Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investments:
Fixed maturities, available for sale, at fair value (amortized cost: $1,187,857 and $1,189,951, allowance for expected credit losses of $691 and $1,054)	$ 1,218,279	$ 1,256,653
Short term investments, at fair value (cost: $0 and $441)		441
Equity securities, at fair value (cost: $211,848 and $168,289)	264,945	205,254
Other invested assets	87,911	45,239
Total investments	1,571,135	1,507,587
Cash and cash equivalents	63,603	53,769
Accounts receivable, net of allowance for expected credit losses of $1,808 and $1,754	170,953	179,147
Receivable for securities sold	9,256	1,311
Accrued investment income	7,401	8,045
Taxes recoverable	1,508	279
Receivable from reinsurers related to paid loss and loss adjustment expenses	18,234	13,432
Receivable from reinsurers related to unpaid loss and loss adjustment expenses	90,667	106,311
Ceded unearned premiums	23,795	22,406
Deferred policy acquisition costs	73,024	74,962
Equity and deposits in pools	33,592	30,429
Operating lease right-of-use-assets	27,115	31,000
Other assets	27,108	25,595
Total assets	2,117,391	2,054,273
Liabilities
Loss and loss adjustment expense reserves	570,651	567,581
Unearned premium reserves	413,487	421,901
Accounts payable and accrued liabilities	76,598	79,486
Payable for securities purchased	16,477	7,144
Payable to reinsurers	9,192	8,236
Deferred income taxes	15,240	17,611
Debt	30,000	30,000
Operating lease liabilities	27,115	31,000
Other liabilities	31,458	6,635
Total liabilities	1,190,218	1,169,594
Commitments and contingencies (Note 8)
Shareholders' equity
Common stock: $0.01 par value; 30,000,000 shares authorized; 17,813,370 and 17,724,866 shares issued	178	178
Additional paid-in capital	216,070	209,779
Accumulated other comprehensive income, net of taxes	24,579	53,527
Retained earnings	821,743	745,029
Treasury stock, at cost: 2,970,573 and 2,831,168 shares	(135,397)	(123,834)
Total shareholders' equity	927,173	884,679
Total liabilities and shareholders' equity	$ 2,117,391	$ 2,054,273