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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Investments available for sale, at fair value    
Fixed maturities (amortized cost: 2016 — $1,270,454; 2015 — $1,189,978) $ 1,305,939 $ 1,190,638
Short-term investments (amortized cost: 2016 — $129,235; 2015 — $85,994) 129,235 85,996
Total investments 1,435,174 1,276,634
Cash 16,172 24,606
Accrued investment income 8,480 7,768
Accounts receivable 21,125 16,637
Deferred policy acquisition costs 12,239 11,529
Property and equipment (at cost, less accumulated depreciation of $44,519 in 2016 and $42,479 in 2015) 9,030 9,021
Prepaid federal income tax 149,772 119,412
Other assets 6,215 3,492
Total assets 1,658,207 1,469,099
Liabilities    
Reserve for losses and LAE 22,474 17,760
Unearned premium reserve 214,910 201,045
Accrued payroll and bonuses 11,146 15,955
Net deferred tax liability 126,991 87,964
Securities purchases payable 21,385 14,996
Other accrued liabilities 12,694 12,138
Total liabilities 409,600 349,858
Commitments and contingencies
Stockholders’ Equity    
Common Shares, $0.015 par value: Authorized - 233,333; issued - 93,106 shares in 2016 and 92,650 shares in 2015 1,397 1,390
Additional paid-in capital 909,310 904,221
Accumulated other comprehensive income (loss) 23,962 (99)
Retained earnings 313,938 213,729
Total stockholders’ equity 1,248,607 1,119,241
Total liabilities and stockholders’ equity $ 1,658,207 $ 1,469,099