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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 215,283 $ 197,014
Restricted cash and cash equivalents 2,635 2,635
Fixed maturities, at fair value 577,810 416,083
Equity securities, at fair value 35,543 42,214
Short-term investments, at fair value 5,004 25,021
Investment real estate, net 8,102 6,117
Prepaid reinsurance premiums 122,444 114,673
Reinsurance recoverable 6,355 22,853
Premiums receivable, net 61,433 50,980
Other receivables 6,203 4,979
Property and equipment, net 29,706 27,065
Deferred policy acquisition costs, net 67,190 60,019
Income taxes recoverable 156 5,420
Deferred income tax asset, net 6,599 13,912
Other assets 5,046 4,563
Total assets 1,149,509 993,548
LIABILITIES:    
Unpaid losses and loss adjustment expenses 60,144 98,840
Unearned premiums 494,189 442,366
Advance premium 29,589 24,813
Accounts payable 2,926 378
Book overdraft 539  
Reinsurance payable, net 147,444 73,585
Dividends payable 4,912  
Other liabilities and accrued expenses 42,640 36,424
Long-term debt 15,763 24,050
Total liabilities 798,146 700,456
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 - 45,262 and 45,525 Outstanding shares - 35,064 and 35,110 453 455
Treasury shares, at cost - 10,198 and 10,415 (85,399) (80,802)
Additional paid-in capital 78,496 70,789
Accumulated other comprehensive income (loss), net of taxes 2,116 (4,006)
Retained earnings 355,697 306,656
Total stockholders' equity 351,363 293,092
Total liabilities and stockholders' equity $ 1,149,509 $ 993,548