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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Fixed maturities, at fair value $ 609,909 $ 584,361
Equity securities, at fair value 9,927 50,803
Short-term investments, at fair value   5,002
Investment real estate, net 15,104 11,435
Total invested assets 634,940 651,601
Cash and cash equivalents 245,495 105,730
Restricted cash and cash equivalents 2,635 2,635
Prepaid reinsurance premiums 285,480 124,385
Reinsurance recoverable 2,711 106
Premiums receivable, net 64,004 53,833
Other receivables 7,830 5,824
Property and equipment, net 33,066 32,162
Deferred policy acquisition costs 73,591 64,912
Income taxes recoverable 14,820 3,262
Deferred income tax asset, net   10,674
Other assets 5,487 4,883
Total assets 1,370,059 1,060,007
LIABILITIES:    
Unpaid losses and loss adjustment expenses 22,645 58,494
Unearned premiums 536,363 475,756
Advance premium 24,808 17,796
Accounts payable 3,735 3,187
Reinsurance payable, net 311,897 80,891
Deferred income tax liability, net 2,044  
Other liabilities and accrued expenses 33,896 37,665
Long-term debt 13,603 15,028
Total liabilities 948,991 688,817
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 - 45,447 and 45,324; and Outstanding shares - 34,821 and 35,052 454 453
Treasury shares, at cost - 10,626 and 10,272 (95,901) (86,982)
Additional paid-in capital 86,358 82,263
Accumulated other comprehensive income (loss), net of taxes (2,458) (6,408)
Retained earnings 432,615 381,864
Total stockholders' equity 421,068 371,190
Total liabilities and stockholders' equity $ 1,370,059 $ 1,060,007