v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Fixed maturities, available-for-sale, at fair value (amortized cost of $3,016,032 and $2,876,343) $ 2,929,117 $ 2,723,541
Cash and cash equivalents (including restricted cash of $0 and $90) 84,013 54,308
Premiums receivable, net 83,647 82,804
Accrued investment income 24,376 22,386
Deferred policy acquisition costs, net 64,148 64,327
Software and equipment, net 23,793 25,681
Intangible assets and goodwill 3,634 3,634
Reinsurance recoverable 32,705 32,260
Prepaid federal income taxes 322,175 322,175
Other assets 23,477 18,857
Total assets 3,591,085 3,349,973
Liabilities    
Debt 416,073 415,146
Unearned premiums 54,159 65,217
Accounts payable and accrued expenses 86,904 103,164
Reserve for insurance claims and claim expenses 163,033 152,071
Deferred tax liability, net 441,389 386,192
Other liabilities 9,420 10,751
Total liabilities 1,170,978 1,132,541
Commitments and contingencies
Shareholders' equity    
Common stock - $0.01 par value; 88,365,509 shares issued and 77,717,841 shares outstanding as of June 30, 2025 and 87,902,626 shares issued and 78,600,726 shares outstanding as of December 31, 2024 (250,000,000 shares authorized) 884 879
Additional paid-in capital 1,006,058 1,004,692
Treasury Stock, at cost: 10,647,668 and 9,301,900 common shares as of June 30, 2025 and December 31, 2024, respectively (296,047) (246,594)
Accumulated other comprehensive loss, net of tax (72,757) (124,804)
Retained earnings 1,781,969 1,583,259
Total shareholders' equity 2,420,107 2,217,432
Total liabilities and shareholders' equity $ 3,591,085 $ 3,349,973