-term investments 80,162 69,305
Short-term investments available-for-sale, at fair value (amortized cost $175 in 2021 and $175 in 2020) 175 175
Total investments 2,056,068 2,149,217
Cash and cash equivalents 132,772 87,948
Accrued investment income 13,947 14,615
Premiums receivable (net of allowance for doubtful accounts of $894 in 2021 and $687 in 2020) 325,072 317,292
Deferred policy acquisition costs 95,060 87,094
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $58,709 in 2021 and $55,141 in 2020) 136,196 129,874
Reinsurance receivables and recoverables (net of allowance for credit losses of $98 in 2021 and $190 in 2020) 121,290 160,540
Prepaid reinsurance premiums 9,312 12,965
Intangible assets 6,211 6,743
Income taxes receivable 69,074 66,194
Other assets 45,652 37,196
TOTAL ASSETS 3,010,654 3,069,678
Liabilities    
Losses and loss settlement expenses 1,567,650 1,578,131
Unearned premiums 458,931 464,845
Accrued expenses and other liabilities 101,447 126,624
Long term debt 50,000 50,000
Deferred tax liability 18,097 24,929
TOTAL LIABILITIES 2,196,125 2,244,529
Stockholders’ Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,080,923 and 25,055,479 shares issued and outstanding in 2021 and 2020, respectively 25 25
Additional paid-in capital 203,014 202,359
Retained earnings 567,411 555,854
Accumulated other comprehensive income, net of tax 44,079 66,911
TOTAL STOCKHOLDERS’ EQUITY 814,529 825,149
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,010,654 $ 3,069,678