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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Fixed maturities:    
Available for sale, at fair value (amortized cost: $1,163,532 and $1,187,094) $ 1,184,738 $ 1,229,322
Equity securities:    
Available for sale, at fair value (cost: $174,693 and $167,179) 222,583 197,075
Other invested assets:    
Available for sale, at fair value (cost: $3,059 and $3,049) 3,226 3,132
Total investments 1,410,547 1,429,529
Cash and cash equivalents 111,440 104,460
Premiums receivable, net 74,027 45,162
Reinsurance receivables, net 232,645 241,827
Receivable for securities sold 5,160  
Federal income taxes receivable 1,393 6,844
Deferred federal income taxes 10,445 10,824
Deferred acquisition costs 25,980 18,265
Intangible assets 18,166 18,343
Goodwill 4,820 4,820
Prepaid reinsurance premiums 5,248 5,945
Other assets 14,951 17,684
Total assets 1,914,822 1,903,703
Liabilities:    
Unpaid losses and loss adjustment expenses 844,918 879,114
Unearned premiums 128,572 94,114
Ceded balances payable 4,628 4,201
Contingent commissions 7,302 9,911
Payable for securities purchased   2,634
Notes and debentures payable 84,929 84,929
Other liabilities 20,523 22,182
Total liabilities 1,090,872 1,097,085
Commitments and contingencies (Note 9)      
Shareholders' equity:    
Ordinary shares, $0.0001 par value, 900,000,000 ordinary shares authorized; A ordinary shares issued: 16,164,587 and 16,087,939, respectively; A ordinary shares outstanding: 13,105,826 and 13,030,938, respectively; B ordinary shares issued and outstanding: 12,061,370 and 12,061,370, respectively 3 3
Additional paid-in capital 514,422 512,304
Accumulated other comprehensive income, net of taxes 47,574 53,350
Retained earnings 363,200 342,171
A ordinary shares in treasury, at cost: 3,058,761 and 3,057,001 shares, respectively (101,249) (101,210)
Total shareholders' equity 823,950 806,618
Total liabilities and shareholders' equity $ 1,914,822 $ 1,903,703