v3.26.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets    
Fixed-maturity securities, available for sale, at fair value (amortized cost: $4,736,687, allowance for credit losses: $55 – 2026; $4,382,725 and $29 – 2025) $ 4,497,325 $ 4,341,450
Equity securities, at fair value (cost: $625,689 – 2026; $482,926 – 2025) 779,233 626,399
Real Estate Investments, Net 54,614 55,236
Short-term investments 0 3,864
Total investments 5,331,172 5,026,949
Cash and Cash Equivalent 160,508 163,361
Investment income due and accrued 33,012 30,971
Premiums and fees receivable, net of allowance for credit losses of $31,779 – 2026; $27,328 – 2025 119,608 124,593
Reinsurance recoverables, net 427,106 394,329
Ceded unearned premiums 39,803 44,506
Deferred policy acquisition costs, net of ceding commissions 122,169 118,737
Intangible assets 3,538 3,538
Deferred Income Tax Assets, Net 86,021 42,191
Other assets 108,166 94,386
Total assets 6,431,103 6,043,561
Liabilities    
Reserves for unpaid losses and loss adjustment expenses 3,324,276 2,890,870
Unearned premiums 862,652 860,394
Payable to reinsurers 25,260 34,385
Accounts payable and accrued expenses 53,685 66,301
Debt 224,604 224,397
Other liabilities 21,615 7,631
Total liabilities $ 4,512,092 $ 4,083,978
Common stock, shares outstanding (in shares) 22,509,945 23,145,751
Stockholders' Equity    
Common stock, $0.01 par value, 400,000,000 shares authorized, 23,500,708 and 22,509,945 shares issued and outstanding at September 30, 2026; 23,380,413 and 23,145,751 shares issued and outstanding at December 31, 2025 $ 235 $ 234
Additional paid-in capital 384,817 373,681
Retained earnings 2,086,435 1,716,945
Accumulated other comprehensive loss $ (187,160) $ (30,692)
Treasury Stock, Common, Shares 990,763 234,662
Treasury Stock, Value $ (365,316) $ (100,585)
Total stockholders’ equity 1,919,011 1,959,583
Total liabilities and stockholders’ equity $ 6,431,103 $ 6,043,561