Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Investments:
Fixed maturities, available for sale, at fair value (amortized cost: $1,154,503 and $1,187,857, allowance for expected credit losses of $898 and $691)	$ 1,039,102	$ 1,218,279
Equity securities, at fair value (cost: $229,153 and $211,848)	225,967	264,945
Other invested assets	107,070	87,911
Total investments	1,372,139	1,571,135
Cash and cash equivalents	33,635	63,603
Accounts receivable, net of allowance for expected credit losses of $1,589 and $1,808	187,973	170,953
Receivable for securities sold	3,289	9,256
Accrued investment income	8,371	7,401
Taxes recoverable	17,550	1,508
Receivable from reinsurers related to paid loss and loss adjustment expenses	18,316	18,234
Receivable from reinsurers related to unpaid loss and loss adjustment expenses	92,026	90,667
Ceded unearned premiums	26,560	23,795
Deferred policy acquisition costs	76,662	73,024
Deferred income taxes	11,315
Equity and deposits in pools	36,350	33,592
Operating lease right-of-use-assets	24,183	27,115
Other assets	25,784	27,108
Total assets	1,934,153	2,117,391
Liabilities
Loss and loss adjustment expense reserves	545,412	570,651
Unearned premium reserves	437,104	413,487
Accounts payable and accrued liabilities	59,293	76,598
Payable for securities purchased	3,115	16,477
Payable to reinsurers	22,623	9,192
Deferred income taxes		15,240
Debt	30,000	30,000
Operating lease liabilities	24,183	27,115
Other liabilities	28,058	31,458
Total liabilities	1,149,788	1,190,218
Commitments and contingencies (Note 8)
Shareholders' equity
Common stock: $0.01 par value; 30,000,000 shares authorized; 17,879,095 and 17,813,370 shares issued	179	178
Additional paid-in capital	220,755	216,070
Accumulated other comprehensive (loss) income, net of taxes	(90,457)	24,579
Retained earnings	803,888	821,743
Treasury stock, at cost: 3,141,477 and 2,970,573 shares	(150,000)	(135,397)
Total shareholders' equity	784,365	927,173
Total liabilities and shareholders' equity	$ 1,934,153	$ 2,117,391