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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 180,857 $ 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 289,388  
Equity securities (available for sale), at fair value 53,507  
Prepaid reinsurance premiums 255,941 239,921
Reinsurance recoverable 79,151 89,191
Reinsurance receivable, net 24,542 24,334
Premiums receivable, net 56,846 50,125
Receivable from securities sold   1,096
Other receivables 4,172 2,017
Property and equipment, net 9,309 8,968
Deferred policy acquisition costs, net 17,241 17,282
Income taxes recoverable 9,078 2,594
Deferred income tax asset, net 16,652 19,178
Other assets 2,462 1,578
Total assets 1,001,799 925,735
LIABILITIES:    
Unpaid losses and loss adjustment expenses 166,260 193,241
Unearned premiums 420,687 388,071
Advance premium 25,671 15,022
Accounts payable 5,010 4,368
Bank overdraft 24,926 25,994
Payable for securities purchased 3,104 1,275
Reinsurance payable, net 134,699 85,259
Income taxes payable 193 699
Other liabilities and accrued expenses 27,745 28,071
Long-term debt 37,476 20,221
Total liabilities 845,771 762,221
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 - 42,981 and 41,889 Outstanding shares - 35,297 and 40,871 430 419
Treasury shares, at cost - 7,684 and 1,018 (31,179) (3,101)
Additional paid-in capital 38,975 38,684
Accumulated other comprehensive income, net of taxes (2,608) 0
Retained earnings 150,409 127,511
Total stockholders' equity 156,028 163,514
Total liabilities and stockholders' equity $ 1,001,799 $ 925,735