Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Investments:
Fixed maturity securities—held-to-maturity, at amortized cost (fair value $639,309 and $568,931 in 2017 and 2016, respectively)	$ 629,668	$ 562,434
Fixed maturity securities—available-for-sale, at fair value (cost $461,236 and $479,871 in 2017 and 2016, respectively)	465,594	479,097
Equity securities—available-for-sale, at fair value (cost $8,503 and $0 in 2017 and 2016, respectively)	9,282	33
Short-term investments	25,770	29,580
Other investments		13,330
Total investments	1,130,314	1,084,474
Cash and cash equivalents	55,559	58,936
Amounts recoverable from reinsurers	90,133	83,666
Premiums receivable, net of allowance	174,234	183,005
Deferred income taxes	19,262	33,811
Accrued interest receivable	10,635	11,360
Property and equipment, net	6,128	6,636
Deferred policy acquisition costs	20,251	19,300
Federal income tax recoverable	1,761
Other assets	9,959	37,668
Total assets	1,518,236	1,518,856
Liabilities:
Reserves for loss and loss adjustment expenses	771,845	742,776
Unearned premiums	157,270	162,028
Reinsurance premiums payable		28
Amounts held for others	36,908	31,974
Policyholder deposits	48,364	49,130
Insurance-related assessments	28,246	31,742
Federal income tax payable		4,017
Accounts payable and other liabilities	37,076	31,510
Payable for investments purchased	13,104	9,501
Total liabilities	1,092,813	1,062,706
Shareholders’ equity:
Common stock: voting—$0.01 par value authorized shares—50,000,000 in 2017 and 2016; 20,504,165 and 20,488,385 shares issued and 19,245,915 and 19,230,135 shares outstanding in 2017 and 2016, respectively	204	204
Additional paid-in capital	210,081	208,390
Treasury stock at cost (1,258,250 shares in 2017 and 2016)	(22,370)	(22,370)
Accumulated earnings	233,896	270,418
Accumulated other comprehensive income (loss), net	3,612	(492)
Total shareholders’ equity	425,423	456,150
Total liabilities and shareholders’ equity	$ 1,518,236	$ 1,518,856