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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Fixed maturities    
Held-to-maturity, at amortized cost (fair value $150 in 2018 and $150 in 2017) $ 150 $ 150
Available-for-sale, at fair value (amortized cost $1,811,473 in 2018 and $1,516,610 in 2017) 1,792,019 1,535,070
Trading securities, at fair value (amortized cost $12,704 in 2018 and $14,582 in 2017) 14,705 16,842
Equity securities at fair value (cost $64,092 in 2018 and $63,275 in 2017) 260,979 287,344
Mortgage loans 9,896 0
Other long-term investments 43,949 49,352
Short-term investments 175 175
Total investments 2,121,873 1,888,933
Cash and cash equivalents 100,840 95,562
Accrued investment income 15,716 13,841
Premiums receivable (net of allowance for doubtful accounts of $988 in 2018 and $1,255 in 2017) 380,242 328,513
Deferred policy acquisition costs 95,065 88,102
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $53,603 in 2018 and $51,603 in 2017) 80,128 68,992
Reinsurance receivables and recoverables 58,810 63,194
Prepaid reinsurance premiums 4,902 3,749
Deferred tax asset 4,482 0
Income taxes receivable 0 6,031
Goodwill and intangible assets 23,606 23,971
Other assets 16,512 16,409
Assets held for sale 0 1,586,134
TOTAL ASSETS 2,902,176 4,183,431
Liabilities    
Losses and loss settlement expenses 1,240,847 1,224,183
Unearned premiums 517,732 465,391
Accrued expenses and other liabilities 173,458 167,396
Income taxes payable 5,539 0
Deferred income taxes 0 5,953
Liabilities held for sale 0 1,347,135
TOTAL LIABILITIES 1,937,576 3,210,058
Stockholders’ Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,043,967 and 24,916,806 shares issued and outstanding in 2018 and 2017, respectively 25 25
Additional paid-in capital 199,442 196,334
Retained earnings 824,431 608,700
Accumulated other comprehensive income (loss), net of tax (59,298) 168,314
TOTAL STOCKHOLDERS’ EQUITY 964,600 973,373
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,902,176 $ 4,183,431