XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Fixed-maturity securities available for sale, at fair value (amortized cost: $856,136 in 2020; $714,817 in 2019) $ 893,364 $ 729,532
Equity securities, at fair value (cost: $96,178 in 2020 $64,245 in 2019) 107,905 78,294
Total investments 1,001,269 807,826
Cash and cash equivalents 62,976 100,408
Investment income due and accrued 6,174 4,743
Premiums receivable, net 50,866 34,483
Reinsurance recoverables 73,123 72,574
Ceded unearned premiums 19,399 16,118
Deferred policy acquisition costs, net of ceding commissions 28,942 23,564
Intangible assets 3,538 3,538
Deferred Income Tax Assets, Net 0 3,374
Other assets 43,061 23,922
Total assets 1,289,348 1,090,550
Liabilities    
Reserves for unpaid losses and loss adjustment expenses 525,801 460,058
Unearned premiums 229,599 187,374
Payable to reinsurers 14,407 7,151
Accounts payable and accrued expenses 9,936 12,366
Credit facility 33,107 16,744
Deferred income tax liability, net 61 0
Other liabilities 20,323 977
Total liabilities 833,234 684,670
Stockholders' Equity    
Common stock, $0.01 par value, 400,000,000 shares authorized, 22,302,943 and 22,205,665 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 223 222
Additional paid-in capital 230,265 229,229
Retained earnings 194,323 162,911
Accumulated other comprehensive income 31,303 13,518
Total stockholders’ equity 456,114 405,880
Total liabilities and stockholders’ equity $ 1,289,348 $ 1,090,550