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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets    
Fixed-maturity securities, available for sale, at fair value (amortized cost: $1,074,618 – 2021; $1,031,817 – 2020) $ 1,099,763 $ 1,081,800
Equity securities, at fair value (cost: $102,041 – 2021; $98,758 – 2020) 140,036 129,662
Total investments 1,239,799 1,211,462
Cash and cash equivalents 132,535 77,093
Investment income due and accrued 6,639 6,637
Premiums receivable, net 55,212 48,641
Reinsurance recoverables 96,191 93,215
Ceded unearned premiums 26,854 24,265
Deferred policy acquisition costs, net of ceding commissions 34,741 31,912
Intangible assets 3,538 3,538
Deferred Income Tax Assets, Net 608 0
Other assets 49,221 50,133
Total assets 1,645,338 1,546,896
Liabilities    
Reserves for unpaid losses and loss adjustment expenses 688,773 636,013
Unearned premiums 284,832 260,986
Payable to reinsurers 15,010 12,672
Accounts payable and accrued expenses 6,502 13,651
Credit facility 42,601 42,570
Deferred income tax liability, net 0 4,648
Other liabilities 20,054 118
Total liabilities 1,057,772 970,658
Stockholders' Equity    
Common stock, $0.01 par value, 400,000,000 shares authorized, 22,811,929 and 22,757,251 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 228 228
Additional paid-in capital 292,690 291,315
Retained earnings 272,890 243,315
Accumulated other comprehensive income 21,758 41,380
Total stockholders’ equity 587,566 576,238
Total liabilities and stockholders’ equity $ 1,645,338 $ 1,546,896