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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Fixed maturities:    
Available for sale, at fair value (amortized cost: $1,203,984 and $1,257,830) $ 1,234,435 $ 1,235,155
Equity securities, at fair value 262,367 124,747
Other invested assets 40,052 50,753
Total investments 1,536,854 1,410,655
Cash and cash equivalents 78,181 99,497
Premiums receivable, net 112,992 87,679
Reinsurance receivables, net 83,012 114,418
Funds held by ceding insurers 48,751 49,206
Federal income taxes receivable 11,136 10,866
Deferred federal income taxes 36,479 48,589
Deferred acquisition costs 70,861 61,676
Intangible assets 21,623 22,020
Goodwill 6,521 6,521
Prepaid reinsurance premiums 17,763 20,594
Receivable for securities sold 0 15
Other assets 59,983 28,530
Total assets 2,084,156 1,960,266
Liabilities:    
Unpaid losses and loss adjustment expenses 633,287 680,031
Unearned premiums 316,797 281,912
Ceded balances payable 36,431 14,994
Payable for securities purchased 848 0
Contingent commissions 10,035 10,636
Debt 297,324 288,565
Other liabilities 82,050 55,069
Total liabilities 1,376,772 1,331,207
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Ordinary shares, $0.0001 par value, 900,000,000 ordinary shares authorized; A ordinary shares issued: 10,258,795 and 10,171,954 respectively; A ordinary shares outstanding: 10,148,346 and 10,095,312, respectively; B ordinary shares issued and outstanding: 4,133,366 and 4,133,366, respectively 2 2
Additional paid-in capital 440,695 438,182
Accumulated other comprehensive income (loss), net of taxes 25,314 (21,231)
Retained earnings 245,346 215,132
Total shareholders’ equity 707,384 629,059
Total liabilities and shareholders’ equity 2,084,156 1,960,266
Ordinary Shares A    
Shareholders’ equity:    
A ordinary shares in treasury, at cost: 110,449 and 76,642 shares, respectively (3,973) (3,026)
Total shareholders’ equity $ 1 $ 1