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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net income $ 55,436 $ 62,108 $ 55,602
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,093 1,427 1,309
Net amortization of investments 1,447 3,025 6,734
Change in investment related allowance for credit losses (66) (57) 44
Deferred income taxes 1,402 628 (1,136)
Net realized (gains) losses on investments 576 (6,579) (3,440)
Net unrealized (gains) losses on equity securities (9,508) (1,228) 8,092
Net realized losses on disposal of assets 209 2 9
Share-based compensation 2,939 1,557 2,479
Changes in operating assets and liabilities:      
Premiums receivable, net (12,056) (8,485) 13,387
Accrued interest receivable 947 154 (348)
Deferred policy acquisition costs (1,176) (574) (342)
Other assets 6,688 (1,033) (2,840)
Reserves for loss and loss adjustment expenses (22,685) (22,043) (49,241)
Unearned premiums 5,341 1,609 (6,116)
Reinsurance balances 11,926 (3,740) (4,754)
Amounts held for others and policyholder deposits (15,692) 3,093 2,825
Federal income taxes recoverable (399) (328) 4,961
Accounts payable and other liabilities (2,232) 306 969
Net cash provided by operating activities 24,190 29,842 28,194
Investing activities      
Purchases of investments held-to-maturity (5,465) (42,190) (32,152)
Purchases of investments available-for-sale (48,939) (45,141) (106,049)
Purchases of equity securities     (11,147)
Purchases of short-term investments (56,295) (46,347) (66,132)
Proceeds from maturities of investments held-to-maturity 71,066 47,151 85,006
Proceeds from sales and maturities of investments available-for-sale 57,194 57,153 90,675
Proceeds from sales of equity securities 7,933 12,688 8,487
Proceeds from sales and maturities of short-term investments 47,717 61,123 108,827
Purchases of property and equipment (840) (553) (2,089)
Net cash provided by investing activities 72,371 43,884 75,426
Financing activities      
Finance lease purchases (85) (91) (58)
Share-based compensation related tax withholding (554) (944)  
Purchase of treasury stock (5,123) (2,171) (12,388)
Dividends to shareholders (85,436) (93,307) (100,427)
Net cash used in financing activities (91,198) (96,513) (112,873)
Change in cash and cash equivalents 5,363 (22,787) (9,253)
Cash and cash equivalents at beginning of year 38,682 61,469 70,722
Cash and cash equivalents at end of year 44,045 38,682 61,469
Supplemental disclosure of cash flow information      
Income taxes paid $ 11,750 $ 13,950 $ 7,791