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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Investments:    
Fixed maturity securities-held-to-maturity, at amortized cost (fair value $643,324 and $662,276 in 2016 and 2015, respectively) $ 620,165 $ 645,164
Fixed maturity securities-available-for-sale, at fair value (cost $447,988 and $376,109 in 2016 and 2015, respectively) 460,697 380,022
Equity securities-available-for-sale, at fair value (cost $0 in 2016 and 2015) 32 31
Short-term investments 17,165 7,718
Other investments 10,850 12,217
Total investments 1,108,909 1,045,152
Cash and cash equivalents 70,155 69,481
Amounts recoverable from reinsurers 94,256 91,077
Premiums receivable, net of allowance 208,235 185,364
Deferred income taxes 26,531 29,905
Accrued interest receivable 11,648 11,685
Property and equipment, net 6,436 6,181
Deferred policy acquisition costs 20,675 20,412
Other assets 47,924 42,788
Total assets 1,594,769 1,502,045
Liabilities:    
Reserves for loss and loss adjustment expenses 725,549 718,033
Unearned premiums 179,800 167,983
Reinsurance premiums payable 63 154
Amounts held for others 54,095 49,790
Policyholder deposits 48,775 48,380
Insurance-related assessments 36,478 32,329
Federal income tax payable 3,828 911
Accounts payable and other liabilities 31,439 30,484
Payable for investments purchased 18,795  
Total liabilities 1,098,822 1,048,064
Shareholders' equity:    
Voting-$0.01 par value authorized shares-50,000,000 in 2016 and 2015; 20,459,290 and 20,388,396 shares issued and 19,201,040 and 19,130,146 shares outstanding in 2016 and 2015, respectively 204 203
Additional paid-in capital 206,944 204,688
Treasury stock at cost (1,258,250 shares in 2016 and 2015) (22,370) (22,370)
Accumulated earnings 302,860 268,873
Accumulated other comprehensive income, net 8,309 2,587
Total shareholders' equity 495,947 453,981
Total liabilities and shareholders' equity $ 1,594,769 $ 1,502,045