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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Assets:    
Cash and cash equivalents $ 30,955 $ 27,594
Fixed income securities, at fair value 241,587 236,758
Equity securities, at fair value 49,805 47,561
Other investments 1,954 1,972
Total cash and investments 324,301 313,885
Premiums and agents' balances receivable 74,175 25,632
Deferred policy acquisition costs 12,190 8,859
Reinsurance premiums receivable 2,256
Reinsurance recoverables on losses 3,601 4,128
Federal income tax recoverable 13
Accrued investment income 1,832 1,996
Property and equipment 6,019 5,877
Receivable from Federal Crop Insurance Corporation 11,130 10,501
Goodwill 2,628 2,628
Other assets 3,253 3,482
Total assets 441,398 376,988
Liabilities:    
Unpaid losses and loss adjustment expenses 63,376 45,890
Unearned premiums 99,954 63,262
Reinsurance payable 3,099 428
Federal income tax payable 991
Deferred income taxes, net 695 2,539
Accrued expenses and other liabilities 14,708 8,305
Commitments and Contingencies
Total liabilities 181,832 121,415
Equity:    
Common stock, $0.01 par value, authorized: 25,000,000 shares; issued: 23,000,000 shares; and outstanding: 2018 - 22,359,844 shares, 2017 - 22,337,644 shares 230 230
Preferred stock, without par value, authorized 5,000,000 shares, no shares issued or outstanding
Additional paid-in capital 93,832 93,496
Unearned employee stock ownership plan shares (2,157) (2,157)
Retained earnings 159,213 152,865
Accumulated other comprehensive income, net of income taxes 12,932 15,998
Treasury stock, at cost, 2018 - 424,471 shares, 2017 - 446,671 shares (7,638) (8,037)
Non-controlling interest 3,154 3,178
Total equity 259,566 255,573
Total liabilities and equity $ 441,398 $ 376,988