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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Investments:    
Debt securities, available-for-sale, at fair value (amortized cost; $442,218 in 2022 and $288,175 in 2021) $ 435,266 $ 290,073
Equity securities (cost; $42,856 in 2022 and $42,120 in 2021) 44,325 48,695
Total investments 479,591 338,768
Cash and cash equivalents 113,207 352,867
Restricted cash 4,019 3,810
Ceded unearned premiums 158,634 146,433
Premiums receivable 99,994 90,621
Accounts receivable 4,413 6,914
Receivable from reinsurer 38,645  
Receivable for securities 3,970 1,326
Reinsurance recoverable 522,957 549,964
Deferred policy acquisition costs 5,318 6,811
Intangible assets, net 567 819
Federal income tax recoverable 2,906 18,217
Deferred federal income taxes, net   8,906
Prepaid pension 57  
Prepaid expenses 4,141 2,389
Other assets 27,584 25,753
Total assets 1,466,003 1,553,598
Liabilities:    
Senior unsecured notes due 2029 (less unamortized debt issuance cost of $697 in 2022 and $746 in 2021) 49,303 49,254
Subordinated debt securities (less unamortized debt issuance cost of $717 in 2022 and $744 in 2021) 55,985 55,959
Reserves for unpaid losses and loss adjustment expenses 848,207 816,681
Unearned premiums 296,662 284,427
Reinsurance payable 64,466 117,908
Pension liability   174
Payable for securities 1,078 3,280
Accounts payable and other liabilities 53,930 50,394
Total liabilities 1,369,631 1,378,077
Commitments and contingencies (Note 17)
Stockholders' equity:    
Common stock, $.18 par value, authorized 33,333,333 shares; issued 20,872,831 shares in 2022 and 2021 3,757 3,757
Additional paid-in capital 123,166 122,844
Retained earnings 2,067 74,703
Accumulated other comprehensive loss (7,984) (1,035)
Treasury stock (2,688,007 shares in 2022 and 2,700,364 in 2021), at cost (24,634) (24,748)
Total stockholders' equity 96,372 175,521
Total liabilities and stockholders' equity $ 1,466,003 $ 1,553,598