• Filing Date: 2017-02-22
  • Form Type: 10-K
  • Description: Annual report
v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets    
Fixed-maturity securities, available for sale, at fair value (amortized cost: $167,231 and $128,614, respectively) $ 166,248 $ 125,009
Equity securities, available for sale, at fair value (cost: $47,750 and $47,548, respectively) 53,035 48,237
Limited partnership investments, at equity 29,263 23,930
Investment in unconsolidated joint venture, at equity 2,102 4,787
Real estate investments (Note 4 - Consolidated Variable Interest Entity) 48,086 30,954
Total investments 298,734 232,917
Cash and cash equivalents (Note 4 - Consolidated Variable Interest Entity) 280,531 267,738
Accrued interest and dividends receivable 1,654 1,390
Income taxes receivable 2,811 1,858
Premiums receivable 17,276 19,631
Prepaid reinsurance premiums 24,554 40,747
Deferred policy acquisition costs 16,639 18,602
Property and equipment, net 11,374 11,786
Intangible assets, net 4,899  
Deferred income taxes, net 250 3,189
Other assets 11,342 39,128
Total assets 670,064 636,986
Liabilities and Stockholders' Equity    
Losses and loss adjustment expenses 70,492 51,690
Unearned premiums 175,803 187,290
Advance premiums 4,651 4,983
Assumed reinsurance balances payable 3,294 1,084
Accrued expenses (Note 4 - Consolidated Variable Interest Entity) 6,513 6,316
Long-term debt 138,863 129,429
Other liabilities 26,702 18,472
Total liabilities 426,318 399,264
Commitments and contingencies (Note 22)
Stockholders' equity:    
Preferred stock
Common stock (no par value, 40,000,000 shares authorized, 9,662,761 and 10,292,256 shares issued and outstanding in 2016 and 2015, respectively) 0 0
Additional paid-in capital 8,139 23,879
Retained income 232,964 215,634
Accumulated other comprehensive income (loss), net of taxes 2,643 (1,791)
Total stockholders' equity 243,746 237,722
Total liabilities and stockholders' equity (or members' capital) 670,064 636,986
7% Series A Cumulative Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock