XML 35 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Investments available-for-sale:    
Fixed maturity securities, at fair value (including $6,419 and $4,623 from VIE) $ 791,761 $ 815,999
Stock, at fair value 9,771  
Short-term investments, at fair value (including $5,713 and $3,723 from VIE) 131,936 57,417
Trading securities, at fair value 14,846   
Total investments 948,314 883,099
Cash and cash equivalents (including $1,342 and $2,268 from VIE) 31,889 43,481
Accrued investment income (including $44 and $45 from VIE) 6,239 6,598
Premiums receivable (including $862 and $629 from VIE) 40,397 33,458
Ceded unearned premium (including $424 and $166 from VIE) 28,459 22,710
Reinsurance recoverable (including $194 and $3,055 from VIE) 160,949 173,982
Deferred income taxes    1,877
Deferred acquisition costs (including $1,317 and ($454) from VIE) 26,619 24,421
Property, plant and equipment, net 12,517 13,110
Goodwill 20,983 9,317
Other assets (including $1,537 and $1,042 from VIE) 92,222 74,479
Total Assets 1,368,588 1,286,532
Liabilities:    
Unpaid losses and loss adjustment expenses (including $4,907 and $7,412 from VIE) 683,011 680,201
Unearned premiums (including $5,192 and $623 from VIE) 148,993 135,059
Ceded premiums payable (including $1,100 and $296 from VIE) 16,808 11,425
Funds held (including $114 and $174 from VIE) 81,199 71,955
Other liabilities (including $0 and $0 from VIE) 19,634 14,029
Deferred income taxes (including ($21) and $0 from VIE) 7,117   
Securities payable 16,834   
Loans payable 39,183 39,183
Total liabilities 1,012,779 951,852
Shareholder's equity:    
Preferred stock, $0.01 par value; authorized 5,000,000 shares; no shares issued and outstanding      
Common stock, $0.01 par value; authorized 30,000,000 shares; issued and outstanding at September 30, 2012, 9,878,589 shares and at December 31, 2011, 10,209,419 shares 98 102
Additional paid-in capital 92,992 98,394
Retained earnings 197,618 185,176
Accumulated other comprehensive income, net 58,541 44,416
Total American Safety Insurance Holdings, Ltd. shareholders' equity 349,249 328,088
Equity in non-controlling interests 6,560 6,592
Total equity 355,809 334,680
Total liabilities and equity 1,368,588 1,286,532
Common stock
   
Investments available-for-sale:    
Fixed maturity securities, at fair value (including $6,419 and $4,623 from VIE) 6,706 6,751
Stock, at fair value 6,706 6,751
Preferred stock
   
Investments available-for-sale:    
Fixed maturity securities, at fair value (including $6,419 and $4,623 from VIE) 3,065 2,932
Stock, at fair value $ 3,065 $ 2,932