v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Fixed maturities, available-for-sale, at fair value (amortized cost of $3,346,838 and $3,190,174) $ 3,257,940 $ 3,137,023
Cash and cash equivalents 72,122 43,937
Premiums receivable, net 86,778 86,259
Accrued investment income 30,874 27,253
Deferred policy acquisition costs, net 64,647 64,372
Software and equipment, net 20,755 21,727
Intangible assets and goodwill 3,634 3,634
Reinsurance recoverable 40,434 38,577
Prepaid federal income taxes 400,258 400,258
Other assets 19,933 18,058
Total assets 3,997,375 3,841,098
Liabilities    
Debt 418,021 417,031
Unearned premiums 41,506 46,660
Accounts payable and accrued expenses 98,597 101,595
Reserve for insurance claims and claim expenses 214,583 196,429
Deferred tax liability, net 511,347 478,890
Other liabilities 8,125 8,507
Total liabilities 1,292,179 1,249,112
Commitments and contingencies
Shareholders' equity    
Common stock - $0.01 par value; 88,995,839 shares issued and 75,367,346 shares outstanding as of June 30, 2026 and 88,371,465 shares issued and 76,285,242 shares outstanding as of December 31, 2025 (250,000,000 shares authorized) 890 884
Additional paid-in capital 1,012,534 1,016,772
Treasury stock, at cost: 13,628,493 and 12,086,223 common shares as of June 30, 2026 and December 31, 2025, respectively (411,207) (351,772)
Accumulated other comprehensive loss, net of tax (74,324) (46,083)
Retained earnings 2,177,303 1,972,185
Total shareholders' equity 2,705,196 2,591,986
Total liabilities and shareholders' equity $ 3,997,375 $ 3,841,098