v2.3.0.15
Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Fixed maturities:  
Available for sale, at fair value (amortized cost: $1,370,288 and $1,393,655)$ 1,406,342$ 1,444,392
Equity securities:  
Available for sale, at fair value (cost: $154,110 and $121,604)146,067147,526
Other invested assets  
Available for sale, at fair value (cost: $14,150 and $4,255)16,1694,268
Securities classified as trading, at fair value (cost: $0 and $1,112) 1,112
Total investments1,568,5781,597,298
Cash and cash equivalents93,281119,888
Premiums receivable, net60,26856,657
Reinsurance receivables303,950422,844
Deferred federal income taxes20,1736,926
Deferred acquisition costs28,75335,344
Intangible assets18,79819,082
Goodwill4,8204,820
Prepaid reinsurance premiums7,76211,104
Receivable for securities sold4,388 
Other assets22,11820,720
Total assets2,132,8892,294,683
Liabilities:  
Unpaid losses and loss adjustment expenses971,2221,052,743
Unearned premiums135,866135,872
Ceded balances payable8,53912,376
Contingent commissions5,6939,260
Payable for securities purchased 4,768
Federal income taxes payable1,99355
Notes and debentures payable103,071121,285
Other liabilities29,01829,655
Total liabilities1,255,4021,366,014
Commitments and contingencies (Note 11)  
Shareholders' equity:  
Ordinary shares, $0.0001 par value, 900,000,000 ordinary shares authorized; Class A ordinary shares issued: 21,414,007 and 21,340,821, respectively; Class A ordinary shares outstanding: 18,365,802 and 18,300,544, respectively; Class B ordinary shares issued and outstanding: 12,061,370 and 12,061,370, respectively33
Additional paid-in capital621,442622,725
Accumulated other comprehensive income, net of taxes23,50057,211
Retained earnings333,621349,642
Class A ordinary shares in treasury, at cost: 3,048,205 and 3,040,277 shares, respectively(101,079)(100,912)
Total shareholders' equity877,487928,669
Total liabilities and shareholders' equity$ 2,132,889$ 2,294,683