CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
ASSETS
Available-for-sale debt securities, at fair value, net of allowance for credit loss of $791, (amortized cost: $851,826 and $828,336)		$ 867,249	$ 855,284
Equity securities, at fair value (cost: $53,673 and $43,523)		45,838	43,717
Investment real estate, net		15,481	15,585
Total invested assets		928,568	914,586
Cash and cash equivalents		180,780	182,109
Restricted cash and cash equivalents	[1]	2,635	2,635
Prepaid reinsurance premiums		70,113	175,208
Reinsurance recoverable		108,491	193,236
Premium receivable, net		66,568	63,883
Property and equipment, net		44,859	41,351
Deferred policy acquisition costs		94,354	91,882
Income taxes recoverable		17,115	34,283
Deferred income tax asset, net		15,582	3,351
Other assets		16,448	17,328
Total assets		1,545,513	1,719,852
LIABILITIES:
Unpaid losses and loss adjustment expenses		195,978	267,760
Unearned premiums		669,881	661,279
Advance premium		55,763	30,975
Accounts payable		3,134	2,099
Book overdraft		0	90,401
Reinsurance payable, net		64,460	122,581
Other liabilities and accrued expenses		52,450	40,930
Long-term debt		9,559	9,926
Total liabilities		1,051,225	1,225,951
Commitments and Contingencies (Note 12)
STOCKHOLDERS’ EQUITY:
Cumulative convertible preferred stock, $.01 par value Authorized shares - 1,000 Issued shares - 10 and 10 Outstanding shares - 10 and 10 Minimum liquidation preference, $9.99 and $9.99 per share		0	0
Common stock, $.01 par value Authorized shares - 55,000 Issued shares - 46,766 and 46,707 Outstanding shares - 32,385 and 32,638		468	467
Treasury shares, at cost - 14,381 and 14,069		(203,172)	(196,585)
Additional paid-in capital		97,110	96,036
Accumulated other comprehensive income, net of taxes		12,015	20,364
Retained earnings		587,867	573,619
Total stockholders’ equity		494,288	493,901
Total liabilities and stockholders’ equity		$ 1,545,513	$ 1,719,852

[1] See “—Note 5 (Insurance Operations)” for a discussion of the nature of the restrictions for restricted cash and cash equivalents.