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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Fixed maturities    
Available-for-sale, at fair value (amortized cost $1,741,481 in 2021 and $1,720,291 in 2020; allowance for credit losses $174 in 2021 and $5 in 2020) $ 1,816,765 $ 1,825,438
Equity securities at fair value (cost $48,996 in 2021 and $49,085 in 2020) 193,263 206,685
Mortgage loans 47,570 47,690
Less: allowance for mortgage loan losses 76 76
Mortgage loans, net 47,494 47,614
Other long-term investments 77,816 69,305
Short-term investments available-for-sale, at fair value (amortized cost $801 in 2021 and $175 in 2020) 804 175
Total investments 2,136,142 2,149,217
Cash and cash equivalents 71,514 87,948
Accrued investment income 14,662 14,615
Premiums receivable (net of allowance for doubtful accounts of $699 in 2021 and $687 in 2020) 328,389 317,292
Deferred policy acquisition costs 87,955 87,094
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $56,595 in 2021 and $55,141 in 2020) 132,273 129,874
Reinsurance receivables and recoverables (net of allowance for credit losses of $233 in 2021 and $190 in 2020) 163,541 160,540
Prepaid reinsurance premiums 13,413 12,965
Intangible assets 6,565 6,743
Income taxes receivable 66,208 66,194
Other assets 44,305 37,196
TOTAL ASSETS 3,064,967 3,069,678
Liabilities    
Losses and loss settlement expenses 1,613,025 1,578,131
Unearned premiums 461,530 464,845
Accrued expenses and other liabilities 92,401 126,624
Long term debt 50,000 50,000
Deferred tax liability 24,412 24,929
TOTAL LIABILITIES 2,241,368 2,244,529
Stockholders’ Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,119,855 and 25,055,479 shares issued and outstanding in 2021 and 2020, respectively 25 25
Additional paid-in capital 202,874 202,359
Retained earnings 570,789 555,854
Accumulated other comprehensive income, net of tax 49,911 66,911
TOTAL STOCKHOLDERS’ EQUITY 823,599 825,149
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,064,967 $ 3,069,678