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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Reconciles the statutory federal income tax rate to the Company' s effective tax rate

		For the years ended December 31,
		2012				2011				2010
Statutory federal income tax rate			35.0	%			35.0	%			35.0	%
Increases (decreases) resulting from:
Disallowed meals & entertainment			0.6	%			0.6	%			0.3	%
Disallowed compensation			3.2	%			2.3	%			1.3	%
State income tax, net of federal tax benefit(1)			3.6	%			3.6	%			3.6	%
Other, net(2)			(0.1	%)			(1.1	%)			0.4	%
Effective tax rate			42.3	%			40.4	%			40.6	%

(1) Included in income tax is Florida income tax at a statutory rate of 5.5%.

(2) Other represents true-ups recorded upon completion of prior years tax returns, partially offset by estimates of penalties and interest for current year underpayment of estimated taxes.

Deferred income tax effects of temporary differences

		As of December 31,
		2012				2011
Deferred income tax assets:
Unearned premiums		$	11,430			$	9,007
Advanced premiums			1,132				1,451
Unpaid losses and LAE			3,449				3,139
Regulatory assessments			2,447				—
Stock-based compensation			3,048				4,341
Accrued wages			778				958
Allowance for uncollectible receivables			205				276
Additional tax basis of securities			573				2,407
Change in unrealized losses on investments			2,782				6,425
Total deferred income tax assets			25,844				28,004
Deferred income tax liabilities:
Deferred policy acquisition costs, net			(6,666	)			(5,013	)
Total deferred income tax liabilities			(6,666	)			(5,013	)
Net deferred income tax asset		$	19,178			$	22,991

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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