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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 170,352 $ 117,275
Restricted cash and cash equivalents 6,597 2,600
Fixed maturities, at fair value 328,010 289,418
Equity securities, at fair value 20,387 65,022
Short-term investments, at fair value 37,473  
Prepaid reinsurance premiums 195,322 241,214
Reinsurance recoverable 56,241 107,847
Reinsurance receivable, net 12,535 203
Premiums receivable, net 54,647 46,461
Other receivables 3,196 2,587
Property and equipment, net 9,961 9,289
Deferred policy acquisition costs, net 27,832 15,899
Income taxes recoverable 2,914 8,152
Deferred income tax asset, net 11,958 12,051
Other assets 2,840 2,072
Total assets 940,265 920,090
LIABILITIES:    
Unpaid losses and loss adjustment expenses 136,915 159,222
Unearned premiums 411,875 383,488
Advance premium 21,302 22,959
Accounts payable 4,457 3,441
Book overdraft 5,861 14,947
Reinsurance payable, net 102,251 86,232
Income taxes payable   2,566
Dividends payable to shareholders 3,429  
Other liabilities and accrued expenses 34,240 34,386
Long-term debt 30,796 37,240
Total liabilities 751,126 744,481
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      
Common stock, $.01 par value Authorized shares - 55,000 Issued shares - 44,955 and 43,641 Outstanding shares - 34,289 and 35,366 449 436
Treasury shares, at cost - 10,666 and 8,275 (65,203) (35,467)
Additional paid-in capital 45,096 42,282
Accumulated other comprehensive income (loss), net of taxes (1,547) (376)
Retained earnings 210,344 168,734
Total stockholders' equity 189,139 175,609
Total liabilities and stockholders' equity $ 940,265 $ 920,090