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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Investments:    
Debt securities, available-for-sale, at fair value (amortized cost; $564,602 in 2019 and $550,268 in 2018) $ 568,831 $ 545,870
Equity securities (cost; $68,737 in 2019 and $68,709 in 2018) 92,099 80,896
Other investments (cost; $3,763 in 2019 and $3,763 in 2018) 3,009 1,148
Total investments 663,939 627,914
Cash and cash equivalents 64,045 35,594
Restricted cash 1,697 4,877
Ceded unearned premiums 164,046 133,031
Premiums receivable 140,580 119,778
Accounts receivable 1,646 1,619
Receivable for securities 6,351 3,369
Reinsurance recoverable 313,552 252,029
Deferred policy acquisition costs 21,904 14,291
Goodwill 44,695 44,695
Intangible assets, net 5,706 7,555
Deferred federal income taxes, net 556 4,983
Prepaid expenses 1,551 2,588
Other assets 33,266 12,571
Total assets 1,463,534 1,264,894
Liabilities:    
Senior unsecured notes due 2029 (less unamortized debt issuance cost of $966 in 2019) 49,034  
Revolving credit facility payable   30,000
Subordinated debt securities (less unamortized debt issuance cost of $859 in 2019 and $898 in 2018) 55,843 55,804
Reserves for unpaid losses and loss adjustment expenses 565,296 527,247
Unearned premiums 380,066 298,061
Reinsurance balances payable 61,799 67,328
Pension liability 1,410 2,018
Payable for securities 1,952 698
Federal income tax payable 680 4
Accounts payable and other accrued expenses 51,021 28,202
Total liabilities 1,167,101 1,009,362
Commitments and contingencies (Note 18)
Stockholders' equity:    
Common stock, $.18 par value, authorized 33,333,333 shares; issued 20,872,831 shares in 2019 and 2018 3,757 3,757
Additional paid-in capital 123,095 123,168
Retained earnings 194,536 161,195
Accumulated other comprehensive income (loss) 246 (6,660)
Treasury stock (2,749,738 shares in 2019 and 2,846,131 in 2018), at cost (25,201) (25,928)
Total stockholders' equity 296,433 255,532
Total liabilities and stockholders' equity $ 1,463,534 $ 1,264,894