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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Investments:    
Fixed maturity securities-held-to-maturity, at amortized cost (fair value $659,172 and $662,276 in 2016 and 2015, respectively) $ 639,632 $ 645,164
Fixed maturity securities-available-for-sale, at fair value (cost $408,364 and $376,109 in 2016 and 2015, respectively) 416,568 380,022
Equity securities-available-for-sale, at fair value (cost $0 in 2016 and 2015) 31 31
Short-term investments 11,713 7,718
Other investments 11,390 12,217
Total investments 1,079,334 1,045,152
Cash and cash equivalents 79,290 69,481
Amounts recoverable from reinsurers 92,429 91,077
Premiums receivable, net of allowance 197,185 185,364
Deferred income taxes 28,051 29,905
Accrued interest receivable 12,489 11,685
Property and equipment, net 5,988 6,181
Deferred policy acquisition costs 20,222 20,412
Other assets 42,572 42,788
Total assets 1,557,560 1,502,045
Liabilities:    
Reserves for loss and loss adjustment expenses 722,178 718,033
Unearned premiums 169,853 167,983
Reinsurance premiums payable 200 154
Amounts held for others 51,838 49,790
Policyholder deposits 48,059 48,380
Insurance-related assessments 33,313 32,329
Federal income tax payable 8,268 911
Accounts payable and other liabilities 28,673 30,484
Payable for investments purchased 16,425  
Total liabilities 1,078,807 1,048,064
Shareholders' equity:    
Voting-$0.01 par value authorized shares-50,000,000 in 2016 and 2015; 20,440,124 and 20,388,396 shares issued and 19,181,874 and 19,130,146 shares outstanding in 2016 and 2015, respectively 203 203
Additional paid-in capital 205,862 204,688
Treasury stock at cost (1,258,250 shares in 2016 and 2015) (22,370) (22,370)
Accumulated earnings 289,678 268,873
Accumulated other comprehensive income, net 5,380 2,587
Total shareholders' equity 478,753 453,981
Total liabilities and shareholders' equity $ 1,557,560 $ 1,502,045