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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Fixed-maturity securities available for sale, at fair value (amortized cost: $536,182 in 2019; $514,237 in 2018) $ 540,778 $ 510,251
Equity securities, at fair value (cost: $56,926 in 2019 $56,051 in 2018) 64,481 57,711
Total investments 605,259 567,962
Cash and cash equivalents 102,874 75,089
Investment income due and accrued 3,587 3,783
Premiums receivable, net 30,941 24,253
Reinsurance recoverables 59,334 56,788
Ceded unearned premiums 16,987 16,072
Deferred policy acquisition costs, net of ceding commissions 16,314 14,801
Intangible assets 3,538 3,538
Deferred income tax asset, net 6,928 7,176
Other assets 7,111 3,601
Total assets 852,873 773,063
Liabilities    
Reserves for unpaid losses and loss adjustment expenses 385,125 369,152
Unearned premiums 140,741 128,250
Payable to reinsurers 5,532 4,565
Accounts payable and accrued expenses 4,840 7,090
Other liabilities 27,746 20
Total liabilities 563,984 509,077
Stockholders' Equity    
Common stock, $0.01 par value, 400,000,000 shares authorized, 21,284,527 and 21,241,504 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 213 212
Additional paid-in capital 159,589 158,485
Retained earnings 123,563 106,545
Accumulated other comprehensive (loss) income 5,524 (1,256)
Total stockholders’ equity 288,889 263,986
Total liabilities and stockholders’ equity $ 852,873 $ 773,063