XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities—held-to-maturity, at amortized cost (fair value $607,072 and $639,309 in 2018 and 2017, respectively) $ 605,877 $ 629,668
Fixed maturity securities—available-for-sale, at fair value (cost $443,358 and $461,236 in 2018 and 2017, respectively) 440,762 465,594
Equity securities—available-for-sale, at fair value (cost $13,590 and $8,503 in 2018 and 2017, respectively) 13,590 9,282
Short-term investments 106,811 25,770
Total investments 1,167,040 1,130,314
Cash and cash equivalents 21,176 55,559
Amounts recoverable from reinsurers 98,961 90,133
Premiums receivable, net of allowance 189,892 174,234
Deferred income taxes 19,891 19,262
Accrued interest receivable 10,458 10,635
Property and equipment, net 6,644 6,128
Deferred policy acquisition costs 21,601 20,251
Federal income tax recoverable 1,205 1,761
Other assets 17,413 9,959
Total assets 1,554,281 1,518,236
Liabilities:    
Reserves for loss and loss adjustment expenses 783,601 771,845
Unearned premiums 167,310 157,270
Amounts held for others 39,103 36,908
Policyholder deposits 47,956 48,364
Insurance-related assessments 30,070 28,246
Accounts payable and other liabilities 38,441 37,076
Payable for investments purchased 2,409 13,104
Total liabilities 1,108,890 1,092,813
Shareholders’ equity:    
Common stock: voting—$0.01 par value authorized shares—50,000,000 in 2018 and 2017; 20,528,230 and 20,504,165 shares issued and 19,269,980 and 19,245,915 shares outstanding in 2018 and 2017, respectively 205 204
Additional paid-in capital 210,895 210,081
Treasury stock, at cost (1,258,250 shares in 2018 and 2017) (22,370) (22,370)
Accumulated earnings 258,744 233,896
Accumulated other comprehensive income (loss), net (2,083) 3,612
Total shareholders’ equity 445,391 425,423
Total liabilities and shareholders’ equity $ 1,554,281 $ 1,518,236