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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS:    
Cash and cash equivalents $ 365,675 $ 229,685
Restricted cash and cash equivalents 95,135 78,312
Fixed maturities, at fair value 4,008 3,801
Equity securities, at fair value 48,875 95,345
Prepaid reinsurance premiums 248,899 243,095
Reinsurance recoverables 80,800 85,706
Reinsurance receivable, net 30,528 55,205
Premiums receivable, net 56,044 45,828
Receivable from securities sold 1,750 9,737
Other receivables 3,197 2,732
Property and equipment, net 8,838 7,116
Deferred policy acquisition costs, net 18,019 12,996
Income taxes recoverable 406  
Deferred income tax asset, net 16,185 22,991
Other assets 1,553 1,477
Total assets 979,912 894,026
LIABILITIES:    
Unpaid losses and loss adjustment expenses 172,674 187,215
Unearned premiums 408,714 359,842
Advance premium 18,468 19,390
Accounts payable 4,252 4,314
Bank overdraft 29,198 25,485
Payable for securities purchased 4,706 1,067
Reinsurance payable 123,934 87,497
Income taxes payable 23 12,740
Dividends payable to shareholders 3,287  
Other liabilities and accrued expenses 28,054 24,780
Long-term debt 20,588 21,691
Total liabilities 813,898 744,021
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 - 41,889 and 41,100; Outstanding shares - 40,871 and 40,082 419 411
Treasury shares, at cost - 1,018 (3,101) (3,101)
Additional paid-in capital 37,408 36,536
Retained earnings 131,287 116,158
Total stockholders' equity 166,014 150,005
Total liabilities and stockholders' equity $ 979,912 $ 894,026