XML 27 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Investments:    
Fixed maturity securities-held-to-maturity, at amortized cost (fair value $679,893 and $664,371 in 2015 and 2014, respectively) $ 660,250 $ 639,631
Fixed maturity securities-available-for-sale, at fair value (cost $364,748 and $327,004 in 2015 and 2014, respectively) 369,833 331,242
Equity securities-available-for-sale, at fair value (cost $0 in 2015 and 2014) 31 28
Short-term investments 7,057 33,684
Other investments 11,759 11,748
Total investments 1,048,930 1,016,333
Cash and cash equivalents 99,899 90,956
Amounts recoverable from reinsurers 91,092 85,888
Premiums receivable, net of allowance 194,086 178,917
Deferred income taxes 31,688 31,231
Accrued interest receivable 12,208 11,637
Property and equipment, net 6,945 7,240
Deferred policy acquisition costs 21,089 19,649
Federal income tax recoverable   1,082
Other assets 46,603 14,287
Total assets 1,552,540 1,457,220
Liabilities:    
Reserves for loss and loss adjustment expenses 720,710 687,602
Unearned premiums 176,270 168,576
Reinsurance premiums payable 274 843
Amounts held for others 49,287 42,827
Policyholder deposits 47,944 48,722
Insurance-related assessments 33,531 29,315
Federal income tax payable 979  
Accounts payable and other liabilities 30,000 30,110
Payable for investments purchased 2,969 2,257
Total liabilities 1,061,964 1,010,252
Shareholders' equity:    
Voting-$0.01 par value authorized shares-50,000,000 in 2015 and 2014; 20,352,042 and 20,155,936 shares issued and 19,093,792 and 18,897,686 shares outstanding in 2015 and 2014, respectively 203 201
Additional paid-in capital 203,322 199,138
Treasury stock at cost (1,258,250 shares in 2015 and 2014) (22,370) (22,370)
Accumulated earnings 306,061 267,189
Accumulated other comprehensive income, net 3,360 2,810
Total shareholders' equity 490,576 446,968
Total liabilities and shareholders' equity $ 1,552,540 $ 1,457,220