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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Investments    
Fixed maturities available for sale, at fair value (amortized cost: 2019 — $2,967,225; 2018 — $2,638,950) $ 3,035,385 $ 2,605,666
Short-term investments available for sale, at fair value (amortized cost: 2019 — $315,360; 2018 — $154,400) 315,362 154,400
Total investments available for sale 3,350,747 2,760,066
Other invested assets 78,873 30,952
Total investments 3,429,620 2,791,018
Cash 71,350 64,946
Accrued investment income 18,535 17,627
Accounts receivable 40,655 36,881
Deferred policy acquisition costs 15,705 16,049
Property and equipment (at cost, less accumulated depreciation of $57,639 in 2019 and $53,870 in 2018) 17,308 7,629
Prepaid federal income tax 261,885 202,385
Other assets 18,367 13,436
Total assets 3,873,425 3,149,971
Liabilities    
Reserve for losses and LAE 69,362 49,464
Unearned premium reserve 278,887 295,467
Net deferred tax liability 249,620 172,642
Credit facility borrowings (at carrying value, less unamortized deferred costs of $763 in 2019 and $1,336 in 2018) 224,237 223,664
Other accrued liabilities 66,474 43,017
Total liabilities 888,580 784,254
Commitments and contingencies (see Note 8)
Stockholders' Equity    
Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 98,394 shares in 2019 and 98,139 shares in 2018 1,476 1,472
Additional paid-in capital 1,118,655 1,110,800
Accumulated other comprehensive income (loss) 56,187 (28,993)
Retained earnings 1,808,527 1,282,438
Total stockholders' equity 2,984,845 2,365,717
Total liabilities and stockholders' equity $ 3,873,425 $ 3,149,971