Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents	$ 137,286	$ 347,392
Restricted cash and cash equivalents	2,600	33,009
Fixed maturities (trading), at fair value		4,009
Equity securities (trading), at fair value		85,041
Fixed maturities (available for sale), at fair value	298,504
Equity securities (available for sale), at fair value	70,862
Prepaid reinsurance premiums	250,506	239,921
Reinsurance recoverable	74,900	89,191
Reinsurance receivable, net	24,268	24,334
Premiums receivable, net	52,399	50,125
Receivable from securities sold		1,096
Other receivables	3,446	2,017
Property and equipment, net	9,300	8,968
Deferred policy acquisition costs, net	16,953	17,282
Income taxes recoverable	14,498	2,594
Deferred income tax asset, net	13,756	19,178
Other assets	3,066	1,578
Total assets	972,344	925,735
LIABILITIES:
Unpaid losses and loss adjustment expenses	157,374	193,241
Unearned premiums	407,443	388,071
Advance premium	23,692	15,022
Accounts payable	3,863	4,368
Bank overdraft	22,209	25,994
Payable for securities purchased		1,275
Reinsurance payable, net	118,573	85,259
Income taxes payable	1,450	699
Other liabilities and accrued expenses	33,982	28,071
Long-term debt	37,356	20,221
Total liabilities	805,942	762,221
Commitments and Contingencies (Note 13)
STOCKHOLDERS' EQUITY:
Cumulative convertible preferred stock, $.01 par value Authorized shares - 1,000 Issued shares - 64 and 108 Outstanding shares - 64 and 108 Minimum liquidation preference, $2.66 per share	1	1
Common stock, $.01 par value Authorized shares - 55,000 Issued shares - 43,387 and 41,889 Outstanding shares - 35,111 and 40,871	434	419
Treasury shares, at cost - 8,276 and 1,018	(35,467)	(3,101)
Additional paid-in capital	40,631	38,684
Accumulated other comprehensive income, net of taxes	(488)	0
Retained earnings	161,291	127,511
Total stockholders' equity	166,402	163,514
Total liabilities and stockholders' equity	$ 972,344	$ 925,735