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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 201,774 $ 115,397
Restricted cash and cash equivalents 2,635 2,635
Fixed maturities, at fair value 417,769 353,949
Equity securities, at fair value 46,627 19,642
Short-term investments, at fair value 75,023 49,990
Investment real estate, net 5,820  
Prepaid reinsurance premiums 113,240 190,505
Reinsurance recoverable 36,135 55,187
Reinsurance receivable, net 166 7,468
Premiums receivable, net 56,617 50,987
Other receivables 5,195 2,763
Property and equipment, net 26,302 17,254
Deferred policy acquisition costs, net 63,003 25,660
Income taxes recoverable 10,964 5,675
Deferred income tax asset, net 12,196 11,850
Other assets 4,900 2,812
Total assets 1,078,366 911,774
LIABILITIES:    
Unpaid losses and loss adjustment expenses 101,059 134,353
Unearned premiums 463,651 395,748
Advance premium 26,029 17,919
Accounts payable 1,582 4,121
Book overdraft 3,728 5,924
Payable for securities purchased 7,937  
Reinsurance payable, net 125,427 66,066
Income taxes payable   1,799
Dividends payable to shareholders 4,287  
Other liabilities and accrued expenses 37,388 36,318
Long-term debt 24,324 30,610
Total liabilities $ 795,412 $ 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 - 45,595 and 43,769 Outstanding shares - 35,628 and 34,102 $ 456 $ 448
Treasury shares, at cost - 9,967 and 9,667 (69,818) (62,153)
Additional paid-in capital 67,845 40,987
Accumulated other comprehensive income (loss), net of taxes (2,515) (1,835)
Retained earnings 286,986 222,469
Total stockholders' equity 282,954 199,916
Total liabilities, contingently redeemable common stock and stockholders' equity $ 1,078,366 $ 911,774