v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost $2,271,554 and $2,239,173) $ 2,218,931 $ 2,205,350
Mortgage loans (net of allowance for credit loss of $286 and $286) 30,676 30,830
Other long-term investments 239,018 228,507
Total investments 2,488,625 2,464,687
Cash and cash equivalents 162,029 156,332
Accrued investment income 16,891 18,243
Premiums receivable (net of allowance for doubtful accounts of $1,762 and $1,899) 546,378 497,920
Deferred policy acquisition costs 162,728 158,184
Property and equipment, at cost (less accumulated depreciation of $86,636 and $85,555) 130,160 132,631
Reinsurance receivables (net of allowance for credit losses of $121 and $121) 230,009 238,508
Prepaid reinsurance premiums 30,298 32,357
Intangible assets 3,020 3,197
Deferred tax asset 14,104 15,448
Income taxes receivable 0 532
Other assets 125,299 122,750
Total assets 3,909,541 3,840,789
Liabilities    
Losses and loss settlement expenses 1,970,257 1,924,826
Unearned premium 691,461 660,210
Accrued expenses and other liabilities 150,935 168,383
Long term debt 146,274 146,200
Total liabilities 2,958,927 2,899,619
Stockholders' Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,652,596 and 25,522,051 shares issued and outstanding 26 25
Additional paid-in capital 224,064 223,887
Retained earnings 747,260 722,321
Accumulated other comprehensive income (loss), net of tax (20,736) (5,063)
Total stockholders' equity 950,614 941,170
Total liabilities and stockholders' equity $ 3,909,541 $ 3,840,789