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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Fixed maturities    
Available-for-sale, at fair value (amortized cost $1,595,817 in 2020 and $1,659,760 in 2019; allowance for credit losses $10 in 2020 and $— in 2019) $ 1,696,166 $ 1,719,607
Trading securities, at fair value (amortized cost $8,916 in 2020 and $11,941 in 2019) 11,223 15,256
Equity securities at fair value (cost $63,615 in 2020 and $67,529 in 2019) 207,626 299,203
Mortgage loans 47,685 42,520
Less: allowance for mortgage loan losses 76 72
Mortgage loans, net 47,609 42,448
Other long-term investments 68,941 78,410
Short-term investments 175 175
Total investments 2,031,740 2,155,099
Cash and cash equivalents 146,262 120,722
Accrued investment income 14,485 15,182
Premiums receivable (net of allowance for doubtful accounts of $947 in 2020 and $1,239 in 2019) 376,808 357,632
Deferred policy acquisition costs 97,566 94,292
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $52,630 in 2020 and $50,183 in 2019) 126,036 116,989
Reinsurance receivables and recoverables (net of allowance for credit losses of $41 in 2020 and $— in 2019) 127,881 72,369
Prepaid reinsurance premiums 14,506 9,550
Goodwill and intangible assets 22,188 22,542
Income taxes receivable 38,374 19,190
Other assets 39,067 29,905
TOTAL ASSETS 3,034,913 3,013,472
Liabilities    
Future policy benefits and losses, claims and loss settlement expenses
Losses and loss settlement expenses 1,477,689 1,421,754
Unearned premiums 530,801 505,162
Accrued expenses and other liabilities 151,257 155,498
Deferred tax liability 14,499 20,586
TOTAL LIABILITIES 2,174,246 2,103,000
Stockholders’ Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,031,234 and 25,015,963 shares issued and outstanding in 2020 and 2019, respectively 25 25
Additional paid-in capital 199,796 200,179
Retained earnings 613,996 697,116
Accumulated other comprehensive income, net of tax 46,850 13,152
TOTAL STOCKHOLDERS’ EQUITY 860,667 910,472
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,034,913 $ 3,013,472