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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Investments:    
Debt securities, available-for-sale, at fair value (amortized cost; $414,197 in 2020 and $569,498 in 2019) $ 417,569 $ 574,279
Equity securities (cost; $25,735 in 2020 and $71,895 in 2019) 23,372 99,215
Other investments (cost; $3,763 in 2020 and $3,763 in 2019) 34 2,169
Total investments 440,975 675,663
Cash and cash equivalents 186,683 53,336
Restricted cash 17,671 1,612
Ceded unearned premiums 144,075 164,221
Premiums receivable 112,367 148,288
Accounts receivable 5,194 4,286
Receivable for securities 1,568 12,581
Reinsurance recoverable 504,472 315,466
Deferred policy acquisition costs 22,365 22,994
Goodwill 0 44,695
Intangible assets, net 1,938 5,087
Federal income tax recoverable 19,748 8,995
Deferred federal income taxes, net 8,012 2,185
Prepaid expenses 3,634 2,603
Other assets 28,805 33,262
Total assets 1,497,507 1,495,274
Liabilities:    
Senior unsecured notes due 2029 (less unamortized debt issuance cost of $868 in 2020 and $942 in 2019) 49,132 49,058
Subordinated debt securities (less unamortized debt issuance cost of $808 in 2020 and $846 in 2019) 55,894 55,856
Reserves for unpaid losses and loss adjustment expenses 755,891 620,355
Unearned premiums 351,294 388,926
Reinsurance balances payable 67,346 59,274
Pension liability 1,141 1,388
Payable for securities 507 1,648
Accounts payable and other accrued expenses 40,123 55,487
Total liabilities 1,321,328 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 122,877 123,468
Retained earnings 74,957 160,570
Accumulated other comprehensive (loss) income (386) 688
Treasury stock (2,730,673 shares in 2020 and 2,749,738 in 2019), at cost (25,026) (25,201)
Total stockholders' equity 176,179 263,282
Total liabilities and stockholders' equity $ 1,497,507 $ 1,495,274