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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Investments:    
Fixed maturity securities—held-to-maturity, at amortized cost (fair value $610,551 and $568,931 in 2017 and 2016, respectively) $ 599,096 $ 562,434
Fixed maturity securities—available-for-sale, at fair value (cost $459,116 and $479,871 in 2017 and 2016, respectively) 462,793 479,097
Equity securities—available-for-sale, at fair value (cost $5,006 and $0 in 2017 and 2016, respectively) 5,068 33
Short-term investments 46,635 29,580
Other investments 7,038 13,330
Total investments 1,120,630 1,084,474
Cash and cash equivalents 53,967 58,936
Amounts recoverable from reinsurers 84,147 83,666
Premiums receivable, net of allowance 190,646 183,005
Deferred income taxes 31,943 33,811
Accrued interest receivable 11,207 11,360
Property and equipment, net 6,345 6,636
Deferred policy acquisition costs 20,882 19,300
Federal income tax recoverable 177  
Other assets 39,543 37,668
Total assets 1,559,487 1,518,856
Liabilities:    
Reserves for loss and loss adjustment expenses 749,759 742,776
Unearned premiums 165,895 162,028
Reinsurance premiums payable   28
Amounts held for others 34,668 31,974
Policyholder deposits 48,318 49,130
Insurance-related assessments 31,801 31,742
Federal income tax payable   4,017
Accounts payable and other liabilities 36,099 31,510
Payable for investments purchased 11,555 9,501
Total liabilities 1,078,095 1,062,706
Shareholders’ equity:    
Common stock: voting—$0.01 par value authorized shares—50,000,000 in 2017 and 2016; 20,502,273 and 20,488,385 shares issued and 19,244,023 and 19,230,135 shares outstanding in 2017 and 2016, respectively 204 204
Additional paid-in capital 209,414 208,390
Treasury stock at cost (1,258,250 shares in 2017 and 2016) (22,370) (22,370)
Accumulated earnings 291,728 270,418
Accumulated other comprehensive income (loss), net 2,416 (492)
Total shareholders’ equity 481,392 456,150
Total liabilities and shareholders’ equity $ 1,559,487 $ 1,518,856