Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Investments:
Fixed maturities, available for sale, at fair value (amortized cost: $1,166,780 and $1,192,357, allowance for expected credit losses of $2,289 at September 30, 2020)	$ 1,225,157	$ 1,228,040
Equity securities, at fair value (cost: $171,363 and $151,121)	192,240	177,637
Other invested assets	42,603	37,278
Total investments	1,460,000	1,442,955
Cash and cash equivalents	59,749	44,407
Accounts receivable, net of allowance for credit losses of $959 at September 30, 2020	193,967	193,369
Receivable for securities sold	862	1,784
Accrued investment income	9,144	8,404
Taxes recoverable		1,003
Receivable from reinsurers related to paid loss and loss adjustment expenses	17,880	11,319
Receivable from reinsurers related to unpaid loss and loss adjustment expenses	107,783	122,372
Ceded unearned premiums	22,309	35,182
Deferred policy acquisition costs	79,779	74,287
Equity and deposits in pools	37,265	29,791
Operating lease right-of-use-assets	32,004	33,998
Other assets	26,368	23,798
Total assets	2,047,110	2,022,669
Liabilities
Loss and loss adjustment expense reserves	586,489	610,566
Unearned premium reserves	447,157	442,219
Accounts payable and accrued liabilities	71,315	75,016
Payable for securities purchased	11,756	6,377
Payable to reinsurers	19,335	12,911
Deferred income taxes	8,886	5,717
Taxes payable	160
Debt	30,000	0
Operating lease liabilities	32,004	33,998
Other liabilities	2,157	27,459
Total liabilities	1,209,259	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	178	177
Additional paid-in capital	208,113	202,321
Accumulated other comprehensive income, net of taxes	47,925	28,190
Retained earnings	705,469	661,553
Treasury stock, at cost: 2,831,168 and 2,279,570 shares	(123,834)	(83,835)
Total shareholders' equity	837,851	808,406
Total liabilities and shareholders' equity	$ 2,047,110	$ 2,022,669