• Filing Date: 2014-03-12
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Fixed-maturity securities, available for sale, at fair value (amortized cost: $110,738 and $33,436, respectively) $ 112,151 $ 35,953
Equity securities, available for sale, at fair value (cost: $17,248 and $8,756, respectively) 17,649 8,876
Other investments 16,228 16,087
Total investments 146,028 60,916
Cash and cash equivalents 293,398 230,214
Accrued interest and dividends receivable 1,133 375
Premiums receivable 14,674 10,642
Prepaid reinsurance premiums 28,066 9,112
Deferred policy acquisition costs 14,071 10,032
Property and equipment, net 13,132 10,853
Deferred income taxes, net   3,848
Other assets 15,814 2,296
Total assets 526,316 338,288
Liabilities and Stockholders' Equity    
Losses and loss adjustment expenses 43,686 41,168
Unearned premiums 171,907 154,249
Advance premiums 4,504 4,029
Assumed reinsurance balances payable 4,660 1,377
Accrued expenses 4,032 3,041
Dividends payable 19 42
Income taxes payable 543 8,813
Deferred income taxes, net 2,740  
Long-term debt 126,932   
Other liabilities 6,772 4,316
Total liabilities 365,795 217,035
Commitments and contingencies (Note 18)      
Stockholders' equity:    
Preferred stock      
Common stock (no par value, 40,000,000 shares authorized, 10,939,268 and 10,877,537 shares issued and outstanding in 2013 and 2012, respectively)      
Additional paid-in capital 48,966 63,875
Retained income 110,441 55,758
Accumulated other comprehensive income, net of taxes 1,114 1,620
Total stockholders' equity 160,521 121,253
Total liabilities and stockholders' equity 526,316 338,288
7% Series A Cumulative Convertible Preferred Stock [Member]
   
Stockholders' equity:    
Preferred stock      
Series B Preferred Stock [Member]
   
Stockholders' equity:    
Preferred stock