Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Investments:
Fixed maturities, available for sale, at fair value (amortized cost: $1,165,592 and $1,187,857, allowance for expected credit losses of $691 and $691)	$ 1,136,068	$ 1,218,279
Short term investments, at fair value (cost: $5 and $0)	5
Equity securities, at fair value (cost: $218,636 and $211,848)	258,699	264,945
Other invested assets	91,460	87,911
Total investments	1,486,232	1,571,135
Cash and cash equivalents	35,231	63,603
Accounts receivable, net of allowance for expected credit losses of $1,733 and $1,808	167,096	170,953
Receivable for securities sold	7,774	9,256
Accrued investment income	7,692	7,401
Taxes recoverable	4,525	1,508
Receivable from reinsurers related to paid loss and loss adjustment expenses	8,687	18,234
Receivable from reinsurers related to unpaid loss and loss adjustment expenses	90,656	90,667
Ceded unearned premiums	24,792	23,795
Deferred policy acquisition costs	70,812	73,024
Equity and deposits in pools	32,705	33,592
Operating lease right-of-use-assets	26,527	27,115
Other assets	27,955	27,108
Total assets	1,990,684	2,117,391
Liabilities
Loss and loss adjustment expense reserves	560,021	570,651
Unearned premium reserves	405,447	413,487
Accounts payable and accrued liabilities	51,160	76,598
Payable for securities purchased	16,354	16,477
Payable to reinsurers	2,743	9,192
Deferred income taxes	4,963	15,240
Debt	30,000	30,000
Operating lease liabilities	26,527	27,115
Other liabilities	31,581	31,458
Total liabilities	1,128,796	1,190,218
Commitments and contingencies (Note 8)
Shareholders' equity
Common stock: $0.01 par value; 30,000,000 shares authorized; 17,883,255 and 17,813,370 shares issued	179	178
Additional paid-in capital	218,152	216,070
Accumulated other comprehensive (loss) income, net of taxes	(22,778)	24,579
Retained earnings	816,335	821,743
Treasury stock, at cost: 3,141,477 and 2,970,573 shares	(150,000)	(135,397)
Total shareholders' equity	861,888	927,173
Total liabilities and shareholders' equity	$ 1,990,684	$ 2,117,391