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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS:    
Cash and cash equivalents $ 325,968 $ 229,685
Restricted cash and cash equivalents 48,178 78,312
Fixed maturities, at fair value 3,800 3,801
Equity securities, at fair value 96,996 95,345
Prepaid reinsurance premiums 276,365 243,095
Reinsurance recoverables 77,049 85,706
Reinsurance receivable, net 15,794 55,205
Premiums receivable, net 45,628 45,828
Receivable from securities sold 4,117 9,737
Other receivables 2,207 2,732
Property and equipment, net 8,441 7,116
Deferred policy acquisition costs, net 11,798 12,996
Income taxes recoverable 1,070 0
Deferred income taxes 17,409 22,991
Other assets 1,836 1,477
Total assets 936,656 894,026
LIABILITIES:    
Unpaid losses and loss adjustment expenses 172,300 187,215
Unearned premiums 371,041 359,842
Advance premium 31,101 19,390
Accounts payable 5,064 4,314
Bank overdraft 28,690 25,485
Payable for securities purchased 8,017 1,067
Reinsurance payable 114,477 87,497
Income taxes payable 551 12,740
Dividends payable to shareholders 4,012 0
Other accrued expenses 23,506 24,780
Long-term debt 21,324 21,691
Total liabilities 780,083 744,021
Commitments and Contingencies (Note 11)      
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 - 41,135 and 41,100; Outstanding shares - 40,117 and 40,082 411 411
Treasury shares, at cost--1,018 (3,101) (3,101)
Additional paid-in capital 37,497 36,536
Retained earnings 121,765 116,158
Total stockholders' equity 156,573 150,005
Total liabilities and stockholders' equity $ 936,656 $ 894,026