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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Debt securities, available-for-sale, at fair value (amortized cost; $552,266 in 2020 and $569,498 in 2019) $ 553,322 $ 574,279
Equity securities (cost; $21,249 in 2020 and $71,895 in 2019) 17,949 99,215
Other investments (cost; $3,763 in 2020 and $3,763 in 2019) 295 2,169
Total investments 571,566 675,663
Cash and cash equivalents 126,619 53,336
Restricted cash 1,858 1,612
Ceded unearned premiums 144,169 164,221
Premiums receivable 128,924 148,288
Accounts receivable 5,046 4,286
Receivable for securities 1,304 12,581
Reinsurance recoverable 377,988 315,466
Deferred policy acquisition costs 23,110 22,994
Goodwill 0 44,695
Intangible assets, net 2,556 5,087
Federal income tax recoverable 9,258 8,995
Deferred federal income taxes, net 9,031 2,185
Prepaid expenses 3,654 2,603
Other assets 29,313 33,262
Total assets 1,434,396 1,495,274
Liabilities:    
Senior unsecured notes due 2029 (less unamortized debt issuance cost of $893 in 2020 and $942 in 2019) 49,107 49,058
Subordinated debt securities (less unamortized debt issuance cost of $820 in 2020 and $846 in 2019) 55,882 55,856
Reserves for unpaid losses and loss adjustment expenses 670,936 620,355
Unearned premiums 354,837 388,926
Reinsurance balances payable 55,818 59,274
Pension liability 1,223 1,388
Payable for securities 3 1,648
Accounts payable and other accrued expenses 44,418 55,487
Total liabilities 1,232,224 1,231,992
Commitments and contingencies (Note 19)
Stockholders' equity:    
Common stock, $.18 par value, authorized 33,333,333 shares; issued 20,872,831 shares in 2020 and 2019 3,757 3,757
Additional paid-in capital 122,729 123,468
Retained earnings 102,961 160,570
Accumulated other comprehensive (loss) income (2,243) 688
Treasury stock (2,731,335 shares in 2020 and 2,749,738 in 2019), at cost (25,032) (25,201)
Total stockholders' equity 202,172 263,282
Total liabilities and stockholders' equity $ 1,434,396 $ 1,495,274