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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Investments available for sale, at fair value    
Fixed maturities (amortized cost: 2016 — $1,265,279; 2015 — $1,189,978) $ 1,285,014 $ 1,190,638
Short-term investments (amortized cost: 2016 — $83,488; 2015 — $85,994) 83,488 85,996
Total investments 1,368,502 1,276,634
Cash 28,206 24,606
Accrued investment income 8,431 7,768
Accounts receivable 17,200 16,637
Deferred policy acquisition costs 11,686 11,529
Property and equipment (at cost, less accumulated depreciation of $43,479 in 2016 and $42,479 in 2015) 9,232 9,021
Prepaid federal income tax 119,522 119,412
Other assets 2,953 3,492
Total assets 1,565,732 1,469,099
Liabilities    
Reserve for losses and LAE 20,470 17,760
Unearned premium reserve 207,108 201,045
Accrued payroll and bonuses 6,629 15,955
Net deferred tax liability 108,923 87,964
Securities purchases payable 30,157 14,996
Other accrued liabilities 10,950 12,138
Total liabilities $ 384,237 $ 349,858
Commitments and contingencies
Stockholders’ Equity    
Common Shares, $0.015 par value: Authorized - 233,333; issued - 93,070 shares in 2016 and 92,650 shares in 2015 $ 1,396 $ 1,390
Additional paid-in capital 905,159 904,221
Accumulated other comprehensive income (loss) 13,260 (99)
Retained earnings 261,680 213,729
Total stockholders’ equity 1,181,495 1,119,241
Total liabilities and stockholders’ equity $ 1,565,732 $ 1,469,099