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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Available-for-sale debt securities $ 760,408 $ 639,334
Available-for-sale short-term investments   10,000
Equity securities 69,108 62,215
Investment real estate, net 23,720 18,474
Total invested assets 853,236 730,023
Cash and cash equivalents 252,289 213,486
Restricted cash and cash equivalents 2,635 2,635
Prepaid reinsurance premiums 228,408 132,806
Reinsurance recoverable 158,603 182,405
Reinsurance receivable, net 961  
Premium receivable, net 66,017 56,500
Property and equipment, net 35,632 32,866
Deferred policy acquisition costs 90,643 73,059
Income taxes recoverable 5,174 9,472
Deferred income tax asset, net 7,948 9,286
Other assets 21,723 12,461
Total assets 1,723,269 1,454,999
LIABILITIES:    
Unpaid losses and loss adjustment expenses 158,667 248,425
Unearned premiums 629,693 532,444
Advance premium 32,839 26,216
Accounts payable 2,809 2,866
Book overdraft 30,334 36,715
Reinsurance payable, net 261,133 110,381
Other liabilities and accrued expenses 65,005 45,096
Long-term debt 11,765 12,868
Total liabilities 1,192,245 1,015,011
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 - 46,318 and 45,778 Outstanding shares - 34,933 and 34,735 463 458
Treasury shares, at cost - 11,385 and 11,043 (116,239) (105,123)
Additional paid-in capital 88,231 86,186
Accumulated other comprehensive income (loss), net of taxes (9,898) (6,281)
Retained earnings 568,467 464,748
Total stockholders' equity 531,024 439,988
Total liabilities and stockholders' equity $ 1,723,269 $ 1,454,999