Fixed maturity securities-held-to-maturity, at amortized cost net of allowance for credit losses of 60 and 73 at june 30, 2026 and december 31, 2025, respectively, (fair value 327,158 and 344,576 at june 30, 2026, and december 31, 2025, respectively)
332,714
340,546
350,087
372,018
Fixed maturity securities-available-for-sale, at fair value (amortized cost 290,264, allowance for credit losses of 0 at june 30, 2026 and amortized cost 317,116, allowance for credit losses of 0 at december 31, 2025)
285,249
314,211
313,038
314,604
Equity securities, at fair value (cost 31,164 and 31,165 at june 30, 2026 and december 31, 2025, respectively)
63,952
55,840
57,493
56,568
Short-term investments
23,272
28,753
14,237
19,090
Total investments
705,187
739,350
734,855
762,280
Cash and cash equivalents
65,476
34,226
61,926
54,747
Amounts recoverable from reinsurers (net of allowance for credit losses of 217 and 264 at june 30, 2026 and december 31, 2025, respectively)
105,659
104,802
108,098
113,918
Premiums receivable (net of allowance for credit losses of 4,159 and 4,172 at june 30, 2026 and december 31, 2025, respectively)
183,135
175,210
160,944
167,882
Deferred income taxes
17,264
18,322
17,572
18,854
Accrued interest receivable
6,930
7,196
6,963
7,632
Property and equipment, gross
-
-
26,429
-
Accumulated depreciation and amortization
-
-
19,136
-
Property and equipment, net
6,951
7,144
7,293
7,270
Deferred policy acquisition costs
22,618
22,126
21,085
21,758
Federal income tax recoverable
1,020
1,197
3,088
2,867
Other assets
13,051
13,386
8,720
7,736
Total assets
1,127,291
1,122,959
1,130,544
1,164,944
Reserves for loss and loss adjustment expenses
594,090
601,861
613,583
617,860
Unearned premiums
149,341
144,862
135,503
143,575
Amounts held for others
43,530
41,105
39,139
37,868
Policyholder deposits
32,572
33,159
33,532
33,797
Insurance-related assessments
18,293
16,774
15,979
17,436
Accounts payable and other liabilities
39,474
37,766
39,178
39,635
Payable for investments purchased
0
835
2,032
0
Total liabilities
877,300
876,362
878,946
890,171
Common stock voting-0.01 par value authorized shares-50,000,000 in 2026 and 2025 20,814,250 and 20,769,021 shares issued and 18,536,058 and 18,794,881 shares outstanding at june 30, 2026 and december 31, 2025, respectively
208
208
208
208
Additional paid-in capital
227,323
226,944
225,912
225,951
Treasury stock, at cost (2,278,192 and 1,974,140 shares at june 30, 2026 and december 31, 2025, respectively)
63,810
58,186
54,155
46,195
Accumulated earnings
90,250
83,296
82,850
98,486
Accumulated other comprehensive loss, net
-3,980
-5,665
-3,217
-3,677
Total shareholders equity
249,991
246,597
251,598
274,773
Total liabilities and shareholders equity
1,127,291
1,122,959
1,130,544
1,164,944
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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