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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Investments available for sale, at fair value    
Fixed maturities (amortized cost: 2017 — $1,619,677; 2016 — $1,497,186) $ 1,612,153 $ 1,482,754
Short-term investments (amortized cost: 2017 — $112,381; 2016 — $132,352) 112,380 132,348
Total investments 1,724,533 1,615,102
Cash 19,713 27,531
Accrued investment income 10,191 9,488
Accounts receivable 23,479 21,632
Deferred policy acquisition costs 13,493 13,400
Property and equipment (at cost, less accumulated depreciation of $47,544 in 2017 and $46,543 in 2016) 8,205 8,119
Prepaid federal income tax 180,657 181,272
Other assets 7,429 6,454
Total assets 1,987,700 1,882,998
Liabilities    
Reserve for losses and LAE 29,468 28,142
Unearned premium reserve 221,262 219,616
Net deferred tax liability 162,651 142,587
Revolving credit facility borrowings 125,000 100,000
Securities purchases payable 17,315 14,999
Other accrued liabilities 19,252 33,881
Total liabilities 574,948 539,225
Commitments and contingencies (see Note 6)
Common shares, $0.015 par value:    
Authorized - 233,333; issued and outstanding - 93,377 shares in 2017 and 93,105 shares in 2016 1,401 1,397
Additional paid-in capital 915,895 918,296
Accumulated other comprehensive loss (7,405) (12,255)
Retained earnings 502,861 436,335
Total stockholders’ equity 1,412,752 1,343,773
Total liabilities and stockholders’ equity $ 1,987,700 $ 1,882,998