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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Investments:    
Fixed maturity securities-held-to-maturity, at amortized cost (fair value $662,276 and $664,371 in 2015 and 2014, respectively) $ 645,164 $ 639,631
Fixed maturity securities-available-for-sale, at fair value (cost $376,109 and $327,004 in 2015 and 2014, respectively) 380,022 331,242
Equity securities-available-for-sale, at fair value (cost $0 in 2015 and 2014) 31 28
Short-term investments 7,718 33,684
Other investments 12,217 11,748
Total investments 1,045,152 1,016,333
Cash and cash equivalents 69,481 90,956
Amounts recoverable from reinsurers 91,077 85,888
Premiums receivable, net of allowance 185,364 178,917
Deferred income taxes 29,905 31,231
Accrued interest receivable 11,685 11,637
Property and equipment, net 6,181 7,240
Deferred policy acquisition costs 20,412 19,649
Federal income tax recoverable   1,082
Other assets 42,788 14,287
Total assets 1,502,045 1,457,220
Liabilities:    
Reserves for loss and loss adjustment expenses 718,033 687,602
Unearned premiums 167,983 168,576
Reinsurance premiums payable 154 843
Amounts held for others 49,790 42,827
Policyholder deposits 48,380 48,722
Insurance-related assessments 32,329 29,315
Federal income tax payable 911  
Accounts payable and other liabilities 30,484 30,110
Payable for investments purchased   2,257
Total liabilities 1,048,064 1,010,252
Shareholders' equity:    
Voting-$0.01 par value authorized shares-50,000,000 in 2015 and 2014, 20,388,396 and 20,155,936 shares issued and 19,130,146 and 18,897,686 shares outstanding in 2015 and 2014, respectively 203 201
Additional paid-in capital 204,688 199,138
Treasury stock at cost (1,258,250 shares in 2015 and 2014) (22,370) (22,370)
Accumulated earnings 268,873 267,189
Accumulated other comprehensive income, net 2,587 2,810
Total shareholders' equity 453,981 446,968
Total liabilities and shareholders' equity $ 1,502,045 $ 1,457,220