XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Investments:    
Debt securities, available-for-sale, at fair value (amortized cost; $297,066 in 2021 and $502,167 in 2020) $ 300,737 $ 507,279
Equity securities (cost; $39,124 in 2021 and $26,988 in 2020) 46,948 29,388
Total investments 347,685 536,667
Cash and cash equivalents 326,558 102,580
Restricted cash 5,474 5,728
Ceded unearned premiums 139,609 138,926
Premiums receivable 105,792 120,332
Accounts receivable 4,524 5,967
Receivable for securities 7,037 913
Reinsurance recoverable 494,473 490,231
Deferred policy acquisition costs 13,291 17,840
Intangible assets, net 1,070 1,322
Federal income tax recoverable 20,025 25,642
Deferred federal income taxes, net 8,190 8,724
Prepaid expenses 5,598 2,648
Other assets 27,368 28,013
Total assets 1,506,694 1,485,533
Liabilities:    
Reserves for unpaid losses and loss adjustment expenses 810,749 789,768
Unearned premiums 300,941 320,806
Senior unsecured notes due 2029 (less unamortized debt issuance costs of $795 in 2021 and $844 in 2020) 49,205 49,156
Subordinated debt securities (less unamortized debt issuance costs of $769 in 2021 and $795 in 2020) 55,933 55,907
Reinsurance payable 51,921 46,700
Pension liability 1,640 1,859
Payable for securities 5,774  
Accounts payable and other accrued expenses 51,647 50,415
Total liabilities 1,327,810 1,314,611
Commitments and contingencies (Note 18)
Stockholders' equity:    
Common stock, $.18 par value, authorized 33,333,333 shares; issued 20,872,831 shares in 2021 and 2020 3,757 3,757
Additional paid-in capital 122,782 122,893
Retained earnings 77,793 68,915
Accumulated other comprehensive (loss) income (687) 383
Treasury stock (2,701,799 shares in 2021 and 2,730,673 in 2020), at cost (24,761) (25,026)
Total stockholders' equity 178,884 170,922
Total liabilities and stockholders' equity $ 1,506,694 $ 1,485,533