Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net income	$ 23,463	$ 43,079
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	602	510
Net amortization of investments	3,896	4,702
Change in investment related allowance for credit losses	81	(117)
Deferred income taxes	(1,586)	552
Net realized gains on investments	(1,817)	(1,498)
Net unrealized (gains) losses on equity securities	8,902	(8,797)
Net realized gains on disposal of assets		(21)
Share-based compensation	841	1,307
Changes in operating assets and liabilities:
Premiums receivable, net	(8,207)	(8,398)
Accrued interest receivable	(148)	(81)
Deferred policy acquisition costs	(1,044)	(1,047)
Amounts held by others		70
Other assets	(1,500)	(729)
Reserves for loss and loss adjustment expenses	(20,387)	(15,592)
Unearned premiums	9,132	9,601
Reinsurance balances	2,294	(5,109)
Amounts held for others and policyholder deposits	1,446	2,383
Federal income taxes payable	6,125	1,827
Accounts payable and other liabilities	2,895	3,352
Net cash provided by operating activities	24,988	25,994
Investing activities
Purchases of investments held-to-maturity	(27,403)	(8,946)
Purchases of investments available-for-sale	(52,675)	(27,899)
Purchases of equity securities	(7,261)	(3,141)
Purchases of short-term investments	(25,327)	(94,448)
Proceeds from maturities of investments held-to-maturity	33,567	38,165
Proceeds from sales and maturities of investments available-for-sale	36,056	67,669
Proceeds from sales of equity securities	3,877
Proceeds from sales and maturities of short-term investments	47,545	10,288
Purchases of property and equipment	(1,032)	(589)
Proceeds from sales of property and equipment		23
Net cash provided by (used in) investing activities	7,347	(18,878)
Financing activities
Finance lease purchases	(23)	(21)
Purchase of treasury stock	5,701
Dividends to shareholders	(12,015)	(11,311)
Net cash used in financing activities	(17,739)	(11,332)
Change in cash and cash equivalents	14,596	(4,216)
Cash and cash equivalents at beginning of period	70,722	61,757
Cash and cash equivalents at end of period	$ 85,318	$ 57,541