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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities—held-to-maturity, at amortized cost (fair value $599,885 and $639,309 in 2018 and 2017, respectively) $ 602,830 $ 629,668
Fixed maturity securities—available-for-sale, at fair value (cost $473,315 and $461,236 in 2018 and 2017, respectively) 468,019 465,594
Equity securities, at fair value (cost $14,532 and $8,503 in 2018 and 2017, respectively) 14,791 9,282
Short-term investments 104,896 25,770
Total investments 1,190,536 1,130,314
Cash and cash equivalents 33,324 55,559
Amounts recoverable from reinsurers 109,269 90,133
Premiums receivable, net of allowance 178,625 174,234
Deferred income taxes 19,898 19,262
Accrued interest receivable 10,776 10,635
Property and equipment, net 6,462 6,128
Deferred policy acquisition costs 21,326 20,251
Federal income tax recoverable   1,761
Other assets 16,753 9,959
Total assets 1,586,969 1,518,236
Liabilities:    
Reserves for loss and loss adjustment expenses 791,129 771,845
Unearned premiums 165,167 157,270
Amounts held for others 40,269 36,908
Policyholder deposits 47,624 48,364
Insurance-related assessments 29,814 28,246
Federal income tax payable 1,558  
Accounts payable and other liabilities 38,996 37,076
Payable for investments purchased 13,416 13,104
Total liabilities 1,127,973 1,092,813
Shareholders’ equity:    
Common stock: voting—$0.01 par value authorized shares—50,000,000 in 2018 and 2017; 20,528,230 and 20,504,165 shares issued and 19,269,980 and 19,245,915 shares outstanding in 2018 and 2017, respectively 205 204
Additional paid-in capital 211,156 210,081
Treasury stock, at cost (1,258,250 shares in 2018 and 2017) (22,370) (22,370)
Accumulated earnings 274,206 233,896
Accumulated other comprehensive income (loss), net (4,201) 3,612
Total shareholders’ equity 458,996 425,423
Total liabilities and shareholders’ equity $ 1,586,969 $ 1,518,236