Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues
Gross premiums written	$ 82,629	$ 85,324	$ 262,754	$ 276,368
Ceded premiums written	(2,170)	(2,283)	(6,804)	(6,982)
Net premiums written	80,459	83,041	255,950	269,386
Net premiums earned	82,712	85,184	250,611	261,489
Net investment income	8,264	7,884	24,448	22,396
Net realized losses on investments	(4)	(329)	(27)	(1,471)
Net unrealized gains on equity securities	365	573	3,165	259
Fee and other income	151	217	234	411
Total revenues	91,488	93,529	278,431	283,084
Expenses
Loss and loss adjustment expenses incurred	44,325	47,598	142,807	152,836
Underwriting and certain other operating costs	6,736	8,011	21,704	23,842
Commissions	6,153	6,416	18,764	19,526
Salaries and benefits	6,396	6,179	19,202	18,786
Policyholder dividends	1,265	865	3,363	3,290
Total expenses	64,875	69,069	205,840	218,280
Income before income taxes	26,613	24,460	72,591	64,804
Income tax expense	5,227	4,759	13,915	11,978
Net income	$ 21,386	$ 19,701	$ 58,676	$ 52,826
Earnings per share
Basic	$ 1.11	$ 1.03	$ 3.05	$ 2.75
Diluted	$ 1.11	$ 1.02	$ 3.04	$ 2.74
Shares used in computing earnings per share
Basic	19,256,069	19,216,545	19,243,689	19,204,196
Diluted	19,302,551	19,272,984	19,320,199	19,281,036
Cash dividends declared per common share	$ 0.25	$ 0.22	$ 0.75	$ 0.66