Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Investments:
Fixed maturities, available for sale, at fair value (amortized cost: $1,159,859 and $1,192,357; allowance for expected credit losses of $2,510 at March 31, 2020)	$ 1,165,455	$ 1,228,040
Equity securities, at fair value (cost: $153,359 and $151,121)	149,888	177,637
Other invested assets	41,881	37,278
Total investments	1,357,224	1,442,955
Cash and cash equivalents	41,567	44,407
Accounts receivable, net of allowance for expected credit losses of $334 at March 31, 2020	189,671	193,369
Receivable for securities sold	1,067	1,784
Accrued investment income	9,152	8,404
Taxes recoverable		1,003
Receivable from reinsurers related to paid loss and loss adjustment expenses	14,039	11,319
Receivable from reinsurers related to unpaid loss and loss adjustment expenses	121,337	122,372
Ceded unearned premiums	30,191	35,182
Deferred policy acquisition costs	72,132	74,287
Deferred income taxes	6,001
Equity and deposits in pools	30,004	29,791
Operating lease right-of-use-assets	34,256	33,998
Other assets	24,078	23,798
Total assets	1,930,719	2,022,669
Liabilities
Loss and loss adjustment expense reserves	608,693	610,566
Unearned premium reserves	428,291	442,219
Accounts payable and accrued liabilities	55,911	75,016
Payable for securities purchased	4,343	6,377
Payable to reinsurers	2,446	12,911
Deferred income taxes		5,717
Taxes payable	543
Debt.	30,000
Operating lease liabilities	34,256	33,998
Other liabilities	4,127	27,459
Total liabilities	1,168,610	1,214,263
Commitments and contingencies (Note 8)
Shareholders' equity
Common stock: $0.01 par value; 30,000,000 shares authorized; 17,732,359 and 17,662,779 shares issued	177	177
Additional paid-in capital	204,064	202,321
Accumulated other comprehensive income, net of taxes	6,404	28,190
Retained earnings	645,691	661,553
Treasury stock, at cost: 2,422,862 and 2,279,570 shares	(94,227)	(83,835)
Total shareholders' equity	762,109	808,406
Total liabilities and shareholders' equity	$ 1,930,719	$ 2,022,669