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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Investments available for sale, at fair value    
Fixed maturities (amortized cost: 2017 — $1,705,463; 2016 — $1,497,186) $ 1,710,057 $ 1,482,754
Short-term investments (amortized cost: 2017 — $130,984; 2016 — $132,352) 130,984 132,348
Total investments 1,841,041 1,615,102
Cash 27,670 27,531
Accrued investment income 10,776 9,488
Accounts receivable 26,648 21,632
Deferred policy acquisition costs 14,037 13,400
Property and equipment (at cost, less accumulated depreciation of $48,513 in 2017 and $46,543 in 2016) 7,955 8,119
Prepaid federal income tax 215,357 181,272
Other assets 9,409 6,454
Total assets 2,152,893 1,882,998
Liabilities    
Reserve for losses and LAE 29,798 28,142
Unearned premium reserve 228,762 219,616
Net deferred tax liability 181,206 142,587
Credit facility borrowings (at carrying value, less unamortized deferred costs of $1,808 in 2017 and $0 in 2016) 173,192 100,000
Securities purchases payable 19,770 14,999
Other accrued liabilities 22,268 33,881
Total liabilities 654,996 539,225
Commitments and contingencies (see Note 6)
Common shares, $0.015 par value:    
Authorized - 233,333; issued and outstanding - 93,424 shares in 2017 and 93,105 shares in 2016 1,401 1,397
Additional paid-in capital 920,452 918,296
Accumulated other comprehensive income (loss) 1,065 (12,255)
Retained earnings 574,979 436,335
Total stockholders’ equity 1,497,897 1,343,773
Total liabilities and stockholders’ equity $ 2,152,893 $ 1,882,998