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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 213,330 $ 115,397
Restricted cash and cash equivalents 2,635 2,635
Fixed maturities, at fair value 359,589 353,949
Equity securities, at fair value 38,515 19,642
Short-term investments, at fair value 100,025 49,990
Investment real estate, net 5,849  
Prepaid reinsurance premiums 110,739 190,505
Reinsurance recoverable 38,157 55,187
Reinsurance receivable, net 716 7,468
Premiums receivable, net 59,171 50,987
Other receivables 4,524 2,763
Property and equipment, net 23,818 17,254
Deferred policy acquisition costs, net 62,181 25,660
Income taxes recoverable 12,949 5,675
Deferred income tax asset, net 10,250 11,850
Other assets 4,919 2,812
Total assets 1,047,367 911,774
LIABILITIES:    
Unpaid losses and loss adjustment expenses 112,117 134,353
Unearned premiums 455,882 395,748
Advance premium 29,303 17,919
Accounts payable 1,981 4,121
Book overdraft 2,725 5,924
Reinsurance payable, net 131,738 66,066
Income taxes payable 1,659 1,799
Dividends payable to shareholders 4,283  
Other liabilities and accrued expenses 27,751 36,318
Long-term debt 24,600 30,610
Total liabilities $ 792,039 $ 692,858
Commitments and Contingencies (Note 12)    
Contingently redeemable common stock Issued shares - 0 and 1,000 Outstanding shares - 0 and 1,000   $ 19,000
STOCKHOLDERS' EQUITY:    
Cumulative convertible preferred stock, $.01 par value Authorized shares - 1,000 Issued shares - 10 and 12 Outstanding shares - 10 and 12 Minimum liquidation preference, $9.99 and $8.49 per share    
Common stock, $.01 par value Authorized shares - 55,000 Issued shares - 45,562 and 43,769 Outstanding shares - 35,695 and 34,102 $ 456 $ 448
Treasury shares, at cost - 9,867 and 9,667 (67,229) (62,153)
Additional paid-in capital 62,845 40,987
Accumulated other comprehensive income (loss), net of taxes (1,721) (1,835)
Retained earnings 260,977 222,469
Total stockholders' equity 255,328 199,916
Total liabilities, contingently redeemable common stock and stockholders' equity $ 1,047,367 $ 911,774