Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investments:
Fixed maturity securities—held-to-maturity, at amortized cost (fair value $621,343 and $616,772 in 2019 and 2018, respectively)	$ 599,421	$ 613,878
Fixed maturity securities—available-for-sale, at fair value (amortized cost $425,698 and $479,772 in 2019 and 2018, respectively)	441,146	478,730
Equity securities, at fair value (cost $24,457 and $19,962 in 2019 and 2018, respectively)	27,903	18,651
Short-term investments	56,548	14,231
Total investments	1,125,018	1,125,490
Cash and cash equivalents	43,813	40,344
Amounts recoverable from reinsurers	95,913	112,006
Premiums receivable, net of allowance	157,953	162,478
Deferred income taxes	17,513	21,852
Accrued interest receivable	9,730	10,197
Property and equipment, net	6,331	6,258
Deferred policy acquisition costs	19,048	19,734
Other assets	17,587	17,572
Total assets	1,492,906	1,515,931
Liabilities:
Reserves for loss and loss adjustment expenses	772,887	798,409
Unearned premiums	140,873	149,296
Amounts held for others	37,937	41,388
Policyholder deposits	44,718	46,795
Insurance-related assessments	22,967	28,258
Federal income tax payable	3,220	3,412
Accounts payable and other liabilities	40,089	38,611
Total liabilities	1,062,691	1,106,169
Shareholders’ equity:
Common stock: voting—$0.01 par value authorized shares—50,000,000 in 2019 and 2018; 20,560,833 and 20,528,230 shares issued and 19,302,583 and 19,269,980 shares outstanding in 2019 and 2018, respectively	205	205
Additional paid-in capital	213,004	211,431
Treasury stock, at cost (1,258,250 shares in 2019 and 2018)	(22,370)	(22,370)
Accumulated earnings	227,165	221,328
Accumulated other comprehensive income (loss), net	12,211	(832)
Total shareholders’ equity	430,215	409,762
Total liabilities and shareholders’ equity	$ 1,492,906	$ 1,515,931