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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS:    
Cash and cash equivalents $ 356,325 $ 229,685
Restricted cash and cash equivalents 74,274 78,312
Fixed maturities, at fair value 3,913 3,801
Equity securities, at fair value 81,713 95,345
Prepaid reinsurance premiums 247,835 243,095
Reinsurance recoverables 115,459 85,706
Reinsurance receivable, net 125,664 55,205
Premiums receivable, net 56,377 45,828
Receivable from securities sold 594 9,737
Other receivables 3,631 2,732
Property and equipment, net 8,915 7,116
Deferred policy acquisition costs, net 17,744 12,996
Income taxes recoverable 624  
Deferred income tax asset, net 21,280 22,991
Other assets 1,825 1,477
Total assets 1,116,173 894,026
LIABILITIES:    
Unpaid losses and loss adjustment expenses 164,625 187,215
Unearned premiums 406,952 359,842
Advance premium 25,606 19,390
Accounts payable 5,342 4,314
Bank overdraft 27,650 25,485
Payable for securities purchased 1,239 1,067
Reinsurance payable 273,787 87,497
Income taxes payable 1,331 12,740
Dividends payable to shareholders 3,214  
Other liabilities and accrued expenses 23,710 24,780
Long-term debt 20,956 21,691
Total liabilities 954,412 744,021
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 - 41,189 and 41,100; Outstanding shares - 40,171 and 40,082 412 411
Treasury shares, at cost - 1,018 (3,101) (3,101)
Additional paid-in capital 38,126 36,536
Retained earnings 126,323 116,158
Total stockholders' equity 161,761 150,005
Total liabilities and stockholders' equity $ 1,116,173 $ 894,026