XML 55 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Investments:    
Fixed maturity securities-held-to-maturity, at amortized cost (fair value $575,175 and $561,179 in 2014 and 2013, respectively) $ 548,612 $ 536,583
Fixed maturity securities-available-for-sale, at fair value (cost $270,135 and $244,409 in 2014 and 2013, respectively) 268,189 237,877
Equity securities-available-for-sale, at fair value (cost $3,447 and $9,482 in 2014 and 2013, respectively) 3,682 9,302
Short-term investments 85,031 84,422
Other investments 10,820 10,591
Total investments 916,334 878,775
Cash and cash equivalents 106,860 123,077
Amounts recoverable from reinsurers 78,275 75,326
Premiums receivable, net of allowance 192,964 171,579
Deferred income taxes 32,806 33,645
Accrued interest receivable 11,345 11,242
Property and equipment, net 7,425 7,549
Deferred policy acquisition costs 21,091 19,171
Other assets 9,650 8,637
Total assets 1,376,750 1,329,001
Liabilities:    
Reserves for loss and loss adjustment expenses 636,191 614,557
Unearned premiums 177,428 164,296
Reinsurance premiums payable 1,727 607
Amounts held for others 36,617 35,739
Policyholder deposits 45,811 44,620
Insurance-related assessments 28,113 25,428
Accounts payable and other liabilities 29,650 26,940
Payable for investments purchased 635  
Total liabilities 956,172 912,187
Shareholders' equity:    
Common stock: Voting-$0.01 par value authorized shares-50,000,000 in 2014 and 2013; 19,917,709 and 19,855,430 shares issued and 18,659,459 and 18,597,180 shares outstanding in 2014 and 2013, respectively 198 198
Additional paid-in capital 194,076 192,537
Treasury stock at cost (1,258,250 shares in 2014 and 2013) (22,370) (22,370)
Accumulated earnings 249,729 250,744
Accumulated other comprehensive loss, net (1,055) (4,295)
Total shareholders' equity 420,578 416,814
Total liabilities and shareholders' equity $ 1,376,750 $ 1,329,001