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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Fixed maturities    
Available-for-sale, at fair value (amortized cost $1,709,100 in 2019 and $1,761,289 in 2018) $ 1,730,563 $ 1,749,488
Trading securities, at fair value (amortized cost $12,699 in 2019 and $11,277 in 2018) 16,409 13,240
Equity securities at fair value (cost $63,708 in 2019 and $64,819 in 2018) 269,843 248,361
Mortgage loans 34,209 25,782
Other long-term investments 40,929 37,077
Short-term investments 175 175
Total investments 2,092,128 2,074,123
Cash and cash equivalents 95,536 64,454
Accrued investment income 16,483 15,774
Premiums receivable (net of allowance for doubtful accounts of $1,125 in 2019 and $785 in 2018) 365,186 346,825
Deferred policy acquisition costs 95,891 92,796
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $40,856 in 2019 and $39,894 in 2018) 108,223 97,194
Reinsurance receivables and recoverables 56,617 61,337
Prepaid reinsurance premiums 7,506 7,063
Deferred tax asset 0 912
Income taxes receivable 4,388 15,035
Goodwill and intangible assets 23,074 23,252
Other assets 38,967 17,933
TOTAL ASSETS 2,903,999 2,816,698
Liabilities    
Losses and loss settlement expenses 1,303,496 1,312,483
Unearned premiums 510,713 492,918
Accrued expenses and other liabilities 123,563 122,922
Deferred income liability 11,036 0
TOTAL LIABILITIES 1,948,808 1,928,323
Stockholders’ Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,167,822 and 25,097,408 shares issued and outstanding in 2019 and 2018, respectively 25 25
Additional paid-in capital 206,788 203,350
Retained earnings 751,683 715,472
Accumulated other comprehensive income (loss), net of tax (3,305) (30,472)
TOTAL STOCKHOLDERS’ EQUITY 955,191 888,375
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,903,999 $ 2,816,698