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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2012
Summary of Significant Accounting Policies [Line Items]  
Analysis of deferred acquisition costs
                         
    Years ended December 31,  
    2012     2011     2010  
    (dollars in thousands)  

Balance, beginning of period

  $ 24,421     $ 22,142     $ 16,228  

Acquisition costs deferred, net

    60,340       54,359       49,399  

Costs amortized during the period

    (58,579     (52,080     (43,485
   

 

 

   

 

 

   

 

 

 

Balance, end of period

  $ 26,182     $ 24,421     $ 22,142  
   

 

 

   

 

 

   

 

 

 
Earnings per share
                         
    2012     2011     2010  

Weighted average shares outstanding

    10,073,304       10,393,766       10,302,525  

Shares attributable to stock options and restricted stock

    309,583       345,408       343,579  
   

 

 

   

 

 

   

 

 

 

Weighted average shares attributable to stock options and restricted stock

    10,382,887       10,739,174       10,646,104  
   

 

 

   

 

 

   

 

 

 

Net earnings per share:

                       

Basic

  $ 1.18     $ 1.04     $ 2.96  

Diluted

  $ 1.14     $ 1.01     $ 2.87  
Bluestone [Member]
 
Summary of Significant Accounting Policies [Line Items]  
Summary of fair value of assets acquired identifiable intangible assets acquired and liabilities assumed
         

Assets:

       

Short-term investments, at fair value

  $ 3,541  

Cash and cash equivalents

    3,176  

Premiums receivable

    2,698  

Deferred acquisition costs

    1,186  

Goodwill

    11,526  

Intangibles and other assets

    9,784  
   

 

 

 

Total Assets

  $ 31,911  
   

 

 

 

Liabilities:

       

Unpaid losses and loss adjustment expenses

  $ (2,135

Unearned premiums

    (2,358

Ceded premiums payable

    (1,797

Funds held

    (3,504

Other Liablilities

    (1,057

Deferred income taxes

    (3,060
   

 

 

 

Total Liabilities

  $ (13,911