XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Fixed maturities    
Available-for-sale, at fair value (amortized cost $1,667,548 in 2022 and $1,656,797 in 2021) $ 1,597,284 $ 1,719,790
Equity securities at fair value (cost $75,964 in 2022 and $84,605 in 2021) 163,241 213,401
Mortgage loans 46,953 47,201
Less: allowance for mortgage loan losses 66 71
Mortgage loans, net 46,887 47,130
Other long-term investments 81,146 84,090
Short-term investments 275 275
Total investments 1,888,833 2,064,686
Cash and cash equivalents 91,934 132,104
Accrued investment income 14,079 13,396
Premiums receivable (net of allowance for doubtful accounts of $808 in 2022 and $781 in 2021) 373,006 316,771
Deferred policy acquisition costs 104,090 91,446
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $60,842 in 2022 and $60,142 in 2021) 134,886 137,702
Reinsurance receivables and recoverables (net of allowance for credit losses of $76 in 2022 and $102 in 2021) 135,527 127,815
Prepaid reinsurance premiums 10,623 9,328
Intangible assets 5,679 6,034
Deferred tax asset 9,384 0
Income taxes receivable 33,648 32,378
Other assets 83,505 81,061
TOTAL ASSETS 2,885,194 3,012,721
Liabilities    
Losses and loss settlement expenses 1,459,828 1,514,265
Unearned premiums 477,613 439,733
Accrued expenses and other liabilities 116,850 102,849
Long term debt 50,000 50,000
Deferred tax liability 0 26,753
TOTAL LIABILITIES 2,104,291 2,133,600
Stockholders’ Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,186,648 and 25,082,104 shares issued and outstanding in 2022 and 2021, respectively 25 25
Additional paid-in capital 206,165 203,375
Retained earnings 631,481 621,384
Accumulated other comprehensive income, net of tax (56,768) 54,337
TOTAL STOCKHOLDERS’ EQUITY 780,903 879,121
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,885,194 $ 3,012,721