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Condensed Consolidated Balance Sheets (unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 482,876 $ 347,392
Restricted cash and cash equivalents 2,653 33,009
Fixed maturities (trading), at fair value   4,009
Equity securities (trading), at fair value   85,041
Fixed maturities (available for sale), at fair value 13,968  
Prepaid reinsurance premiums 252,479 239,921
Reinsurance recoverables 87,231 89,191
Reinsurance receivable, net 4,480 24,334
Premiums receivable, net 50,832 50,125
Receivable from securities sold 21,991 1,096
Other receivables 2,269 2,017
Property and equipment, net 9,128 8,968
Deferred policy acquisition costs, net 17,377 17,282
Income taxes recoverable 1,977 2,594
Deferred income tax asset, net 15,322 19,178
Other assets 1,540 1,578
Total assets 964,123 925,735
LIABILITIES:    
Unpaid losses and loss adjustment expenses 182,528 193,241
Unearned premiums 398,042 388,071
Advance premium 27,210 15,022
Accounts payable 4,316 4,368
Bank overdraft 27,068 25,994
Payable for securities purchased   1,275
Reinsurance payable, net 104,881 85,259
Income taxes payable   699
Dividends payable to shareholders 3,270  
Other liabilities and accrued expenses 24,811 28,071
Long-term debt 19,853 20,221
Total liabilities 791,979 762,221
Commitments and Contingencies (Note 13)      
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 - 41,690 and 41,889; Outstanding shares - 40,672 and 40,871 417 419
Treasury shares, at cost - 1,018 (3,101) (3,101)
Additional paid-in capital 38,631 38,684
Retained earnings 136,196 127,511
Total stockholders' equity 172,144 163,514
Total liabilities and stockholders' equity $ 964,123 $ 925,735