XML 29 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Investments:    
Fixed maturity securities-held-to-maturity, at amortized cost (fair value $716,856 and $664,371 in 2015 and 2014, respectively) $ 698,513 $ 639,631
Fixed maturity securities-available-for-sale, at fair value (cost $341,591 and $327,004 in 2015 and 2014, respectively) 344,659 331,242
Equity securities-available-for-sale, at fair value (cost $0 in 2015 and 2014) 28 28
Short-term investments 6,826 33,684
Other investments 11,695 11,748
Total investments 1,061,721 1,016,333
Cash and cash equivalents 61,589 90,956
Amounts recoverable from reinsurers 90,163 85,888
Premiums receivable, net of allowance 203,101 178,917
Deferred income taxes 32,301 31,231
Accrued interest receivable 11,622 11,637
Property and equipment, net 7,105 7,240
Deferred policy acquisition costs 21,390 19,649
Federal income tax recoverable   1,082
Other assets 45,119 14,287
Total assets 1,534,111 1,457,220
Liabilities:    
Reserves for loss and loss adjustment expenses 715,145 687,602
Unearned premiums 179,945 168,576
Reinsurance premiums payable 217 843
Amounts held for others 46,338 42,827
Policyholder deposits 47,506 48,722
Insurance-related assessments 33,400 29,315
Federal income tax payable 1,060  
Accounts payable and other liabilities 29,110 30,110
Payable for investments purchased 8,592 2,257
Total liabilities 1,061,313 1,010,252
Shareholders' equity:    
Voting-$0.01 par value authorized shares-50,000,000 in 2015 and 2014; 20,268,042 and 20,155,936 shares issued and 19,009,792 and 18,897,686 shares outstanding in 2015 and 2014, respectively 202 201
Additional paid-in capital 201,934 199,138
Treasury stock at cost (1,258,250 shares in 2015 and 2014) (22,370) (22,370)
Accumulated earnings 290,980 267,189
Accumulated other comprehensive income, net 2,052 2,810
Total shareholders' equity 472,798 446,968
Total liabilities and shareholders' equity $ 1,534,111 $ 1,457,220