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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Fixed maturities, at fair value $ 597,675 $ 584,361
Equity securities, at fair value 50,286 50,803
Short-term investments, at fair value 5,001 5,002
Investment real estate, net 13,104 11,435
Total invested assets 666,066 651,601
Cash and cash equivalents 160,364 105,730
Restricted cash and cash equivalents 2,635 2,635
Prepaid reinsurance premiums 49,754 124,385
Reinsurance recoverable 605 106
Premiums receivable, net 56,224 53,833
Other receivables 5,388 5,824
Property and equipment, net 32,507 32,162
Deferred policy acquisition costs 66,524 64,912
Income taxes recoverable   3,262
Deferred income tax asset, net 15,389 10,674
Other assets 4,983 4,883
Total assets 1,060,439 1,060,007
LIABILITIES:    
Unpaid losses and loss adjustment expenses 31,463 58,494
Unearned premiums 484,796 475,756
Advance premium 28,397 17,796
Accounts payable 3,317 3,187
Reinsurance payable, net 42,270 80,891
Income taxes payable 19,150  
Other liabilities and accrued expenses 38,310 37,665
Long-term debt 13,971 15,028
Total liabilities 661,674 688,817
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 - 45,445 and 45,324; and Outstanding shares - 35,073 and 35,052 454 453
Treasury shares, at cost - 10,372 and 10,272 (89,530) (86,982)
Additional paid-in capital 83,657 82,263
Accumulated other comprehensive income (loss), net of taxes (3,944) (6,408)
Retained earnings 408,128 381,864
Total stockholders' equity 398,765 371,190
Total liabilities and stockholders' equity $ 1,060,439 $ 1,060,007