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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net income $ 42,242 $ 42,927
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 835 1,072
Net amortization of investments 1,076 2,380
Change in investment related allowance for credit losses (46) (51)
Deferred income taxes (297) (1,152)
Net realized (gains) losses on investments 181 (5,466)
Net unrealized (gains) losses on equity securities (8,591) 3,892
Net realized losses on disposal of assets 209 2
Share-based compensation 2,161 1,116
Changes in operating assets and liabilities:    
Premiums receivable, net (22,107) (18,751)
Accrued interest receivable 82 (120)
Deferred policy acquisition costs (2,173) (1,395)
Other assets (1,487) (353)
Reserves for loss and loss adjustment expenses (10,508) (11,689)
Unearned premiums 15,409 11,362
Reinsurance balances 263 (2,181)
Amounts held for others and policyholder deposits (4,250) 1,321
Federal income taxes recoverable (978) 907
Accounts payable and other liabilities 1,342 2,054
Net cash provided by operating activities 13,363 25,875
Investing activities    
Purchases of investments held-to-maturity (5,465) (31,791)
Purchases of investments available-for-sale (33,956) (45,141)
Purchases of short-term investments (46,957) (46,347)
Proceeds from maturities of investments held-to-maturity 50,988 36,020
Proceeds from sales and maturities of investments available-for-sale 45,532 51,542
Proceeds from sales of equity securities 7,933 8,679
Proceeds from sales and maturities of short-term investments 21,364 20,175
Purchases of property and equipment (826) (527)
Net cash provided by (used in) investing activities 38,613 (7,390)
Financing activities    
Finance lease purchases (64) (71)
Share-based compensation related tax withholding (541) (944)
Purchase of treasury stock (5,121) 0
Dividends to shareholders (21,269) (19,690)
Net cash used in financing activities (26,995) (20,705)
Change in cash and cash equivalents 24,981 (2,220)
Cash and cash equivalents at beginning of period 38,682 61,469
Cash and cash equivalents at end of period $ 63,663 $ 59,249