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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 105,730 $ 197,014
Restricted cash and cash equivalents 2,635 2,635
Fixed maturities, at fair value 584,361 416,083
Equity securities, at fair value 50,803 42,214
Short-term investments, at fair value 5,002 25,021
Investment real estate, net 11,435 6,117
Prepaid reinsurance premiums 124,385 114,673
Reinsurance recoverable 106 22,853
Premiums receivable, net 53,833 50,980
Other receivables 5,824 4,979
Property and equipment, net 32,162 27,065
Deferred policy acquisition costs, net 64,912 60,019
Income taxes recoverable 3,262 5,420
Deferred income tax asset, net 10,674 13,912
Other assets 4,883 4,563
Total assets 1,060,007 993,548
LIABILITIES:    
Unpaid losses and loss adjustment expenses 58,494 98,840
Unearned premiums 475,756 442,366
Advance premium 17,796 24,813
Accounts payable 3,187 378
Reinsurance payable, net 80,891 73,585
Other liabilities and accrued expenses 37,665 36,424
Long-term debt 15,028 24,050
Total liabilities 688,817 700,456
Commitments and Contingencies (Note 15)
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 – 45,324 and 45,525 Outstanding shares – 35,052 and 35,110 453 455
Treasury shares, at cost - 10,272 and 10,415 (86,982) (80,802)
Additional paid-in capital 82,263 70,789
Accumulated other comprehensive income (loss), net of taxes (6,408) (4,006)
Retained earnings 381,864 306,656
Total stockholders' equity 371,190 293,092
Total liabilities and stockholders' equity $ 1,060,007 $ 993,548