Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Investments:
Fixed maturity securities—held-to-maturity, at amortized cost (fair value $616,772 and $639,309 in 2018 and 2017, respectively)	$ 613,878	$ 629,668
Fixed maturity securities—available-for-sale, at fair value (cost $479,772 and $461,236 in 2018 and 2017, respectively)	478,730	465,594
Equity securities, at fair value (cost $19,962 and $8,503 in 2018 and 2017, respectively)	18,651	9,282
Short-term investments	14,231	25,770
Total investments	1,125,490	1,130,314
Cash and cash equivalents	40,344	55,559
Amounts recoverable from reinsurers	112,006	90,133
Premiums receivable, net of allowance	162,478	174,234
Deferred income taxes	21,852	19,262
Accrued interest receivable	10,197	10,635
Property and equipment, net	6,258	6,128
Deferred policy acquisition costs	19,734	20,251
Federal income tax recoverable		1,761
Other assets	17,572	9,959
Total assets	1,515,931	1,518,236
Liabilities:
Reserves for loss and loss adjustment expenses	798,409	771,845
Unearned premiums	149,296	157,270
Amounts held for others	41,388	36,908
Policyholder deposits	46,795	48,364
Insurance-related assessments	28,258	28,246
Federal income tax payable	3,412
Accounts payable and other liabilities	38,611	37,076
Payable for investments purchased		13,104
Total liabilities	1,106,169	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	211,431	210,081
Treasury stock, at cost (1,258,250 shares in 2018 and 2017)	(22,370)	(22,370)
Accumulated earnings	221,328	233,896
Accumulated other comprehensive income (loss), net	(832)	3,612
Total shareholders’ equity	409,762	425,423
Total liabilities and shareholders’ equity	$ 1,515,931	$ 1,518,236