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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Fixed-maturity securities available for sale, at fair value (amortized cost: $577,183 in 2019; $514,237 in 2018) $ 590,077 $ 510,251
Equity securities, at fair value (cost: $56,447 in 2019 $56,051 in 2018) 65,910 57,711
Total investments 655,987 567,962
Cash and cash equivalents 78,131 75,089
Investment income due and accrued 3,972 3,783
Premiums receivable, net 34,150 24,253
Reinsurance recoverables 65,937 56,788
Ceded unearned premiums 17,397 16,072
Deferred policy acquisition costs, net of ceding commissions 18,652 14,801
Intangible assets 3,538 3,538
Deferred income tax asset, net 6,068 7,176
Other assets 10,974 3,601
Total assets 894,806 773,063
Liabilities    
Reserves for unpaid losses and loss adjustment expenses 407,433 369,152
Unearned premiums 157,752 128,250
Payable to reinsurers 6,769 4,565
Accounts payable and accrued expenses 7,655 7,090
Other liabilities 7,290 20
Total liabilities 586,899 509,077
Stockholders' Equity    
Common stock, $0.01 par value, 400,000,000 shares authorized, 21,356,399 and 21,241,504 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 214 212
Additional paid-in capital 159,986 158,485
Retained earnings 135,628 106,545
Accumulated other comprehensive income (loss) 12,079 (1,256)
Total stockholders’ equity 307,907 263,986
Total liabilities and stockholders’ equity $ 894,806 $ 773,063