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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Fixed maturities    
Held-to-maturity, at amortized cost (fair value $150 in 2018 and $150 in 2017) $ 150 $ 150
Available-for-sale, at fair value (amortized cost $1,577,448 in 2018 and $1,516,610 in 2017) 1,563,996 1,535,070
Trading securities, at fair value (amortized cost $13,229 in 2018 and $14,582 in 2017) 15,379 16,842
Equity securities at fair value (cost $65,481 in 2018 and $63,275 in 2017) 280,362 287,344
Other long-term investments 44,998 49,352
Short-term investments 175 175
Total investments 1,905,060 1,888,933
Cash and cash equivalents 316,852 95,562
Accrued investment income 15,083 13,841
Premiums receivable (net of allowance for doubtful accounts of $1,082 in 2018 and $1,255 in 2017) 339,007 328,513
Deferred policy acquisition costs 89,836 88,102
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $52,693 in 2018 and $51,988 in 2017) 71,929 68,992
Reinsurance receivables and recoverables 63,506 63,194
Prepaid reinsurance premiums 4,002 3,749
Income taxes receivable 0 6,031
Goodwill and intangible assets 23,783 23,971
Other assets 16,306 16,409
Assets held for sale 0 1,586,134
TOTAL ASSETS 2,845,364 4,183,431
Liabilities    
Losses and loss settlement expenses 1,219,981 1,224,183
Unearned premiums 476,912 465,391
Accrued expenses and other liabilities 158,811 167,396
Income taxes payable 17,581 0
Deferred income taxes 1,386 5,953
Liabilities held for sale 0 1,347,135
TOTAL LIABILITIES 1,874,671 3,210,058
Stockholders’ Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 24,912,748 and 24,916,806 shares issued and outstanding in 2018 and 2017, respectively 25 25
Additional paid-in capital 194,504 196,334
Retained earnings 832,031 608,700
Accumulated other comprehensive income, net of tax (55,867) 168,314
TOTAL STOCKHOLDERS’ EQUITY 970,693 973,373
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,845,364 $ 4,183,431