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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 122,771 $ 117,275
Restricted cash and cash equivalents 2,635 2,600
Fixed maturities, at fair value 300,346 289,418
Equity securities, at fair value 60,152 65,022
Prepaid reinsurance premiums 236,026 241,214
Reinsurance recoverable 76,097 107,847
Reinsurance receivable, net 7,004 203
Premiums receivable, net 48,105 46,461
Other receivables 3,261 2,587
Property and equipment, net 9,749 9,289
Deferred policy acquisition costs, net 15,893 15,899
Income taxes recoverable 6,199 8,152
Deferred income tax asset, net 11,472 12,051
Other assets 1,722 2,072
Total assets 901,432 920,090
LIABILITIES:    
Unpaid losses and loss adjustment expenses 150,557 159,222
Unearned premiums 384,761 383,488
Advance premium 25,413 22,959
Accounts payable 4,499 3,441
Book overdraft 2,985 14,947
Payable for securities purchased 2,185  
Reinsurance payable, net 93,654 86,232
Income taxes payable 915 2,566
Other liabilities and accrued expenses 28,357 34,386
Long-term debt 37,122 37,240
Total liabilities 730,448 744,481
Commitments and Contingencies (Note 12)      
STOCKHOLDERS' EQUITY:    
Cumulative convertible preferred stock, $.01 par value Authorized shares-1,000 Issued shares-22 and 30 Outstanding shares-22 and 30 Minimum liquidation preference, $9.17 and $6.98 per share      
Common stock, $.01 par value Authorized shares-55,000 Issued shares-44,276 and 43,641 Outstanding shares-34,776 and 35,366 443 436
Treasury shares, at cost-9,500 and 8,275 (50,204) (35,467)
Additional paid-in capital 42,195 42,282
Accumulated other comprehensive income (loss), net of taxes (264) (376)
Retained earnings 178,814 168,734
Total stockholders' equity 170,984 175,609
Total liabilities and stockholders' equity $ 901,432 $ 920,090