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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Investments:    
Fixed maturity securities—held-to-maturity, at amortized cost (fair value $610,151 and $568,931 in 2017 and 2016, respectively) $ 598,658 $ 562,434
Fixed maturity securities—available-for-sale, at fair value (cost $462,892 and $479,871 in 2017 and 2016, respectively) 467,256 479,097
Equity securities—available-for-sale, at fair value (cost $7,499 and $0 in 2017 and 2016, respectively) 7,801 33
Short-term investments 69,526 29,580
Other investments 1,280 13,330
Total investments 1,144,521 1,084,474
Cash and cash equivalents 80,378 58,936
Amounts recoverable from reinsurers 84,958 83,666
Premiums receivable, net of allowance 185,497 183,005
Deferred income taxes 31,572 33,811
Accrued interest receivable 11,235 11,360
Property and equipment, net 6,320 6,636
Deferred policy acquisition costs 20,906 19,300
Other assets 17,861 37,668
Total assets 1,583,248 1,518,856
Liabilities:    
Reserves for loss and loss adjustment expenses 755,026 742,776
Unearned premiums 165,820 162,028
Reinsurance premiums payable   28
Amounts held for others 35,604 31,974
Policyholder deposits 48,003 49,130
Insurance-related assessments 30,293 31,742
Federal income tax payable 1,909 4,017
Accounts payable and other liabilities 41,827 31,510
Payable for investments purchased 9,821 9,501
Total liabilities 1,088,303 1,062,706
Shareholders’ equity:    
Common stock: voting—$0.01 par value authorized shares—50,000,000 in 2017 and 2016; 20,502,273 and 20,488,385 shares issued and 19,244,023 and 19,230,135 shares outstanding in 2017 and 2016, respectively 204 204
Additional paid-in capital 209,622 208,390
Treasury stock at cost (1,258,250 shares in 2017 and 2016) (22,370) (22,370)
Accumulated earnings 304,456 270,418
Accumulated other comprehensive income (loss), net 3,033 (492)
Total shareholders’ equity 494,945 456,150
Total liabilities and shareholders’ equity $ 1,583,248 $ 1,518,856