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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Consolidated Balance Sheets [Abstract]    
Cash and cash equivalents $ 229,685 $ 133,645
Restricted cash and cash equivalents 78,312 13,940
Investment securities, at fair value 99,146 224,532
Prepaid reinsurance premiums 243,095 221,086
Reinsurance recoverables 85,706 79,552
Reinsurance receivables, net 55,205 37,607
Premiums receivable, net 45,828 43,622
Receivable from securities sold 9,737 17,556
Other receivables 2,732 2,864
Property and equipment, net 7,116 5,407
Deferred policy acquisition costs, net 12,996 9,446
Deferred income taxes 22,991 13,448
Other assets 1,477 1,132
Total assets 894,026 803,837
LIABILITIES:    
Unpaid losses and loss adjustment expenses 187,215 158,929
Unearned premiums 359,842 328,334
Advance premium 19,390 19,840
Accounts payable 4,314 3,767
Bank overdraft 25,485 23,030
Payable for securities purchased 1,067 0
Reinsurance payable, net 87,497 75,553
Income taxes payable 12,740 8,282
Other accrued expenses 24,780 23,150
Long-term debt 21,691 23,162
Total liabilities 744,021 664,047
Commitments and Contingencies (Note 15)      
STOCKHOLDERS' EQUITY:    
Cumulative convertible preferred stock, $.01 par value; Authorized shares -1,000; Issued shares -108; Outstanding shares -108; Minimum liquidation preference, $2.66 per share 1 1
Common stock, $.01 par value; Authorized shares - 55,000; Issued shares - 41,100 and 40,407; Outstanding shares - 40,082 and 39,388 411 404
Treasury shares, at cost - 1,018 and 1,019 shares (3,101) (3,109)
Additional paid-in capital 36,536 33,675
Retained earnings 116,158 108,819
Total stockholders' equity 150,005 139,790
Total liabilities and stockholders' equity $ 894,026 $ 803,837