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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets:    
Cash and cash equivalents $ 18,148 $ 18,318
Fixed income securities, at fair value 238,838 161,470
Equity securities, at fair value 44,587 25,917
Other investments 1,972 1,972
Total cash and investments 303,545 207,677
Premiums and agents' balances receivable 70,882 21,986
Deferred policy acquisition costs 14,126 8,942
Reinsurance premiums receivable 2,448
Reinsurance recoverables on losses 10,392 7,192
Accrued investment income 1,979 1,431
Property and equipment 5,263 4,819
Receivable from Federal Crop Insurance Corporation 12,496 16,761
Goodwill 2,628 2,628
Federal income tax recoverable 2,657 2,933
Other assets 3,250 4,334
Total assets 429,666 278,703
Liabilities:    
Unpaid losses and loss adjustment expenses 72,619 59,632
Unearned premiums 92,194 57,445
Reinsurance payable 6,018 39
Deferred income taxes, net 4,024 2,915
Accrued expenses and other liabilities 12,027 5,254
Commitments and Contingencies
Total liabilities 186,882 125,285
Equity:    
Common stock, $0.01 par value, authorized 25,000,000 shares, issued: 2017 - 23,000,000 shares, 2016 - none; and outstanding: 2017 - 22,313,329 shares, 2016 - none 230
Preferred stock, without par value, authorized 5,000,000 shares, no shares issued or outstanding
Additional paid-in capital 92,915  
Unearned employee stock ownership plan shares (2,400)
Retained earnings 144,409 139,591
Accumulated other comprehensive income, net of tax 12,070 10,305
Treasury stock, at cost, 2017 - 446,671 shares, 2016 - none (8,037)
Non-controlling interest 3,597 3,522
Total equity 242,784 153,418
Total liabilities and equity $ 429,666 $ 278,703