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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Assets    
Fixed maturities, available-for-sale, at fair value (amortized cost of $3,078,294 and $2,876,343) $ 3,015,560 $ 2,723,541
Cash and cash equivalents (including restricted cash of $0 and $90) 130,439 54,308
Premiums receivable, net 85,733 82,804
Accrued investment income 25,790 22,386
Deferred policy acquisition costs, net 64,192 64,327
Software and equipment, net 22,762 25,681
Intangible assets and goodwill 3,634 3,634
Reinsurance recoverable 35,315 32,260
Prepaid federal income taxes 322,175 322,175
Other assets 21,593 18,857
Total assets 3,727,193 3,349,973
Liabilities    
Debt 416,548 415,146
Unearned premiums 49,796 65,217
Accounts payable and accrued expenses 93,407 103,164
Reserve for insurance claims and claim expenses 180,347 152,071
Deferred tax liability, net 463,264 386,192
Other liabilities 8,960 10,751
Total liabilities 1,212,322 1,132,541
Commitments and contingencies
Shareholders' equity    
Common stock - $0.01 par value; 88,371,465 shares issued and 77,095,871 shares outstanding as of September 30, 2025 and 87,902,626 shares issued and 78,600,726 shares outstanding as of December 31, 2024 (250,000,000 shares authorized) 884 879
Additional paid-in capital 1,010,550 1,004,692
Treasury Stock, at cost: 11,275,594 and 9,301,900 common shares as of September 30, 2025 and December 31, 2024, respectively (320,877) (246,594)
Accumulated other comprehensive loss, net of tax (53,654) (124,804)
Retained earnings 1,877,968 1,583,259
Total shareholders' equity 2,514,871 2,217,432
Total liabilities and shareholders' equity $ 3,727,193 $ 3,349,973