Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investments
Fixed maturities, available for sale, at fair value; amortized cost, $2,241,304 and $2,116,825, respectively	$ 2,288,785	$ 2,093,798
Fixed maturities, trading, at fair value; cost, $46,772 and $38,445, respectively	47,284	38,188
Equity investments, at fair value; cost, $227,873 and $450,931, respectively	250,552	442,937
Short-term investments	339,907	308,319
Business owned life insurance	66,112	64,096
Investment in unconsolidated subsidiaries	358,820	367,757
Other investments, $36,018 and $31,344 at fair value, respectively, otherwise at cost or amortized cost	38,949	34,287
Total Investments	3,390,409	3,349,382
Cash and cash equivalents	175,369	80,471
Premiums receivable	249,540	261,466
Receivable from reinsurers on paid losses and loss adjustment expenses	12,739	11,558
Receivable from reinsurers on unpaid losses and loss adjustment expenses	390,708	343,820
Prepaid reinsurance premiums	42,796	40,631
Deferred policy acquisition costs	55,567	54,116
Deferred tax asset, net	44,387	29,108
Real estate, net	30,410	31,114
Operating lease ROU assets	21,074
Intangible assets, net	70,757	76,776
Goodwill	210,725	210,725
Other assets	111,118	111,559
Total Assets	4,805,599	4,600,726
Policy liabilities and accruals
Reserve for losses and loss adjustment expenses	2,346,526	2,119,847
Unearned premiums	413,086	415,211
Reinsurance premiums payable	52,946	55,614
Total Policy Liabilities	2,812,558	2,590,672
Operating lease liabilities	22,051
Other liabilities	173,256	199,295
Debt less unamortized debt issuance costs	285,821	287,757
Total Liabilities	3,293,686	3,077,724
Shareholders' Equity
Common shares, par value $0.01 per share, 100,000,000 shares authorized, 63,117,235 and 62,989,421 shares issued, respectively	631	630
Additional paid-in capital	384,551	384,713
Accumulated other comprehensive income (loss), net of deferred tax expense (benefit) of $9,795 and ($4,355), respectively	36,955	(16,911)
Retained earnings	1,505,738	1,571,847
Treasury shares, at cost, 9,325,180 shares and 9,352,373 shares, respectively	(415,962)	(417,277)
Total Shareholders’ Equity	1,511,913	1,523,002
Total Liabilities and Shareholders' Equity	$ 4,805,599	$ 4,600,726