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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Investments:    
Fixed maturity securities—held-to-maturity, at amortized cost (fair value $568,931 and $662,276 in 2016 and 2015, respectively) $ 562,434 $ 645,164
Fixed maturity securities—available-for-sale, at fair value (cost $479,871 and $376,109 in 2016 and 2015, respectively) 479,097 380,022
Equity securities—available-for-sale, at fair value (cost $0, in 2016 and 2015) 33 31
Short-term investments 29,580 7,718
Other investments 13,330 12,217
Total investments 1,084,474 1,045,152
Cash and cash equivalents 58,936 69,481
Amounts recoverable from reinsurers 83,666 91,077
Premiums receivable, net of allowance 183,005 185,364
Deferred income taxes 33,811 29,905
Accrued interest receivable 11,360 11,685
Property and equipment, net 6,636 6,181
Deferred policy acquisition costs 19,300 20,412
Other assets 37,668 42,788
Total assets 1,518,856 1,502,045
Liabilities:    
Reserves for loss and loss adjustment expenses 742,776 718,033
Unearned premiums 162,028 167,983
Reinsurance premiums payable 28 154
Amounts held for others 31,974 49,790
Policyholder deposits 49,130 48,380
Insurance-related assessments 31,742 32,329
Federal income tax payable 4,017 911
Accounts payable and other liabilities 31,510 30,484
Payable for investments purchased 9,501  
Total liabilities 1,062,706 1,048,064
Shareholders’ equity:    
Voting—$0.01 par value authorized shares—50,000,000 in 2016 and 2015; 20,488,385 and 20,388,396 shares issued and 19,230,135 and 19,130,146 shares outstanding in 2016 and 2015, respectively 204 203
Additional paid-in capital 208,390 204,688
Treasury stock at cost (1,258,250 shares in 2016 and 2015) (22,370) (22,370)
Accumulated earnings 270,418 268,873
Accumulated other comprehensive income (loss), net (492) 2,587
Total shareholders’ equity 456,150 453,981
Total liabilities and shareholders’ equity $ 1,518,856 $ 1,502,045