Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Investments:
Fixed maturity securities—held-to-maturity, at amortized cost net of allowance for credit losses of $274 and $0 in 2020 and 2019, respectively, (fair value $621,654 and $621,343 in 2020 and 2019, respectively)	$ 585,130	$ 599,421
Fixed maturity securities—available-for-sale, at fair value (amortized cost $387,665, allowance for credit losses of $0 in 2020 and amortized cost $425,698, allowance for credit losses of $0 in 2019)	414,279	441,146
Equity securities, at fair value (cost $35,787 and $24,457 in 2020 and 2019, respectively)	43,437	27,903
Short-term investments	45,898	56,548
Total investments	1,088,744	1,125,018
Cash and cash equivalents	61,757	43,813
Amounts recoverable from reinsurers (net of allowance for credit losses of $452 and $0 in 2020 and 2019, respectively)	105,803	95,913
Premiums receivable (net of allowance for credit losses of $4,791 and $5,112 in 2020 and 2019, respectively)	156,760	157,953
Deferred income taxes	13,665	17,513
Accrued interest receivable	9,274	9,730
Property and equipment, net	6,182	6,331
Deferred policy acquisition costs	17,810	19,048
Other assets	10,860	17,587
Total assets	1,470,855	1,492,906
Liabilities:
Reserves for loss and loss adjustment expenses	760,561	772,887
Unearned premiums	129,260	140,873
Amounts held for others	43,402	37,937
Policyholder deposits	41,524	44,718
Insurance-related assessments	17,995	22,967
Federal income tax payable	417	3,220
Accounts payable and other liabilities	38,880	40,089
Total liabilities	1,032,039	1,062,691
Shareholders’ equity:
Common stock: voting—$0.01 par value authorized shares—50,000,000 in 2020 and 2019; 20,589,309 and 20,560,833 shares issued and 19,331,059 and 19,302,583 shares outstanding in 2020 and 2019, respectively	206	205
Additional paid-in capital	215,316	213,004
Treasury stock, at cost (1,258,250 shares in 2020 and 2019)	(22,370)	(22,370)
Accumulated earnings	224,645	227,165
Accumulated other comprehensive income, net	21,019	12,211
Total shareholders’ equity	438,816	430,215
Total liabilities and shareholders’ equity	$ 1,470,855	$ 1,492,906