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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Investments:    
Fixed maturity securities—held-to-maturity, at amortized cost (fair value $603,295 and $568,931 in 2017 and 2016, respectively) $ 594,776 $ 562,434
Fixed maturity securities—available-for-sale, at fair value (cost $467,989 and $479,871 in 2017 and 2016, respectively) 468,690 479,097
Equity securities—available-for-sale, at fair value (cost $2,009 and $0, in 2017 and 2016, respectively) 2,044 33
Short-term investments 32,804 29,580
Other investments 8,956 13,330
Total investments 1,107,270 1,084,474
Cash and cash equivalents 39,353 58,936
Amounts recoverable from reinsurers 82,897 83,666
Premiums receivable, net of allowance 191,276 183,005
Deferred income taxes 33,311 33,811
Accrued interest receivable 11,907 11,360
Property and equipment, net 6,441 6,636
Deferred policy acquisition costs 19,866 19,300
Other assets 44,215 37,668
Total assets 1,536,536 1,518,856
Liabilities:    
Reserves for loss and loss adjustment expenses 749,496 742,776
Unearned premiums 163,803 162,028
Reinsurance premiums payable   28
Amounts held for others 32,923 31,974
Policyholder deposits 48,595 49,130
Insurance-related assessments 33,312 31,742
Federal income tax payable 9,378 4,017
Accounts payable and other liabilities 31,142 31,510
Payable for investments purchased 786 9,501
Total liabilities 1,069,435 1,062,706
Shareholders' equity:    
Voting—$0.01 par value authorized shares—50,000,000 in 2017 and 2016; 20,488,385 shares issued and 19,230,135 shares outstanding in 2017 and 2016 204 204
Additional paid-in capital 208,711 208,390
Treasury stock at cost (1,258,250 shares in 2017 and 2016) (22,370) (22,370)
Accumulated earnings 280,096 270,418
Accumulated other comprehensive income (loss), net 460 (492)
Total shareholders’ equity 467,101 456,150
Total liabilities and shareholders’ equity $ 1,536,536 $ 1,518,856