Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Investments:
Fixed maturities, available for sale, at fair value (amortized cost: $1,168,666 and $1,192,357; allowance for expected credit losses of $2,471 at June 30, 2020)	$ 1,219,714	$ 1,228,040
Equity securities, at fair value (cost: $164,991 and $151,121)	178,347	177,637
Other invested assets	35,526	37,278
Total investments	1,433,587	1,442,955
Cash and cash equivalents	44,757	44,407
Accounts receivable, net of allowance for expected credit losses of $914 at June 30, 2020	199,356	193,369
Receivable for securities sold	2,523	1,784
Accrued investment income	8,000	8,404
Taxes recoverable	411	1,003
Receivable from reinsurers related to paid loss and loss adjustment expenses	16,018	11,319
Receivable from reinsurers related to unpaid loss and loss adjustment expenses	116,378	122,372
Ceded unearned premiums	26,073	35,182
Deferred policy acquisition costs	77,350	74,287
Equity and deposits in pools	34,118	29,791
Operating lease right-of-use-assets	33,092	33,998
Other assets	27,251	23,798
Total assets	2,018,914	2,022,669
Liabilities
Loss and loss adjustment expense reserves	599,747	610,566
Unearned premium reserves	440,007	442,219
Accounts payable and accrued liabilities	60,518	75,016
Payable for securities purchased	7,451	6,377
Payable to reinsurers	11,794	12,911
Deferred income taxes	4,413	5,717
Long-term Line of Credit	30,000	0
Operating lease liabilities	33,092	33,998
Other liabilities	14,914	27,459
Total liabilities	1,201,936	1,214,263
Commitments and contingencies (Note 8)
Shareholders' equity
Common stock: $0.01 par value; 30,000,000 shares authorized; 17,724,866 and 17,662,779 shares issued	177	177
Additional paid-in capital	206,130	202,321
Accumulated other comprehensive income, net of taxes	42,302	28,190
Retained earnings	674,349	661,553
Treasury stock, at cost: 2,581,414 and 2,279,570 shares	(105,980)	(83,835)
Total shareholders' equity	816,978	808,406
Total liabilities and shareholders' equity	$ 2,018,914	$ 2,022,669