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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Investments:    
Fixed maturity securities held-to-maturity, at amortized cost (fair value $662,917 and $685,242 in 2012 and 2011, respectively) $ 620,682 $ 646,048
Fixed maturity securities available-for-sale, at fair value (cost $124,604 and $98,077 in 2012 and 2011, respectively) 128,565 100,742
Equity securities available-for-sale, at fair value (cost $8,374 and $11,776 in 2012 and 2011, respectively) 8,293 12,240
Short-term Investments 43,751 46,944
Total investments 801,291 805,974
Cash and cash equivalents 76,848 45,536
Amounts recoverable from reinsurers 98,795 96,212
Premiums receivable, net 147,407 121,223
Deferred income taxes 30,493 30,048
Accrued interest receivable 9,952 9,520
Property and equipment, net 7,336 7,628
Deferred policy acquisition costs 18,533 16,578
Deferred charges 4,040 3,120
Federal income tax recoverable 3,988  
Other assets 11,625 11,254
Total assets 1,210,308 1,147,093
Liabilities:    
Reserves for loss and loss adjustment expenses 558,515 538,214
Unearned premiums 141,701 118,699
Reinsurance premiums payable 201 1,226
Amounts held for others 35,881 29,981
Policyholder deposits 37,726 37,228
Insurance-related assessments 25,438 21,506
Payable for investments purchased 11,921 616
Accounts payable and other liabilities 22,586 24,406
Subordinated debt securities: 12,890 25,780
Total liabilities 846,859 797,656
Shareholders' equity:    
Common stock: Voting $0.01 par value authorized shares 50,000,000 in 2012 and 2011; 19,445,476 and 19,408,512 shares issued and 18,187,226 and 18,150,262 shares outstanding in 2012 and 2011, respectively 194 194
Additional paid-in capital 186,290 185,734
Treasury stock at cost (1,258,250 shares in 2012 and 2011) (22,370) (22,370)
Accumulated earnings 196,670 183,664
Accumulated other comprehensive income, net 2,665 2,215
Total shareholders' equity 363,449 349,437
Total liabilities and shareholders' equity $ 1,210,308 $ 1,147,093