• Filing Date: 2015-03-10
  • Form Type: 10-K
  • Description: Annual report
v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Assets    
Fixed-maturity securities, available for sale, at fair value (amortized cost: $96,163 and $110,738, respectively) $ 97,084us-gaap_AvailableForSaleSecuritiesDebtSecurities $ 112,151us-gaap_AvailableForSaleSecuritiesDebtSecurities
Equity securities, available for sale, at fair value (cost: $45,387 and $17,248, respectively) 45,550us-gaap_AvailableForSaleSecuritiesEquitySecurities 17,649us-gaap_AvailableForSaleSecuritiesEquitySecurities
Limited partnership investment, at equity 2,550hci_InvestmentsInLimitedPartnerships  
Investment in joint venture, at equity 4,477us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures  
Real estate investments 19,138us-gaap_RealEstateInvestments 16,228us-gaap_RealEstateInvestments
Total investments 168,799us-gaap_Investments 146,028us-gaap_Investments
Cash and cash equivalents 314,716us-gaap_CashAndCashEquivalentsAtCarryingValue 293,398us-gaap_CashAndCashEquivalentsAtCarryingValue
Accrued interest and dividends receivable 1,059us-gaap_AccruedInvestmentIncomeReceivable 1,133us-gaap_AccruedInvestmentIncomeReceivable
Income taxes receivable 2,624us-gaap_IncomeTaxReceivable  
Premiums receivable 15,824us-gaap_PremiumsReceivableAtCarryingValue 14,674us-gaap_PremiumsReceivableAtCarryingValue
Prepaid reinsurance premiums 34,096us-gaap_PrepaidReinsurancePremiums 28,066us-gaap_PrepaidReinsurancePremiums
Deferred policy acquisition costs 15,014us-gaap_DeferredPolicyAcquisitionCosts 14,071us-gaap_DeferredPolicyAcquisitionCosts
Property and equipment, net 12,292us-gaap_PropertyPlantAndEquipmentNet 13,132us-gaap_PropertyPlantAndEquipmentNet
Deferred income taxes, net 2,499us-gaap_DeferredTaxAssetsNet  
Other assets 35,287us-gaap_OtherAssets 15,814us-gaap_OtherAssets
Total assets 602,210us-gaap_Assets 526,316us-gaap_Assets
Liabilities and Stockholders' Equity    
Losses and loss adjustment expenses 48,908us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability 43,686us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability
Unearned premiums 214,071us-gaap_UnearnedPremiums 171,907us-gaap_UnearnedPremiums
Advance premiums 4,380us-gaap_DepositContractsLiabilities 4,504us-gaap_DepositContractsLiabilities
Assumed reinsurance balances payable 218us-gaap_ReinsurancePayable 4,660us-gaap_ReinsurancePayable
Accrued expenses 4,826us-gaap_AccruedLiabilitiesCurrentAndNoncurrent 4,032us-gaap_AccruedLiabilitiesCurrentAndNoncurrent
Dividends payable   19us-gaap_DividendsPayableCurrentAndNoncurrent
Income taxes payable   543us-gaap_AccruedIncomeTaxes
Deferred income taxes, net   2,740us-gaap_DeferredTaxLiabilities
Long-term debt 129,539us-gaap_LongTermDebt 126,932us-gaap_LongTermDebt
Other liabilities 17,683us-gaap_OtherLiabilities 6,772us-gaap_OtherLiabilities
Total liabilities 419,625us-gaap_Liabilities 365,795us-gaap_Liabilities
Commitments and contingencies (Note 17)      
Stockholders' equity:    
Preferred stock      
Common stock (no par value, 40,000,000 shares authorized, 10,189,128 and 10,939,268 shares issued and outstanding in 2014 and 2013, respectively)      
Additional paid-in capital 20,465us-gaap_AdditionalPaidInCapital 48,966us-gaap_AdditionalPaidInCapital
Retained income 161,454us-gaap_RetainedEarningsAccumulatedDeficit 110,441us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income, net of taxes 666us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 1,114us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders' equity 182,585us-gaap_StockholdersEquity 160,521us-gaap_StockholdersEquity
Total liabilities and stockholders' equity 602,210us-gaap_LiabilitiesAndStockholdersEquity 526,316us-gaap_LiabilitiesAndStockholdersEquity
7% Series A Cumulative Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock      
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock