Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating activities
Net income	$ 27,918	$ 32,966
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	558	699
Net amortization of investments	847	1,872
Change in investment related allowance for credit losses	(33)	(35)
Deferred income taxes	(750)	(1,102)
Net realized (gains) losses on investments	339	(333)
Net unrealized gains on equity securities	(4,718)	(3,417)
Net realized losses on disposal of assets	209	2
Share-based compensation	1,398	646
Changes in operating assets and liabilities:
Premiums receivable, net	(20,454)	(18,666)
Accrued interest receivable	98	41
Deferred policy acquisition costs	(1,531)	(1,526)
Other assets	(1,648)	(180)
Reserves for loss and loss adjustment expenses	(10,009)	(11,424)
Unearned premiums	11,470	11,268
Reinsurance balances	5,722	2,585
Amounts held for others and policyholder deposits	(5,646)	2,750
Federal income taxes recoverable	226	3,754
Accounts payable and other liabilities	918	843
Net cash provided by operating activities	4,914	20,743
Investing activities
Purchases of investments held-to-maturity	(5,465)	(9,596)
Purchases of investments available-for-sale	(6,639)	(38,107)
Purchases of short-term investments	(46,957)	(46,347)
Proceeds from maturities of investments held-to-maturity	22,393	24,488
Proceeds from sales and maturities of investments available-for-sale	35,313	20,818
Proceeds from sales of equity securities	7,933	262
Proceeds from sales and maturities of short-term investments	0	14,175
Purchases of property and equipment	(802)	(37)
Net cash provided by (used in) investing activities	5,776	(34,344)
Financing activities
Finance lease purchases	(42)	(47)
Share-based compensation related tax withholding	(429)	(779)
Purchase of treasury stock	(4,113)	0
Dividends to shareholders	(14,177)	(13,120)
Net cash used in financing activities	(18,761)	(13,946)
Change in cash and cash equivalents	(8,071)	(27,547)
Cash and cash equivalents at beginning of period	38,682	61,469
Cash and cash equivalents at end of period	$ 30,611	$ 33,922