XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets    
Fixed-maturity securities, available for sale, at fair value (amortized cost: $1,622,899 – 2022; $1,371,519 – 2021) $ 1,493,074 $ 1,392,066
Equity securities, at fair value (cost: $116,927 – 2022; $118,895 – 2021) 139,539 172,611
Short-term investments 10,770 0
Total investments 1,643,383 1,564,677
Cash and Cash Equivalents, at Carrying Value 120,890 121,040
Investment income due and accrued 9,539 7,658
Premiums receivable, net 97,308 71,004
Reinsurance recoverables, net 135,037 122,970
Ceded unearned premiums 38,307 33,679
Deferred policy acquisition costs, net of ceding commissions 54,806 41,968
Intangible assets 3,538 3,538
Deferred Income Tax Assets, Net 43,167 2,109
Other assets 52,144 57,012
Total assets 2,198,119 2,025,655
Liabilities    
Reserves for unpaid losses and loss adjustment expenses 1,036,741 881,344
Unearned premiums 442,479 347,730
Payable to reinsurers 18,870 16,112
Accounts payable and accrued expenses 15,557 23,250
Credit facility 42,759 42,696
Other liabilities 7,647 15,188
Total liabilities 1,564,053 1,326,320
Stockholders' Equity    
Common stock, $0.01 par value, 400,000,000 shares authorized, 22,903,758 and 22,834,377 shares issued and outstanding at June 30, 2022 and December 31, 2021 respectively 229 228
Additional paid-in capital 295,656 295,040
Retained earnings 438,868 385,942
Accumulated other comprehensive (loss) income (100,687) 18,125
Total stockholders’ equity 634,066 699,335
Total liabilities and stockholders’ equity $ 2,198,119 $ 2,025,655