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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Fixed-maturity securities, available for sale, at fair value (amortized cost: $1,794,729 – 2022; $1,371,519 – 2021) $ 1,605,847 $ 1,392,066
Equity securities, at fair value (cost: $117,218 – 2022; $118,895 – 2021) 133,735 172,611
Short-term investments 81,408 0
Total investments 1,820,990 1,564,677
Cash and Cash Equivalents, at Carrying Value 126,213 121,040
Investment income due and accrued 11,663 7,658
Premiums receivable, net 96,102 71,004
Reinsurance recoverables, net 188,803 122,970
Ceded unearned premiums 40,924 33,679
Deferred policy acquisition costs, net of ceding commissions 58,445 41,968
Intangible assets 3,538 3,538
Deferred Income Tax Assets, Net 59,136 2,109
Other assets 58,418 57,012
Total assets 2,464,232 2,025,655
Liabilities    
Reserves for unpaid losses and loss adjustment expenses 1,197,317 881,344
Unearned premiums 471,736 347,730
Payable to reinsurers 26,323 16,112
Accounts payable and accrued expenses 22,218 23,250
Credit facility 0 42,696
Debt 123,159  
Other liabilities 4,024 15,188
Total liabilities 1,844,777 1,326,320
Stockholders' Equity    
Common stock, $0.01 par value, 400,000,000 shares authorized, 22,924,522 and 22,834,377 shares issued and outstanding at September 30, 2022 and December 31, 2021 respectively 229 228
Additional paid-in capital 297,692 295,040
Retained earnings 468,873 385,942
Accumulated other comprehensive (loss) income (147,339) 18,125
Total stockholders’ equity 619,455 699,335
Total liabilities and stockholders’ equity $ 2,464,232 $ 2,025,655