CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
ASSETS
Available-for-sale debt securities, at fair value, net of allowance for credit loss of $758 and $920 (amortized cost: $1,179,059 and $1,152,852)		$ 1,051,508	$ 1,014,626
Equity securities, at fair value (cost: $89,846 and $102,431)		75,571	85,469
Investment real estate, net		5,618	5,711
Total invested assets		1,132,697	1,105,806
Cash and cash equivalents		291,681	388,706
Restricted cash and cash equivalents	[1]	68,636	2,635
Prepaid reinsurance premiums		525,489	282,427
Reinsurance recoverable		590,409	808,850
Premiums receivable, net		79,503	69,574
Property and equipment, net		49,538	51,404
Deferred policy acquisition costs		107,047	103,654
Income taxes recoverable		5,572	1,528
Deferred income tax asset, net		37,543	57,258
Other assets		29,895	18,312
Total assets		2,918,010	2,890,154
LIABILITIES:
Unpaid losses and loss adjustment expenses		663,019	1,038,790
Unearned premiums		982,390	943,854
Advance premium		91,011	54,964
Book overdraft		53,839	0
Reinsurance payable, net		607,552	384,504
Commission payable		24,415	18,541
Other liabilities and accrued expenses		58,725	58,836
Long-term debt, net		102,387	102,769
Total liabilities		2,583,338	2,602,258
Commitments and Contingencies (Note 12)
STOCKHOLDERS’ EQUITY:
Cumulative convertible preferred stock		0	0
Common stock		473	472
Treasury shares, at cost - 17,186 and 16,790		(244,846)	(238,758)
Additional paid-in capital		114,685	112,509
Accumulated other comprehensive income (loss), net of taxes		(95,857)	(103,782)
Retained earnings		560,217	517,455
Total stockholders’ equity		334,672	287,896
Total liabilities and stockholders’ equity		$ 2,918,010	$ 2,890,154

[1] See “—Note 5 (Insurance Operations)” for a discussion of the nature of the restrictions for restricted cash and cash equivalents and "—Note 14(Variable Interest Entities)” for a discussion of restricted cash held in a trust account.