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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 201,357 $ 117,275
Restricted cash and cash equivalents 2,635 2,600
Fixed maturities, at fair value 323,145 289,418
Equity securities, at fair value 12,420 65,022
Prepaid reinsurance premiums 193,811 241,214
Reinsurance recoverable 77,566 107,847
Reinsurance receivable, net 26,352 203
Premiums receivable, net 55,005 46,461
Other receivables 3,340 2,587
Property and equipment, net 9,815 9,289
Deferred policy acquisition costs, net 28,077 15,899
Income taxes recoverable 2,824 8,152
Deferred income tax asset, net 11,813 12,051
Other assets 2,242 2,072
Total assets 950,402 920,090
LIABILITIES:    
Unpaid losses and loss adjustment expenses 144,625 159,222
Unearned premiums 412,709 383,488
Advance premium 22,671 22,959
Accounts payable 4,809 3,441
Book overdraft 4,312 14,947
Payable for securities purchased 1,026  
Reinsurance payable, net 120,095 86,232
Income taxes payable 407 2,566
Dividends payable to shareholders 3,503  
Other liabilities and accrued expenses 27,161 34,386
Long-term debt 30,984 37,240
Total liabilities 772,302 744,481
Commitments and Contingencies (Note 12)      
STOCKHOLDERS' EQUITY:    
Cumulative convertible preferred stock, $.01 par value Authorized shares - 1,000 Issued shares - 12 and 30 Outstanding shares - 12 and 30 Minimum liquidation preference, $8.49 and $6.98 per share 0 0
Common stock, $.01 par value Authorized shares - 55,000 Issued shares - 44,935 and 43,641 Outstanding shares - 34,988 and 35,366 449 436
Treasury shares, at cost - 9,947 and 8,275 (55,701) (35,467)
Additional paid-in capital 41,539 42,282
Accumulated other comprehensive income (loss), net of taxes (623) (376)
Retained earnings 192,436 168,734
Total stockholders' equity 178,100 175,609
Total liabilities and stockholders' equity $ 950,402 $ 920,090