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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 347,392 $ 229,685
Restricted cash and cash equivalents 33,009 78,312
Fixed maturities, at fair value 4,009 3,801
Equity securities, at fair value 85,041 95,345
Prepaid reinsurance premiums 239,921 243,095
Reinsurance recoverable 89,191 85,706
Reinsurance receivables, net 24,334 55,205
Premiums receivable, net 50,125 45,828
Receivable from securities sold 1,096 9,737
Other receivables 2,017 2,732
Property and equipment, net 8,968 7,116
Deferred policy acquisition costs, net 17,282 12,996
Income taxes recoverable 2,594  
Deferred income tax asset, net 19,178 22,991
Other assets 1,578 1,477
Total assets 925,735 894,026
LIABILITIES:    
Unpaid losses and loss adjustment expenses 193,241 187,215
Unearned premiums 388,071 359,842
Advance premium 15,022 19,390
Accounts payable 4,368 4,314
Bank overdraft 25,994 25,485
Payable for securities purchased 1,275 1,067
Reinsurance payable, net 85,259 87,497
Income taxes payable 699 12,740
Other liabilities and accrued expenses 28,071 24,780
Long-term debt 20,221 21,691
Total liabilities 762,221 744,021
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 - 41,889 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 38,684 36,536
Retained earnings 127,511 116,158
Total stockholders' equity 163,514 150,005
Total liabilities and stockholders' equity $ 925,735 $ 894,026