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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost $1,997,276 in 2025 and $1,961,531 in 2024) $ 1,931,091 $ 1,868,331
Mortgage loans (less allowance for credit loss of $41 in 2025 and $45 in 2024) 40,765 40,922
Other long-term investments 193,090 183,741
Short-term investments 590 100
Total investments 2,165,536 2,093,094
Cash and cash equivalents 183,678 200,949
Accrued investment income 15,441 15,795
Premiums receivable (net of allowance for doubtful accounts of $1,276 in 2025 and $1,604 in 2024) 452,643 450,801
Deferred policy acquisition costs 151,850 147,224
Property and equipment at cost (less accumulated depreciation of $78,138 in 2025 and $75,866 in 2024) 136,245 136,021
Reinsurance receivables (net of allowance for credit losses of $109 in 2025 and $103 in 2024) 232,220 230,828
Prepaid reinsurance premiums 44,137 44,892
Intangible assets 3,729 3,906
Deferred tax asset 19,700 23,018
Income taxes receivable 7,897 14,181
Other assets 115,188 127,760
Total assets 3,528,264 3,488,469
Liabilities    
Losses and loss settlement expenses 1,816,459 1,796,782
Unearned premium 644,231 621,448
Accrued expenses and other liabilities 132,805 171,649
Long term debt 117,107 117,059
Total liabilities 2,710,602 2,706,938
Stockholders' Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,446,516 and 25,378,291 shares issued and outstanding in 2025 and 2024, respectively 25 25
Additional paid-in capital 216,877 215,851
Retained earnings 634,002 620,436
Accumulated other comprehensive income (loss), net of tax (33,242) (54,781)
Total stockholders' equity 817,662 781,531
Total liabilities and stockholders' equity $ 3,528,264 $ 3,488,469