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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Fixed maturities:    
Available for sale, at fair value (amortized cost: $1,265,606 and $1,258,533) $ 1,306,788 $ 1,296,885
Equity securities:    
Available for sale, at fair value (cost: $160,262 and $155,390) 180,270 168,361
Other invested assets:    
Available for sale, at fair value (cost: $4,156 and $4,150) 8,590 6,617
Total investments 1,495,648 1,471,863
Cash and cash equivalents 77,124 175,860
Premiums receivable, net 52,696 47,844
Reinsurance receivables 278,095 287,986
Federal income taxes receivable 9,762 2,223
Deferred federal income taxes 9,923 14,642
Deferred acquisition costs 20,187 21,564
Intangible assets 18,520 18,704
Goodwill 4,820 4,820
Prepaid reinsurance premiums 6,621 6,555
Receivable for securities sold   1,484
Other assets 18,227 19,371
Total assets 1,991,623 2,072,916
Liabilities:    
Unpaid losses and loss adjustment expenses 941,283 971,377
Unearned premiums 103,194 114,041
Ceded balances payable 7,643 8,887
Contingent commissions 6,231 7,473
Payable for securities purchased 9,608  
Notes and debentures payable 102,929 103,000
Other liabilities 25,546 29,075
Total liabilities 1,196,434 1,233,853
Commitments and contingencies (Note 11)      
Shareholders' equity:    
Ordinary shares, $0.0001 par value, 900,000,000 ordinary shares authorized; A ordinary shares issued: 16,488,613 and 21,429,683, respectively; A ordinary shares outstanding: 13,432,093 and 16,810,678, respectively; B ordinary shares issued and outstanding: 12,061,370 and 12,061,370, respectively 3 3
Additional paid-in capital 519,065 621,917
Accumulated other comprehensive income, net of taxes 49,441 40,174
Retained earnings 327,879 307,413
A ordinary shares in treasury, at cost: 3,056,520 and 4,619,005 shares, respectively (101,199) (130,444)
Total shareholders' equity 795,189 839,063
Total liabilities and shareholders' equity $ 1,991,623 $ 2,072,916