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CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Investments    
Debt maturities, available for sale, at fair value $ 275,387 $ 174,912
Debt maturities, held to maturity, at amortized cost 7,352 7,214
Equity securities, available for sale, at fair value 36,463 38,584
Total investments 319,202 220,710
Cash and short term investments 45,926 41,446
Prepaid reinsurance premiums 39,202 7,592
Premiums receivable, net of allowance for credit losses of $143 and $143, respectively 28,112 22,414
Reinsurance recoverable, net 9,235 2,742
Deferred policy acquisition costs 10,980 16,708
Deferred income taxes, net 0 1,006
Income taxes receivable 2,130 0
Property, plant and equipment, net 1,670 929
Other assets 5,135 3,194
Contingent quota-share profit sharing 14,000 0
Total assets 475,592 316,741
LIABILITIES AND SHAREHOLDERS' EQUITY    
Unpaid losses and LAE 73,109 61,016
Unearned premiums 186,638 128,343
Premiums deposits and customer credit balances 7,094 3,833
Claims payments outstanding 7,182 6,203
Income taxes payable 0 2,379
Deferred income taxes, net 1,964 0
Accounts payable and accrued expenses 7,631 6,473
Deferred quota-share profit sharing 12,250 0
Total liabilities 295,868 208,247
Shareholders' equity:    
Common stock, $0.01 par value. Authorized 25,000,000 shares; issued and outstanding13,594,962 and 10,901,716, respectively 136 109
Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued or outstanding 0 0
Additional paid-in capital 125,433 80,525
Accumulated other comprehensive income    
Unrealized net gains on investments, available for sale 6,093 5,964
Total accumulated other comprehensive income 6,093 5,964
Retained earnings 48,062 21,896
Total shareholders' equity 179,724 108,494
Total liabilities and shareholders' equity $ 475,592 $ 316,741