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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Fixed-maturity securities, available for sale, at fair value (amortized cost: $1,521,792 – 2022; $1,371,519 – 2021) $ 1,461,415 $ 1,392,066
Equity securities, at fair value (cost: $117,609 – 2022; $118,895 – 2021) 163,574 172,611
Short-term investments 825 0
Total investments 1,625,814 1,564,677
Cash and cash equivalents 104,158 121,040
Investment income due and accrued 8,225 7,658
Premiums receivable, net 86,397 71,004
Reinsurance recoverables, net 129,287 122,970
Ceded unearned premiums 35,628 33,679
Deferred policy acquisition costs, net of ceding commissions 47,483 41,968
Intangible assets 3,538 3,538
Deferred Income Tax Assets, Net 22,314 2,109
Other assets 51,711 57,012
Total assets 2,114,555 2,025,655
Liabilities    
Reserves for unpaid losses and loss adjustment expenses 957,575 881,344
Unearned premiums 387,615 347,730
Payable to reinsurers 16,080 16,112
Accounts payable and accrued expenses 8,913 23,250
Credit facility 42,727 42,696
Other liabilities 36,075 15,188
Total liabilities 1,448,985 1,326,320
Stockholders' Equity    
Common stock, $0.01 par value, 400,000,000 shares authorized, 22,907,548 and 22,834,377 shares issued and outstanding at March 31, 2022 and December 31, 2021 respectively 229 228
Additional paid-in capital 296,390 295,040
Retained earnings 414,756 385,942
Accumulated other comprehensive (loss) income (45,805) 18,125
Total stockholders’ equity 665,570 699,335
Total liabilities and stockholders’ equity $ 2,114,555 $ 2,025,655