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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Fixed-maturity securities, available for sale, at fair value (amortized cost: $153,776 and $41,953, respectively and allowance for credit losses: $0 and $0, respectively) $ 150,684 $ 42,583
Equity securities, at fair value (cost: $39,316 and $46,276, respectively) 41,204 51,740
Limited partnership investments 28,166 28,133
Investment in unconsolidated joint venture, at equity 350 363
Real estate investments 73,387 73,896
Total investments 293,791 196,715
Cash and cash equivalents 569,040 628,943
Restricted cash 2,400 2,400
Accrued interest and dividends receivable 674 353
Income taxes receivable 0 4,084
Premiums receivable, net (allowance: $2,459 and $1,750, respectively) 39,890 68,157
Prepaid reinsurance premiums 11,561 26,355
Reinsurance recoverable, net of allowance for credit losses:    
Paid losses and loss adjustment expenses (allowance: $0 and $0, respectively) 14,720 11,985
Unpaid losses and loss adjustment expenses (allowance: $79 and $90, respectively) 54,876 64,665
Deferred policy acquisition costs 53,670 57,695
Property and equipment, net 15,469 14,232
Right-of-use assets - operating leases 2,673 2,204
Intangible assets, net 15,105 10,636
Funds withheld for assumed business 84,068 73,716
Other assets 17,313 14,717
Total assets 1,175,250 1,176,857
Liabilities and Equity    
Losses and loss adjustment expenses 234,792 237,165
Unearned premiums 365,112 366,744
Advance premiums 23,898 13,771
Reinsurance payable on paid losses and loss adjustment expenses 6,657 4,017
Ceded reinsurance premiums payable 20,899 19,318
Accrued expenses 16,899 15,453
Income tax payable 3,061 0
Deferred income taxes, net 4,834 11,739
Revolving credit facility 15,000 15,000
Long-term debt 45,295 45,504
Lease liabilities - operating leases 2,662 2,203
Other liabilities 24,418 31,485
Total liabilities 763,527 762,399
Commitments and contingencies (Note 20)
Redeemable noncontrolling interest (Note 17) 89,695 89,955
Equity:    
Common stock (no par value, 40,000,000 shares authorized, 10,125,927 and 10,131,399 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively) 0 0
Additional paid-in capital 79,131 76,077
Retained income 243,647 246,790
Accumulated other comprehensive income, net of taxes (2,185) 498
Total stockholders’ equity 320,593 323,365
Noncontrolling interests 1,435 1,138
Total equity 322,028 324,503
Total liabilities, redeemable noncontrolling interest and equity $ 1,175,250 $ 1,176,857