XML 22 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 19,137 $ 21,285
Investments:    
Fixed maturities (cost: $200,928 and $198,506) 230,188 217,348
Common and non-redeemable preferred stocks (cost: $9,477 and $7,477) 11,539 8,348
Other invested assets (cost: $588 and $567) 588 567
Policy loans 2,320 2,246
Real estate 38 38
Investment in unconsolidated trusts 1,238 1,238
Total investments 245,911 229,785
Receivables:    
Reinsurance 16,965 15,673
Insurance premiums and other (net of allowance for doubtful accounts: $379 and $405) 8,561 8,289
Deferred acquisition costs 25,914 24,259
Other assets 838 706
Goodwill 2,128 2,128
Total assets 319,454 302,125
LIABILITIES AND SHAREHOLDERS' EQUITY    
Future policy benefits 66,153 63,321
Unearned premiums 22,252 23,646
Losses and claims 61,879 57,975
Other policy liabilities 1,421 2,252
Total insurance reserves and policyholder funds 151,705 147,194
Accounts payable and accrued expenses 12,833 14,100
Deferred income taxes, net 7,242 3,316
Junior subordinated debenture obligations 41,238 41,238
Total liabilities 213,018 205,848
Commitments and contingencies (Note 8)      
Shareholders' equity:    
Preferred stock, $1 par, 4,000,000 shares authorized; Series D preferred, 70,000 shares issued and outstanding; $7,000 redemption value 70 70
Common stock, $1 par, 50,000,000 shares authorized; shares issued: 22,400,894; shares outstanding: 21,124,050 and 21,274,241 22,401 22,401
Additional paid-in capital 57,161 57,136
Retained earnings 8,895 6,179
Accumulated other comprehensive income 20,137 12,244
Treasury stock, at cost: 1,276,844 and 1,126,653 shares (2,228) (1,753)
Total shareholders' equity 106,436 96,277
Total liabilities and shareholders' equity $ 319,454 $ 302,125