CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands		Sep. 30, 2023	Dec. 31, 2022
ASSETS
Available-for-sale debt securities, at fair value, net of allowance for credit loss of $683 and $920 (amortized cost: $1,173,967 and $1,152,852)		$ 1,031,558	$ 1,014,626
Equity securities, at fair value (cost: $92,554 and $102,431)		76,995	85,469
Investment real estate, net		5,572	5,711
Total invested assets		1,114,125	1,105,806
Cash and cash equivalents		343,532	388,706
Restricted cash and cash equivalents	[1]	69,488	2,635
Prepaid reinsurance premiums		379,501	282,427
Reinsurance recoverable		322,986	808,850
Premiums receivable, net		88,536	69,574
Property and equipment, net		48,729	51,404
Deferred policy acquisition costs		114,590	103,654
Income taxes recoverable		2,026	1,528
Deferred income tax asset, net		49,326	57,258
Other assets		26,016	18,312
Total assets		2,558,855	2,890,154
LIABILITIES:
Unpaid losses and loss adjustment expenses		551,007	1,038,790
Unearned premiums		1,040,067	943,854
Advance premium		76,030	54,964
Book overdraft		12,208	0
Reinsurance payable, net		388,294	384,504
Commission payable		22,751	18,541
Other liabilities and accrued expenses		64,800	58,836
Long-term debt, net		102,196	102,769
Total liabilities		2,257,353	2,602,258
Commitments and Contingencies (Note 12)
STOCKHOLDERS’ EQUITY:
Cumulative convertible preferred stock		0	0
Common stock		473	472
Treasury shares, at cost - 18,080 and 16,790		(257,143)	(238,758)
Additional paid-in capital		115,922	112,509
Accumulated other comprehensive income (loss), net of taxes		(107,115)	(103,782)
Retained earnings		549,365	517,455
Total stockholders’ equity		301,502	287,896
Total liabilities and stockholders’ equity		$ 2,558,855	$ 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.