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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 160,034 $ 197,014
Restricted cash and cash equivalents 2,635 2,635
Fixed maturities, at fair value 488,725 416,083
Equity securities, at fair value 31,754 42,214
Short-term investments, at fair value 12,505 25,021
Investment real estate, net 8,110 6,117
Prepaid reinsurance premiums 119,927 114,673
Reinsurance recoverable 17,162 22,853
Reinsurance receivable, net 186 353
Premiums receivable, net 54,719 50,980
Other receivables 21,754 4,626
Property and equipment, net 28,070 27,065
Deferred policy acquisition costs, net 61,158 60,019
Income taxes recoverable 5,420 5,420
Deferred income tax asset, net 11,840 13,912
Other assets 4,997 4,563
Total assets 1,028,996 993,548
LIABILITIES:    
Unpaid losses and loss adjustment expenses 84,975 98,840
Unearned premiums 449,086 442,366
Advance premium 32,289 24,813
Accounts payable 3,894 378
Reinsurance payable, net 75,446 73,585
Income taxes payable 17,383  
Other liabilities and accrued expenses 28,549 36,424
Long-term debt 23,077 24,050
Total liabilities $ 714,699 $ 700,456
Commitments and Contingencies (Note 12)
STOCKHOLDERS' EQUITY:    
Cumulative convertible preferred stock, $.01 par value Authorized shares - 1,000 Issued shares - 10 and 10 Outstanding shares - 10 and 10 Minimum liquidation preference, $9.99 and $9.99 per share
Common stock, $.01 par value Authorized shares - 55,000 Issued shares - 45,315 and 45,525 Outstanding shares - 34,800 and 35,110 $ 453 $ 455
Treasury shares, at cost - 10,515 and 10,415 (82,676) (80,802)
Additional paid-in capital 70,280 70,789
Accumulated other comprehensive income (loss), net of taxes (725) (4,006)
Retained earnings 326,965 306,656
Total stockholders' equity 314,297 293,092
Total liabilities and stockholders' equity $ 1,028,996 $ 993,548