XML 57 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Investments:    
Fixed maturity securities, at fair value (including $9,499 and $4,623 from VIE) $ 829,577 $ 815,999
Stock, at fair value 11,857 2,932
Short-term investments, at fair value (including $2,645 and $3,723 from VIE) 76,502 57,417
Trading securities, at fair value 12,712  
Total investments 930,648 883,099
Cash and cash equivalents (including $507 and $2,268 from VIE) 20,224 43,481
Accrued investment income (including $52 and $45 from VIE) 6,387 6,598
Premiums receivable (including $498 and $629 from VIE) 32,559 33,458
Ceded unearned premium (including $351 and $166 from VIE) 29,821 22,710
Reinsurance recoverable (including $5,039 and $3,055 from VIE) 183,562 173,982
Deferred income taxes (including $0 and $0 from VIE) 15,736 1,877
Deferred acquisition costs (including $1,100 and ($454) from VIE) 26,182 24,421
Property, plant and equipment, net 12,082 13,110
Goodwill 20,843 9,317
Funds on deposit (including $231 and $208 from VIE) 42,088 32,979
Accrued premium (including $0 and $0 from VIE) 42,886 33,968
Other assets (including $1,255 and $834 from VIE) 25,849 7,532
Total assets 1,373,131 1,286,532
Liabilities:    
Unpaid losses and loss adjustment expenses (including $8,900 and $7,412 from VIE) 725,244 680,201
Unearned premiums (including $4,325 and $623 from VIE) 146,096 135,059
Ceded premiums payable (including $67 and $296 from VIE) 13,386 11,425
Funds held (including $113 and $174 from VIE) 76,806 71,955
Other liabilities (including $0 and $0 from VIE) 18,601 14,029
Deferred income taxes (including $30 and $0 from VIE) 8,767 15,288
Loans payable 39,183 39,183
Total liabilities 1,028,083 951,852
Shareholders' 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 December 31, 2012, 9,505,906 shares and at December 31, 2011, 10,209,419 shares 95 102
Additional paid-in capital 86,568 98,394
Retained earnings 197,015 185,176
Accumulated other comprehensive income, net 53,628 44,416
Total American Safety Insurance Holdings, Ltd. shareholders' equity 337,306 328,088
Equity in non-controlling interests 7,742 6,592
Total equity 345,048 334,680
Total liabilities and equity 1,373,131 1,286,532
Common stock
   
Investments:    
Fixed maturity securities, at fair value (including $9,499 and $4,623 from VIE) 8,776 6,751
Stock, at fair value 8,776 6,751
Preferred stock
   
Investments:    
Fixed maturity securities, at fair value (including $9,499 and $4,623 from VIE) 3,081 2,932
Stock, at fair value $ 3,081 $ 2,932