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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 117,275 $ 347,392
Restricted cash and cash equivalents 2,600 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 289,418  
Equity securities (available for sale), at fair value 65,022  
Prepaid reinsurance premiums 241,214 239,921
Reinsurance recoverable 107,847 89,191
Reinsurance receivable, net 203 24,334
Premiums receivable, net 46,461 50,125
Receivable from securities sold   1,096
Other receivables 2,587 2,017
Property and equipment, net 9,289 8,968
Deferred policy acquisition costs, net 15,899 17,282
Income taxes recoverable 8,152 2,594
Deferred income tax asset, net 12,051 19,178
Other assets 2,072 1,578
Total assets 920,090 925,735
LIABILITIES:    
Unpaid losses and loss adjustment expenses 159,222 193,241
Unearned Premiums 383,488 388,071
Advance premium 22,959 15,022
Accounts payable 3,441 4,368
Book overdraft 14,947 25,994
Payable for securities purchased   1,275
Reinsurance payable, net 86,232 85,259
Income taxes payable 2,566 699
Other liabilities and accrued expenses 34,386 28,071
Long-term debt 37,240 20,221
Total liabilities 744,481 762,221
Commitments and Contingencies (Note 15)      
STOCKHOLDERS' EQUITY:    
Cumulative convertible preferred stock, $.01 par value Authorized shares - 1,000 Issued shares - 30 and 108 Outstanding shares - 30 and 108 Minimum liquidation preference - $6.98 and $2.66 per share   1
Common stock, $.01 par value Authorized shares - 55,000 Issued shares - 43,641 and 41,889 Outstanding shares - 35,366 and 40,871 436 419
Treasury shares, at cost - 8,275 and 1,018 (35,467) (3,101)
Additional paid-in capital 42,282 38,684
Accumulated other comprehensive income (loss), net of taxes (376) 0
Retained earnings 168,734 127,511
Total stockholders' equity 175,609 163,514
Total liabilities and stockholders' equity $ 920,090 $ 925,735